New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$53k sold). Recent Insider Transactions • Apr 07
Senior VP recently sold US$53k worth of stock On the 31st of March, Todd Macomber sold around 8k shares on-market at roughly US$7.00 per share. This transaction amounted to 4.4% 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 US$206k. Reported Earnings • Feb 10
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: US$0.11 (down from US$0.14 in 2Q 2025). Revenue: US$232.1m (down 12% from 2Q 2025). Net income: US$5.31m (down 18% from 2Q 2025). Profit margin: 2.3% (down from 2.4% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 87%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Logistics industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 05
Senior VP & Chief Commercial Officer recently sold US$77k worth of stock On the 2nd of December, Arnold Goldstein sold around 12k shares on-market at roughly US$6.30 per share. This transaction amounted to 28% 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 US$600k more than they bought in the last 12 months. Reported Earnings • Nov 12
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$0.027 (down from US$0.072 in 1Q 2025). Revenue: US$226.7m (up 11% from 1Q 2025). Net income: US$1.29m (down 62% from 1Q 2025). Profit margin: 0.6% (down from 1.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to stay flat during the next 2 years compared to a 3.4% growth forecast for the Logistics industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Sep 22
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$952.3m to US$911.2m. EPS estimate also fell from US$0.39 per share to US$0.235 per share. Net income forecast to shrink 43% next year vs 11% growth forecast for Logistics industry in the US . Consensus price target down from US$9.33 to US$8.33. Share price fell 14% to US$5.95 over the past week. Recent Insider Transactions Derivative • Sep 18
Founder exercised options and sold US$70k worth of stock On the 15th of September, Bohn Crain exercised options to acquire 10k shares at no cost and sold these for an average price of US$6.88 per share. This trade did not impact their existing holding. For the year to June 2019, Bohn's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Bohn's direct individual holding has increased from 1.27m shares to 6.18m. Company insiders have collectively sold US$811k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Sep 16
Price target decreased by 15% to US$8.33 Down from US$9.75, the current price target is an average from 3 analysts. New target price is 36% above last closing price of US$6.15. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of US$0.20 for next year compared to US$0.37 last year. Announcement • Sep 05
Radiant Logistics, Inc., Annual General Meeting, Nov 13, 2025 Radiant Logistics, Inc., Annual General Meeting, Nov 13, 2025. Recent Insider Transactions • Jul 01
Senior VP recently sold US$154k worth of stock On the 27th of June, Todd Macomber sold around 25k shares on-market at roughly US$6.15 per share. This transaction amounted to 14% 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 US$381k. Recent Insider Transactions Derivative • Jun 29
Senior VP notifies of intention to sell stock Todd Macomber intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of June. If the sale is conducted around the recent share price of US$6.15, it would amount to US$154k. Since September 2024, Todd's direct individual holding has decreased from 210.80k shares to 181.70k. Company insiders have collectively sold US$645k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 19
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$887.9m to US$898.6m. EPS estimate increased from US$0.267 to US$0.30 per share. Net income forecast to grow 7.9% next year vs 14% growth forecast for Logistics industry in the US. Consensus price target of US$9.50 unchanged from last update. Share price was steady at US$6.19 over the past week. Reported Earnings • May 13
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.054 (up from US$0.015 loss in 3Q 2024). Revenue: US$214.0m (up 16% from 3Q 2024). Net income: US$2.54m (up US$3.24m from 3Q 2024). Profit margin: 1.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Logistics industry in the US. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 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. Buy Or Sell Opportunity • Apr 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to US$5.71. The fair value is estimated to be US$7.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 6.4% in a year. Earnings are forecast to grow by 17% in the next year. 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. Buy Or Sell Opportunity • Mar 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to US$6.51. The fair value is estimated to be US$8.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 6.4% in a year. Earnings are forecast to grow by 17% in the next year. 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. Recent Insider Transactions • Feb 21
Senior VP recently sold US$227k worth of stock On the 18th of February, Todd Macomber sold around 30k shares on-market at roughly US$7.58 per share. This transaction amounted to 14% 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 Todd's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Feb 19
Senior VP notifies of intention to sell stock Todd Macomber intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$7.58, it would amount to US$227k. Since June 2024, Todd's direct individual holding has increased from 197.75k shares to 211.70k. Company insiders have collectively sold US$344k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Feb 17
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$855.6m to US$886.2m. EPS estimate increased from US$0.25 to US$0.28 per share. Net income forecast to grow 14% next year vs 22% growth forecast for Logistics industry in the US. Consensus price target up from US$9.33 to US$9.67. Share price rose 3.5% to US$7.30 over the past week. Reported Earnings • Feb 11
