Welcome to our dedicated page for Great Elm Group news (Ticker: GEG), a resource for investors and traders seeking the latest updates and insights on Great Elm Group stock.
Great Elm Group, Inc. (NASDAQ: GEG) operates as a holding company with a focus on building a diversified portfolio of long-duration, permanent capital vehicles. The company's core operations span across corporate credit, specialty finance, real estate, and other alternative asset classes. Great Elm Group's segmentation is centered on investment management, conducted by an experienced team with over 100 years of combined experience in funding leveraged middle market companies.
Great Elm Group's pioneering investment vehicle is Great Elm Capital Corp. (GECC), a business development company, which exemplifies the firm's strategic approach to capital deployment. The investment team at Great Elm Capital Management has a rich history of managing substantial investments, having deployed over $17 billion into credit investments across more than 550 issuers in 20+ jurisdictions over a 14-year period under Mast Capital Management, LLC.
In addition to GECC, Great Elm Group manages Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust. The company continues to expand its portfolio, focusing on long-term growth and scalability. Recent initiatives highlight the company's commitment to maintaining a strong financial condition and expanding its investment reach.
Latest updates include announcements for their upcoming conference calls and webcasts where they will discuss fiscal year performance and financial results. These events are key opportunities for investors and stakeholders to gain insights into the company's operations and future prospects.
For more information, please visit the official website www.greatelmgroup.com. Investors can also reach out through the provided contact details for media and investor relations queries.
Great Elm Group reported fiscal Q2 2022 results, showing consolidated revenue of $16.7 million, up from $15.3 million year-over-year. However, net loss from continuing operations widened to $4.2 million compared to a loss of $0.9 million in the prior year. The Durable Medical Equipment (DME) segment grew revenue 8.1% to $15.7 million, achieving net income of $0.9 million. Investment Management (IM) revenue increased 34.3% to $1.0 million, but net loss reached $2.6 million.
Great Elm Group, Inc. (NASDAQ: GEG) will release its fiscal 2022 second quarter results on February 11, 2022, before the market opens. The company will also host a conference call and webcast on the same day at 9:00 a.m. ET to discuss these financial results. Interested parties can participate by calling specified numbers and entering Conference ID 2595129. The presentation slides will be available on the company’s website, allowing investors to follow along during the call.
Great Elm Group (GEG) reported its fiscal Q1 2022 results, achieving consolidated revenue of $16.5 million, up from $15.4 million year-over-year. The company posted a net income from continuing operations of $0.1 million, reversing a net loss of $3.8 million a year ago. Adjusted EBITDA increased to $4.3 million from $1.9 million. The Durable Medical Equipment segment saw a revenue rise of 6.5% to $15.6 million, driven by resupply sales and acquisitions. Notably, GEG holds approximately $952 million in net operating loss carryforwards.
Great Elm Group, Inc. (NASDAQ: GEG) will announce its fiscal 2022 first quarter results for the period ending September 30, 2021, on November 12, 2021, before market opening. A conference call and webcast will be held at 9:00 a.m. ET the same day to discuss these financial results. Interested participants can join by calling +1 (844) 559-0750 for domestic calls or +1 (647) 689-5386 for international calls, using Conference ID 6687507. Additional resources will be available on their website.
Great Elm Group, Inc. (NASDAQ: GEG) has announced its Annual Stockholders’ Meeting, scheduled for November 17, 2021. The proxy statement detailing the meeting will be available by the first week of October for stockholders of record as of September 30, 2021. This meeting is part of the company's ongoing efforts to engage with its investors and discuss future business strategies.
Great Elm Group operates in two primary areas: investment management and operating companies.
Great Elm Group (GEG) reported its fiscal 2021 fourth quarter and annual financial results, revealing a consolidated revenue of $16.3 million for the quarter and $60.9 million for the year, compared to $14.7 million and $59.0 million respectively in the prior year. The net loss for the quarter was $1.4 million, down from a net income of $4.1 million the previous year. The Durable Medical Equipment (DME) segment saw revenue increase to $57.6 million, while Investment Management (IM) reported net income of $2.7 million. GEG continues to streamline operations and reduce debt, boasting $952 million in net operating loss carryforwards.
Great Elm Group, Inc. (NASDAQ: GEG) announced its fiscal 2021 fourth quarter results will be released on September 20, 2021, after market close. A conference call and webcast are scheduled for September 21, 2021, at 8:30 a.m. ET to discuss these results. Participants can join by calling +1 (844) 559-0750 or through the webcast available on their website. Great Elm operates in investment management and operating companies, reflecting its dual vertical strategy.
Great Elm Group, Inc. (NASDAQ: GEG) has sold its entire ownership interest in two Class A office buildings in Fort Myers, Florida for $4.6 million to an affiliate of Monomoy Properties, LLC. The sale, which enhances GEG's capitalization by eliminating associated debt, allows for improved operating and leverage ratios. GEG previously acquired the properties for $2.7 million in March 2018. The proceeds from this sale will be reinvested into Monomoy's diversified industrial properties REIT portfolio, offering greater cash flow and liquidity through ongoing dividend payments.
Great Elm Group (GEG) announced its fiscal 2021 third-quarter results, reporting consolidated revenue of $15.1 million, down from $16.2 million. The consolidated net loss improved to $2.9 million from $11.9 million year-over-year, while Adjusted EBITDA rose to $3.6 million from $2.6 million. Key developments included the acquisition of AMPM and signs of business recovery in Durable Medical Equipment (DME) operations despite a revenue decline. Investment Management (IM) reported a net loss of $0.3 million. GEG remains optimistic about future growth opportunities.
Great Elm Group, Inc. (NASDAQ: GEG) will release its fiscal 2021 third quarter results for the period ending March 31, 2021, on May 14, 2021, before market opening. A conference call and webcast will follow at 4:30 p.m. ET on the same day to discuss these financial results. Interested participants can join the call via phone or through a live webcast. Great Elm is focused on investment management and operating companies, positioning itself for future growth. For more details, please refer to the company’s website.
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