Retour

Great Elm Group Reports Fiscal 2024 Third Quarter Financial Results

Calendar Calendar of Events

Company to Host Conference Call at 8:30 a.m. ET on May 9, 2024 Company to Host Conference Call at 8:30 a.m. ET on May 9, 2024

GlobeNewswire Inc. • 08/05/2024 à 22:35:00
Great Elm Group, Inc. Common Stock
Address: 3801 PGA BOULEVARD
Postal Code: 33410
City: PALM BEACH GARDENS
State: FL
Phone Number: (617) 375-3006
Website: https://www.greatelmcap.com
Status: Active
Company Info

Great Elm Group Inc operates as a holding company. It focuses on growing a scalable and diversified portfolio of long-duration, permanent capital vehicles across corporate credit, specialty finance, real estate, and other asset classes. The company's only segment is investment management.

List Date1999-06-11
MarketStocks
LocalUS
Primary ExchangeXNAS
TypeCS
Currency NameUSD
CIK0001831096
Composite figiBBG00YPT1P43
Share Class figiBBG00YPT1Q14
Market Cap58,331,772 USD
SIC Code7372
SIC DescriptionSERVICES-PREPACKAGED SOFTWARE
Total Employees24
Share Class Shares Outstanding31880000
Weighted Shares Outstanding31875285
Round Lot100
Updated date2024-05-19
Stats
Last 5 days
17-05
16-05
15-05
14-05
13-05
Last
1.84
1.791
1.82
1.83
1.805
Variance
2.34%
-1.59%
-1.09%
1.39%
-4.29%
Open
1.798
1.82
1.84
1.805
1.886
Highest
1.88
1.82
1.84
1.837
1.886
Lowest
1.88
1.82
1.84
1.834
1.875
History
PeriodVarhighestlowest
1 week
-2.44%
1.886
1.82
1 month
-2.9%
1.91
1.82
3 month
-6.93%
2.229
1.82
6 month
-7.07%
1.98
1.8
1 year
-8%
2.075
1.59
3 year
-26.1%
2.519
1.4
5 year
-32.6%
3.33
1.4
10 year
-32.6%
3.33
1.4
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-11-08 UNPUB UNPUB UNPUB
Assets 136,242,000 UNPUB UNPUB UNPUB
Current Assets 123,849,000 UNPUB UNPUB UNPUB
Current Liabilities 5,280,000 UNPUB UNPUB UNPUB
Equity 67,321,000 UNPUB UNPUB UNPUB
Equity Attributable To Noncontrolling Interest 0 UNPUB UNPUB UNPUB
Equity Attributable To Parent 67,321,000 UNPUB UNPUB UNPUB
Liabilities 68,921,000 UNPUB UNPUB UNPUB
Liabilities And Equity 136,242,000 UNPUB UNPUB UNPUB
Noncurrent Assets 12,393,000 UNPUB UNPUB UNPUB
Noncurrent Liabilities 63,641,000 UNPUB UNPUB UNPUB
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-11-08 UNPUB UNPUB UNPUB
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow 0 UNPUB UNPUB UNPUB
Net Cash Flow, Continuing 0 UNPUB UNPUB UNPUB
Net Cash Flow From Financing Activities 19,088,000 UNPUB UNPUB UNPUB
Net Cash Flow From Financing Activities, Continuing 18,728,000 UNPUB UNPUB UNPUB
Net Cash Flow From Investing Activities -12,962,000 UNPUB UNPUB UNPUB
Net Cash Flow From Investing Activities, Continuing -12,602,000 UNPUB UNPUB UNPUB
Net Cash Flow From Operating Activities -6,126,000 UNPUB UNPUB UNPUB
Net Cash Flow From Operating Activities, Continuing -6,126,000 UNPUB UNPUB UNPUB
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-11-08 UNPUB UNPUB UNPUB
Comprehensive Income/Loss 2,774,000 UNPUB UNPUB UNPUB
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 UNPUB UNPUB UNPUB
Comprehensive Income/Loss Attributable To Parent 2,774,000 UNPUB UNPUB UNPUB
Other Comprehensive Income/Loss 0 UNPUB UNPUB UNPUB
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-11-08 UNPUB UNPUB UNPUB
Basic Earnings Per Share 0 UNPUB UNPUB UNPUB
Benefits Costs and Expenses 552,000 UNPUB UNPUB UNPUB
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses 4,760,000 UNPUB UNPUB UNPUB
Diluted Earnings Per Share 0 UNPUB UNPUB UNPUB
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax 2,758,000 UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations Before Tax 2,758,000 UNPUB UNPUB UNPUB
