Radiant Logistics Files Q1 2025 10-Q

TL;DR

Radiant Logistics Q1 2025 10-Q is in. Check credit facility details.

AI Summary

Radiant Logistics, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key information includes details on their revolving credit facility with Bank of America NA and BMO Capital Markets Corp, and their subsidiary Radiant Capital Partners LLC.

Why It Matters

This filing provides investors with an update on Radiant Logistics' financial health and operational status, crucial for understanding the company's performance in the transportation and cargo arrangement sector.

Risk Assessment

Risk Level: medium — The filing contains details about credit facilities and financial performance, which can indicate potential financial risks or opportunities for the company.

Key Numbers

• N/A — Revenue (Specific revenue figures for the quarter are not explicitly detailed in the provided snippet.)
• N/A — Net Income (Specific net income figures for the quarter are not explicitly detailed in the provided snippet.)
• N/A — Assets (Specific asset values are not explicitly detailed in the provided snippet, though property and equipment are mentioned.)

Key Players & Entities

• RADIANT LOGISTICS, INC (company) — Filer
• Bank of America NA (company) — Lender in revolving credit facility
• BMO Capital Markets Corp (company) — Lender in revolving credit facility
• Radiant Capital Partners LLC (company) — Subsidiary
• 2024-09-30 (date) — End of reporting period
• 2024-07-01 (date) — Start of reporting period

FAQ

Key Financial Figures

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

Filing Documents

• rlgt-20240930.htm (10-Q) — 2230KB
• rlgt-ex31_1.htm (EX-31.1) — 12KB
• rlgt-ex31_2.htm (EX-31.2) — 12KB
• rlgt-ex32_1.htm (EX-32.1) — 11KB
• 0000950170-24-125601.txt ( ) — 9678KB
• rlgt-20240930.xsd (EX-101.SCH) — 1372KB
• rlgt-20240930_htm.xml (XML) — 1732KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024 and June 30, 2024 3 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Changes in Equity for the Three Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024 and 2023 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 24 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 30

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 6. Exhibits 33

Signatures

Signatures 34 2 Table of Contents RADIANT LOG ISTICS, INC. Condensed C onsolidated Balance Sheets September 30, June 30, (In thousands, except share and per share data) 2024 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 10,448 $ 24,874 Accounts receivable, net of allowance of $ 2,060 and $ 2,103 , respectively 122,159 118,016 Contract assets 7,388 7,615 Income tax receivable 3,521 3,133 Prepaid expenses and other current assets 14,243 10,567 Total current assets 157,759 164,205 Property, technology, and equipment, net 25,720 25,558 Goodwill 98,505 93,043 Intangible assets, net 41,593 34,943 Operating lease right-of-use assets 48,301 49,850 Deposits and other assets 3,380 3,586 Total other long-term assets 191,779 181,422 Total assets $ 375,258 $ 371,185 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 73,686 $ 73,558 Operating partner commissions payable 11,901 13,291 Accrued expenses 8,853 8,948 Current portion of operating lease liabilities 12,146 11,629 Current portion of finance lease liabilities 641 643 Current portion of contingent consideration 475 455 Other current liabilities 954 1,927 Total current liabilities 108,656 110,451 Notes payable 200 — Operating lease liabilities, net of current portion 42,943 45,026 Finance lease liabilities, net of current portion 511 677 Contingent consideration, net of current portion 9,190 4,710 Deferred tax liabilities 1,053 812 Other long-term liabilities 217 — Total long-term liabilities 54,114 51,225 Total liabilities 162,770 161,676 Commitments and contingencies (Note 15) Equity: Common stock, $ 0.001 par value, 100,000,000 shares authorized; 52,009,812 and 51,844,249 shares issued, and 46,845,146 and 46,808,943 shares outstanding, respectively 33 33 Additiona

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View this 10-Q filing on SEC EDGAR