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Last $10.00 USD
Change Today +0.24 / 2.46%
Volume 1.0K
RILY On Other Exchanges
Symbol
Exchange
OTC BB
As of 5:20 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

b. riley financial inc (RILY) Snapshot

Open
$10.00
Previous Close
$9.76
Day High
$10.00
Day Low
$10.00
52 Week High
03/12/15 - $13.75
52 Week Low
05/19/14 - $0.20
Market Cap
163.0M
Average Volume 10 Days
90.0
EPS TTM
$-1.07
Shares Outstanding
16.3M
EX-Date
11/14/14
P/E TM
--
Dividend
$0.12
Dividend Yield
0.30%
Current Stock Chart for B. RILEY FINANCIAL INC (RILY)

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b. riley financial inc (RILY) Details

B. Riley Financial, Inc., a diversified financial services company, provides corporate finance, research, sales, and trading services to corporate, institutional, and high net worth clients. The company’s Capital Markets Services segment offers equity and debt capital raising, merger and acquisition, and financial advisory services; proprietary research products; and equity research on in-depth analysis of earnings, cash flow trends, balance sheet strength, industry outlook, and strength of management. Its Auction and Liquidation Solutions segment enables disposition of under-performing assets, including multi-location retail inventory, wholesale inventory, trade fixtures, machinery and equipment, intellectual property, and real property. This segment also provides merger and acquisition due diligence services; and wholesale and industrial disposition strategies, such as orderly liquidations, live auctions, Webcast and online auctions, wind down services, reverse logistics, and private and sealed bid sales. In addition, it offers capital advisory services to clients in need of secured loans for growth capital, working capital, and turnaround financing. The company’s Valuation and Appraisal Services segment provides independent appraisals for estimated liquidation values of assets to financial institutions, lenders and other providers of capital, and other professional service firms. This segment provides services for consumer and retail inventory, wholesale and industrial inventory, machinery and equipment, intangible assets, and real estate. The company also offers wealth and asset management services. It serves retail, wholesale, and industrial clients; and lenders, capital providers, private equity investors, and professional service firms. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. B. Riley Financial, Inc. was founded in 1973 and is headquartered in Woodland Hills, California.

221 Employees
Last Reported Date: 03/30/15
Founded in 1973

b. riley financial inc (RILY) Top Compensated Officers

Chief Financial Officer and Chief Operating O...
Total Annual Compensation: $300.1K
Compensation as of Fiscal Year 2013.

b. riley financial inc (RILY) Key Developments

B. Riley Financial, Inc. Forms Great American Capital Partners, LLC; John Ahn and Stuart Armstrong to Lead Great American Capital Partners, LLC

B. Riley Financial, Inc. announced the formation of Great American Capital Partners, LLC (GACP) with an anchor investment from Corporate Capital Trust, Inc. GACP will focus on providing asset-based debt opportunities targeting lower middle market companies. It will utilize the wide array of diversified financial and business advisory services provided by the B. Riley Financial platform, which includes a network of over 200 finance professionals for proprietary deal flow sourcing and in-house valuation and appraisals expertise. The company announced that GACP is led by John Ahn, President, and Stuart Armstrong, Chief Investment Officer.

B. Riley Financial, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance the First Half of 2015

B. Riley Financial, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, total revenues for the fourth quarter of 2014 increased 9% to $19.8 million from $18.2 million in the same year-ago period. Revenue in the fourth quarter was driven by strong operating results in Capital Markets and Valuation and Appraisal segments. Loss before income taxes was $3,993,000 against income before income taxes of $2,046,000, a year ago. Net loss attributable to the company was $2,822,000 against net income attributable to the company of $934,000, a year ago. Adjusted LBITDA for the fourth quarter of 2014 totaled $0.7 million compared to an adjusted EBITDA of $3.4 million in the same year-ago period. The decrease was primarily attributable to the previously mentioned loss in the company's Auction and Liquidation segment. Net loss for the fourth quarter of 2014 totaled $2.8 million or $0.18 per basic and diluted share compared to net income of $0.9 million or $0.62 per diluted share in the same year-ago period. For the year, total revenues for 2014 were $77.1 million, up 1% from $76.1 million in 2013, primarily driven by B. Riley & Co. contributing $19.4 million in revenue in 2014, which was offset by a decrease of $15.3 million in revenues attributable to the Auctions and Liquidation segment. Loss before income taxes was $8,681,000 against income before income taxes of $1,280,000, a year ago. Net loss attributable to the company was $5,801,000 against net income attributable to the company of $1,058,000, a year ago. Net cash used in operating activities was $23,030,000 against $2,492,000 a year ago. Purchases of property and equipment were $252,000 against $1,142,000, a year ago. Adjusted EBITDA for 2014 totaled $2.8 million, a decrease from $7.0 million in 2013. The decrease was primarily due to the results of the company's Auction and Liquidation segment that included a loss related to a retail liquidation engagement in the fourth quarter that was previously mentioned. Net loss for 2014 totaled $5.8 million or $0.60 per basic and diluted share compared to net income of $1.1 million or $0.71 per diluted share in 2013. Including the full year results of B. Riley operations on a pro forma basis, total revenues were $91.7 million in 2014, down 11% from $103.0 million in 2013. Proforma adjusted EBITDA for 2014 totaled $6.1 million, a decrease from $13.2 million in 2013. Proforma net loss for 2014 totaled $3.9 million or $0.34 per diluted share, compared to proforma net income of $4.6 million or $0.81 per diluted share in 2013. In the first half of 2015, the company is seeing robust activity in the Auction and Liquidation segment, and it performance is a key contributor to the first half adjusted EBITDA guidance of $12 million to $15 million.

B. Riley Financial Seeks Acquisitions

B. Riley Financial, Inc. (OTCBB:RILY) is seeking acquisitions. B. Riley Financial said, "Our first half 2015 guidance reflects the benefits of the operational restructuring we implemented and completed in 2014. Altogether, those restructuring measures eliminated nearly $9 million of annual fixed costs and positioned us to better capitalize on the tremendous synergies of the expanded B. Riley Financial platform. With these changes behind us, we are well positioned to grow both organically and through select strategic acquisitions."

 

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TEV/Sales 1.2x
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