Income Tax Expense/Benefit UNPUB UNPUB UNPUB UNPUB
Interest Expense, Operating 1,062,000 UNPUB UNPUB UNPUB
Net Income/Loss 2,774,000 UNPUB UNPUB UNPUB
Net Income/Loss Attributable To Noncontrolling Interest 0 UNPUB UNPUB UNPUB
Net Income/Loss Attributable To Parent 2,774,000 UNPUB UNPUB UNPUB
Net Income/Loss Available To Common Stockholders, Basic 2,774,000 UNPUB UNPUB UNPUB
Operating Expenses 4,760,000 UNPUB UNPUB UNPUB
Operating Income/Loss -1,450,000 UNPUB UNPUB UNPUB
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 UNPUB UNPUB UNPUB
Preferred Stock Dividends And Other Adjustments 0 UNPUB UNPUB UNPUB
Revenues 3,310,000 UNPUB UNPUB UNPUB
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-11-14 2023-02-13 2023-05-05 2023-09-20
Assets 158,278,000 169,690,000 137,382,000 135,893,000
Current Assets 74,729,000 156,169,000 124,272,000 123,138,000
Current Liabilities 24,731,000 44,453,000 5,631,000 7,377,000
Equity 31,028,000 59,122,000 68,457,000 63,842,000
Equity Attributable To Noncontrolling Interest 4,989,000 2,977,000 0 0
Equity Attributable To Parent 26,039,000 56,145,000 68,457,000 63,842,000
Liabilities 124,363,000 107,591,000 68,925,000 72,051,000
Liabilities And Equity 158,278,000 169,690,000 137,382,000 135,893,000
Noncurrent Assets 83,549,000 13,521,000 13,110,000 12,755,000
Noncurrent Liabilities 0 0 63,294,000 64,674,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-11-14 2023-02-13 2023-05-05 2023-09-20
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow -330,000 -6,074,000 64,327,000 33,970,000
Net Cash Flow, Continuing -330,000 -5,580,000 1,058,000 -28,805,000
Net Cash Flow From Financing Activities -84,000 -18,318,000 -29,218,000 -47,620,000
Net Cash Flow From Financing Activities, Continuing -84,000 -18,959,000 -23,356,000 -42,399,000
Net Cash Flow From Investing Activities -2,270,000 12,924,000 97,696,000 83,963,000
Net Cash Flow From Investing Activities, Continuing -2,270,000 16,975,000 26,415,000 16,733,000
Net Cash Flow From Operating Activities 2,024,000 -680,000 -4,151,000 -2,373,000
Net Cash Flow From Operating Activities, Continuing 2,024,000 -3,596,000 -2,001,000 -3,139,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-11-14 2023-02-13 2023-05-05 2023-09-20
Comprehensive Income/Loss -8,539,000 29,728,000 11,748,000 27,680,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent -8,539,000 29,728,000 11,748,000 27,680,000
Other Comprehensive Income/Loss 0 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-11-14 2023-02-13 2023-05-05 2023-09-20
Basic Earnings Per Share 0 1 0 1
Benefits Costs and Expenses 26,922,000 -27,583,000 2,353,000 -6,016,000
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses 19,564,000 4,667,000 4,767,000 19,874,000
Diluted Earnings Per Share 0 1 0 1
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax -8,539,000 29,693,000 -455,000 14,479,000
Income/Loss From Continuing Operations Before Tax -8,343,000 29,462,000 -455,000 14,679,000
Income Tax Expense/Benefit 196,000 -231,000 0 200,000
Interest Expense, Operating 1,996,000 1,955,000 1,095,000 6,074,000
Net Income/Loss -8,539,000 29,728,000 11,748,000 27,680,000
Net Income/Loss Attributable To Noncontrolling Interest -248,000 198,000 0 -50,000
Net Income/Loss Attributable To Parent -8,291,000 29,530,000 11,748,000 27,730,000
Net Income/Loss Available To Common Stockholders, Basic -8,291,000 29,530,000 11,748,000 27,730,000
Operating Expenses 19,564,000 4,667,000 4,767,000 19,874,000
Operating Income/Loss -985,000 -2,788,000 -2,869,000 -11,211,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 0
