secwatch.observer — SEC 8-K summary
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Issuer:     BRC Group Holdings, Inc. (RILY)
CIK:        0001464790
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001213900-24-043607
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B. Riley Financial Q1 net loss $51M; declares $0.50 dividend
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- Net loss available to common shareholders of $51M vs net income of $15M in Q1 2023; diluted EPS loss of $1.71.
- Total revenues $343M, down 21% YoY; operating revenues (non-GAAP) $379M vs $389M.
- Operating adjusted EBITDA $66M vs $88M; included $59M investment-related losses and $7M investigation costs.
- Declared quarterly dividend of $0.50/share, payable June 11, 2024 to holders of record May 27, 2024.
- Retired $115M of 6.75% 2024 Senior Notes; cash and investments $1.61B; total debt $2.19B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464790/000121390024043607/0001213900-24-043607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464790/000121390024043607/ea0206116-8k_briley.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-043607

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer