Recent Insider Transactions • Jun 11
Senior VP recently sold €105k worth of stock On the 9th of June, Todd Macomber sold around 13k shares on-market at roughly €8.05 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €364k. Todd has been a net seller over the last 12 months, reducing personal holdings by €646k. Buy Or Sell Opportunity • Jun 04
Now 23% undervalued Over the last 90 days, the stock has risen 16% to €6.95. The fair value is estimated to be €8.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 4.9% in a year. Earnings are forecast to decline by 7.4% in the next year. New Risk • May 31
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €409k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€409k sold). Recent Insider Transactions • May 31
Senior VP recently sold €364k worth of stock On the 28th of May, Todd Macomber sold around 50k shares on-market at roughly €7.27 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Todd has been a net seller over the last 12 months, reducing personal holdings by €540k. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Kristin Smith was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 05
Radiant Logistics, Inc., Annual General Meeting, Nov 13, 2025 Radiant Logistics, Inc., Annual General Meeting, Nov 13, 2025. Announcement • May 06
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Universal Logistics Inc. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Universal Logistics Inc. on May 5, 2025. Following the acquisition, Universal will continue to operate under the Airgroup brand and is expected to transition to the Radiant brand over the course of 2025.
Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Universal Logistics Inc. on May 5, 2025. Announcement • Apr 02
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired USA Logistics Services, Inc. and USA Carrier Services, LLC. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired USA Logistics Services, Inc. and USA Carrier Services, LLC on April 1, 2025. Mike Boyce will assume the role of General Manager for the newly combined organization reporting to Tim O'Brien, SVP and General Manager of Radiant' s U.S. forwarding operations.
Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of USA Logistics Services, Inc. and USA Carrier Services, LLC on April 1, 2025. Announcement • Mar 04
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Transcon Shipping Co., Inc. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Transcon Shipping Co., Inc. on March 3, 2025. The expected purchase price is payable in subsequent periods based on the future performance of the acquired operations. For the period ending December 31, 2024, Transcon Shipping Co., Inc. reported total revenue of $75 million and EBITDA of $4 million.
Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Transcon Shipping Co., Inc. on March 3, 2025. Reported Earnings • Nov 13
First quarter 2025 earnings released: EPS: US$0.072 (vs US$0.055 in 1Q 2024) First quarter 2025 results: EPS: US$0.072 (up from US$0.055 in 1Q 2024). Revenue: US$203.6m (down 3.4% from 1Q 2024). Net income: US$3.38m (up 29% from 1Q 2024). Profit margin: 1.7% (up from 1.2% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€61k sold). Announcement • Oct 03
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Focus Logistics Inc. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Focus Logistics Inc. on October 2, 2024.
Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Focus Logistics Inc. on October 2, 2024. Recent Insider Transactions • Oct 02
Senior VP & Chief Commercial Officer recently sold €61k worth of stock On the 30th of September, Arnold Goldstein sold around 11k shares on-market at roughly €5.75 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €124k more than they bought in the last 12 months. Reported Earnings • Sep 13
Full year 2024 earnings released: EPS: US$0.16 (vs US$0.43 in FY 2023) Full year 2024 results: EPS: US$0.16 (down from US$0.43 in FY 2023). Revenue: US$802.5m (down 26% from FY 2023). Net income: US$7.69m (down 63% from FY 2023). Profit margin: 1.0% (down from 1.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 04
Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2024 Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2024. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Kristin Smith was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 08
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Operations of DVA Associates, Inc. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Operations of DVA Associates, Inc. on June 6, 2024.Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Operations of DVA Associates, Inc. on June 6, 2024. Reported Earnings • May 10
Third quarter 2024 earnings released: US$0.015 loss per share (vs US$0.087 profit in 3Q 2023) Third quarter 2024 results: US$0.015 loss per share (down from US$0.087 profit in 3Q 2023). Revenue: US$184.6m (down 24% from 3Q 2023). Net loss: US$703.0k (down 117% from profit in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 24