Preferred Stock Dividends And Other Adjustments 0 0 0 0
Revenues 18,579,000 1,879,000 1,898,000 8,663,000
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2021-11-12 2022-02-10 2022-05-05 2022-09-12
Assets 161,120,000 156,137,000 137,465,000 168,087,000
Current Assets 86,593,000 82,941,000 65,586,000 84,440,000
Current Liabilities 30,959,000 30,223,000 17,566,000 19,694,000
Equity 53,794,000 49,702,000 44,718,000 40,029,000
Equity Attributable To Noncontrolling Interest 10,177,000 9,191,000 9,737,000 6,533,000
Equity Attributable To Parent 43,617,000 40,511,000 34,981,000 33,496,000
Liabilities 104,482,000 103,487,000 90,485,000 125,833,000
Liabilities And Equity 161,120,000 156,137,000 137,465,000 168,087,000
Noncurrent Assets 74,527,000 73,196,000 71,879,000 83,647,000
Noncurrent Liabilities 0 0 72,919,000 106,139,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2021-11-12 2022-02-10 2022-05-05 2022-09-12
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow -2,591,000 3,165,000 -2,210,000 -787,000
Net Cash Flow, Continuing -2,591,000 3,165,000 -2,210,000 -787,000
Net Cash Flow From Financing Activities 1,614,000 -1,026,000 -13,106,000 9,980,000
Net Cash Flow From Financing Activities, Continuing 1,614,000 -1,026,000 -13,106,000 9,980,000
Net Cash Flow From Investing Activities -3,171,000 47,000 -1,402,000 -40,047,000
Net Cash Flow From Investing Activities, Continuing -3,171,000 47,000 -1,402,000 -40,047,000
Net Cash Flow From Operating Activities -1,034,000 4,144,000 12,298,000 29,280,000
Net Cash Flow From Operating Activities, Continuing -1,034,000 4,144,000 12,298,000 29,280,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2021-11-12 2022-02-10 2022-05-05 2022-09-12
Comprehensive Income/Loss 106,000 -4,159,000 -6,135,000 -15,037,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent 106,000 -4,159,000 -6,135,000 -15,037,000
Other Comprehensive Income/Loss 0 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2021-11-12 2022-02-10 2022-05-05 2022-09-12
Basic Earnings Per Share UNPUB UNPUB UNPUB -1
Benefits Costs and Expenses 16,433,000 20,973,000 22,777,000 82,990,000
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses 15,537,000 18,614,000 18,561,000 72,081,000
Diluted Earnings Per Share UNPUB UNPUB UNPUB -1
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax 106,000 -4,159,000 -6,135,000 -15,037,000
Income/Loss From Continuing Operations Before Tax 105,000 -4,224,000 -6,155,000 -15,016,000
Income Tax Expense/Benefit -1,000 -65,000 -20,000 21,000
Interest Expense, Operating 1,362,000 1,362,000 1,354,000 5,786,000
Net Income/Loss 106,000 -4,159,000 -6,135,000 -15,037,000
Net Income/Loss Attributable To Noncontrolling Interest 306,000 79,000 -226,000 -144,000
Net Income/Loss Attributable To Parent -200,000 -4,238,000 -5,909,000 -14,893,000
Net Income/Loss Available To Common Stockholders, Basic -200,000 -4,238,000 -5,909,000 -14,893,000
Operating Expenses 15,537,000 18,614,000 18,561,000 72,081,000
Operating Income/Loss 1,001,000 -1,865,000 -1,939,000 -4,107,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 0
Preferred Stock Dividends And Other Adjustments 0 0 0 0
Revenues 16,538,000 16,749,000 16,622,000 67,974,000
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-02-16 2021-05-14 2021-09-21
Assets UNPUB 199,379,000 215,257,000 161,869,000
Current Assets UNPUB 67,865,000 83,284,000 88,534,000
Current Liabilities UNPUB 20,690,000 35,464,000 33,005,000
Equity UNPUB 62,638,000 64,864,000 63,909,000
Equity Attributable To Noncontrolling Interest UNPUB 5,235,000 9,536,000 9,549,000
Equity Attributable To Parent UNPUB 57,403,000 55,328,000 54,360,000
