Great Elm Group reports 47% revenue growth; net loss widens on unrealized loss

Great Elm Group, Inc.

2024-Q3 EPS reported -$0.02 revenue$8,916,000

Revenue up 47% YoY to $2.8M; adjusted EBITDA of $1.2M vs loss of $0.3M in prior year.
Net loss from continuing ops of ($2.9M) driven by $2.9M unrealized loss on investment.
Fee-paying AUM up 13% to ~$521M pro forma; GECC raised $58.5M new capital since Dec 2023.
Monomoy BTS signed contract to sell first build-to-suit property, expected close in fiscal Q4.
Board authorized $10M stock repurchase program; modest repurchases to date.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Great Elm Group, Inc. reported fiscal third quarter ended March 31, 2024 results: revenue $2.8 million, net income ($2.9) million.

Period: fiscal third quarter ended March 31, 2024
Revenue: $2.8 million
Net income: ($2.9) million
Result: reported results

Exact text from the filing

GEG reported total revenue of $2.8 million, a 47% increase from $1.9 million in the prior-year period

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Source: SEC EDGAR

accession 0000950170-24-055815

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