B. Riley Financial(US:RILY)2020-11-09 20:40Company Overview - B Riley Financial was founded in 1997 and went public in 2014 [9] - The company has over 50 offices across the US and international operations in Germany, Australia and India [9] - As of September 30, 2020, insiders held approximately 24.6% of the company's shares [19] Financial Performance - Total revenues for the last twelve months (LTM) ending September 30, 2020 were $657.8 million [19] - Total Adjusted EBITDA for the LTM ending September 30, 2020 was $196.6 million [19] - As of September 30, 2020, the company's total debt was $908.1 million [19] - The company's dividend yield (LTM) was 6.5% as of October 28, 2020 [19] Segment Results (Q3 2020) - Capital Markets generated operating revenues of $115.058 million and investment gains of $31.753 million [40] - Auction and Liquidation generated operating revenues of $44.185 million [40] - Appraisal generated operating revenues of $9.655 million [40] - Principal Investments generated operating revenues of $21.602 million [40] - Brands generated operating revenues of $4.000 million [40] Retail Liquidation - In 2019, the company completed over 3,900 store closings with over $2.9 billion in total value of assets liquidated [47, 62] - In 2020 YTD, the company completed over 2,000 store closings with over $2.8 billion in associated retail inventory value [62]