Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 135

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 135
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4 and $0.4 million in sales of goods from bebe in which we acquired a controlling interest and consolidated during the fourth quarter of 2023. Cost of goods sold for the three months ended September 30, 2024 decreased approximately $1.9 million to $40.3 million from $42.2 million during the three months ended September 30, 2023. The decrease in cost of goods sold 

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was primarily attributable to decreases of $4.1 million in the Consumer Products segment and $0.4 million in the Communications segment, partially offset by an increase of $2.6 million from All Other, primarily from Nogin which we acquired in the second quarter of 2024.

Operating Expenses

Direct Cost of Services

Direct cost of services decreased approximately $3.0 million to $49.7 million during the three months ended September 30, 2024 from $52.6 million during the three months ended September 30, 2023. The decrease in direct cost of services was primarily attributable to a decrease of $9.8 million from the Communications segment, partially offset by an increase of $6.8 million from All Other consisting of $3.7 million from bebe in which we acquired a controlling interest and consolidated during the fourth quarter of 2023, $3.0 million from Nogin which we acquired in the second quarter of 2024, and $0.1 million from the regional environmental services business.

Selling, General and Administrative Expenses 

Selling, general and administrative expenses during the three months ended September 30, 2024 and 2023 were comprised of the following:

 Three Months Ended September 30, 2024Three Months EndedSeptember 30, 2023Change  Amount%Amount%Amount %Capital Markets segment $31,270 16.9 %$63,798 31.5 %$(32,528)(51.0)%Wealth Management segment 49,27926.7 %48,966 24.2 %313 0.6 %Financial Consulting segment 19,81310.7 %17,925 8.9 %1,888 10.5 %Communications segment21,53311.7 %28,394 14.0 %(6,861)(24.2)%Consumer Products segment 16,8939.2 %18,809 9.3 %(