B. Riley Financial to Report Preliminary Fourth Quarter 2024 Results and Host Update Call for Investors on Monday, March 3rd
Rhea-AI Summary
B. Riley Financial (NASDAQ: RILY) has announced it will release preliminary Q4 2024 financial results after market close on March 3, 2025, followed by an investor conference call at 4:30 p.m. ET. The company has filed its Q3 2024 Form 10-Q and expects to regain compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
During the upcoming conference call, management plans to provide a comprehensive business update, discuss priorities for the coming year, and outline capital allocation strategies focused on growth and value creation.
Positive
- Expected regaining of Nasdaq listing compliance following Q3 2024 10-Q filing
Negative
- Delayed filing of Q3 2024 financial reports
News Market Reaction 1 Alert
On the day this news was published, RILY gained 33.53%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Expects to Regain Compliance with Nasdaq Listing Rule 5250(c)(1) Following Filing of 10-Q for Quarter Ended September 30, 2024
B. Riley Financial will host a conference call followed by a question-and-answer session with analyst and investors at 4:30 p.m. ET (1:30 p.m. PT) on the same day. Investors may access the live audio webcast and archived recording at https://ir.brileyfin.com/events-and-presentations.
The Company also announced the filing of its Quarterly Report on Form 10-Q for the three-month period ended September 30, 2024. With the filing of the Form 10-Q, B. Riley expects to regain compliance with Nasdaq Listing Rule 5250 (c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission.
Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "We look forward to providing investors with a broader update when we host a conference call next Monday. At that time, we will provide a comprehensive picture of our business and our priorities for the coming year. We will also share more about our capital allocation priorities, including how we expect to invest for renewed growth and value creation."
About B. Riley Financial
B. Riley Financial is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, B. Riley provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.
Contacts
Investors
ir@brileyfin.com
Media
press@brileyfin.com
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SOURCE B. Riley Financial
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