secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000950170-24-014661
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group Q2 revenue up 50% to $2.8M; net loss of $0.2M; AUM grows to $655M
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- Revenue $2.8M (+50% YoY); net loss from continuing ops ($0.2M) vs prior-year net income of $29.7M which included large investment gains.
- Adjusted EBITDA $0.6M vs $0.1M prior-year; fee-paying AUM $461M (+5% YoY); total AUM $655M (+6% YoY).
- GECC raised $24M equity via SPV supported by $6M GEG investment; GEG seeded new credit fund GECIF with $6M.
- Board authorized $10M stock repurchase program; modest share repurchases to date.
- Collected $0.7M incentive fees from GECC for third consecutive quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/0000950170-24-014661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/geg-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-014661

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