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GEG — Great Elm News Story

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Great Elm Q1 revenue jumps, net loss widens

Overview

Great Elm fiscal Q1 revenue increases significantly, driven by property sale

Company reports fiscal Q1 net loss due to unrealized investment losses

Great Elm raises nearly $250 mln in capital, positioning for future growth

Outlook

Great Elm aims to scale key verticals and grow assets under management

Company plans to leverage balance sheet for growth opportunities

Result Drivers

CAPITAL RAISES - Nearly $250 mln raised in capital to drive future growth and support strategic initiatives

PROPERTY SALE - Revenue increase driven by $7.4 mln from sale of Monomoy BTS property

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$10.79 mln
Q1 Net Income-$7.90 mln
Q1 Adjusted EBITDA-$500,000
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." Press Release: ID:nGNXb60B11 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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