Board of Directors of Heritage Global Inc. appointed Emmett DeMoss to serve as a Class III director, effective as of August 7, 2017. He served as Chief Operating Officer of Grubb & Ellis. He also held positions as a director and senior officer of Docutel.

The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the period, the company announced total revenues of $4,782,000 compared to $3,961,000 a year ago. Operating income was $27,000 compared to loss of $234,000 a year ago. Loss before income tax expense was $184,000 compared to income of $626,000 a year ago. Net loss was $199,000 or $0.01 per basic and diluted share compared to net income of $624,000 or $0.02 per basic and diluted share a year ago. LBITDA was $75,000 compared to EBITDA of $772,000 a year ago. Adjusted EBITDA was $166,000 compared to adjusted LBITDA of $132,000 a year ago. The increase in total Revenue was due to the company executing a greater number of principal transactions in the second quarter of 2017, with asset sales revenue increasing by 223% to $0.8 million in the second quarter of 2017 from $0.3 million in the second quarter of 2016.

For the six months, the company announced total revenues of $9,815,000 compared to $9,381,000 a year ago. Operating income was $420,000 compared to loss of $42,000 a year ago. Income before income tax expense was $83,000 compared to $702,000 a year ago. Net income was $55,000 compared to $684,000 or $0.02 per basic and diluted share a year ago. EBITDA was $285,000 compared to $979,000 a year ago. Adjusted EBITDA was $707,000 compared to $179,000 a year ago.