Great Elm Group Q2 revenue $16.7M, net loss widens to $4.2M; DME turns profitable

Great Elm Group, Inc.

2023-Q2 EPS reported -$0.17 revenue$33,287,000

Consolidated revenue $16.7M (+9% YoY); net loss from continuing ops $4.2M vs $0.9M loss prior year.
DME segment revenue $15.7M (+8.1%); net income $0.9M (vs loss $2.9M); Adjusted EBITDA $2.6M.
IM segment revenue $1.0M (+34.3%); net loss $2.6M (vs income $3.6M) on unrealized GECC losses.
GECC subsidiary acquired majority of Sterling Commercial Credit for $7.5M ($4.9M cash + $2.6M stock).
Company held ~$952M NOL carryforwards as of June 30, 2021.

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