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We're in this business now. This company has come a long way in 5-years. Way to go RLGT over 800,000,000 in revenues and the outlook is bright. We're rolling up smallish 3pls in our portfolio public company too modeling just after what you guys have done. KUDO's I own the stock long term and buying more.
Gosh darn, getting beat up in here I hope the 52 week low is a relief.
I think we need to go test 5.28 (I believe was the low) after that we make moves. I surely didn't think it would go so low, but it makes sense now. I am down 6% roughly and don't think it will break resistance at 5.67 today. Lower days to come but I'm holding for the run. Hoping I can get some more buying power before we see $6 again.
RLGT should drop below 6 tmrw. Best buy before a nice run. I misjudged the channel thinking it would reach 6.50, but we have some good movement coming. Time to get in and keep an open eye. 2 flips left before the downtrend.
Gonna maybe try 3 trades this run. I think if timed perfectly it can work with the 3 day wait for funds. Aiming for a sell around 6.50 with a buy back around 6. Selling again at 7.50 or better and grabbing back in the lower to mid 6's for the final run.
Looking for a quick run 7.50- 7.80, it's a risky sell point because it's got more in it. I think it'll dip back for the nice smooth run, I figure we see roughly 9.50 in a month give or take. All in my opinion of course.
It's following the same chart pattern it has been. I am in at 5.97, the downtrend is over IMO
I would just watch for now; lower than 7 is coming I'm getting myself ready for the next run. Finally got some trading money. I'd like to grab this around $6 if I can. This chart is quite easy to read but I need to take time to actually inspect it.
I like this company. Doing more DD tonight.
For myself since it seems I'm the only one here. I am calling today a red day.
I still agree and it is 7 years later.
My call was a test of $7 from just under $5. Though I didn't think it would nearly hit $8 I think I called that run quite well. I would had definitely sold right when it hit $7. That news made it continue the next morning, but the chart has a way of pulling it back to itself. Here's the downtrend, i am gonna try and nab the bottom again.
$RLGT recent news/filings
bullish
## source: finance.yahoo.com
Fri, 05 Jun 2015 13:35:05 GMT ~ Coverage initiated on Radiant Logistics by BB&T Capital Mkts
read full: http://finance.yahoo.com/q/ud?s=RLGT
*********************************************************
Thu, 28 May 2015 22:28:08 GMT ~ Radiant Logistics Universal Shelf Registration Statement Declared Effective by the Securities and Exchange Commission
[at noodls] - BELLEVUE, WA May 28, 2015 - Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multimodal transportation services company, today reported that the Securities and Exchange Commission ...
read full: http://www.noodls.com/view/D64930B744CEE6903E9C453337990597E17CC878
*********************************************************
Thu, 28 May 2015 21:00:00 GMT ~ Radiant Logistics Universal Shelf Registration Statement Declared Effective By The Securities And Exchange Commission
[PR Newswire] - BELLEVUE, Wash., May 28, 2015 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multimodal transportation services company, today reported that the Securities and Exchange Commission (SEC) has declared effective its $100 million universal shelf registration statement on Form S-3. Radiant's willingness and ability to raise capital under the shelf registration statement will depend upon a number of circumstances, including Radiant's need for additional capital to fund operations, organic growth or acquisitions, its financial and operating performance and the receptiveness of the capital markets to potential offerings by Radiant. Radiant does not currently have any agreements with respect to the issuance of securities pursuant to the shelf registration statement.
read full: http://finance.yahoo.com/news/radiant-logistics-universal-shelf-registration-210000017.html
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Wed, 27 May 2015 17:04:42 GMT ~ RADIANT LOGISTICS, INC Financials
read full: http://finance.yahoo.com/q/is?s=rlgt
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Tue, 26 May 2015 15:01:35 GMT ~ RADIANT LOGISTICS, INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/150526/rlgt8-k.html
*********************************************************
$RLGT charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$RLGT company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/RLGT/company-info
Ticker: $RLGT
OTC Market Place: Not Available
CIK code: 0001171155
Company name: Radiant Logistics, Inc.
