B. Riley Q4 net loss $59.4M, operating EBITDA $101.8M beats guidance; declares $1.00 dividend

BRC Group Holdings, Inc.

2022-FY EPS reported -$5.95 revenue$1,080,670,000

Q4 total revenues $326.8M; operating revenues $450.4M; operating adjusted EBITDA $101.8M (guided $90-100M).
Q4 GAAP net loss ($59.4M); investment loss ($123.5M) within guided range of ($125-150M).
Full-year 2022 net loss ($167.8M); operating adjusted EBITDA $366.5M, second-best in firm history.
Declared quarterly cash dividend of $1.00/share, payable March 23 to holders of record March 10.
Completed multiple acquisitions in 2022 expected to enhance uncorrelated revenues and cash flow.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Group Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $326.8 million, net income ($59.4 million).

Period: the fourth quarter ended December 31, 2022
Revenue: $326.8 million
Net income: ($59.4 million)
Result: preliminary results

Exact text from the filing

§ Total revenues were $326.8 million for the quarter and $915.5 million for the year. § Operating revenues increased to $450.4 million for the quarter and $1.3 billion for the year. § Net losses of ($59.4 million) for the quarter and ($167.8 million) for the year were primarily driven by softness in small-cap markets throughout 2022 and related impact on investments.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Group Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $915.5 million, net income ($167.8 million).

Period: the fiscal year ended December 31, 2022
Revenue: $915.5 million
Net income: ($167.8 million)
Result: preliminary results

Exact text from the filing

§ Total revenues were $326.8 million for the quarter and $915.5 million for the year. § Operating revenues increased to $450.4 million for the quarter and $1.3 billion for the year. § Net losses of ($59.4 million) for the quarter and ($167.8 million) for the year were primarily driven by softness in small-cap markets throughout 2022 and related impact on investments.

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BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-013670

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