I'm trying to understand what exactly occurred at B. Riley. I've heard some rumors and want to get a clear picture of the events that unfolded there.
5
answers
CryptoVisionaryGuard
Thu Mar 13 2025
B. Riley's shares experienced a significant surge in New York trading, jumping over 25%.
Enrico
Wed Mar 12 2025
This surge was triggered by the company's overdue quarterly filing, which provided investors with their first formal insight into the firm's performance after more than half a year.
MysticEchoFirefly
Wed Mar 12 2025
The quarterly report revealed crucial financial data that had been eagerly awaited by investors.
Michele
Wed Mar 12 2025
Among the key figures disclosed, the company reported a net loss exceeding $435 million for the three-month period ending June 31.
Riccardo
Wed Mar 12 2025
Investors responded positively to the filing, despite the substantial net loss, possibly viewing it as a step towards greater transparency and accountability.