earnings
confidence high
sentiment neutral
materiality 0.50
Great Elm Group reports Q4 revenue $16.3M, net loss $1.4M; DME revenue up 11% YoY
Great Elm Group, Inc.
- Consolidated revenue Q4 $16.3M (up 11% YoY); full-year $60.9M (up 3%).
- Net loss Q4 $1.4M vs income $4.1M a year ago; full-year loss $9.3M improved from $13.3M.
- DME segment Q4 revenue $15.4M; net income $5.9M boosted by $5.4M fair value adjustment on preferred stock.
- IM segment Q4 revenue $0.9M; launched GESOF SPAC fund with $10M seed from GEG.
- GECC raised $31.7M via rights offering and $57M senior notes; closed $25M revolver; $952M NOL carryforwards.