secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0000950170-22-018353
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group reports FY2022 revenue up 12% to $68M; net loss widens to $15M; AUM doubles to $607M
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- Revenue $68.0M (+12% YoY); net loss $(15.0)M vs $(8.5)M; Adj EBITDA $9.3M vs $8.6M.
- Acquired Monomoy REIT management agreement in May 2022; AUM grew from $294.7M to $607.0M.
- DME revenue $63.5M (+10%); DME Adj EBITDA $13.8M (+11%) despite $2.3M less stimulus.
- IM revenue $4.5M (+41%) but Adj EBITDA turned negative $(0.4)M; mark-to-market losses on GECC.
- Issued $26.9M of 7.25% Notes due 2027; cash $23M; insider ownership ~40%; NOLs $821M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017022018353/0000950170-22-018353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017022018353/geg-20220912.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer