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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
美股SEC公告 ·  01/14 17:09

牛牛AI助理已提取核心訊息

B. Riley Financial reported a significant net loss of $433.8 million for Q2 2024, compared to net income of $43.8 million in Q2 2023. Total revenues declined 63.5% to $148.4 million, primarily due to fair value adjustments on loans of $(175.6) million and trading losses of $(31.3) million. The results were heavily impacted by writedowns related to Freedom VCM Holdings and associated loans.The company recorded substantial impairment charges during the quarter, including a $26.7 million goodwill impairment and $1.0 million tradename impairment in the Consumer Products segment. Operating expenses increased 14.0% to $368.6 million, while realized and unrealized losses on investments totaled $(155.7) million compared to gains of $18.8 million in the prior year period. The Capital Markets segment was particularly affected by negative fair value adjustments on loans related to VCM, Freedom VCM, and...Show More
B. Riley Financial reported a significant net loss of $433.8 million for Q2 2024, compared to net income of $43.8 million in Q2 2023. Total revenues declined 63.5% to $148.4 million, primarily due to fair value adjustments on loans of $(175.6) million and trading losses of $(31.3) million. The results were heavily impacted by writedowns related to Freedom VCM Holdings and associated loans.The company recorded substantial impairment charges during the quarter, including a $26.7 million goodwill impairment and $1.0 million tradename impairment in the Consumer Products segment. Operating expenses increased 14.0% to $368.6 million, while realized and unrealized losses on investments totaled $(155.7) million compared to gains of $18.8 million in the prior year period. The Capital Markets segment was particularly affected by negative fair value adjustments on loans related to VCM, Freedom VCM, and Conn's.Looking ahead, B. Riley announced several strategic initiatives including the sale of its Great American Group business for approximately $203 million, a secured financing transaction for its brand portfolio generating $189.3 million in proceeds, and plans to sell a portion of its Wealth Management business to Stifel. The company has suspended its common stock dividend as it prioritizes debt reduction, with management focused on strengthening the balance sheet through strategic divestitures and operational improvements.
B. Riley Financial報告了2024年第二季度的重大淨虧損,達到$43380萬,而2023年第二季度的凈利潤爲$4380萬。總收入下降了63.5%,降至$14840萬,主要由於貸款公允價值調整導致的$(175.6)百萬和交易損失$(31.3)百萬。結果受到與Freedom VCm Holdings及相關貸款的減值影響很大。公司在本季度記錄了巨額減值費用,包括$2670萬的商譽減值和$100萬的商標減值,涉及消費品部門。營業費用增加了14.0%,達到$36860萬,而投資的已實現和未實現損失總計達到$(155.7)百萬,相比之下,去年同期則有$1880萬的盈利。資本市場部門特別受到...展開全部
B. Riley Financial報告了2024年第二季度的重大淨虧損,達到$43380萬,而2023年第二季度的凈利潤爲$4380萬。總收入下降了63.5%,降至$14840萬,主要由於貸款公允價值調整導致的$(175.6)百萬和交易損失$(31.3)百萬。結果受到與Freedom VCm Holdings及相關貸款的減值影響很大。公司在本季度記錄了巨額減值費用,包括$2670萬的商譽減值和$100萬的商標減值,涉及消費品部門。營業費用增加了14.0%,達到$36860萬,而投資的已實現和未實現損失總計達到$(155.7)百萬,相比之下,去年同期則有$1880萬的盈利。資本市場部門特別受到與VCm、Freedom VCm和科恩有關貸款的負公允價值調整的影響。展望未來,B. Riley宣佈了一系列戰略舉措,包括以大約$20300萬出售其Great American Group業務,爲其品牌組合進行了一項獲得$18930萬收益的有擔保融資交易,還有計劃將其财富管理業務的一部分出售給Stifel。公司已暫停其普通股股息,優先考慮減少債務,管理層着重通過戰略性剝離和運營改善來增強資產負債表。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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