Reported 10 days ago
B. Riley Financial Inc. reported an estimated loss of $270-$280 million for the three months ending in September and has once again delayed filing its quarterly report with the SEC. This marks the fourth delay this year, attributed partly to challenges following the bankruptcy of Franchise Group Inc., its key holding. The firm's stock has dropped 77% this year, and shareholders are still awaiting updates for previous quarters. Despite these issues, the company plans to focus on its core financial services and aims to address auditor concerns.
Source: YAHOO