Company website: http://www.radiantdelivers.com
Incorporated In: DE, USA
Business Description: Radiant Logistics, Inc. operates as a non-asset based logistics provider offering domestic and international freight forwarding and an array of value added supply chain management services, including order fulfillment, inventory management, and warehousing. It offers its services under the Airgroup, Adcom Worldwide, and Radiant brands to manufacturers, distributors, and retailers using a network of independent carriers and international agents. The company provides services through a network of approximately 70 company owned and exclusive agent offices across North America. Radiant Logistics was founded in 2001 and is headquartered in Bellevue, Washington.Less >>
$RLGT share structure
## source: otcmarkets.com
Market Value: $258,098,756 a/o Jun 04, 2015
Shares Outstanding: 42,035,628 a/o May 13, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$RLGT extra dd links
Company name: Radiant Logistics, Inc.
Company website: http://www.radiantdelivers.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=RLGT+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=RLGT+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=RLGT+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/RLGT/news - http://finance.yahoo.com/q/h?s=RLGT+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/RLGT/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/RLGT/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=RLGT+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/RLGT
DTCC (dtcc.com): http://search2.dtcc.com/?q=Radiant+Logistics%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Radiant+Logistics%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Radiant+Logistics%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.radiantdelivers.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.radiantdelivers.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.radiantdelivers.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/RLGT
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001171155&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/RLGT/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/RLGT/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=RLGT&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=RLGT
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/RLGT/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=RLGT+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=RLGT+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=RLGT
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=RLGT
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=RLGT+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/RLGT/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=RLGT+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/RLGT.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=RLGT
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/RLGT/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/RLGT/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/RLGT
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/RLGT
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/RLGT:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=RLGT
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=RLGT
$RLGT DD Notes ~ http://www.ddnotesmaker.com/RLGT
Goodness gracious my calls just keep coming true.
This is more like it. Nice strong upward moves. All time high isn't far off now. IMO
Still looking good. It's going up. I'm still happy with my call. I didn't think it would fall that fast but I also didn't see it going up that fast so soon. Crazy couple days of trading. This is my favorite stock. I'd be up roughly 75% if I coulda bought when I first wanted to.
Profit taking. What's your explanation? You said it ran because of earnings. Why the step back?
Aha, a run back step. Thanks for the explanation.
Trueheart
It just had a huge run back step Is a given. Didn't think so big tho
Did you figure in this dip?
Trueheart
I didn't say I knew why it was going up just that it was. I called the exact bottom of the downtrend. Charts play their role
The stock went up because of revenue and earnings.
Nothing to do with charts or feelings.
Trueheart
I knew this wouldn't stay under $5 long. If this keeps putting in the steps I don't doubt at all 6 and a test of 7 comes. Been watching this stock for about 9 months. This is a good buy and hold. IMO. I'm not a shareholder.
Just saw it in the charts. It's just the pattern. Wish I had money to play with but i don't.
Why?
Trueheart
8% down from the $6.09 high.
Trueheart
How 'bout that, Slo?
Looks so tasty.
It's a big positive maybe. :)
Trueheart
Good eye, True!
Listed as one of the ten best buys under $10.
http://www.msn.com/en-us/money/savingandinvesting/8-stocks-under-dollar10-worth-buying/ss-AAa3hXo
Been looking at rlgt for a few month here and there. May need to look for a spot here.
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Radiant Logistics, Inc.
RLGT.. $0.55 Earnings
Radiant Posts 136.7% Earnings Growth With Adjusted EBITDA of $1,709,000 for the Fiscal First Quarter Ended September 30, 2010
[b]For the three months ended September 30, 2010, Radiant reported net income of $783,000 on $46.4 million of revenues, or $0.03 per basic and fully diluted share. For the three months ended September 30, 2009, Radiant reported net income of $116,000 on $34.0 million of revenues, or $0.00 per basic and fully diluted share. [/b]
PR Newswire - Nov 11 at 08:00
Company Symbols: NASDAQ-OTCBB:RLGT
[b]Provides Upward Guidance from $4,500,000 to $5,000,000 in Adjusted EBITDA for FYE June 30, 2011[/b]
BELLEVUE, Wash., Nov. 11, 2010 /PRNewswire-FirstCall/ -- Radiant Logistics, Inc. (OTC Bulletin Board: RLGT), a domestic and international freight forwarding and logistics services company, today reported financial results for the three months ended September 30, 2010.
For the three months ended September 30, 2010, Radiant reported net income of $783,000 on $46.4 million of revenues, or $0.03 per basic and fully diluted share. For the three months ended September 30, 2009, Radiant reported net income of $116,000 on $34.0 million of revenues, or $0.00 per basic and fully diluted share.
