“The company believes that the current cash and cash equivalents, securities and other investments owned, funds available under our credit facilities, and cash expected to be generated from operating activities will be sufficient to meet our working capital and capital expenditure requirements for at least the next 12 months from issuance date of the accompanying financial statements,” B. Riley Financial (RILY) stated in its quarterly report filed with the SEC.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RILY:
- B Riley Financial put volume heavy and directionally bearish
- B. Riley in talks to replace Nomura as main lender, Bloomberg says
- B. Riley jumps 4% to $4.92 after Bloomberg report of Oaktree lender talks
- BlackRock reports 5.1% passive stake in B. Riley Financial
- Largest borrow rate increases among liquid names