secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0000950170-22-025136
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group Q1 FY2023: revenue $18.6M (+12%), net loss $8.5M; IM revenue up 89%
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- Consolidated revenue $18.6M (+12% YoY); net loss $8.5M vs income $0.1M; Adjusted EBITDA $2.7M vs $4.3M.
- Investment Management revenue $1.9M (+89% YoY), net loss $6.0M driven by $6.8M unrealized loss on GECC shares.
- DME revenue $16.7M (+7% YoY), net income $6.8M (incl. $7.0M derivative benefit); Adjusted EBITDA $3.4M.
- GECC launched Great Elm Healthcare Finance with Berkadia to provide secured lending to healthcare businesses.
- Board amended bylaws to add exclusive forum provision requiring derivative/Securities Act claims in Delaware courts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017022025136/0000950170-22-025136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017022025136/geg-20221114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025136

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