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Tuesday March 5, 2019

B. Riley Financial Reports Fourth Quarter and Full Year 2018 Financial Results

LOS ANGELES, March 05, 2019 (GLOBE NEWSWIRE) — B. Riley Financial, Inc. (NASDAQ:RILY), a diversified financial services company which operates through several wholly-owned subsidiaries, announced results for the fourth quarter and full year ended December 31, 2018 and reiterated guidance for 2019.

Fourth Quarter 2018 Highlights

  • Revenues of $102.0 million compared to $110.2 million in the same year ago period
  • Adjusted EBITDA of $11.2 million
  • Net loss of $8.8 million or $0.34 per diluted share (included restructuring charge of $6.3 million)
  • Adjusted net income of $0.7 million, or $0.03 per diluted share

Full Year 2018 Highlights

  • Revenues rose to $423.0 million from $322.2 million in the same year ago period
  • Adjusted EBITDA of $89.6 million
  • Net income of $15.5 million or $0.58 per diluted share
  • Adjusted net income of $38.8 million, or $1.45 per diluted share

Read full release here.