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. This is due to its net loss for the quarter coming in between $435 million and $475 million. These losses come as the company expects an impairment charge of $330 million to $370 million from its investment in Freedom VCM. It's also expecting an impairment charge ...

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.2% on Monday. The Dow traded down 0.39% to 39,341.75 while the NASDAQ rose 0.19% to 16,777.09. The S&P 500 also fell, dropping, 0.02% to 5,342.9. Leading and Lagging Sectors Information technology shares climbed by 1% on Friday. In trading on Friday, real estate shares fell 1.1%. Top Headline KE Holdings BEKE reported better-than-expected second-quarter financial results and increased its repurchase authorization. Eq ...

The company suspended its dividend and is reportedly the subject of a federal probe. Riley Financial (RILY -56.93%) said it expects to post a massive loss in its most recent quarter and suspended its dividend. The investment firm is also reportedly in the crosshairs of U.S. government investigators. On Monday morning, shareholders stampeded for the exits. Shares of B. Riley traded down 46% as of 10:30 Eastern. Losses and investigations Riley prereleased second-quarter results, and the numbers are not pretty ...

Exhibit 99.1 B. Riley Financial Releases Preliminary Second Quarter 2024 Financial Results Provides Additional Detail on FRG Investment and Other Developments Investor Call Scheduled for Monday, August 12 at 8:30 am ET LOS ANGELES, August 12, 2024 – B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today released preliminary financial results for the three-month period ending June 30, 2024. Bryant Riley, Chairman and Co-Chief Executive Officer ...

Provides Additional Detail on FRG Investment and Other Developments Investor Call Scheduled for Monday, August 12 at 8:30 am ET LOS ANGELES, Aug. 12, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today released preliminary financial results for the threemonth period ending June 30, 2024. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "Our second quarter results were negatively im ...

Store Closing Sale Overview - Conn's HomePlus and Badcock Home Furniture & more locations are conducting store closing sales with initial discounts of 30-50% off across all merchandise, both in-store and online [1][3] - The liquidation event is managed by B Riley Retail Solutions, LLC and spans over 550 stores across 15 states, including Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia [1] - Store furnishings, fixtures, and equipment are also available for sale [1] Product Offerings - The sale includes a wide array of quality furnishings for every room in the home, including brand name appliances and electronics at unprecedented discounts [2][3] - Top-selling appliances and electronics include refrigerators, ranges and stovetops, dishwashers, washers and dryers, TVs, home theater audio and video electronics and mounts, fitness equipment, smart home accessories, as well as computer desktops, laptops, printers and other popular computer and gaming accessories [4] Sale Terms and Conditions - All sales are final during this store closing event, with no returns or exchanges permitted for purchases made during the sale [5] - Customers are encouraged to shop early to take advantage of the best selection of merchandise before it sells out, as all items must be sold [7] Company Background - B Riley Retail Solutions, LLC is a subsidiary of B Riley Financial (Nasdaq: RILY), a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners [8] - The firm is a leading provider of asset disposition services specializing in large-scale retail liquidations, efficiently leveraging its sector expertise and deploying resources to assist companies, lenders, capital providers, private equity investors, and professional services firms in maximizing the value of their assets [8]

Hosted by the B. Riley Securities equity research team, the event will feature a comprehensive schedule including research-moderated panels, analyst-hosted roundtables, one-on-ones, and small group meetings. About B. Riley Securities B. Riley Financial (Nasdaq: RILY) is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, c ...

Interface Consulting specializes in troubled projects, from providing in-depth analysis and expert testimony in litigation, arbitration, mediation, and disputes, to project planning guidance and execution. The firm serves a variety of clients involved in the engineering and construction process including owners, contractors, attorneys, engineers, insurers, and suppliers. This team of highly qualified consultants has experience assisting in large, complex domestic and international capital projects and has s ...

$75.0 Million Financing Proceeds to be Used for Repurchase of All Outstanding Shares of Series B Preferred and Repurchase of Approximately $19.7 Million of Senior Notes at a Discount to Face Value Once complete, the Company expects these actions to reduce its total outstanding net debt, inclusive of its retired Series B Preferred, by approximately $7.3 million in addition to creating nearly $10.6 million in projected pre-tax cost savings over the life of the term loan. Synchronoss believes that these measur ...

Investors who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) prior to May2023 and continue to hold any of those NASDAQ: RILY shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On January 24, 2024, an investor in NASDAQ: RILY shares filed a lawsuit alleging violations of securities laws by B. Riley Financial, Inc. The plaintiff alleged that the defendants failed to disclose to investors that Brian Kahn ha ...