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 ...

Sergey Dementyev/iStock via Getty Images Analyst's Reply Feb 22 2024 seekingalpha.com/... Thanks @Structured Returns for sharing Performance Assessment The recent news here on FRG is a positive development easing some of the legal and reputational issues side of the bearish arguments. But that's not the only bearish narrative in B Riley > Reply Like (3) Pinned Comment from Author's Last RILY Article (Author's Last RILY Article's Comment Section, Seeking Alpha) Now, a couple of quarters of results have been ...

Elev8 New Media is an award-winning boutique public relations agency that specializes in results-driven media relations and social media management. Elev8's public relations and social media teams strive to build strong relationships with its clients and the media while providing creative social strategies to meet their overall business objectives. For more information, please visit www.elev8newmedia.com. About B. Riley Securities: LOS ANGELES, May 20, 2024 (GLOBE NEWSWIRE) -- Elev8 New Media ("Elev8"), an ...

LPETTET If you had to take away one figure from B. Riley Financial's (NASDAQ:RILY) fiscal 2024 first-quarter earnings it would have to be its total cash and investments balance of $1.61 billion. The financial services firm is also set to fully redeem its 6.75% Senior Notes Due 5/31/2024 (NASDAQ:RILYO) at the end of May, reducing the number of its public trading baby bonds to six. I own a substantial position in the 5.25% Senior Notes Due 08/31/2028 (NASDAQ:RILYZ) with these currently trading nearly $9 below ...

Financial Data and Key Metrics Changes - The company reported total revenues of $343 million for Q1 2024, a decrease from $389 million in the prior-year quarter, with a net loss attributable to common shareholders of $51 million driven by $59 million of investment-related losses [11][12] - Operating adjusted EBITDA was $66 million, down from $88 million in Q1 2023, while operating income remained flat at approximately $33 million compared to the same period last year [4][13][5] - Interest income from loans and securities lending decreased to $60 million from $77 million year-over-year, primarily due to a reduction in loans receivable at fair value [34] Business Line Data and Key Metrics Changes - Advisory Services achieved record revenues and operating income, generating over $100 million in annualized revenue, up from approximately $76 million three years ago [27] - Wealth Management revenues increased to $52 million in Q1 2024, surpassing prior revenues on both a year-over-year and sequential basis, with assets under management totaling $25.8 billion [37] - The Auction and Liquidation segment contributed revenues of $5.8 million and operating income of $2 million, driven by returning clients and new business activity [17] Market Data and Key Metrics Changes - The Consumer Products segment experienced a loss of $3 million due to continued softness in global PC and laptop sales, with expectations for recovery as the market normalizes [18] - The Communications businesses generated revenues of $82 million and operating income of $8 million during the quarter, contributing steady cash flow to the platform [38] Company Strategy and Development Direction - The company remains focused on capitalizing on opportunities in the small- and mid-cap space, believing it is uniquely positioned to meet the needs of companies in this market [30] - Management emphasized the importance of long-term investment strategies and the ability to manage potential downsides, acknowledging the volatility in quarterly results due to investment fluctuations [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operators and management teams of their investments, despite recent market challenges, and highlighted the potential for recovery in the consumer market [7] - The company anticipates a more active capital markets environment in the coming months, with expectations for improved deal-making activity [66] Other Important Information - The company declared a dividend of $0.50 per share related to its operating performance for Q1, with plans to pay it on or about June 11 [9][15] - Total debt as of March 31 was approximately $2.2 billion, with net debt (total debt minus cash and investments) at approximately $581 million [14] Q&A Session Summary Question: What accounts for the revenue delta in Consumer Products? - Management indicated that the delta is likely due to a mixture of different retail liquidation activities and will need further clarification [60] Question: How is the margin in the Communications segment? - Management noted that while some assets performed well, others have contracted margins, and they are exploring solutions to improve this situation [62] Question: What is the outlook for Capital Markets in Q2? - Management reported a slow start in Q2 but noted a meaningful pickup in activity recently, indicating a more favorable environment for deal-making [66] Question: What is the plan regarding the Great American Group? - Management acknowledged the unique value of the Great American Group and indicated that while they are exploring options, they are not in a rush to sell unless the price is right [70][100] Question: How does the company plan to address upcoming expenses and capital allocation? - Management emphasized the importance of maintaining a balance between operational needs and investment opportunities, with a focus on covering dividends and interest expenses through recurring operating EBITDA [83][84]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 B. RILEY FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 27-0223495 (Sta ...

Exhibit 99.1 B. Riley Financial Reports First Quarter 2024 Results; Declares Quarterly Dividend of $0.50 per share LOS ANGELES, May 15, 2024 – B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today released financial results for the three-month period ended March 31, 2024. First Quarter 2024 Summary Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "Overall, we had a solid quarter from an operating perspec ...

All trading commissions on May 16 will be donated to the Sugar Ray Leonard Foundation in support of funding research and care for childhood diabetes LOS ANGELES, May 8, 2024 /PRNewswire/ -- B. Riley Securities, a leading middle market brokerage and investment bank, together with B. Riley Financial (Nasdaq: RILY) (collectively, "B. Riley"), is pleased to announce that its annual Commissions for Charity Day will take place on Thursday, May 16, 2024. All trading commissions on May 16 will be donated to B. Rile ...

LOS ANGELES, May 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced that it has called for the full redemption equal to $25,000,000 aggregate principal amount of its 6.75% Senior Notes due 2024 (the "Notes") on May 31, 2024 (the "Redemption Date"). The redemption price is equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest up to, but excluding, the Redemption Date, as set forth in each notice of redemption delivered ...

B. Riley Retail Solutions is Facilitating Colorado Cyclist and Planet Cyclery Website Closing Sales LOS ANGELES, April 29, 2024 /PRNewswire/ -- Premium providers of high-quality bikes, components, and apparel for cyclists, Planet Cyclery and Colorado Cyclist, have commenced website closing sales across all premium cycling apparel and gear with starting discounts of up to 30% across all merchandise. Both sitewide closing sales feature deep discounts across biking gear and equipment, from bikes, wheels, tires ...