Recognizes a Gain of Approximately $355,000 in Settlement of Disputes in Connection with its Acquisition of Adcom Worldwide
BELLEVUE, WA, February 17, 2010 – Radiant Logistics, Inc. (OTC BB: RLGT), a domestic and international freight forwarding and logistics services company, today reported financial results for the three and six months ended December 31, 2009.
For the three months ended December 31, 2009, Radiant reported net income of $549,000 on $39.1 million of revenues, or $0.02 per basic and fully diluted share, including a gain on litigation settlement of $355,000. For the three months ended December 31, 2008, Radiant reported a net loss of $10,216,000 on $42.5 million of revenues, or a loss $0.29 per basic and fully diluted share, including a non-cash charge of $11.4 million for impairment of goodwill.
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