Radiant Logistics Inc. reported a profit of $1.35 million on Nov. 9, up from the $172,490 loss it reported one year ago.
The results for the company’s fiscal first quarter, which ended Sept. 30, reversed four consecutive quarters of losses for the third-party logistics provider. Earnings per share were 3 cents in the quarter versus a fraction of a cent loss one year ago.
Revenue declined 9.4% to $195.1 million year-over-year, but after the cost of purchasing transportation was deducted, it fell only 3.4% to $49 million.
