secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000950170-22-007589
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017022007589/0000950170-22-007589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017022007589/geg-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007589

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