Great Elm Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 08, 2024 at 04:41 pm EDT
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Great Elm Group, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 2.79 million compared to USD 1.9 million a year ago. Net loss was USD 3.1 million compared to net income of USD 11.75 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.02 a year ago. Basic loss per share was USD 0.1 compared to basic earnings per share of USD 0.4 a year ago. Diluted loss per share was USD 0.1 compared to diluted earnings per share of USD 0.4 a year ago.
For the nine months, sales was USD 8.92 million compared to USD 5.64 million a year ago. Net loss was USD 0.676 million compared to net income of USD 32.99 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.74 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.56 a year ago. Basic loss per share was USD 0.02 compared to basic earnings per share of USD 1.15 a year ago. Diluted loss per share was USD 0.02 compared to diluted earnings per share of USD 0.85 a year ago.
Great Elm Group, Inc. is an alternative asset management company. The Company is focused 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 and its subsidiaries manage Great Elm Capital Corp., a business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments. Its wholly owned subsidiaries include Great Elm Capital Management, Inc. (GECM), Great Elm Opportunities GP, Inc. (GEO GP), Great Elm Capital GP, LLC (GEC GP), Great Elm FM Acquisition, Inc. (FM Acquisition), Great Elm DME Holdings, Inc. (DME Holdings), Great Elm DME Manager, LLC (DME Manager), and Monomoy BTS Corporation (MBTS), among others.
GREAT ELM GROUP, INC. 
