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Mar 31, 2020
Radiant Logistics Q3 2020 Earnings Report
Radiant Logistics experienced a global and industry-wide impact of the COVID-19 pandemic and management pivoted to respond to global reduction in shipping activity.
Key Takeaways
Radiant Logistics reported a decrease in revenue to $177.2 million compared to $206.0 million in the prior year period. Net income attributable to common stockholders was $0.1 million, or $0.00 per share, compared to $2.9 million, or $0.06 per share in the prior year period. Adjusted net income was $4.0 million, or $0.08 per share, compared to $5.6 million, or $0.11 per share in the prior year period. Adjusted EBITDA was $6.1 million compared to $8.4 million for the comparable prior year period.
Revenues reported at $177.2 million, compared to revenues of $206.0 million for the comparable prior year period.
Net income attributable to common stockholders reported at $0.1 million, or $0.00 per share, compared to $2.9 million, or $0.06 per share for the comparable prior year period.
Adjusted net income attributable to common stockholders reported at $4.0 million, or $0.08 per share, compared to adjusted net income attributable to common stockholders of $5.6 million, or $0.11 per share for the comparable prior year period.
Adjusted EBITDA reported at $6.1 million, compared to adjusted EBITDA of $8.4 million for the comparable prior year period.
Radiant Logistics
Radiant Logistics
Forward Guidance
The impact of COVID-19 will likely continue to have an adverse effect on our financial results for the foreseeable future.