Liabilities UNPUB 134,174,000 148,338,000 95,321,000
Liabilities And Equity UNPUB 199,379,000 215,257,000 161,869,000
Noncurrent Assets UNPUB 131,514,000 131,973,000 73,335,000
Noncurrent Liabilities UNPUB 0 112,874,000 62,316,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-02-16 2021-05-14 2021-09-21
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow UNPUB UNPUB -8,523,000 -16,118,000
Net Cash Flow, Continuing UNPUB UNPUB -8,523,000 -20,080,000
Net Cash Flow From Financing Activities UNPUB UNPUB 12,866,000 18,340,000
Net Cash Flow From Financing Activities, Continuing UNPUB UNPUB 12,866,000 20,666,000
Net Cash Flow From Investing Activities UNPUB UNPUB -1,913,000 -15,482,000
Net Cash Flow From Investing Activities, Continuing UNPUB UNPUB -1,913,000 -19,839,000
Net Cash Flow From Operating Activities UNPUB UNPUB -19,476,000 -18,976,000
Net Cash Flow From Operating Activities, Continuing UNPUB UNPUB -19,476,000 -20,907,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-02-16 2021-05-14 2021-09-21
Comprehensive Income/Loss UNPUB -946,000 -2,918,000 -8,679,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Comprehensive Income/Loss Attributable To Parent UNPUB -946,000 -2,918,000 -8,679,000
Other Comprehensive Income/Loss UNPUB 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-02-16 2021-05-14 2021-09-21
Basic Earnings Per Share UNPUB 0 0 0
Benefits Costs and Expenses UNPUB 16,320,000 16,836,000 68,368,000
Cost Of Revenue UNPUB UNPUB UNPUB UNPUB
Costs And Expenses UNPUB 17,223,000 14,942,000 64,590,000
Diluted Earnings Per Share UNPUB 0 0 0
Gross Profit UNPUB UNPUB UNPUB UNPUB
Income/Loss From Continuing Operations After Tax UNPUB -1,017,000 -2,991,000 -9,328,000
Income/Loss From Continuing Operations Before Tax UNPUB -996,000 -2,961,000 -7,515,000
Income Tax Expense/Benefit UNPUB -50,000 -43,000 1,813,000
Interest Expense, Operating UNPUB 1,911,000 2,179,000 5,620,000
Net Income/Loss UNPUB -946,000 -2,918,000 -8,679,000
Net Income/Loss Attributable To Noncontrolling Interest UNPUB -597,000 -158,000 -595,000
Net Income/Loss Attributable To Parent UNPUB -349,000 -2,760,000 -8,084,000
Net Income/Loss Available To Common Stockholders, Basic UNPUB -349,000 -2,760,000 -8,084,000
Operating Expenses UNPUB 17,223,000 14,942,000 64,590,000
Operating Income/Loss UNPUB -1,920,000 -1,097,000 -3,737,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic UNPUB 0 0 0
Preferred Stock Dividends And Other Adjustments UNPUB 0 0 0
Revenues UNPUB 15,303,000 13,845,000 60,853,000
Calendar
19 May 2024 (Time UTC) Actual Previous Consensus
★★★
15:30
United States
17 May 2024 (Time UTC) Actual Previous Consensus
15:30
United States
-17800.000
15:30
United States
-60000.000
15:30
United States
53700.000
15:30
United States
-135800.000
★★
15:30
United States
4400.000
15:30
United States
215400.000
15:30
United States
-31400.000
15:30
United States
62600.000
15:30
United States
1300.000
15:30
United States
-9700.000
15:30
United States
199600.000
★★
15:30
United States
15:30
United States
15:30
United States
News Stream
Calendar Calendar of Events
Company to Host Conference Call at 8:30 a.m. ET on May 9, 2024 Company to Host Conference Call at 8:30 a.m. ET on May 9, 2024
GlobeNewswire Inc. • 1w ago
News Long Ideas
The Dow Jones index closed higher by around 0.1% on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Great Elm Group The Trade: Great Elm Group, Inc. (NASDAQ: GEG) 10% owner Imperial Capital Group Holdings II, LLC acquired a total of 124,090 shares an average price of $1.96. To acquire these shares, it cost ...
