Radiant Logistics Q3 revenues down 24.4% YoY; posts net loss vs year-ago profit

RADIANT LOGISTICS, INC

2024-Q3 EPS reported $0.06 revenue$596,438,000

Revenue $184.6M (-24.4% YoY); net loss $0.7M vs profit $4.2M in prior Q3.
Adjusted EBITDA fell 55.2% to $5.2M from $11.6M; adjusted EPS $0.08 vs $0.17.
Nine-month adjusted EBITDA $22.1M vs $46.4M; net cash from ops $16.0M.
Acquired Select Logistics (Feb 2024) and Viking Worldwide (Apr 2024); earnout structures.
Ended Q3 with $31.2M cash, $0 drawn on $200M revolver; bought back 532k shares at $5.79.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RADIANT LOGISTICS, INC reported three and nine months ended March 31, 2024 results: revenue $184.6 million, net income net loss attributable to Radiant Logistics, Inc. of $0.7 million, EPS $0.02 loss per basic and fully diluted share.

Period: three and nine months ended March 31, 2024
Revenue: $184.6 million
Net income: net loss attributable to Radiant Logistics, Inc. of $0.7 million
EPS: $0.02 loss per basic and fully diluted share
Result: reported results

Exact text from the filing

services company, today reported financial results for the three and nine months ended March 31, 2024. Financial Highlights – Three Months Ended March 31, 2024 • Revenues of $184.6 million for the third fiscal quarter ended March 31, 2024, down $59.6 million or 24.4%, compared to revenues of $244.2 million for the comparable prior year period. • Gross profit of

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Source: SEC EDGAR

accession 0000950170-24-056892

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