Great Elm Q1 revenue $16.5M, net income $0.1M vs year-ago loss; DME and IM improve

Great Elm Group, Inc.

2023-Q1 EPS reported -$0.01 revenue$16,538,000

Consolidated revenue $16.5M (up 7% YoY); net income from continuing ops $0.1M vs loss $3.8M.
DME revenue $15.6M (+6.5%), net income $2.1M (vs -$0.5M), Adj EBITDA $5.1M (vs $2.8M).
IM revenue $1.0M; net loss $0.1M (vs -$1.5M), Adj EBITDA $0.1M.
Acquired MedOne power mobility assets and GECC majority stake in Lenders Funding; invested in Sharp Alpha Fund I.

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