Radiant Logistics, Inc. (OTCQB: RLGT) What’s Driving Radiant Logistics?

Radiant Logistics, Inc. (OTCQB: RLGT)  What’s Driving Radiant Logistics?

Radiant Logistics (OTCQB: RLGT) is a non-asset based logistics company providing domestic and international freight forwarding and related services through a network of approximately 75 company owned and exclusive agent offices across North America. Operating under the Airgroup, Adcom Worldwide and Radiant brands, the company services and account base which includes: manufacturers, distributors and retailers using a network of independent carriers and international agents.

Radiant’s results for its second fiscal quarter and six months ended December 31, 2010, were published on February 14, 2011:

  • Adjusted EBITDA of $1,672,000 for the quarter ended December 31, 2010, a 63 percent improvement over the quarter ended December 31, 2009
  • Adjusted EBITDA of $3,381,000 for the six months ended December 31, 2010, up 93 percent compared to six months ended December 31, 2009

As part of this same announcement, Radiant also provided upward guidance from $5,000,000 to $5,500,000 in adjusted EBITDA for its fiscal year ending June 30, 2011.

Radiant Logistics, Inc.presented at the ROTH Capital Partners 23rd Annual OC Growth Stock Conference held at The Ritz Carlton in Dana Point, Calif., on March 16, 2011. One-on-one meetings were available at this conference to discuss the Company’s strategy for growth.

The ROTH Capital Partners, Conference is one of the best attended conferences in the industry.

Radiant elected to join the OTCQB Third Tier based upon the movement of its market makers.

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