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), a diversified alternative asset manager specializing in credit investments and industrial real estate, maintains this centralized news hub for investors and industry observers. Our curated repository provides immediate access to all material developments including earnings announcements, strategic acquisitions, and portfolio updates across the company's credit, real estate, and specialty finance platforms.
This resource serves as a comprehensive tracking tool for GEG's operational milestones, leadership changes, and regulatory filings. Users can efficiently monitor the company's progress in leveraged middle market investments, industrial property developments, and specialty finance initiatives through verified press releases and objective reporting.
Key updates include detailed coverage of Great Elm Capital Corp (business development company), Monomoy Properties REIT activities, and construction management integrations. Bookmark this page for streamlined access to critical information supporting informed analysis of GEG's diversified investment strategies and market positioning.
Great Elm Group (NASDAQ: GEG) reported its fiscal 2024 Q4 and full-year results. Key highlights include:
- Q4 revenue tripled to $8.9 million
- Full-year revenue doubled to $17.8 million
- Q4 net loss from continuing operations improved to ($0.6) million
- Full-year net loss from continuing operations was ($0.9) million
- Q4 Adjusted EBITDA increased to $1.2 million
- Full-year Adjusted EBITDA grew to $4.8 million
- Fee-paying AUM increased 17% year-over-year
- GECC raised over $92 million in new capital
- GEG repurchased 1.2 million shares and $4.2 million of convertible notes
The company made progress in growing its credit and real estate businesses, launching new products, and expanding its platform.
Great Elm Group, Inc. reported financial results for the fiscal third quarter ended March 31, 2024. Key highlights include raising $58.5 million in new capital, a 13% increase in fee-paying assets under management, a 47% growth in total revenue to $2.8 million, and an Adjusted EBITDA of $1.2 million. The company's net loss from continuing operations was ($2.9) million, driven by an unrealized loss on investments. Great Elm Group is focused on scaling its core credit and real estate businesses, launching new investment funds, and diversifying revenue streams.
FAQ
What is the current stock price of Great Elm Group (GEG)?
What is the market cap of Great Elm Group (GEG)?