The Company also reported adjusted EBITDA (earnings before interest, taxes, depreciation amortization), of $1,709,000 for the three months ended September 30, 2010, compared to adjusted EBITDA of $722,000 for the comparable prior year period.
&;We are seeing encouraging trends with the improving economy and glad to see the benefits of our scalable non-asset based business model beginning to show themselves,&; said Bohn Crain, Chairman and CEO. &;For the quarter ended September 30, 2010, our revenues increased 36.2% to $46.4 million as compared to $34.0 million for the comparable prior year period. Net transportation revenues also increased 33.8% to $14.1 million as compared to $10.5 million for the comparable prior year period. We often talk about our business in terms of people, process and technology. Our ability to leverage our personnel and general administrative costs as a function of our net revenues is what will really allow us to drive profitable growth. We continue to make gains in this area through technology and business process improvements that are creating operating efficiencies across the network. As a percentage of net revenues, our personnel costs decreased from 13.5% to 11.0%. Our selling, general and administrative costs, as a percentage of net revenues, decreased from 10.4% to 7.5%. We are very excited about these trends and the anticipated margin expansion available to us as we continue to execute our growth strategy.&;
Mr. Crain continued, &;As we look forward to the balance of our fiscal year ending June 30, 2011, we believe we remain well positioned to benefit from an improving economic environment and we are updating our prior guidance from $4.5 million on $158.0 million in annual revenues to $5.0 million in adjusted EBITDA on $165.0 million in annual revenues, or approximately $0.07 per basic and diluted share. This is before considering the impact of any future acquisitions or organic network expansion. Looking forward, our strategy remains unchanged. From our current platform, we believe profitable growth can be best achieved by continuing to bring value to the agent-based forwarder community and continuing to execute our three-prong strategy of first, providing continuous improvement to our existing network participants in terms of technology, buy rates and enhanced service offerings; second, building upon the success of our organic growth initiative by on-boarding additional agent stations; and third, opportunistically pursuing acquisition opportunities, including strategic opportunities within the community of agent-based forwarders.&;
Mr. Crain concluded, &;Although we have seen some recent appreciation in our stock price, at approximately 7.0x this year&;s projected earnings per share, our stock trades at a significant discount to our competitors. We would also like to remind investors that our free cashflow is generally higher than our net income because we have significant non-cash depreciation and amortization expenses flowing through our financial statements as a result of the mechanics of accounting for acquisitions and the fact that we have minimal maintenance capital expenditure requirements.&;
Supplemental Pro Forma Information
We believe that supplemental disclosure of our adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization adjusted for stock-based compensation, goodwill impairment and other non-cash costs is a useful measure for investors because it eliminates the effect of certain non-cash costs and provides an important metric for our business. Adjusted EBITDA is a non-GAAP measure of income. A reconciliation of adjusted EBITDA amounts to net income, the most directly comparable GAAP measure, for the three months ended September 30, 2010 and 2009 is shown below:
Historical Results
THREE MONTHS ENDED
(Amounts in 000's) SEPTEMBER 30,
2010 2009
Net income $ 783 $ 116
Income tax expense 506 71
Interest expense – net 36 55
Depreciation and amortization 325 410
EBITDA 1,650 652
Share-based compensation and other non-cash charges 59 70
Adjusted EBITDA $ 1,709 $ 722
This supplemental pro forma financial information is presented for informational purposes only and is not a substitute for the historical financial information presented in accordance with accounting principles generally accepted in the United States. A reconciliation of adjusted EBITDA amounts to net income, the most directly comparable GAAP measure, for the fiscal year ending June 30, 2011 is shown below:
Financial Outlook
(Amounts in 000's)
Outlook Actual
Fiscal Year Fiscal Year
Ended June 30, Ended June 30,
2011 2010
Net income $ 2,200 $ 1,959
Income tax expense 1,349 1,093
Interest expense – net 200 135
Depreciation and amortization 1,119 1,598
EBITDA 4,868 4,785
Stock-based compensation and other non-cash
charges 132 315
Gain on extinguishment of debt - (135)
Business & Occupancy tax refund - (364)
Gain on litigation settlement - (355)
Adjusted EBITDA $ 5,000 $ 4,246
Investor Conference Call
Radiant will host a conference call for shareholders and the investing community on Friday, November 12, 2010 at 4:00pm, ET to discuss the contents of the release. The call can be accessed by dialing (877) 407-8031, or (201) 689-8031 for international participants, and is expected to last approximately 30 minutes. Callers are requested to dial in 5 minutes before the start of the call. An audio replay will be available for one week after the teleconference by dialing (877) 660-6853, or (201) 612-7415 for international callers, and using account number 286 and conference ID number 360912. The call will also be webcast and may be accessed via Radiant&;s web site at http://radiantdelivers.com or through www.InvestorCalendar.com.
