secwatch.observer — SEC 8-K summary
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Issuer:     RADIANT LOGISTICS, INC (RLGT)
CIK:        0001171155
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020507
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radiant Logistics Q3 revenue $244.2M (-44.7% YoY), net income $4.2M vs $13.6M
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- Revenue fell 44.7% YoY to $244.2M; excluding $62.2M in project charters, down 35.6%.
- Net income attributable to Radiant dropped 69.1% to $4.2M ($0.08 fully diluted) from $13.6M ($0.27).
- Adjusted EBITDA decreased 48.7% to $11.6M from $22.6M YoY; margin fell 980 bps to 17.2%.
- Bought back 839,864 shares at avg $5.95 for $5.0M in nine months; $4.2M more through May 5, 2023.
- CEO cites rapid freight-market softening; company is virtually debt-free with $17.0M net cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171155/000095017023020507/0000950170-23-020507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171155/000095017023020507/rlgt-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020507

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