secwatch.observer — SEC 8-K summary
======================================

Issuer:     RADIANT LOGISTICS, INC (RLGT)
CIK:        0001171155
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056892
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171155/000095017024056892/0000950170-24-056892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171155/000095017024056892/rlgt-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056892

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer