Radiant Logistics Announces Results for Second Fiscal Quarter Ended December ...
/PRNewswire/ -- Radiant Logistics, Inc. (AMEX: RLGT), a domestic and international logistics services company, today reported financial results for the three and six months ended December 31, 2011.(Logo: http://photos.prnewswire.com/prnh/20110606/CL14193LOGO )
For the three months ended December 31, 2011, Radiant reported net income of $417,000 on $72.6 million of revenues, or $0.01 per basic and fully diluted share, including $188,000 in non-recurring transaction costs related to the Company's acquisition of Isla International, Ltd.("Isla") and other transactions in process and $280,000 in non-recurring transition costs associated with the Company's acquisition of DBA Distribution Services, Inc. ("DBA") which are principally non-recurring personnel costs that are being eliminated from the acquired operations. For the three months ended December 31, 2010, Radiant reported net income of $716,000 on $44.5 million of revenues, or $0.02 per basic and fully diluted share.
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