RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE THIRD FISCAL QUARTER ENDED MARCH 31, 2025
PR Newswire
RENTON, Wash., May 12, 2025
Continues to deliver solid financial results in face of continued market headwinds;
Further progress in green-field and strategic operating partner acquisitions;
Well positioned to navigate impacts of recently announced tariffs
with low leverage and diversified service offering
RENTON, Wash., May 12, 2025 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today reported financial results for the three and nine months ended March 31, 2025.
Financial Highlights -- Three Months Ended March 31, 2025
-- Revenues of $214.0 million for the third fiscal quarter ended March 31,
2025, up $29.4 million or 15.9%, compared to revenues of $184.6 million
for the comparable prior year period.
-- Gross profit of $54.5 million for the third fiscal quarter ended March
31, 2025, up $5.7 million or 11.7%, compared to gross profit of $48.8
million for the comparable prior year period.
-- Adjusted gross profit, a non-GAAP financial measure, of $58.2 million for
the third fiscal quarter ended March 31, 2025, up $5.1 million or 9.6%,
compared to adjusted gross profit of $53.1 million for the comparable
prior year period.
-- Net income attributable to Radiant Logistics, Inc. of $2.5 million, or
$0.05 per basic and fully diluted share for the third fiscal quarter
ended March 31, 2025, up $3.2 million or 457.1%, compared to net loss
attributable to Radiant Logistics, Inc. of $0.7 million, or $0.02 loss
per basic and fully diluted share for the comparable prior year period.
-- Adjusted net income, a non-GAAP financial measure, of $6.9 million, or
$0.15 per basic and $0.14 per fully diluted share for the third fiscal
quarter ended March 31, 2025, up $3.3 million or 91.7%, compared to
adjusted net income of $3.6 million, or $0.08 per basic and fully diluted
share for the comparable prior year period.
-- Adjusted EBITDA, a non-GAAP financial measure, of $9.4 million for the
third fiscal quarter ended March 31, 2025, up $4.2 million or 80.8%,
compared to adjusted EBITDA of $5.2 million for the comparable prior year
period.
-- Adjusted EBITDA margin (adjusted EBITDA expressed as a percentage of
adjusted gross profit), a non-GAAP financial measure, up to 16.2% or 640
basis points, for the third fiscal quarter ended March 31, 2025, compared
to adjusted EBITDA margin of 9.8% for the comparable prior year period.
Acquisition Update
Effective March 1, 2025, the Company acquired Transcon Shipping Co., Inc. ("Transcon"), a California-based, privately held company that combines decades of excellence in ocean freight forwarding services with a complementary portfolio of air freight and other transportation services from strategic gateway locations in Los Angeles, New York and Chicago.
Effective April 1, 2025, the Company acquired USA Logistics Services, Inc. and USA Carrier Services, LLC (collectively, "USA Logistics"), both Philadelphia, Pennsylvania based, privately held companies that have operated as part of the Company's Service By Air brand since 2014.
Effective May 1, 2025, the Company acquired Universal Logistics, Inc., a Texas based, privately held company with operations in Houston that has operated under the Company's Airgroup brand since 2001.
The Company structured each of these transactions similar to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the achievement of certain integration milestones and the future performance of the acquired operations.
CEO Bohn Crain Comments on Results
"With the benefit of our diverse service offering, we continue to deliver solid financial results and generated $9.4 million in adjusted EBITDA for our third fiscal quarter ended March 31, 2025, which is up $4.2 million and just over 80% relative to the comparable prior year period," said Bohn Crain, Founder and CEO of Radiant Logistics. "The comparable year-over-year improvement in adjusted EBITDA was driven through a combination of improvements in our base business operations along with contributions from our recent acquisitions. For the quarter ended March 31, our legacy U.S. operations generated $1.5 million in incremental adjusted EBITDA while our legacy Canadian operations generated $0.5 million in incremental adjusted EBITDA. An additional $2.0 million in adjusted EBITDA for the quarter ended March is driven principally by our green-field acquisitions of Seattle-based Cascade Transportation (June 2024), Houston-based Foundation Logistics and Services (September 2024), St. Louis-based TCB Transportation (December 2024), and Los Angeles-based Transcon Shipping (March 2025) along with the conversion of our strategic operating partner, Miami-based Select Logistics (February 2024).
