RADIANT LOGISTICS, INC. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Radiant Logistics, Inc. filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

RADIANT LOGISTICS, INC (RLGT) filed a Quarterly Report (10-Q) with the SEC on February 8, 2024. Filing is a 10-Q for Radiant Logistics, Inc. for the period ending December 31, 2023. The filing covers the fiscal quarter ending December 31, 2023. The company's fiscal year ends on June 30. Incorporated in Delaware, with principal business address in Renton, WA. Previous company name was GOLF TWO INC, changed on April 15, 2002.

Why It Matters

For investors and stakeholders tracking RADIANT LOGISTICS, INC, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and operational details for Radiant Logistics, Inc. during the specified quarter. Understanding the details within this filing is crucial for assessing the company's current financial health, strategic direction, and potential risks or opportunities.

Risk Assessment

Risk Level: low — RADIANT LOGISTICS, INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediately apparent negative or unusually positive financial indicators or disclosures that would suggest a high-risk assessment at this stage.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Radiant Logistics' performance and outlook.

Key Numbers

• 20231231 — Period End Date (Conformed period of report)
• 20240208 — Filing Date (Filed as of date)
• 0630 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• RADIANT LOGISTICS, INC. (company) — Filer name
• 20231231 (date) — Conformed period of report
• 20240208 (date) — Filed as of date
• 0000950170-24-012870 (other) — Accession number
• DE (other) — State of incorporation
• 0630 (date) — Fiscal year end
• GOLF TWO INC (company) — Former company name
• 20020415 (date) — Date of name change

FAQ

Industry Context

Radiant Logistics operates in the transportation and cargo arrangement industry, a sector critical for supply chain management and economic activity.

Regulatory Implications

The filing adheres to SEC regulations for quarterly reporting (Form 10-Q) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for the quarter ended December 31, 2023.
2. Review the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section for insights into performance drivers.
3. Identify any new risk factors or changes in existing risks disclosed in the filing.

Key Dates

• 2023-12-31: Period End Date — End of the reporting quarter for the 10-Q filing.
• 2024-02-08: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the quarter ending December 31, 2023. Previous filings would include the 10-Q for the quarter ending September 30, 2023, and the annual 10-K for the fiscal year ending June 30, 2023.

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 Par Value RLGT NYSE American Indi

Filing Documents

• rlgt-20231231.htm (10-Q) — 3440KB
• rlgt-ex31_1.htm (EX-31.1) — 12KB
• rlgt-ex31_2.htm (EX-31.2) — 12KB
• rlgt-ex32_1.htm (EX-32.1) — 11KB
• 0000950170-24-012870.txt (&nbsp;) — 12212KB
• rlgt-20231231.xsd (EX-101.SCH) — 1339KB
• rlgt-20231231_htm.xml (XML) — 2497KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2023 3 Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended December 31, 2023 and 2022 4 Condensed Consolidated Statements of Changes in Equity for the Three and Six Months Ended December 31, 2023 and 2022 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2023 and 2022 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 37 Item 5. Other Information 38 Item 6. Exhibits 39

Signatures

Signatures 40 2 Table of Contents RADIANT LOG ISTICS, INC. Condensed C onsolidated Balance Sheets December 31, June 30, (In thousands, except share and per share data) 2023 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 32,883 $ 32,456 Accounts receivable, net of allowance of $ 3,597 and $ 2,776 , respectively 106,297 126,725 Contract assets 7,227 6,180 Income tax receivable 2,139 — Prepaid expenses and other current assets 12,799 15,211 Total current assets 161,345 180,572 Property, technology, and equipment, net 26,327 25,389 Goodwill 89,251 89,203 Intangible assets, net 31,746 36,641 Operating lease right-of-use assets 50,042 56,773 Deposits and other assets 4,333 5,163 Total other long-term assets 175,372 187,780 Total assets $ 363,044 $ 393,741 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 71,213 $ 84,561 Operating partner commissions payable 14,476 18,360 Accrued expenses 8,625 8,739 Income tax payable — 369 Current portion of notes payable 1,826 4,107 Current portion of operating lease liabilities 10,535 11,273 Current portion of finance lease liabilities 583 620 Current portion of contingent consideration — 3,886 Other current liabilities 300 258 Total current liabilities 107,558 132,173 Operating lease liabilities, net of current portion 46,119 52,120 Finance lease liabilities, net of current portion 704 1,121 Contingent consideration, net of current portion 90 287 Deferred tax liabilities 1,456 2,944 Total long-term liabilities 48,369 56,472 Total liabilities 155,927 188,645 Commitments and contingencies (Note 15) Equity: Common stock, $ 0.001 par value, 100,000,000 shares authorized; 51,762,706 and 51,603,386 shares issued, and 46,921,448 and 47,294,529 shares outstanding, respectively 33 33 A

View Full Filing

View this 10-Q filing on SEC EDGAR