RADIANT LOGISTICS Delays Annual Report, Finds Errors in Previous Financial Statements

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Radiant Logistics Intrinsic Stock Value – Radiant Logistics ($NYSEAM:RLGT), Inc. is a third-party logistics and multi-modal transportation services company. The Company operates through two segments: Transportation and Logistics.

The Transportation segment includes truckload, less than truckload and ground transportation services. The Logistics segment includes value-added warehousing services, inventory management, expedited linehaul transportation, airfreight forwarding and customs brokerage.

Market Price

RADIANT LOGISTICS has been in the news recently for delaying its annual report and finding errors in its previous financial statements. While the media coverage has been mostly positive, RADIANT LOGISTICS stock opened at $6.0 on Tuesday and closed at $6.1, up by 3.1% from its previous closing price of 5.9. The company provides transportation, warehousing, and value-added services to a diversified customer base of manufacturers, distributors, and retailers.

However, the company’s stock has remained relatively stable and has even increased slightly since the news was announced. RADIANT LOGISTICS is a strong company with a diversified customer base and a growing network of locations. The recent delays in filing its annual report and finding errors in its previous financial statements are not expected to have a significant impact on the company’s long-term prospects.

VI Analysis – Radiant Logistics Intrinsic Stock Value

Company’s fundamentals reflect its long term potential, below analysis on RADIANT LOGISTICS are made simple by VI app. The fair value of RADIANT LOGISTICS share is around $8.1, calculated by VI Line. Now RADIANT LOGISTICS stock is traded at $6.1, undervalued by 25%. Radiant Logistics has a strong balance sheet with plenty of cash and no debt. This gives the company flexibility to invest in its growth and take advantage of opportunities as they arise.

The company is also profitable, with margins that are above average for the industry. Looking at the company’s fundamentals, it is clear that Radiant Logistics is a well-run business with good long-term potential. The stock is currently trading at a discount to its fair value, making it an attractive investment at this time.

Summary

The Company also announced that, as a result of its review, it has identified errors in its previously issued financial statements. The errors primarily relate to the classification of certain transactions and the timing of the recognition of certain revenue and expenses. The Company is in the process of evaluating the impact of these errors on its previously issued financial statements. Despite the stock price moving up the same day, there is some risk associated with investing in Radiant Logistics at this time.

The company is delaying its annual report filing and has found errors in its previous financial statements. Until more information is known about the extent of the errors and their impact on the company’s financials, investors should tread carefully before putting money into Radiant Logistics.