Notwithstanding these strong results for the quarter ended March 31, 2025, we expect some near-term volatility in our results tied to the ebb and flow of the ongoing U.S. negotiations around trade and tariffs and estimate that approximately 25-30% of gross margins for the March quarter would have been impacted by the recently announced tariffs. With that said, we also expect that any near-term slowdown will likely result in a corresponding bullwhip effect, with a surge in global trade as these tariff disputes are brought to rest and are encouraged by the de-escalation of U.S - China trade tensions that occurred over the weekend. In any event, we intend to remain nimble in response to any tariff announcements by the U.S. administration and continue to support our customers in navigating these quickly evolving markets and executing thoughtful supply chain strategies for competitive advantage."
Mr. Crain continued, "As previously discussed, we believe we are well positioned with a durable business model, diverse service offering and strong balance sheet to navigate through a slower freight market. We continue to enjoy a strong balance sheet with approximately $19.0 million of cash on hand as of March 31, 2025, and only $15.0 million drawn on our $200.0 million credit facility. At the same time, we remain focused on the longer term, staying true to our strategy to deliver profitable growth through a combination of organic and acquisition initiatives, while thoughtfully re-levering our balance sheet through a combination of strategic operating partner conversions, synergistic tuck-in acquisitions, and stock buy-backs. Through this approach we believe, over time, we will continue to deliver meaningful value for our shareholders, operating partners, and the end customers that we serve. We made good progress in this regard over this last quarter with the acquisition of California-based Transcon Shipping, the conversion of our Pennsylvania-based strategic operating partner (USA Logistics and USA Carriers) which is being combined with our existing Radiant operation in Philadelphia and the conversion of our Texas-based strategic operating partner (Universal Logistics) which is being combined with our existing Radiant operation in Houston. We believe these three transactions are representative of our broader pipeline of opportunities which includes both green-field acquisitions (i.e. companies not currently part of our network) as well as acquisition opportunities inherent in our agent-based network where we can support our current operating partners in their exit strategies."
Three Months Ended March 31, 2025 -- Financial Results
For the three months ended March 31, 2025, the Company reported net income attributable to Radiant Logistics, Inc. of $2.5 million on $214.0 million of revenues, or $0.05 per basic and fully diluted share. For the three months ended March 31, 2024, the Company reported net loss attributable to Radiant Logistics, Inc. of $0.7 million million on $184.6 million of revenues, or $0.02 loss per basic and fully diluted share.
For the three months ended March 31, 2025, the Company reported adjusted net income, a non-GAAP financial measure, of $6.9 million, or $0.15 per basic and $0.14 per fully diluted share. For the three months ended March 31, 2024, the Company reported adjusted net income of $3.6 million, or $0.08 per basic and fully diluted share.
For the three months ended March 31, 2025, the Company reported adjusted EBITDA, a non-GAAP financial measure, of $9.4 million, compared to $5.2 million for the comparable prior year period.
Nine Months Ended March 31, 2025 -- Financial Results
For the nine months ended March 31, 2025, the Company reported net income attributable to Radiant Logistics, Inc. of $12.4 million on $682.1 million of revenues, or $0.26 per basic and $0.25 per fully diluted share. For the nine months ended March 31, 2024, the Company reported net income attributable to Radiant Logistics, Inc. of $2.9 million on $596.4 million of revenues, or $0.06 per basic and fully diluted share.
For the nine months ended March 31, 2025, the Company reported adjusted net income, a non-GAAP financial measure, of $25.5 million, or $0.54 per basic and $0.52 per fully diluted share. For the nine months ended March 31, 2024, the Company reported adjusted net income of $15.6 million, or $0.33 per basic and $0.32 per fully diluted share.
For the nine months ended March 31, 2025, the Company reported adjusted EBITDA, a non-GAAP financial measure, of $30.9 million, compared to $22.1 million for the comparable prior year period.