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.14 (up from US$0.021 in 2Q 2024). Revenue: US$264.5m (up 32% from 2Q 2024). Net income: US$6.47m (up US$5.48m from 2Q 2024). Profit margin: 2.4% (up from 0.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Logistics industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Nov 22
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 (1.1% 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 (US$68k sold). Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$875.0m to US$855.6m. EPS estimate also fell from US$0.29 per share to US$0.25 per share. Net income forecast to grow 57% next year vs 26% growth forecast for Logistics industry in the US. Consensus price target up from US$8.83 to US$9.33. Share price fell 4.6% to US$7.11 over the past week. Reported Earnings • Nov 13
First quarter 2025 earnings: EPS in line with expectations, revenues disappoint 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 4.7% growth forecast for the Logistics industry in the US. 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 6% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Nov 11
Senior VP & Chief Commercial Officer exercised options and sold US$256k worth of stock On the 6th of November, Arnold Goldstein exercised 125.00k options at around US$4.58, then sold 88k of the shares acquired at an average of US$7.48 per share and kept the remainder. Since March 2024, Arnold's direct individual holding has increased from 10.58k shares to 48.94k. Company insiders have collectively sold US$376k more than they bought, via options and on-market transactions in the last 12 months. 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 (US$68k 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 US$68k worth of stock On the 30th of September, Arnold Goldstein sold around 11k shares on-market at roughly US$6.41 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 US$136k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Sep 19
Founder exercised options and sold US$62k worth of stock On the 15th of September, Bohn Crain exercised options to acquire 9k shares at no cost and sold these for an average price of US$6.63 per share. This trade did not impact their existing holding. For the year to June 2018, Bohn's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Bohn has owned 1.24m shares directly. Company insiders have collectively sold US$328k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Sep 13
Price target decreased by 8.6% to US$8.83 Down from US$9.67, the current price target is an average from 3 analysts. New target price is 33% above last closing price of US$6.63. Stock is up 11% over the past year. The company is forecast to post earnings per share of US$0.29 for next year compared to US$0.16 last year. Announcement • Sep 04
Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2024 Radiant Logistics, Inc., Annual General Meeting, Nov 15, 2024. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$6.17, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Logistics industry in the US. Total loss to shareholders of 4.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$3.75 per share. Buy Or Sell Opportunity • Jul 01
Now 47% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to US$5.46. The fair value is estimated to be US$3.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 6.8% in a year. Earnings are forecast to grow by 90% in the next year. 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. Buy Or Sell Opportunity • Jun 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.0% to US$5.69. The fair value is estimated to be US$4.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 6.8% in a year. Earnings are forecast to grow by 90% in the next year. 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. Major Estimate Revision • May 16
Consensus EPS estimates fall by 59% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$870.9m to US$805.0m. EPS estimate also fell from US$0.195 per share to US$0.08 per share. Net income forecast to grow 90% next year vs 13% growth forecast for Logistics industry in the US. Consensus price target of US$9.17 unchanged from last update. Share price was steady at US$5.06 over the past week. 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 5.3% growth forecast for the Logistics industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. Recent Insider Transactions • Mar 24
Senior VP & Chief Commercial Officer recently sold US$69k worth of stock On the 20th of March, Arnold Goldstein sold around 12k shares on-market at roughly US$5.53 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. Major Estimate Revision • Feb 28
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.19 to US$0.21. Revenue forecast steady at US$877.2m. Net income forecast to grow 20% next year vs 14% growth forecast for Logistics industry in the US. Consensus price target of US$9.50 unchanged from last update. Share price was steady at US$5.73 over the past week. Recent Insider Transactions Derivative • Feb 14
Senior VP & Chief Commercial Officer notifies of intention to sell stock Arnold Goldstein intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of February. If the sale is conducted around the recent share price of US$6.28, it would amount to US$78k. Since March 2023, Arnold's direct individual holding has increased from 12.40k shares to 22.99k. Company insiders have collectively sold US$143k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 10
Second quarter 2024 earnings: EPS and revenues miss analyst expectations 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 missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Logistics industry in the US. 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 5% 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. Reported Earnings • Nov 10
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind 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 missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Logistics industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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. Major Estimate Revision • Oct 04
