B. Riley Financial jumps after filing annual report, 2023 financials

Sahres of B Riley Financial after soaring after the company announced the filing of its annual report for the fiscal year ended December 31, 2023. Riley reported total revenue of $1.644B, revised from $1.647N to reflect $3.6Mof adjustments primarily related to accrued fee income and trading income. Net loss available to common shareholders was (108M), revised from ($86.4M) a change of $21.6M. The change primarily relates to the decrease in revenues and adjustments from changes in unrealized gains and losses on investments, net of benefit from income taxes. The unrealized gains and losses on investments primarily related to the company’s Hurley and Justice brand investments. Riley’s total assets as of December 31, 2023 were $6.07B, revised from the preliminary reported amount of $6.10B. The decrease primarily relates to the adjustments in the fair value of securities and other investments. B. Riley Financial shares are up 55%, or $12.03, to $33.75 in early trading.