B. Riley Q4 2019 Earnings Report
Key Takeaways
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.
Q4 2019 revenue increased to $165.2 million from $102.0 million in Q4 2018.
Net income increased to $16.9 million, or $0.59 per diluted share, compared to a loss of $8.8 million in Q4 2018.
Brand holdings contributed $4.1 million in revenue and $2.7 million in operating income.
Adjusted EBITDA increased to $50.3 million compared to $11.2 million for the fourth quarter of 2018.
B. Riley
B. Riley
B. Riley Revenue by Segment
Forward Guidance
B. Riley expects growth in 2020 with a full year of brand investments and sees the balance sheet as a differentiator for gaining market share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income