- B. Riley Financial Inc (NASDAQ:RILY) said it expects fourth-quarter FY2022 operating adjusted EBITDA of $90 million – $100 million.
- For FY22, it sees an operating adjusted EBITDA of $355 million – $365 million versus $422.0 million reported in FY21.
- The company’s guidance for operating Adjusted EBITDA includes contributions from Targus since its acquisition on October 19, 2022.
- B. Riley also estimates Q4 investment losses of $(125) million – $(150) million and $(405) million) – $(430) million for FY22.
- The company noted the estimated mark-to-market investment losses reflect continued softness in small-cap markets.
- The company expects total cash and investments to be approximately $2.15 billion at 2022-end, with a debt of $2.5 billion.
- Price Action: RILY shares closed lower by 4.13% at $31.88 on Friday.
Red Light Holland, With $12M Cash Balance & Revenue Up 33%, Remains ‘Confident’ In Business Strategy
Canada-based all-mushroom producer Red Light Holland Corp. (OTCQB: TRUFF) filed its quarterly financial statements and management discussion and analysis for the three and six months ended Sept. 30, 2023.
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