Bryant Riley on aerial economy
From Riley Rosebee Talks With Brett Conrad · · StockMarketTV
“The biggest cost savings really is going to be the movement to electric. Because electric motors take far far less maintenance than gasoline motors. We're going from fuel efficiency. It's the maintenance cost and the uptime and availability to fly but it will be a fraction of the cost as well for fuel. Um, and as you move to autonomy, then you don't have to pay a pilot either.”
On , Bryant Riley, Co-Founder, Chairman & Co-Chief Executive Officer at B. RILEY FINANCIAL INC, spoke about aerial economy during Riley Rosebee Talks With Brett Conrad on StockMarketTV.
About Bryant Riley
Bryant Riley, co-founder, chairman, and co-CEO of B. Riley Financial, discussed the company's 2023 financial results during a February 2024 earnings call. He stated that non-cash write-downs related to Targus and unrealized investment losses masked what he described as a strong year for the majority of the company's subsidiaries, noting that the company delivered increased revenues of over 50% to $1.6 billion and $368 million of operating EBITDA. Riley also said the company reduced its dividend by 50% to reinvest in the business, including repurchasing its debt. He mentioned that the company retained a firm to conduct a review of strategic alternatives for its appraisal and retail liquidation businesses, formerly known as Great American Group, and that the annual report on Form 10-K would be delayed due to the time and resources required for a review of a matter under scrutiny. In a December 2024 interview, Riley, who described himself as a full-time chef and father, spoke about his personal life, including his move from Los Angeles to Las Vegas in 2019 to expand his culinary career. He discussed the joy of being a father to his six-year-old son, stating that his son inspires him and that he values taking moments to "breathe, meditate" and appreciate each day. In earlier appearances, Riley emphasized the importance of fundamental research as the core of his firm, described the company as a contrarian investor that seeks value in companies that "everybody hates," and highlighted the firm's role in providing research, sales, trading, and advisory services to Nasdaq-listed companies.