B. Riley Financial, Inc., headquartered in Los Angeles, offers diverse financial services including investment banking, wealth management, and financial consulting, serving both public and private entities. The company, which employs 2,210 people and went public in 2009, operates through various segments like Capital Markets, Wealth Management, and Auction and Liquidation.
RILY has been in the news recently: B. Riley Financial anticipates a net loss of $435 to $475 million for Q2 2024, largely due to a significant writedown on its investment in Franchise Group, Inc. Additionally, the company has suspended its dividend and expects losses of $14 to $15 per share, coinciding with ongoing SEC investigations that have led to a 46% drop in its share price.
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