B. Riley Financial

B. Riley Financial, Inc. provides financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets, Auction and Liquidation, Financial Consulting, Principal Investments-United Online and magicJack, Brands, and Corporate and Other. The Capital Markets segment provides investment banking, corporate finance, research, wealth management, and sales and trading services to corporate, institutional, and high net worth clients. The Auction and Liquidation segment operates through the retail store liquidations and wholesale and industrial assets dispositions. The Financial Consulting segment consists of bankruptcy, financial advisory, forensic accounting, litigation support, real estate consulting and valuation and appraisal services. The Principal Investments segment includes UOL, through which the firm provide consumer Internet access, and magicJack, through which it provides VoIP communication and related product and subscription services. The Brands segment consists of its brand investment portfolio that is focused on generating revenue through the licensing of trademarks and is held by BR Brand. The company was founded in 1973 and is headquartered in Los Angeles, CA.

Earnings data Q3 2020

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B. Riley Financial reports 2022 net loss but strong revenues, eyes growth

B. Riley Financial navigated investment losses to maintain strong operating revenues and EBITDA, fueled by strategic acquisitions and investments in recurring businesses. The company's balance sheet remains robust, supported by a dividend funded by recurring EBITDA. Management's focus on leverage and clarification on incentive fees present challenges, while opportunities lie in acquisitions and long-term debt structure.

B. Riley Financial reports strong Q1 earnings, eyes growth opportunities

B. Riley Financial's Q1 2023 earnings call showcased robust financial performance, driven by strategic acquisitions and diversified revenue streams. The company's strong balance sheet, focus on shareholder value creation, and confidence in navigating challenges position it well for future growth and value creation.

B. Riley Financial reports robust Q2 earnings and growth outlook

B. Riley Financial delivered a strong performance in Q2 2023, driven by revenue growth and operational improvements across key segments.
Despite challenges, the company's strategic strengths in various business areas and recent acquisitions position it well for future growth.
With a positive outlook on opportunities and a focus on enhancing advisory services, B. Riley Financial is poised for continued success and expansion.

B. Riley Financial reports record Q3 revenue and strategic investments

B. Riley Financial's Q3 showcased robust financial performance, marked by record revenues and operational efficiency.
While facing challenges from investment losses, the company's strategic initiatives and strong balance sheet position it for future growth.
Opportunities lie in expanding consumer segment revenue, potential buybacks, and continued focus on strategic investments for long-term value creation.

B. Riley Financial reports strong 2023 performance and strategic growth

B. Riley Financial delivered a robust financial performance in 2023 despite challenges, showcasing resilience and growth potential.
Maintaining a strong balance sheet, declaring dividends, and exploring strategic alternatives position the company for future success and value creation.
With a focus on core financial services and diverse revenue streams, B. Riley Financial is well-positioned to capitalize on growth opportunities and navigate challenges effectively.

B. Riley Financial reports mixed Q1 results, focuses on value creation

B. Riley Financial's Q1 2024 showed mixed financial performance with revenue growth in key segments but challenges in certain markets and operational efficiency.
Despite facing hurdles like investment losses and market challenges, the company maintains a strong liquidity position and a focus on strategic asset management for value creation.
Analysts' inquiries highlighted the need for clearer strategic direction and transparency, presenting an opportunity for the company to refine its communication and operational strategies.

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B. Riley Financial, Inc. engages in the provision of financial services and solutions to the capital raising and financial advisory needs of public and private firms. It operates through the following segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer. The Capital Markets segment provides investment banking, corporate finance, research, wealth management, and sales and trading services to corporate, institutional, and high net worth clients. The Wealth Management segment offers retail brokerage, investment management, and insurance, and tax preparation services. The Financial Consulting segment focuses on a variety of specialized advisory services spanning bankruptcy, restructuring, turnaround management, forensic accounting, crisis and litigation support, appraisal and valuation, real estate, and operations management. The Auction and Liquidation segment deals with retail liquidation services. The Communications segment is composed of a portfolio of companies acquired for attractive risk-adjusted investment return characteristics. The Consumer segment includes Targus and the Brands investment portfolio. The company was founded in 1973 and is headquartered in Los Angeles, CA.

The Great American Group to Leverage 30-Year Track Record to Provide Industry-Leading Valuation, Appraisal, Asset Disposition and Real Estate Services B. Riley to Recognize Gain of Approximately $235 Million on Transaction in Fourth Quarter 2024 Results LOS ANGELES , Nov. 18, 2024 /PRNewswire/ -- B.

The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley

After the close of Wednesday's regular session, beleaguered investment bank and financial services provider B. Riley Financial, Inc. filed a well-anticipated notification of late filing with the SEC. The company will require more time to assess the impact of the Franchise Group bankruptcy and recent asset monetizations on its financial statements. B. Riley also disclosed selected preliminary Q3 results. The company finished the quarter with $159 million in cash and $2.06 billion in debt.

B. Riley Q3 Results Update: Expect Short-Term Debt To Be Repaid In Due Course

LOS ANGELES , Nov. 4, 2024 /PRNewswire/ --  B. Riley Securities, Inc. ("B.

