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B Riley extends losses to 10-year low after delay in Q2 results, loss forecast



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** Shares of B Riley Financial RILY.O down 18.4% to $5.75 after several volatility halts

** Stock on track for sixth straight session of losses

** Shares hit 10-year low after RILY said late on Monday it would not be able to file its Q2 report within deadline

** Shares halved on Monday, and extended declines on Tuesday and Wednesday, after co also said it expects a net loss between $435 mln-$475 mln for the quarter ended June 30

** It had posted a net profit available to common shareholders of $44.4 mln in the year-ago period

** Q2 was impacted by non-cash losses, chiefly related to its investment in Vitamin Shoppe parent Franchise Group - co

** Including session's move, RILY down ~73% YTD



Reporting by Pritam Biswas in Bengaluru

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