Senior VP & Chief Commercial Officer recently sold €63k worth of stock On the 20th of March, Arnold Goldstein sold around 12k shares on-market at roughly €5.09 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 09
Second quarter 2024 earnings released: EPS: US$0.021 (vs US$0.10 in 2Q 2023) Second quarter 2024 results: EPS: US$0.021 (down from US$0.10 in 2Q 2023). Revenue: US$201.1m (down 28% from 2Q 2023). Net income: US$985.0k (down 80% from 2Q 2023). Profit margin: 0.5% (down from 1.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jan 09
Radiant Logistics Promotes Jaime Becker to Senior Vice President and General Counsel Radiant Logistics, Inc. announced the promotion of Jaime Becker to Senior Vice President and General Counsel. Ms. Becker, age 43, brings with her over a decade of experience in supporting both publicly and privately held domestic and international companies in the technology, logistics, construction, and oil and gas industries. Ms. Becker was a part of the legal team at Amazon, followed most recently by her role at Convoy. Ms. Becker holds a Bachelor of Arts degree from Pepperdine University and a Juris Doctorate from Pepperdine University School of Law. She will be stepping into the role following the departure of John Sobba, 67, who had been with Radiant serving as General Counsel since 2018. Announcement • Dec 23
Radiant Logistics, Inc. Announces Executive Changes On December 22, 2023, Radiant Logistics, Inc. announced the departure of John W. Sobba, its Senior Vice President and General Counsel. On December 22, 2023, the Company appointed Jaime Becker, to serve as its Senior Vice-President and General Counsel. Ms. Becker, age 43, brings with her over a decade of experience in supporting both publicly and privately held domestic and international companies in the technology, logistics, construction, and oil and gas industries. Ms. Becker was a part of the legal team at Amazon, followed most recently by her role at Convoy. Ms. Becker holds a Bachelor of Arts degree from Pepperdine University and a Juris Doctorate from Pepperdine University School of Law. Buying Opportunity • Dec 16
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to decline by 1.6% in a year. Earnings is forecast to grow by 2.4% in the next year. Reported Earnings • Nov 10
First quarter 2024 earnings released: EPS: US$0.055 (vs US$0.17 in 1Q 2023) First quarter 2024 results: EPS: US$0.055 (down from US$0.17 in 1Q 2023). Revenue: US$210.8m (down 36% from 1Q 2023). Net income: US$2.62m (down 69% from 1Q 2023). Profit margin: 1.2% (down from 2.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 07
Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2023 Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2023, at 09:00 US Eastern Standard Time. Location: Triton Towers Two, 700 S. Renton Village Place, Seventh Floor, Renton, Washington 98057 Renton Washington United States Agenda: To elect four directors to serve for the ensuing year as members of the Board of Directors of Radiant Logistics, Inc.; to ratify the appointment of Moss Adams LLP, as its independent registered public accounting firm for the fiscal year ending June 30, 2024; to approve, on an advisory basis, its executive compensation; and to transact such other business as may properly come before the Annual Meeting or at any continuation, postponement, or adjournment thereof. New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). New Risk • Sep 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • May 11
Third quarter 2023 earnings released: EPS: US$0.087 (vs US$0.29 in 3Q 2022) Third quarter 2023 results: EPS: US$0.087 (down from US$0.29 in 3Q 2022). Revenue: US$244.2m (down 47% from 3Q 2022). Net income: US$4.18m (down 71% from 3Q 2022). Profit margin: 1.7% (down from 3.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Logistics industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Radiant Logistics, Inc. announced delayed 10-Q filing On 02/09/2023, Radiant Logistics, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Nov 10
Radiant Logistics, Inc. announced delayed 10-Q filing On 11/09/2022, Radiant Logistics, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 06
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Operations of Cascade Enterprises of Minnesota, Inc. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Operations of Cascade Enterprises of Minnesota, Inc. on October 5, 2022.Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Operations of Cascade Enterprises of Minnesota, Inc. on October 5, 2022. Announcement • Oct 05
