B. Riley Q3 2023 net loss $75.8M; record revenues $462.3M (+48% YoY); declares $1.00 dividend

BRC Group Holdings, Inc.

2023-Q3 EPS reported -$0.56 revenue$1,300,680,000

Record Q3 total revenues of $462.3M, up 48% YoY; YTD revenues $1.30B, up 86%.
Net loss $75.8M driven by unrealized investment losses and a $35.5M non-cash Targus goodwill impairment.
Operating adjusted EBITDA $107.5M in Q3, up 34% sequentially; YTD $267.8M.
Board declares regular quarterly dividend of $1.00 per share and authorizes $50M share repurchase plan.
Cash and investments $2.05B at quarter-end; raised ~$115M equity and expanded Nomura facility by ~$240M.

item 2.02 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 nine-month period ending September 30, 2023 results: revenue $1.30 billion, net income net loss of $16.3 million, EPS $(0.56) per share.

Period: the nine-month period ending September 30, 2023
Revenue: $1.30 billion
Net income: net loss of $16.3 million
EPS: $(0.56) per share
Result: reported results

Exact text from the filing

30, 2023. Financial Highlights for Three and Nine Months Ended September 30, 2023 ● Record total revenues of $462.3 million in Q3, up 48% year-over-year; Record YTD revenues of $1.30 billion for the first nine months of 2023, up 86% ● Net loss of $75.8 million in Q3 primarily driven by unrealized investment losses related to changes in mark-to-market valuations on

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Group Holdings, Inc. reported the fiscal quarter ended September 30, 2023 results: revenue $462.3 million, net income Net loss of $75.8 million, EPS $(2.53) per share.

Period: the fiscal quarter ended September 30, 2023
Revenue: $462.3 million
Net income: Net loss of $75.8 million
EPS: $(2.53) per share
Result: reported results

Exact text from the filing

results for the three-month and nine-month period ending September 30, 2023. Financial Highlights for Three and Nine Months Ended September 30, 2023 ● Record total revenues of $462.3 million in Q3, up 48% year-over-year; Record YTD revenues of $1.30 billion for the first nine months of 2023, up 86% ● Net loss of $75.8 million in Q3 primarily driven by unrealized

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-084521

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.