About Radiant Logistics (OTC BB: RLGT)
Radiant Logistics (www.radiantdelivers.com) is a non-asset based logistics company providing domestic and international freight forwarding and related services through a network of approximately 70 company owned and exclusive agent offices across North America. Operating under the Airgroup, Adcom Worldwide and Radiant Logistics brands, the company services a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world. For more information about Radiant Logistics, please contact Bohn Crain at (425) 943-4599.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future operating performance, events, trends and plans. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as &;may,&; &;will,&; &;expects,&; &;intends,&; &;plans,&; &;projects,&; &;estimates,&; &;anticipates,&; or &;believes&; or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause our actual results to differ from our expectations, include but are not limited to, our ability to: use our current infrastructure as a &;platform&; upon which we can build a profitable global transportation and supply chain management company; retain and build upon the relationships we have with our exclusive agency offices; continue the development of our back office infrastructure and transportation and accounting systems in a manner sufficient to service our expanding revenues and base of exclusive agency locations; continue growing our business and maintain historical or increased gross profit margins; locate suitable acquisition opportunities; secure the financing necessary to complete any acquisition opportunities we locate; assess and respond to competitive practices in the industries in which we compete, mitigate, to the best extent possible, our dependence on current management and certain of our larger exclusive agency locations; assess and respond to the impact of current and future laws and governmental regulations affecting the transportation industry in general and our operations in particular; as well as those risk factors disclosed in Item 1A of our Report on Form 10 K for the year ended June 30, 2010 other filings with the Securities and Exchange Commission and other public documents and press releases which can be found on our web-site (www.radiantdelivers.com). Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. Such statements are not guarantees of future performance or events and we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances occurring after the date hereof.
RADIANT LOGISTICS, INC.
Consolidated Balance Sheets
September 30, June 30,
2010 2010
ASSETS
Current assets -
Cash and cash equivalents $ 900,219 $ 682,108
Accounts receivable, net of allowance
of $600,118 and $626,401 respectively 23,770,163 21,442,023
Current portion of employee loan receivable 13,600 13,100
Current portion of station and other
receivables 104,947 195,289
Prepaid expenses and other current assets 1,094,858 1,104,211
Deferred tax asset 373,791 402,428
Total current assets 26,257,578 23,839,159
Furniture and equipment, net 879,907 881,416
Acquired intangibles, net 1,774,374 2,019,757
Goodwill 1,011,310 982,788
Employee loan receivable, net of current
portion 38,000 38,000
Station and other receivables, net of current
portion 163,614 151,160
Investment in real estate 40,000 40,000
Deposits and other assets 183,134 153,116
Deferred tax asset – long term 253,099 106,023
Total long term assets 3,463,531 3,490,844
Total assets $ 30,601,016 $ 28,211,419
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities -
Accounts payable and accrued transportation
costs $ 16,951,221 $ 16,004,814
Commissions payable 2,681,013 2,119,503
Other accrued costs 661,335 538,854
Income taxes payable 308,090 76,309
Due to former Adcom shareholder 555,977 603,205
Total current liabilities 21,157,636 19,342,685
Long term debt 7,741,719 7,641,021
Other long term liabilities 487,965 439,905
Total long term liabilities 8,229,684 8,080,926
Total liabilities 29,387,320 27,423,611
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000,000
shares authorized; no shares issued or
outstanding - -
Common stock, $0.001 par value, 50,000,000
shares authorized. Issued and outstanding:
September 30, 2010 – 29,894,421; June 30,
2010 – 31,273,461 16,157 16,157
Additional paid-in capital 8,163,178 8,108,239
Treasury stock, at cost, 4,807,539 and
3,428,499 shares, respectively (1,354,087) (936,190)
Retained deficit (5,684,003) (6,466,946)
Total Radiant Logistics, Inc. stockholders'
equity 1,141,245 721,260
Non-controlling interest 72,451 66,548
Total stockholders' equity 1,213,696 787,808
Total liabilities and stockholders' equity $ 30,601,016 $ 28,211,419
RADIANT LOGISTICS, INC.