Radiant Receives NYSE Notice Regarding Its Late Form 10-K Filing Radiant Logistics, Inc. was unable to timely file its Annual Report on Form 10–K for the fiscal year ended June 30, 2022. As a result, it received a notice on September 29, 2022 from the New York Stock Exchange (the "NYSE") stating that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 1007 of the NYSE American Company Guide. In accordance with NYSE rules, the Company contacted the NYSE to discuss the status of the late filing. The noncompliance with the timely filing criteria under the NYSE American Company Guide has no immediate effect on the listing or trading of the Company's common stock on the NYSE. The NYSE has informed the Company that, under NYSE rules, the Company will have up to six months from the Form 10-K due date to file the Form 10-K with the SEC; however, under the NYSE American Company Guide, the NYSE retains discretion to accelerate the time within which the Company will be required to regain compliance with all applicable listing standards. The Company expects to regain compliance with the NYSE listing standards at any time prior to that date by filing its Form 10-K with the SEC. The Company expects to complete this filing within the next thirty days. Announcement • Sep 14
Radiant Logistics, Inc. announced delayed annual 10-K filing On 09/13/2022, Radiant Logistics, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Sep 02
Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2022 Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2022, at 09:00 Pacific Standard Time. Reported Earnings • May 11
Third quarter 2022 earnings released: EPS: US$0.29 (vs US$0.10 in 3Q 2021) Third quarter 2022 results: EPS: US$0.29 (up from US$0.10 in 3Q 2021). Revenue: US$460.9m (up 95% from 3Q 2021). Net income: US$14.3m (up 188% from 3Q 2021). Profit margin: 3.1% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 1.2% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Radiant Logistics, Inc. announced delayed 10-Q filing On 02/08/2022, Radiant Logistics, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Dec 07
Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Navegate, Inc. for $35 million. Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Navegate, Inc. for $35 million on December 3, 2021. Post-closing, Navegate will operate as a wholly owned subsidiary of Radiant Logistics, Inc. In September 30, 2021, Navegate reported a total revenues of $88 million and EBITDA of $5.9 million. Navegate, Inc. will continue to in the leadership of Joe Pelletier and Chad Bickett. Sima Griffith of Aethlon Capital, LLC acted as financial advisor to Navegate.
Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Navegate, Inc. on December 3, 2021. Announcement • Sep 16
Radiant Logistics, Inc. announced delayed annual 10-K filing On 09/14/2021, Radiant Logistics, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Sep 10
Full year 2021 earnings released: EPS US$0.46 (vs US$0.21 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$889.1m (up 4.0% from FY 2020). Net income: US$22.9m (up 118% from FY 2020). Profit margin: 2.6% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Director Kristin Smith was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to US$6.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Logistics industry in Europe. Total returns to shareholders of 94% over the past three years. Reported Earnings • Feb 11
Second quarter 2021 earnings released: EPS US$0.077 (vs US$0.052 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$218.8m (up 8.4% from 2Q 2020). Net income: US$3.81m (up 47% from 2Q 2020). Profit margin: 1.7% (up from 1.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 20%. Over the next year, revenue is expected to shrink by 5.1% compared to a 5.4% growth forecast for the Logistics industry in Germany. Is New 90 Day High Low • Feb 06
New 90-day high: €5.35 The company is up 22% from its price of €4.40 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: €5.00 The company is up 8.0% from its price of €4.64 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.16 per share. Recent Insider Transactions • Nov 17
Senior VP & Chief Commercial Officer recently sold €70k worth of stock On the 13th of November, Arnold Goldstein sold around 15k shares on-market at roughly €4.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €121k more than they bought in the last 12 months. Reported Earnings • Nov 11
First quarter 2021 earnings released: EPS US$0.062 The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: US$175.9m (down 12% from 1Q 2020). Net income: US$3.09m (down 4.5% from 1Q 2020). Profit margin: 1.8% (up from 1.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is forecast to decline by -8.3% while the growth in Logistics industry in Germany is expected to stay flat. Reported Earnings • Sep 29
Full year earnings released - EPS €0.21 Over the last 12 months the company has reported total profits of US$10.5m, down 23% from the prior year. Total revenue was US$855.2m over the last 12 months, down 3.9% from the prior year. Profit margins were 1.2%, which is in line with last year. Announcement • Jul 04
Radiant Logistics, Inc.(AMEX:RLGT) dropped from Russell Microcap Growth Index Radiant Logistics, Inc.(AMEX:RLGT) dropped from Russell Microcap Growth Index Announcement • Jul 03
Radiant Logistics, Inc.(AMEX:RLGT) dropped from Russell 2000 Growth-Defensive Index Radiant Logistics, Inc.(AMEX:RLGT) dropped from Russell 2000 Growth-Defensive Index