Great Elm Group Inc   (GEG)
Other Ticker:  
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
Price: $1.8600 $0.01 0.541%
Day's High: $1.86 Week Perf: -2.11 %
Day's Low: $ 1.86 30 Day Perf: -4.62 %
Volume (M): 0 52 Wk High: $ 2.30
Volume (M$): $ 0 52 Wk Avg: $1.98
Open: $1.86 52 Wk Low: $1.59

 Market Capitalization (Millions $) 78
 Shares Outstanding (Millions) 42
 Employees 381
 Revenues (TTM) (Millions $) -18,572
 Net Income (TTM) (Millions $) 39
 Cash Flow (TTM) (Millions $) 19
 Capital Exp. (TTM) (Millions $) 0

Great Elm Group Inc
We are a holding company looking to buy businesses and assets where our employees and other resources provide us a competitive edge. Durable medical equipment and investment management are the two main operating segments we now have, with general corporate representing unallocated expenses and activities to reach consolidated operations.
Our goal is to build a diversified holding company focused on generating attractive, risk-adjusted returns on investment and long-term value creation. We intend to accomplish this principally through:
continuous review of acquisitions of businesses, securities and assets that generate attractive risk-adjusted returns and exhibit the potential for significant long-term value creation;
expanding and further diversifying assets under management by acquiring management rights to additional permanent or long-dated capital vehicles;
effective use of the skills of our team and our financial resources, including our tax assets, our willingness to create bespoke solutions and our ability to prudently assume risks; and
constant evaluation of the retention and disposition of our operations and holdings.
The federal NOL carryforwards generated prior to fiscal year 2018 will expire from 2022 through 2037. The federal NOL carryforwards generated in fiscal year 2018 or later may be carried forward indefinitely.
Our Durable Medical Equipment Business
We launched our durable medical equipment segment in September 2018 by acquiring two durable medical equipment businesses that specialize in the distribution of respiratory care equipment, including positive air pressure (PAP) equipment and supplies, ventilators and oxygen equipment, and provide sleep study services. Since then, we have grown the business organically through investments in scalability as well as inorganically through tuck-in acquisitions.
Our Investment Management Business
We decided to invest in the asset management business because of our assessment of its ability to generate recurring free cash flows, its growth prospects and our Board of Directors' (our Board) and employees' industry expertise. GECM, our wholly-owned registered investment adviser subsidiary, is an investment adviser providing investment management services to GECC and Monomoy REIT, our largest investment vehicles, as well as private funds, including the Great Elm SPAC Opportunity Fund, LLC (GESOF), and separate accounts for an institutional investor.

   Company Address: 800 South Street Waltham 2453 MA
   Company Phone Number: 375-3006   Stock Exchange / Ticker: NASDAQ GEG


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Financing Agreement

Great Elm Group, Inc (GEG) Bolsters Great Elm Capital Corp (GECC) with $6 Million Investment to Facilitate a $24 Million Equity Raise at Net Asset Value

Published Thu, Feb 8 2024 9:36 PM UTC

Great Elm Group, Inc. (GEG) Bolsters Great Elm Capital Corp. (GECC) with $6 Million Investment to Facilitate a $24 Million Equity Raise at Net Asset Value
PALM BEACH GARDENS, Fla., Feb. 08, 2024 - Great Elm Group, Inc. (GEG), a distinguished alternative asset manager, disclosed its recent strategic investment of $6 million in a special purpose vehicle. The vehicle has su...

Great Elm Group Inc

Great Elm Group Inc Soars to New Heights of Profitability in Q3 2023

During the past week, Great Elm Group Inc's stock experienced a modest increase of 1.12%. However, the year to date performance remains challenging, with a decline of -14.69%. Alongside these market fluctuations, Great Elm Group Inc exhibited noteworthy financial results for the July to September 30, 2023 period. Let us analyze these facts and contemplate the potential implications for the company moving forward.
1. Positive Turnaround in Income:
Great Elm Group Inc displayed promising progress by achieving a positive EPS of $0.08 per share during the reported period. This remarkable upturn compared to the negative EPS of $-0.29 from the previous year and a positive shift from $-0.08 per share in the preceding quarter is encouraging for investors.

Great Elm Group Inc

Great Elm Group Inc Reports $5.257 Million Net Shortfall in Q2 2023, but Shows Progress in Accounts Receivable

Great Elm Group Inc, a Software & Programming company, recently reported its financial results for the fiscal three months ending June 30, 2023. The company's earnings per share for this quarter stood at $-0.08 per share, compared to $-0.16 per share in the same quarter of the previous year. The company had recorded a positive earnings of $0.40 per share in the prior quarter.
During the April to June 30, 2023 interval, Great Elm Group Inc experienced a net shortfall of $-5.257 million, which was higher than the $-4.849 million loss reported in the same period a year ago. Despite this, the company's accounts receivable have shown some progress compared to the previous year, although they still remain below the previous year's level.

Great Elm Group Inc

Great Elm Group Inc Beats Expectations with Impressive 20.85% ROI in Critical Third Quarter

The stock market is constantly evolving and changing. Investors are always on the lookout for companies with a steady growth trajectory that delivers a strong return on investment (ROI). Great Elm Group Inc has achieved exactly that in the third quarter of 2023, with an ROI of 20.85%. It is an impressive feat, especially considering its average ROI of 4.96%.
Despite the setbacks in the net income of the company, Great Elm Group Inc has managed to improve its ROI, which is a promising sign of progress. It goes to show that the company has been focused on creating value for its investors and expanding its operations to new horizons.


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