Consolidated Statements of Income (Operations)
THREE MONTHS ENDED
SEPTEMBER 30,
2010 2009
Revenue $ 46,361,057 $ 34,028,336
Cost of transportation 32,242,361 23,479,447
Net revenues 14,118,696 10,548,889
Agent commissions 9,832,460 7,455,206
Personnel costs 1,557,160 1,422,397
Selling, general and administrative expenses 1,063,282 1,096,273
Depreciation and amortization 325,258 409,781
Total operating expenses 12,778,160 10,383,657
Income from operations 1,340,536 165,232
Other income (expense):
Interest income 5,809 1,184
Interest expense (42,242) (56,508)
Other 26,286 98,309
Total other income (expense) (10,147) 42,985
Income before income tax expense 1,330,389 208,217
Income tax expense (505,543) (71,127)
Net income 824,846 137,090
Less: Net income attributable to non- controlling
interest (41,903) (21,040)
Net income attributable to Radiant Logistics, Inc. $ 782,943 $ 116,050
Net income per common share – basic $ .03 $ .00
Net income per common share – diluted $ .03 $ .00
Weighted average shares outstanding:
Basic shares 30,471,061 33,367,940
Diluted shares 30,723,861 33,548,186
RADIANT LOGISTICS, INC.
Reconciliation of EBITDA to Net Income and Net Cash Provided By Operating
Activities
(UNAUDITED)
As used in this report, adjusted EBITDA means earnings before interest,
income taxes, depreciation and amortization adjusted for stock-based
compensation and other non-cash charges. We believe that adjusted EBITDA, as
presented, represents a useful method of assessing the performance of our
operating activities, as it reflects our earnings trends without the impact
of certain non-cash charges. Adjusted EBITDA is also used by our creditors
in assessing debt covenant compliance. We understand that although
securities analysts frequently use EBITDA in their evaluation of companies,
it is not necessarily comparable to other similarly titled captions of other
companies due to potential inconsistencies in the method of calculation.
EBITDA is not intended as an alternative to cash flow provided by operating
activities as a measure of liquidity, as an alternative to net income as an
indicator of our operating performance, nor as an alternative to any other
measure of performance in conformity with accounting principles generally
accepted in the United States of America.
The following is a reconciliation of adjusted EBITDA to both net income and
cash flow provided by operating activities:
THREE MONTHS ENDED
SEPTEMBER 30,
2010 2009
Adjusted EBITDA $ 1,708,980 $ 721,865
Stock-based compensation and other non-cash
charges (58,803) (69,583)
EBITDA 1,650,177 652,282
Depreciation and amortization (325,258) (409,781)
Interest expense, net (36,433) (55,324)
Income tax expense (505,543) (71,127)
Net income 782,943 116,050
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH
PROVIDED BY (USED FOR) OPERATING ACTIVITIES:
Non-cash compensation expense (stock options) 54,939 54,207
Amortization of intangibles 245,383 308,324
Deferred income tax benefit (118,439) (60,063)
Depreciation and leasehold amortization 79,875 101,457
Change in non-controlling interest of
subsidiary 41,903 21,040
Provision for doubtful accounts (26,283) 105,413
CHANGE IN OPERATING ASSETS AND LIABILITIES:
Accounts receivable (2,301,857) (2,165,750)
Employee loan receivable (500) 2,000
Station and other receivables 77,888 172,947
Prepaid expenses and other assets (20,665) (135,004)
Accounts payable & accrued transportation costs 946,407 821,616
Commissions payable 561,510 441,713
Other accrued costs 122,481 (209,450)
Other long-term liabilities 48,060 -
Income taxes payable 231,781 -
Income tax deposit - 129,208
Total adjustments (57,517) (412,342)
Net cash provided by (used for) operating
activities $ 725,426 $ (296,292 )
SOURCE Radiant Logistics, Inc.
RLGT.. $0.38 Insider stock purchases...
There has been what seems to be an open checkbook to buy shares of RLGT during the past 2 years.. I would also point out the fortunes of the company and the price of the stock have gotten better after each purchase,.. Seems like good coattails to follow.. hank
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