Earnings Call and Webcast Access Information
Radiant Logistics, Inc. will host a conference call on Monday, May 12, 2025 at 4:30 PM Eastern to discuss the contents of this release. The conference call is open to all interested parties, including individual investors and press. Bohn Crain, Founder and CEO will host the call.
Conference Call Details
DATE/TIME: Monday, May 12, 2025 at 4:30 PM Eastern
DIAL-IN US (877) 545-0320; Intl. (973) 528-0002 (Participant Access Code:
833610)
REPLAY May 13, 2025 at 9:30 AM Eastern to May 26, 2025 at 4:30 PM
Eastern, US (877) 481-4010; Intl. (919) 882-2331 (Replay ID
number: 52436)
Webcast Details
This call is also being webcast and may be accessed via Radiant's web site at www.radiantdelivers.com or at https://www.webcaster4.com/Webcast/Page/2191/52436
About Radiant Logistics (NYSE American: RLGT)
Radiant Logistics, Inc. (www.radiantdelivers.com) operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics solutions primarily to customers in the United States and Canada. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding and freight brokerage services to a diversified account base including manufacturers, distributors and retailers, which it supports from an extensive network of company and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management and technology services.
This report contains "forward-looking statements" within the meaning set forth in United States securities laws and regulations -- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as "anticipate," "believe," "estimates," "expect," "future," "intend," "may," "plan," "see," "seek," "strategy," or "will" or the negative thereof or any variation thereon or similar terminology or expressions. 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. We have developed our forward-looking statements based on management's beliefs and assumptions, which in turn rely upon information available to them at the time such statements were made. Such forward-looking statements reflect our current perspectives on our business, future performance, existing trends and information as of the date of this report. These include, but are not limited to, our beliefs about future revenue and expense levels, growth rates, prospects related to our strategic initiatives and business strategies, along with express or implied assumptions about, among other things: our continued relationships with our strategic operating partners; the performance of our historic business, as well as the businesses we have recently acquired, at levels consistent with recent trends and reflective of the synergies we believe will be available to us as a result of such acquisitions; our ability to successfully integrate our recently acquired businesses; our ability to locate suitable acquisition opportunities and secure the financing necessary to complete such acquisitions; transportation costs remaining in-line with recent levels and expected trends; our ability to mitigate, to the best extent possible, our dependence on current management and certain larger strategic operating partners; our compliance with financial and other covenants under our indebtedness; the absence of any adverse laws or governmental regulations affecting the transportation industry in general, and our operations in particular; our ability to continue to respond to macroeconomic factors that have recently had a negative effect on worldwide freight markets; the impact of any health pandemic or environmental event on our operations and financial results; continued disruptions in the global supply chain; higher inflationary pressures particularly surrounding the costs of fuel, labor, and other components of our operations; potential adverse legal, reputational and financial effects on the Company resulting from the cybersecurity incident that we reported in March 2024 or future cyber incidents and the effectiveness of the Company's business continuity plans in response to cyber incidents; the commercial, reputational and regulatory risks to our business that may arise as a consequence of our inability to remediate during fiscal year 2024 a material weakness in our internal controls over financial reporting, and the further risks that may arise should we be unable to remediate that material weakness during fiscal year 2025; and such other factors that may be identified from time to time in our U.S Securities and Exchange Commission ("SEC") filings and other public announcements including those set forth under the caption "Risk Factors" in Part 1 Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. We disclaim any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
RADIANT LOGISTICS, INC.
