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Dec 31, 2023
B. Riley Q4 2023 Earnings Report
Released preliminary unaudited financial results for Q4 and full year 2023.
Key Takeaways
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.
Dividend reduced by 50% to focus on reinvestment opportunities.
Financial consulting revenues and operating income grew 36% and 86%, respectively, during 2023.
Wealth management business returned to profitability in 2023.
Company has retained Moelis & Company as an independent financial advisor to commence a review of strategic alternatives for the appraisal and asset disposition businesses.
Revenue by Segment
Forward Guidance
B. Riley Financial is focused on investing in its business, including potentially repurchasing its debt. The company believes it is poised to gain market share with tailwinds in small caps.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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