B. Riley Financial Reports First Quarter 2020 Results and Declares Quarterly Cash Dividend of $0.25 per Common Share
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B. Riley Financial (RILY) Reports Q1 Loss of $3.13
May 11, 2020 4:41 PM EDTB. Riley Financial (NASDAQ: RILY) reported Q1 EPS of ($3.13), versus $0.61 reported last year. Revenue for the quarter came in at $182.24 million, versus $116.26 million reported last year.
First Quarter 2020 Financial Summary
GAAP consolidated revenues of ($0.2 million) and net loss of ($98.7 million)Record quarterly operating revenues (1) of $182.2 million and operating adjusted EBITDA (3) of $70.9 millionInvestment loss (4) driven by significant markdowns, primarily unrealized losses on marketable securities and on fair value of loansCash and cash equivalents total $124.2 million at March 31, 2020Repurchased over one million shares of... More