Benzinga • 2mo ago
Stocks Earnings Releases and Operating Results
Company to Host Conference Call at 8:30 a.m. ET on February 14, 2024 Company to Host Conference Call at 8:30 a.m. ET on February 14, 2024
GlobeNewswire Inc. • 3mo ago
Calendar Calendar of Events
WALTHAM, Mass., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“Great Elm”), (NASDAQ: GEG), today announced plans to release financial results for the fiscal quarter ended December 31, 2023 after the close of market trading on Tuesday, February 13, 2024.
GlobeNewswire Inc. • 3mo ago
Stocks Financing Agreements
PALM BEACH GARDENS, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (the “Company” or “GEG”), (NASDAQ: GEG), an alternative asset manager, today announced it has invested $6 million in a special purpose vehicle which acquired $24 million of common stock in GECC at net asset value (“NAV”).
GlobeNewswire Inc. • 3mo ago
News Long Ideas
The Dow Jones closed lower by over 45 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Collective Audience The Trade: Collective Audience, Inc. (NASDAQ: CAUD) CEO Brent Suen acquired a total of 190,000 shares an average price of $2.03. To acquire these shares, it cost around $385,900. What’s Happening: Collective Audience, Inc. began trading on the Nasdaq under the symbol CAUD on Nov. 3 following the completion of ...
Benzinga • 6mo ago
Stocks Earnings Releases and Operating Results
Company to Host Conference Call at 8:30 a.m. ET on November 9, 2023 Company to Host Conference Call at 8:30 a.m. ET on November 9, 2023
GlobeNewswire Inc. • 6mo ago
Stocks Earnings Releases and Operating Results
Company to Host Conference Call at 8:30 a.m., ET on September 21, 2023 Company to Host Conference Call at 8:30 a.m., ET on September 21, 2023
GlobeNewswire Inc. • 8mo ago
Calendar Calendar of Events
WALTHAM, Mass., Sept. 18, 2023 (GLOBE NEWSWIRE) --  Great Elm Group, Inc. (“Great Elm”), (NASDAQ: GEG), today announced plans to release financial results for the fiscal quarter and full year ended June 30, 2023, after the close of market trading on Wednesday, September 20, 2023.
GlobeNewswire Inc. • 8mo ago
Management Directors and Officers
WALTHAM, Mass., May 15, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” the “Company,” or “GEG”) (NASDAQ: GEG), an alternative asset manager, announced today that Brent Pearson resigned as Chief Financial Officer. The Board of Directors unanimously appointed Keri Davis as CFO effective immediately.   With the assumption of the CFO position at GEG, Ms. Davis expands her role with the Company as she continues in her capacity as CFO of Great Elm Capital Corp. (NASDAQ: GECC), a business development company managed by a subsidiary of GEG.
GlobeNewswire Inc. • 1y ago
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