RLGT - Radiant Logistics rallies on FQ3 estimates beat

Radiant Logistics ([[RLGT]] +5.6%) reported FQ3 revenue growth of 33.5% Y/Y to $236.5M; whereas net revenue margin declined 300 bps to 24%.FQ3 margins as a % of net revenues: Operating increased 811 bps to 9.6%; EBITDA increased 809 bps to 18.9% and Adj. EBITDA too increased 1,000 bps to 22.7%.As of Mar. 31, Co. had $4.2M of cash and equivalents.Diversity of service offerings and low debt levels position the Company for continued success in scaling its non-asset based business model.In the months ahead, the Co. will continue to closely monitor how the economy are progressing and look forward to re-engaging in acquisition opportunities and stock buy-back activities as the opportunities present themselves.“We believe that our current share price does not accurately reflect Radiant's intrinsic value or long-term growth prospects, particularly given our unlevered balance sheet, and therefore represents an excellent investment opportunity for both the Company and our shareholders.” said Bohn Crain, Founder, Chairman and CEO.Previously:

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Radiant Logistics rallies on FQ3 estimates beat