Great Elm Group Inc Stock Price, News & Analysis

Great Elm Group (GEG), a diversified holding company, reported fiscal Q3 2022 results showing consolidated revenue of $16.6 million, up from $13.8 million year-over-year. However, net loss from continuing operations widened to $6.1 million from $2.8 million. The company's investment management segment saw revenue increase by 35.7% to $1.0 million, but net loss expanded to $4.0 million. Durable Medical Equipment (DME) revenue rose 19.2% to $15.6 million amidst ongoing supply chain challenges, yet net loss increased to $6.6 million. The company aims to grow through acquisitions, including $10 million for Monomoy REIT management agreements.

Great Elm Group (GEG) announced a strategic acquisition that enhances its investment management segment, acquiring the management agreement for Monomoy Properties REIT for $10 million. The deal, approved by disinterested directors, includes a $15 million initial investment and an intention to invest an additional $15 million over the next year. This acquisition more than doubles GEG's assets under management (AUM) to over $572 million, leveraging GEG's tax attributes for growth. The transaction is seen as transformative, aligning with GEG's strategy to generate attractive long-duration capital returns.

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.