Radiant Logistics Looks Cheap But The Core Market Remains Under Pressure (Rating Downgrade)
Radiant(RLGT) Seeking Alpha·2024-06-04 04:06
Nikada Introduction I've been following US freight forwarder Radiant Logistics, Inc. (NYSE:RLGT) closely, and I've written a total of 7 articles about the company on Seeking Alpha to date. The latest one came out in March 2024 and back then I said that Radiant Logistics was navigating a tough US freight market as the TTM adjusted EBITDA margin was close to 15% in Q2 FY24. On May 9, the company released its Q3 FY24 financial results and I think they were underwhelming as revenues went down by 24.4% year on y ...