Overview

* B Riley Securities Q2 rev $60.9 mln, GAAP net income $12.5 mln

* Adjusted net rev $51.5 mln, adjusted net income $8.6 mln

* Co operates debt-free, cash and securities total $94.5 mln

Outlook

* Company continues to see strong at-the-market issuance into Q3

* Company expands variable rate transaction capabilities for flexible financing

* B. Riley Securities strengthens governance with new board appointments

Result Drivers

* CLIENT ACTIVITY - Increased client activity in institutional brokerage and investment banking driven by high market indices, per Co-CEO Jimmy Baker

* AI INVESTMENTS - Over $8 bln raised for AI-driven investments, continuing to drive activity, according to management

* STRATEGIC HIRES - Seven senior hires expanded sector coverage and domain expertise, strengthening key teams, per Co-CEO Andy Moore

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $60.90

Revenue mln

Q2 Net $12.50

Income mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)