secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0000950170-23-048990
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group reports Q4 revenue up 96% YoY to $3.0M; first incentive fees from GECC
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- Q4 revenue $3.0M (+96% YoY); net loss from continuing ops ($5.3M); adjusted EBITDA $0.4M.
- Full-year revenue $8.7M (+92% YoY); net income from continuing ops $14.5M vs loss ($19.3M) prior year.
- Fee-paying AUM $448.7M (+10% YoY); total AUM $639.8M (+5% YoY). First-ever incentive fees from GECC: $1.0M.
- Balance sheet ~$85M cash and Treasuries; sold DME business for $80M netting ~$26M cash plus Quipt shares.
- Leadership: Jason Reese appointed CEO, Keri Davis CFO, Nichole Milz COO during fiscal 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017023048990/0000950170-23-048990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017023048990/geg-20230920.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-048990

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