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8-K: Current report

8-K: Current report

8-K:重大事件
美股SEC公告 ·  2024/08/12 19:20

Moomoo AI 已提取核心信息

B. Riley Financial announced preliminary Q2 2024 results, expecting a net loss of $435-475 million ($14-15 per share), primarily due to a $330-370 million non-cash markdown related to its Franchise Group (FRG) investment and Vintage Capital loan receivable. Additional charges include a $28 million goodwill impairment for Targus and a $25 million deferred tax valuation allowance.The company's Operating Adjusted EBITDA is projected at $50-55 million for Q2. As of June 30, 2024, B. Riley maintained $237 million in cash and cash equivalents, with total cash and investments of approximately $1.1 billion against total debt of $2.16 billion. The company will suspend its common dividend to prioritize deleveraging.Management announced plans to refocus on core financial services businesses while advancing the strategic review of Great American Group. The company will delay its Q2 Form 10-Q filing due to ongoing valuation processes for certain loans and investments.
B. Riley Financial announced preliminary Q2 2024 results, expecting a net loss of $435-475 million ($14-15 per share), primarily due to a $330-370 million non-cash markdown related to its Franchise Group (FRG) investment and Vintage Capital loan receivable. Additional charges include a $28 million goodwill impairment for Targus and a $25 million deferred tax valuation allowance.The company's Operating Adjusted EBITDA is projected at $50-55 million for Q2. As of June 30, 2024, B. Riley maintained $237 million in cash and cash equivalents, with total cash and investments of approximately $1.1 billion against total debt of $2.16 billion. The company will suspend its common dividend to prioritize deleveraging.Management announced plans to refocus on core financial services businesses while advancing the strategic review of Great American Group. The company will delay its Q2 Form 10-Q filing due to ongoing valuation processes for certain loans and investments.
B. Riley Financial公布了2024年第二季度初步业绩,预计净亏损在43500-47500万美元(每股14-15美元),主要由于与其特许经营集团(FRG)投资和Vintage Capital贷款应收款相关的33000-37000万美元非现金减值。额外费用包括Targus的2800万美元商誉减值和2500万美元递延所得税估值准备。该公司的经营调整后EBITDA预计为第二季度5000-5500万美元。截至2024年6月30日,B. Riley维持有23700万美元的现金及现金等价物,总现金和投资约为11亿美元,面对21.6亿美元的总债务。该公司将暂停普通股股息以优先进行去杠杆化。管理层宣布计划重新聚焦于核心金融服务业务,同时推进Great American Group的战略评估。由于某些贷款和投资的持续评估过程,该公司将推迟提交第二季度10-Q表。
B. Riley Financial公布了2024年第二季度初步业绩,预计净亏损在43500-47500万美元(每股14-15美元),主要由于与其特许经营集团(FRG)投资和Vintage Capital贷款应收款相关的33000-37000万美元非现金减值。额外费用包括Targus的2800万美元商誉减值和2500万美元递延所得税估值准备。该公司的经营调整后EBITDA预计为第二季度5000-5500万美元。截至2024年6月30日,B. Riley维持有23700万美元的现金及现金等价物,总现金和投资约为11亿美元,面对21.6亿美元的总债务。该公司将暂停普通股股息以优先进行去杠杆化。管理层宣布计划重新聚焦于核心金融服务业务,同时推进Great American Group的战略评估。由于某些贷款和投资的持续评估过程,该公司将推迟提交第二季度10-Q表。
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