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.13b to US$944.2m. EPS estimate fell from US$0.48 to US$0.11 per share. Net income forecast to shrink 72% next year vs 9.0% decline forecast for Logistics industry in the US. Consensus price target down from US$10.00 to US$9.67. Share price was steady at US$5.76 over the past week. Price Target Changed • Oct 02
Price target decreased by 7.9% to US$9.67 Down from US$10.50, the current price target is an average from 3 analysts. New target price is 67% above last closing price of US$5.80. Stock is down 1.4% over the past year. The company is forecast to post earnings per share of US$0.11 for next year compared to US$0.43 last year. Reported Earnings • Sep 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.43 (down from US$0.90 in FY 2022). Revenue: US$1.09b (down 26% from FY 2022). Net income: US$20.6m (down 54% from FY 2022). Profit margin: 1.9% (down from 3.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind 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 missed analyst estimates by 7.1%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is expected to decline by 7.0% p.a. on average during the next 2 years, while revenues in the Logistics industry in the US are expected to grow by 4.4%. 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 21% 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 • 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. Recent Insider Transactions Derivative • Jun 30
Founder exercised options and sold US$158k worth of stock On the 26th of June, Bohn Crain exercised 63.34k options at around US$1.53, then sold 31k of the shares acquired at an average of US$6.70 per share and kept the remainder. For the year to June 2016, Bohn's total compensation was 15% salary and 85% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2021, Bohn's direct individual holding has decreased from 1.15m shares to 1.09m. Company insiders have collectively sold US$309k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 11
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations 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. Revenue exceeded analyst estimates by 44%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Over the next year, revenue is expected to shrink by 1.2% compared to a 5.7% growth forecast for the industry in the US. 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 1% per year, which means it is significantly lagging earnings. Price Target Changed • May 08
Price target increased to US$12.50 Up from US$10.50, the current price target is provided by 1 analyst. New target price is 103% above last closing price of US$6.16. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$0.63 for next year compared to US$0.46 last year. 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 8% 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 15% share price gain to US$8.17, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Logistics industry in the US. Total returns to shareholders of 97% over the past three years. Recent Insider Transactions Derivative • Mar 04
Senior VP & CFO exercised options and sold US$218k worth of stock On the 26th of February, Todd Macomber exercised 101.16k options at around US$1.30, then sold 40k of the shares acquired at an average of US$6.77 per share and kept the remainder. Since September 2020, Todd's direct individual holding has increased from 209.37k shares to 211.16k. Company insiders have collectively sold US$353k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Feb 16
Analysts increase revenue estimates to US$792.1m The 2021 consensus revenue estimate increased from US$718.8m. Earning per share (EPS) estimate also increased from US$0.20 to US$0.27 for the same period. Net income is expected to grow by 46% next year compared to 46% growth forecast for the Logistics industry in the US. The consensus price target increased from US$7.50 to US$8.75. Share price is up 9.5% to US$7.39 over the past week. 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 26% per year. Price Target Changed • Feb 11
Price target raised to US$8.75 Up from US$7.67, the current price target is provided by 1 analyst. The new target price is 18% above the current share price of US$7.40. As of last close, the stock is up 48% over the past year. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 133%. Over the next year, revenue is expected to shrink by 13% compared to a 11% growth forecast for the Logistics industry in the US. Is New 90 Day High Low • Feb 09
New 90-day high: US$6.65 The company is up 15% from its price of US$5.77 on 10 November 2020. The American market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 4.0% over the same period. Price Target Changed • Dec 04
Price target raised to US$8.00 Up from US$7.33, the current price target is an average from 2 analysts. The new target price is 30% above the current share price of US$6.17. As of last close, the stock is up 17% over the past year. Is New 90 Day High Low • Nov 25
New 90-day high: US$6.00 The company is up 9.0% from its price of US$5.49 on 26 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Logistics industry, which is also up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.16 per share. Recent Insider Transactions • Nov 18
Senior VP & Chief Commercial Officer recently sold US$83k worth of stock On the 13th of November, Arnold Goldstein sold around 15k shares on-market at roughly US$5.68 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$140k more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is expected to shrink by 8.3% compared to a 8.3% growth forecast for the Logistics industry in the US. 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 10% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 05
Analysts lower EPS estimates to US$0.24 The 2021 consensus revenue estimate was lowered from US$761.8m to US$744.2m. Earning per share (EPS) estimate was also lowered from US$0.28 to US$0.24 for the same period. Net income is expected to grow by 14% next year compared to 10% growth forecast for the Logistics industry in the US. The consensus price target increased from US$7.33 to US$7.67. Share price is down by 3.1% to US$5.05 over the past week. Reported Earnings • Sep 29
Full year earnings released - EPS US$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. 