other material
confidence high
sentiment negative
materiality 0.85
Omni Newco YTD net loss $171.2M, revenue down 29% YoY
FORWARD AIR CORP
- Nine-month revenue $998.9M vs $1.407B in prior year; net loss $171.2M vs net income $8.5M.
- Operating loss $49.0M; interest expense $122.1M; negative members' equity $10.2M.
- Cash from operations negative $95.4M vs positive $117.5M; total debt $1.44B.
- Contingent consideration liability $54.9M; goodwill $530.5M as of Sep 30, 2023.