Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 29

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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, and is included in securities and other investments owned, at fair value in the condensed consolidated balance sheets. Other Public Company Equity Investments As of September 30, 2024, the Company had a voting interest of 7% in Synchronoss Technologies, Inc. The Company has significant influence due to the equity ownership interest and board representation for this company. The Company has elected to account for this equity investment under the fair value option. The following tables contain summarized financial information with respect to Synchronoss Technologies, Inc., included below for purposes of the disclosure a quarter in arrears (balance sheet amounts as of June 30, 2024 and September 30, 2023 correspond to amounts as of September 30, 2024 and December 31, 2023, respectively, of the Company; income statement amounts during the three and nine months 

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ended June 30, 2024 and 2023 correspond to amounts during the three and nine months ended September 30, 2024 and 2023, respectively, of the Company), which is the period in which the most recent financial information is available:Synchronoss Technologies, Inc.June 30, 2024December 31, 2023Current assets$75,520 $82,002 Noncurrent assets$220,152 $228,335 Current liabilities$42,401 $47,697 Noncurrent liabilities$210,152 $164,706 Equity attributable to investee$43,119 $97,934 Synchronoss Technologies, Inc.For the three months ended June 30,For the nine months ended June 30,2024202320242023Revenues$43,458 $41,019 $127,825 $124,256 Cost of revenues$10,401 $11,488 $30,916 $34,447 Net income (loss) attributable to investees$78 $(10,979)$(32,582)$(40,297)As of September 30, 2024 and December 31, 2023, the fair value of the equity investment in Synchronoss Technologies, Inc. was $11,212 and $8,780, respectively. These amounts are included in securities and other investments owned in the condensed consolidated balance sheets.Other Equity InvestmentsAs of September 30, 2024, the Company had other equity investments where the Company is considered to have the ability to exercise