Condensed Consolidated Balance Sheets
March 31, June 30,
(In thousands, except share and per share
data) 2025 2024
------------- ---------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 19,041 $ 24,874
Accounts receivable, net of allowance of
$2,029 and $2,103, respectively 134,730 118,016
Contract assets 6,596 7,615
Income tax receivable 759 3,133
Prepaid expenses and other current assets 9,117 10,567
--------- --------
Total current assets 170,243 164,205
--------- --------
Property, technology, and equipment, net 23,559 25,558
--------- --------
Goodwill 115,385 93,043
Intangible assets, net 47,785 34,943
Operating lease right-of-use assets 55,242 49,850
Deposits and other assets 2,288 3,586
--------- --------
Total other long-term assets 220,700 181,422
--------- --------
Total assets $ 414,502 $ 371,185
========= ========
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 74,051 $ 73,558
Operating partner commissions payable 10,603 13,291
Accrued expenses 9,876 8,948
Current portion of operating lease
liabilities 12,484 11,629
Current portion of finance lease liabilities 566 643
Current portion of contingent consideration 6,193 455
Other current liabilities 603 1,927
--------- --------
Total current liabilities 114,376 110,451
--------- --------
Notes payable 15,000 --
Operating lease liabilities, net of current
portion 49,855 45,026
Finance lease liabilities, net of current
portion 1,036 677
Contingent consideration, net of current
portion 13,620 4,710
Deferred tax liabilities 2,088 812
Other long-term liabilities 210 --
--------- --------
Total long-term liabilities 81,809 51,225
--------- --------
Total liabilities 196,185 161,676
--------- --------
Equity:
Common stock, $0.001 par value, 100,000,000
shares authorized; 52,323,827 and
51,844,249 shares issued, and 47,159,161
and 46,808,943 shares outstanding,
respectively 34 33
Additional paid-in capital 110,224 110,763
Treasury stock, at cost, 5,164,666 and
5,035,306 shares, respectively (31,874) (31,166)
Retained earnings 145,662 133,278
Accumulated other comprehensive loss (5,808) (3,546)
--------- --------
Total Radiant Logistics, Inc. stockholders'
equity 218,238 209,362
Non-controlling interest 79 147
--------- --------
Total equity 218,317 209,509
--------- --------
Total liabilities and equity $ 414,502 $ 371,185
========= ========
RADIANT LOGISTICS, INC.
Condensed Consolidated Statements of Comprehensive Income
(unaudited)
Three Months Ended Nine Months Ended
March 31, March 31,
------------------------ --------------------------
(In thousands,
except share and
per share data) 2025 2024 2025 2024
----------- ----------- ----------- -------------
Revenues $ 214,007 $ 184,559 $ 682,116 $ 596,438
Operating
expenses:
Cost of
transportation
and other
services 155,832 131,438 503,082 420,495
Operating
partner
commissions 19,256 20,077 57,348 69,678
Personnel costs 20,450 19,416 59,627 58,803
Selling,
general and
administrative
expenses 9,739 9,994 30,894 29,987
Depreciation
and
amortization 4,936 4,540 14,779 13,430
Lease
termination
costs 210 -- 1,376 76
Change in fair
value of
contingent
consideration 250 -- (850) $(450.UK)$
---------- ---------- ---------- ------------
Total
operating
expenses 210,673 185,465 666,256 592,019
---------- ---------- ---------- ------------
Income (loss)
from
operations 3,334 (906) 15,860 4,419
---------- ---------- ---------- ------------
Other income
(expense):
Interest income 292 623 1,124 1,829
Interest
expense (303) (250) (851) (843)
Foreign
currency
transaction
gain 96 105 215 121
Change in fair
value of
interest rate
swap
contracts (291) (170) (1,032) (903)
Other 17 32 1,070 195
---------- ---------- ---------- ------------
Total other
income
(expense) (189) 340 526 399
---------- ---------- ---------- ------------
Income (loss)
before income
taxes 3,145 $(566.SI)$ 16,386 4,818
Income tax
expense (573) (49) (3,881) (1,467)
---------- ---------- ---------- ------------
Net income
(loss) 2,572 (615) 12,505 3,351
Less: net income
attributable to
non-controlling
interest (31) (88) (121) (447)
---------- ---------- ---------- ------------
Net income
(loss)
attributable to
Radiant
Logistics,
Inc. $ 2,541 $ (703) $ 12,384 $ 2,904
========== ========== ========== ============
Other
comprehensive
income (loss):
Foreign currency
translation
gain (loss) 9 (1,151) (2,262) (882)
---------- ---------- ---------- ------------
Comprehensive
income (loss) $ 2,581 $ (1,766) $ 10,243 $ 2,469
========== ========== ========== ============
Income (loss)
per share:
Basic $ 0.05 $ (0.02) $ 0.26 $ 0.06
Diluted $ 0.05 $ (0.02) $ 0.25 $ 0.06
Weighted average
common shares
outstanding:
Basic 47,073,339 46,963,845 46,911,231 47,084,645
Diluted 48,666,557 46,963,845 48,743,999 48,899,138
Reconciliation of Non-GAAP Measures
RADIANT LOGISTICS, INC.
