secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0000950170-23-002636
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group reports Q2 net income $29.7M, sells DME for $80M, Forest for ~$45M
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- Revenue $1.9M (+84% YoY); net income $29.7M vs loss $4.2M; Adj. EBITDA ($1.2M) unchanged.
- Sold DME business for $80M; net cash ~$26M plus 346,028 Quipt shares.
- Sold 61% then 19% of Forest for aggregate ~$45M cash.
- Pro forma cash ~$90M to deploy across alternative asset management platform.
- Retained ~$154M NOL carryforwards, ~$131M expiring June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017023002636/0000950170-23-002636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017023002636/geg-20230213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002636

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