| Market Capitalization (Millions $) |
67 |
| Shares
Outstanding (Millions) |
30 |
| Employees |
52 |
| Revenues (TTM) (Millions $) |
28 |
| Net Income (TTM) (Millions $) |
-37 |
| Cash Flow (TTM) (Millions $) |
15 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
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: 3801 PGA Boulevard Palm Beach Gardens 33410 FL
Company Phone Number: 375-3006 Stock Exchange / Ticker: NASDAQ GEG
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