Reconciliation of Gross Profit to Adjusted Gross Profit, Net Income Attributable to Radiant Logistics, Inc.
to Adjusted Net Income, EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
(unaudited)
As used in this report adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are not measures of financial performance or liquidity under United States Generally Accepted Accounting Principles ("GAAP"). Adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are presented herein because they are important metrics used by management to evaluate and understand the performance of the ongoing operations of Radiant's business. For adjusted net income, management uses a 24.5% tax rate to calculate the provision for income taxes to normalize Radiant's tax rate to that of its competitors and to compare Radiant's reporting periods with different effective tax rates. In addition, in arriving at adjusted net income, the Company adjusts for certain non-cash charges and significant items that are not part of regular operating activities. These adjustments include income taxes, depreciation and amortization, net interest expense, share-based compensation, change in fair value of contingent consideration, transition costs, lease termination costs, acquisition related costs, cybersecurity related costs, litigation costs, change in fair value of interest rate swap contracts, and gain on foreign currency transaction.
We commonly refer to the term "adjusted gross profit" when commenting about our Company and the results of operations. Adjusted gross profit is a non-GAAP measure calculated as revenues less directly related operations and expenses attributed to the Company's services. Adjusted gross profit is calculated as GAAP gross profit exclusive of depreciation and amortization, which are reported separately. We believe adjusted gross profit is a better measurement than are total revenues when analyzing and discussing the effectiveness of our business and is used as a portion of a key metric the Company uses to discuss its progress.
EBITDA is a non-GAAP measure of income and does not include the effects of interest, taxes, and the "non-cash" effects of depreciation and amortization on long-term assets. Companies have some discretion as to which elements of depreciation and amortization are excluded in the EBITDA calculation. We exclude all depreciation charges related to property, technology, and equipment and all amortization charges (including amortization of leasehold improvements). We then further adjust EBITDA to exclude share-based compensation, changes in fair value of contingent consideration, expenses specifically attributable to acquisitions, cybersecurity incident related costs, changes in fair value of interest rate swap contracts, lease termination costs, foreign currency transaction gains and losses, litigation expenses unrelated to our core operations, and other non-cash charges. While management considers EBITDA and adjusted EBITDA useful in analyzing our results, it is not intended to replace any presentation included in our condensed consolidated financial statements.
We believe that these non-GAAP financial measures, as presented, represent a useful method of assessing the performance of our operating activities, as they reflect our earnings trends without the impact of certain non-cash charges and other non-recurring charges. These non-GAAP financial measures are intended to supplement the GAAP financial information by providing additional insight regarding results of operations to allow a comparison to other companies, many of whom use similar non-GAAP financial measures to supplement their GAAP results. However, these non-GAAP financial measures will not be defined in the same manner by all companies and may not be comparable to other companies. Adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin should not be considered in isolation or as a substitute for any of the condensed consolidated statements of comprehensive income prepared in accordance with GAAP, or as an indication of Radiant's operating performance or liquidity.
