Great Elm Q3 revenue up 20% to $16.6M; net loss widens to $6.1M; acquires Monomoy REIT mgmt for $10M

Great Elm Group, Inc.

2023-Q3 EPS reported -$0.38 revenue$49,909,000

Consolidated revenue $16.6M (vs $13.8M); net loss $6.1M (vs $2.8M); Adj. EBITDA $1.0M (vs $2.2M).
Acquired Monomoy REIT management agreements for $10M; over 2x AUM; up to $30M growth investment planned.
DME revenue $15.6M (+19.2%); net loss $6.6M (incl. $5.6M intercompany charge); Adj. EBITDA $2.5M vs $3.4M (prior had $2.3M CARES Act benefit).
IM revenue $1.0M (+35.7%); net loss $4.0M (vs $0.7M) due to unrealized losses on GECC investment; Adj. EBITDA ($0.4)M.
Filed S-1 for senior unsecured note offering; terms not disclosed.

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