secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124520
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group Q1 FPAUM up 24% to $559M, revenue $4.0M (+21% YoY), net income $3.0M
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- FPAUM grew 24% YoY to ~$559M; AUM grew 22% to ~$782M.
- Total revenue $4.0M (+21% YoY); net income from continuing operations $3.0M vs $2.8M.
- Adjusted EBITDA $1.3M vs $1.7M; reversal of $3.5M unrealized losses on SPVs.
- Board authorized additional $10M stock buyback (total $20M); 2.5M shares repurchased for $4.6M.
- GECC reported record total investment income $11.7M; Credit Income Fund returned >11% net since Nov 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000095017024124520/0000950170-24-124520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000095017024124520/geg-20241111.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124520

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