Great Elm Group Q3 revenue rises

Great Elm Group, Inc.

Great Elm Group, Inc.

GEG

0.00


Overview

  • US alternative asset manager's fiscal Q3 revenue rose 7% yr/yr

  • Company posted wider net loss, driven by unrealized losses on GECC investments

  • Repurchased over 4% of shares; buyback program expanded to $40 mln


Outlook

  • Company focused on selectively deploying capital and growing assets under management

  • Company maintains strong liquidity with over $45 mln cash to support growth initiatives


Result Drivers

  • UNREALIZED LOSSES - Co said wider net loss was primarily driven by unrealized losses on investments in GECC common stock and related SPVs

  • REAL ESTATE ACTIVITY - Monomoy REIT closed five acquisitions and increased property management fees, contributing to revenue growth

  • COREWEAVE INVESTMENT - Co recorded an unrealized gain from its CoreWeave-related investment, with cumulative distributions exceeding initial investment


Company press release: ID:nGNX8jHCSp


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$3.42 mln

Q3 Net Income

-$13.52 mln

Q3 Adjusted EBITDA

-$1.60 mln


Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy."


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