secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001564590-22-004637
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000156459022004637/0001564590-22-004637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000156459022004637/geg-8k_20220210.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-004637

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