B. Riley Securities Announces Energy Convergence Conference on December 4th

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Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management Business LOS ANGELES , Nov. 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B.

B. Riley Financial Provides Update on Wealth Management Business

LOS ANGELES , Oct. 29, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B.

B. Riley Financial Secures $236 Million in Cash Proceeds from Brands Assets

SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders.

Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties and Encourages Shareholders to Reach Out for Their Options

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LOS ANGELES , Oct. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B.

B. Riley Financial Declares Preferred Stock Dividends

Concludes Previously Announced Review of Strategic Alternatives for the Great American Group Businesses LOS ANGELES , Oct. 14, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) ("B.

B. Riley Financial to Establish Partnership with Oaktree in the Great American Group Businesses

SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders.

Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties and Encourages Shareholders to Reach Out for Their Options

SAN DIEGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders.

RILY INVESTIGATION ALERT: Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties

Brendon Philipps joins B. Riley Securities from Guggenheim to Lead the Firm's Capital Structure Advisory and Liability Management Efforts LOS ANGELES , Sept.

B. Riley Securities Advances Capital Structure Advisory Efforts with New Senior Hire

Negotiating Sale of Majority Stake in Great American Group at $380 Million Enterprise Value and Financing of Brands Portfolio for $236 Million Anticipates Receiving Approximately $410 Million of Gross Cash Proceeds from Two Transactions Intends to Use Majority of Proceeds to Reduce Nomura Senior Secured Debt to Approximately $125 Million by End of 2024; Anticipates Using Cash on Hand and Proceeds from Other Asset Sales to Repay All 2025 Maturities Cumulative Actions, If Completed, Would Result in Strengthened Balance Sheet with Next Senior Notes Maturing in 2026, Providing Company with Enhanced Ability to Invest in Core Operating Businesses Expects to Announce Amended and Restated Credit Agreement Shortly LOS ANGELES , Sept. 9, 2024 /PRNewswire/ -- B.

B. Riley Financial Provides Update on Strategic and Financing Initiatives

LOS ANGELES , Aug. 23, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced it received an expected delinquency notification letter from Nasdaq on August 21, 2024, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2024.

B. Riley Financial Announces Notification of Delinquency with Nasdaq

B. Riley Financial Inc.'s stock rallied 33% on Wednesday, after Bloomberg reported the financial-services company is in exclusive talks to sell a majority stake in its Great American Group unit to Oaktree Capital Management.

B. Riley's stock rallies on report of unit sale to Oaktree

Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley , Bloomberg News reported on Wednesday.

Oaktree nears deal for majority stake in two B Riley units, Bloomberg reports

B. Riley Financial shares slumped by nearly 17% on Monday following a turbulent week that was capped by co-founder and co-CEO Bryant Riley offering to buy the bank.

B. Riley slips as take-private offer fails to stem sell-off

LOS ANGELES , Aug. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced that its Board of Directors has received an unsolicited preliminary, non-binding letter of proposal, dated August 16, 2024, from the Company's founder, chairman and co-CEO, Bryant Riley, to acquire the outstanding shares of the Company not currently owned by Mr.

B. Riley Financial Receives Unsolicited Proposal to Be Taken Private

The take-private bid comes after several months of turmoil stemming from the bank's association with Vitamin Shoppe-owner Franchise Group, which attracted scrutiny from investors and regulators.

B. Riley co-founder offers to buy embattled bank in $212M deal as fed scrutiny mounts

B. Riley Financial Inc.'s stock rallied 26% on Friday after Bryant R. Riley, the founder, chairman, co-chief executive and largest shareholder of the troubled investment bank, made an offer to buy the stock he doesn't already own for $7 a share.

B. Riley's stock rallies 26% after founder offers to buy rest of troubled bank for $7 a share

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Since my 'Strong Sell' view on B Riley and all its related securities, the common stock has fallen 64% and other security classes too have fallen more than 20%. The hierarchy of returns across B Riley's security classes has also played out as per my expectations, with shorter maturity duration, lower yield securities doing better. B Riley's balance sheet has gotten far worse due to large asset writedowns that, I believe, have eradicated more than 80% of goodwill, validating my earlier approaches to value appraisal.

B. Riley: Asset Write-Downs Point To Likely Balance Sheet Weakness

B. Riley Financial Inc (NASDAQ:RILY ) Q2 2024 Results Conference Call August 12, 2024 8:30 AM ET Company Participants Bryant Riley - Co-Founder, Chairman & Co-CEO Operator Good morning, and welcome to the B. Riley Financial Investor Call.

B. Riley Financial Inc (RILY) Q2 2024 Earnings Call Transcript

The feds have widened a probe of financial irregularities at B. Riley, sources told The Post -- even as the struggling Wall Street firm suspended its dividend and warned on profits Monday, sending its stock tumbling more than 50%.

SEC probe of B. Riley widens as struggling firm's stock drops more than 50% on profit warning

B. Riley Financial (NASDAQ: RILY ) stock is taking a beating on Monday after the financial services company provided its latest preliminary earnings results to investors. These preliminary results include a net loss per share of $14 to $15 per share.

News for B. Riley Financial Stock (RILY)