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Investing.com -- B. Riley Financial Inc (NASDAQ:RILY). has failed to meet the deadline for filing its annual report for the third consecutive year, further delaying its return to a regular schedule as it grapples with the fallout from failed investments.
The company was unable to file its Annual Report on Form 10-K for the year ended December 31, 2024, by the required filing date of March 17, 2025. This delay was due to complexities in finalizing the company’s financial statements. The company cited the time and resources spent on several tasks as reasons for the delay.
These tasks included the completion of the quarterly reports for the second and third quarters of 2024, with the most recent quarterly report being filed on February 21, 2025. Additionally, the company also had to finalize the presentation of results for 2022 and 2023, which were influenced by discontinued operations.
Another factor contributing to the delay was the need to finalize the assessment of impairment charges for goodwill and intangible assets, as well as the provision for income taxes. B. Riley Financial Inc. is currently working hard to finalize its financial statements for the year ended December 31, 2024, and aims to file the Annual Report as soon as it is practical.
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