secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055815
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017024055815/0000950170-24-055815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017024055815/geg-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055815

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