B. Riley Earnings Reports

B. Riley Financial estimates net income available to common shareholders to be in the range of $48 million to $68 million, or $1.57 to $2.22 per diluted net income per common share for the three months ending December 31, 2024. The results were negatively impacted by unusual expenses related to legal, transaction, and restructuring fees.

B. Riley Financial reported total revenues of $343 million for Q1 2024, compared to $432 million in Q1 2023. The company experienced a net loss available to common shareholders of $51 million, influenced by investment-related losses. However, operating income, adjusted for specific items, remained relatively flat compared to the previous year. The company declared a quarterly dividend of $0.50 per share.

B. Riley Financial reported preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2023. The company is delaying the filing of its Annual Report on Form 10-K due to a review of transactions with Brian Kahn. A strategic review of the appraisal and asset disposition businesses has commenced.

B. Riley Financial reported a 48% increase in total revenues to $462.3 million for the third quarter of 2023, driven by strong performance in retail liquidation, consumer, financial consulting, communications, and wealth management. However, the company experienced a net loss of $75.8 million due to unrealized investment losses and a $35.5 million non-cash impairment charge related to Targus. The company's operating adjusted EBITDA increased to $107.5 million.

B. Riley Financial reported its Q2 2023 results, showing solid performance despite a challenging capital markets period. The company reaffirmed its Q3 2023 guidance for operating adjusted EBITDA of at least $105 million. Increased revenues were primarily driven by investment gains, recent acquisitions, and increased revenues from retail liquidation, financial consulting and appraisal, in addition to an increase in interest income from loans and securities lending.

B. Riley Financial reported a 75% increase in total revenues to $432.1 million for Q1 2023, driven by recent acquisitions and increased interest income from securities lending. Net income applicable to common shareholders was $15.1 million, or $0.51 diluted EPS. Total Adjusted EBITDA increased 133% to $94.8 million.

B. Riley Financial reported Q4 2022 results, including a GAAP net loss of $59.4 million and total revenues of $326.8 million. The company's operating adjusted EBITDA was $101.8 million, exceeding the guided range. Despite a challenging Capital Markets environment, the company delivered the second-best year of Operating Adjusted EBITDA in its firm’s history. The company declared a quarterly dividend of $1.00 per common share.

B. Riley Financial reported total revenues of $340.4 million and net income of $45.8 million, with diluted EPS of $1.53. The company declared a quarterly dividend of $1.00 per common share and approved a share repurchase plan of up to $50 million.

B. Riley Financial reported a GAAP revenue of $42.7 million and operating revenues of $266.6 million for Q2 2022. The company experienced a GAAP net loss of $142.2 million, driven by investment losses, but achieved an operating adjusted EBITDA of $74.2 million. A quarterly dividend of $1.00 per common share was declared.

B. Riley Financial's Q1 2022 results showed resilience despite a challenging environment for underwriting and investment portfolio. The company reported a net loss of $12.1 million, or ($0.43) diluted EPS. The Capital Markets segment experienced a revenue decrease, while the Wealth Management segment saw an increase. The company ended the quarter with $213.6 million in cash and equivalents.

B. Riley Financial announced its Q4 2021 results, with a net income of $62.2 million, or $2.08 diluted EPS, and total revenues of $422.1 million. The company's performance was driven by investment banking, wealth management, principal investments, and brands. They also declared a regular quarterly dividend of $1.00 per common share.

B. Riley Financial reported a net income of $48.6 million, or $1.69 diluted EPS, for the third quarter of 2021. Total revenues increased to $381.5 million and the company declared a total third quarter dividend of $4.00 per common share. The Board of Directors approved a new annual share repurchase plan of up to $50 million.

B. Riley Financial reported a 26% increase in total revenues to $336.8 million for Q2 2021. Net income was $73.9 million, resulting in diluted EPS of $2.58. Operating EBITDA doubled year-over-year, driven by the investment banking division and contributions from advisory services and principal investments. The company declared a total dividend of $2.00 per share, including a regular dividend of $0.50 and a special dividend of $1.50.

B. Riley Financial reported a net income of $252.9 million and diluted EPS of $8.81 for Q1 2021. Total revenues reached $600.2 million, with operating revenues at $333.2 million. The company declared a dividend of $3.00 per share, including a regular dividend of $0.50 and a special dividend of $2.50.

B. Riley Financial reported record fourth quarter and full year results, driven by increased profitability across all businesses, particularly brokerage and investment banking. The company declared a special dividend of $3.00 and increased the regular quarterly dividend to $0.50.

B. Riley Financial announced strong third-quarter results, with consolidated revenues of $226.3 million and net income of $47.3 million, or $1.75 per diluted share. The capital markets group was the primary driver of growth, with strong performance in liquidation business and steady cash flows from valuation business, brand portfolio, and wholly-owned subsidiaries.

B. Riley Financial reported consolidated revenues of $266.5 million and net income of $82.8 million, or $3.07 per diluted share, for the second quarter ended June 30, 2020. The company's investment book rebounded sharply, and investment banking activity accelerated.

B. Riley Financial reported revenues of negative $0.2 million and a net loss of $98.7 million for the first quarter of 2020, primarily due to investment losses. However, the company experienced strong operating performance, with operating revenue increasing to $182.2 million and operating adjusted EBITDA increasing to $70.9 million.

B. Riley Financial reported Q4 2019 revenues of $165.2 million and net income of $16.9 million. The company's performance was driven by record investment banking revenues and gains from its investment portfolio. The company also declared a quarterly dividend of $0.35 per common share.