(In thousands) Three Months Ended March 31, Nine Months Ended March 31,
---------------------------- ----------------------------
Reconciliation of
adjusted gross
profit to GAAP
gross profit 2025 2024 2025 2024
----------- ----------- ----------- -----------
Revenues $ 214,007 $ 184,559 $ 682,116 $ 596,438
Cost of
transportation
and other
services
(exclusive of
depreciation
and amortization,
shown separately
below) (155,832) (131,438) (503,082) (420,495)
Depreciation and
amortization (3,632) (4,370) (10,827) (10,908)
---------- ---------- ---------- ----------
GAAP gross profit $ 54,543 $ 48,751 $ 168,207 $ 165,035
Depreciation and
amortization 3,632 4,370 10,827 10,908
---------- ---------- ---------- ----------
Adjusted gross
profit $ 58,175 $ 53,121 $ 179,034 $ 175,943
========== ========== ========== ==========
GAAP gross profit
percentage 25.5% 26.4% 24.7% 27.7%
========== ========== ========== ==========
Adjusted gross
profit
percentage 27.2% 28.8% 26.2% 29.5%
========== ========== ========== ==========
(In thousands) Three Months Ended March 31, Nine Months Ended March 31,
---------------------------- ----------------------------
Reconciliation of
GAAP net income to
adjusted EBITDA 2025 2024 2025 2024
----------- ----------- ----------- -----------
Net income (loss)
attributable to
Radiant
Logistics, Inc. $ 2,541 $ (703) $ 12,384 $ 2,904
Income tax
expense 573 49 3,881 1,467
Depreciation and
amortization
(1) 4,936 4,654 14,893 13,773
Net interest
expense
(income) 11 (373) (273) (986)
---------- ---------- ---------- ----------
EBITDA 8,061 3,627 30,885 17,158
Share-based
compensation 470 951 (1,180) 2,526
Change in fair
value of
contingent
consideration 250 -- (850) (450)
Acquisition
related costs 179 129 364 450
Cybersecurity
event -- 266 -- 266
Litigation costs 33 170 454 1,275
Gain on
litigation
settlement -- -- (1,000) --
Lease termination
costs 210 -- 1,376 76
Change in fair
value of
interest rate
swap contracts 291 170 1,032 903
Foreign currency
transaction
gain (96) (105) (215) (121)
---------- ---------- ---------- ----------
Adjusted EBITDA $ 9,398 $ 5,208 $ 30,866 $ 22,083
========== ========== ========== ==========
Adjusted EBITDA
margin (adjusted
EBITDA as a % of
adjusted gross
profit) 16.2% 9.8% 17.2% 12.6%
(1) Depreciation and amortization for the purposes of calculating adjusted
EBITDA, a non-GAAP financial measure, includes depreciation expenses recognized
on certain computer software as a service.
(In thousands,
except share and
per share data) Three Months Ended March 31, Nine Months Ended March 31,
---------------------------- ----------------------------
Reconciliation of
GAAP net income to
adjusted net
income 2025 2024 2025 2024
----------- ----------- ----------- -----------
Net income (loss)
attributable to
Radiant
Logistics, Inc. $ 2,541 $ (703) $ 12,384 $ 2,904
Adjustments to net
income:
Income tax
expense 573 49 3,881 1,467
Depreciation and
amortization 4,936 4,540 14,779 13,430
Change in fair
value of
contingent
consideration 250 -- (850) (450)
Acquisition
related costs 179 129 364 450
Cybersecurity
event -- 266 -- 266
Litigation costs 33 170 454 1,275
Lease termination
costs 210 -- 1,376 76
Change in fair
value of
interest rate
swap contracts 291 170 1,032 903
Amortization of
debt issuance
costs 100 129 300 384
---------- ---------- ---------- ----------
Adjusted net
income before
income taxes 9,113 4,750 33,720 20,705
Provision for
income taxes at
24.5% (2,232) (1,164) (8,261) (5,073)
---------- ---------- ---------- ----------
Adjusted net
income $ 6,881 $ 3,586 $ 25,459 $ 15,632
========== ========== ========== ==========
Adjusted net
income per common
share:
Basic $ 0.15 $ 0.08 $ 0.54 $ 0.33
Diluted $ 0.14 $ 0.08 $ 0.52 $ 0.32
Weighted average
common shares
outstanding:
Basic 47,073,339 46,963,845 46,911,231 47,084,645
Diluted 48,666,557 46,963,845 48,743,999 48,899,138
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SOURCE Radiant Logistics, Inc.
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