Great Elm Group

Great Elm Group, Inc. operates as a holding company. It engages in the provision of investment management and real estate management services. It operates through Durable Medical Equipment and Investment Management segments. The Durable Medical Equipment segment includes selling, replacement parts, and supplies to customers. The Investment Management segment consists of management fees and property management fees. The company was founded in 1994 and is headquartered in Waltham, MA.

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Great Elm Group reports strong revenue growth and strategic transformation

Great Elm Group's Q1 2023 earnings call highlighted strong revenue growth and significant changes in the company's focus and management. While facing challenges with losses and potential funding constraints, the company is well-positioned for growth and improved performance under new leadership.

Great Elm Group posts robust Q2 results, eyes alternative investments

Great Elm Group delivered impressive financial results in Q2 2023, driven by revenue growth and strategic transactions.
The company's strong cash position post transactions provides flexibility for capital deployment into promising opportunities.
While facing potential challenges ahead, Great Elm Group is well-positioned to capitalize on opportunities in alternative asset management and strategic investments.

Great Elm Group reports strong revenue growth and strategic transformations

Great Elm Group's Q3 performance showcased significant revenue growth, successful transactions, and strategic transformations under new leadership. While challenges like net losses persist, the company's liquidity position and growth strategies for Monomoy offer opportunities for future expansion. Management's ability to navigate market challenges and drive operational efficiency will be key to sustaining growth momentum.
Overall, Great Elm Group's Q3 earnings call highlighted a resilient performance amidst operational challenges, with a focus on enhancing liquidity, strategic divestitures, and revenue growth. The company's transformation into an alternative asset manager and strong cash position for future deployment position it well for potential growth opportunities.

Great Elm Group achieves milestone in fee income growth strategy

Great Elm Group made strides in expanding its asset base and enhancing management capabilities, despite facing challenges in achieving quarterly profitability.
The company's focus on scalability and efficiency improvements sets the stage for sustainable growth and improved financial performance in the future.
With a strong financial position and strategic goals in place, GEG is well-positioned to capitalize on growth opportunities and drive value for stakeholders.

Great Elm Group (GEG) reports strong Q1 performance and growth outlook

Great Elm Group (GEG) had a robust start to fiscal '24, driven by strong financial performance and strategic focus on key business segments.
While facing challenges such as market uncertainties, the company is well-positioned to capitalize on growth opportunities and enhance shareholder value.
With a solid cash position, successful operational execution, and growth initiatives, GEG is poised for continued success in the asset management sector.

Great Elm Group (GEG) reports strong Q2 performance and growth prospects

Great Elm Group (GEG) delivered a robust performance in Q2 2024, marked by revenue growth, solid EBITDA, and successful capital raises, positioning the company for future success.
Despite facing challenges in a competitive landscape, GEG's strengths in financial management, diversified offerings, and shareholder value focus provide a strong foundation for growth.
By capitalizing on opportunities for expansion, strategic initiatives, and M&A, GEG can navigate challenges, drive performance, and create sustainable value for investors and stakeholders.

Great Elm Group triples revenue, diversifies offerings for sustained growth

Great Elm Group's Q4 2024 earnings call highlighted robust financial performance, successful capital raises, and strategic investments in complementary products. The company's focus on diversification, growth, and financial stability positions it well for future opportunities and sustained profitability.
While facing challenges in maintaining growth momentum and navigating market complexities, Great Elm Group's strong performance, liquidity position, and commitment to innovation provide a solid foundation for long-term success.

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Great Elm Group, Inc. is an alternative asset management company, which engages in the business of growing a portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. The company was founded in 1994 and is headquartered in Palm Beach Gardens, FL.

WALTHAM, Mass., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”), (NASDAQ: GEG), today announced plans to release results for its fiscal 2023 second quarter ended December 31, 2022, on Thursday, February 2, 2023, after the closing of the stock market.

Great Elm Group, Inc. Schedules Fiscal 2023 Second Quarter Earnings Release and Conference Call

During the first week of January 2023, Great Elm Group made two transformative divestures. This includes selling its equity ownership interest in Forest, to JPMorgan, for $45 million (if the 1/15/23 put option is exercised) as well as selling its DME for $80million.

Great Elm Group: Hello Small-Cap World

The Sale of its DME Business Allows Great Elm to Focus Primarily on Investment Management with Additional Cash on its Balance Sheet Available to Fund Strategic Growth Initiatives The Sale of its DME Business Allows Great Elm to Focus Primarily on Investment Management with Additional Cash on its Balance Sheet Available to Fund Strategic Growth Initiatives

Great Elm Group Sells Durable Medical Equipment Business for $80 Million

The sale of a majority of its ownership interest in Forest Investments, Inc. is expected to ultimately raise approximately $45 million of cash on Great Elm Group's Balance Sheet, enhancing its ability to focus exclusively on Investment Management. The sale of a majority of its ownership interest in Forest Investments, Inc. is expected to ultimately raise approximately $45 million of cash on Great Elm Group's Balance Sheet, enhancing its ability to focus exclusively on Investment Management.

Great Elm Group Sells a Majority Interest in Forest Investments, Inc. to an Affiliate of JPMorgan Chase & Co.

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WALTHAM, Mass., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” the “Company,” “GEG,” or “Great Elm”), (NASDAQ: GEG), today announced that Jeff Serota and Tom Harbin have departed the Company's Board of Directors following the conclusion of the 2022 Annual Stockholders' Meeting. Mr. Serota and Mr. Harbin had previously decided not to stand for reelection at this year's meeting.

Great Elm Group Announces Board of Directors Updates

Great Elm Group, Inc. (NASDAQ:GEG ) Q1 2023 Earnings Conference Call November 15, 2022 9:00 AM ET Company Participants Adam Yates - Managing Director Peter Reed - Chief Executive Officer Adam Kleinman - President Brent Pearson - Chief Financial Officer Conference Call Participants Operator Good morning. My name is Chris and I'll be your conference operator today.

Great Elm Group, Inc. (GEG) Q1 2023 Earnings Call Transcript

Company to Host Conference Call at 9:00 a.m. ET on November 15, 2022 Company to Host Conference Call at 9:00 a.m. ET on November 15, 2022

Great Elm Group Reports Fiscal 2023 First Quarter Financial Results

WALTHAM, Mass., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”), (NASDAQ: GEG), today announced plans to release results for its fiscal 2023 first quarter ended September 30, 2022, on Monday, November 14, 2022, after the closing of the stock market.

Great Elm Group, Inc. Schedules Fiscal 2023 First Quarter Earnings Release and Conference Call

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Great Elm Group, Inc. (NASDAQ:GEG ) Q4 2022 Results Conference Call September 12, 2022 9:00 AM ET Company Participants Adam Yates - Managing Director Peter Reed - Chief Executive Officer Adam Kleinman - President Brent Pearson - CFO & CAO Conference Call Participants Brian Alexitch - Greenwich Investment Management Operator Good morning. My name is Rob, and I will be your conference operator today.

Great Elm Group, Inc. (GEG) Q4 2022 Earnings Call Transcript

Company to Host Conference Call at 9:00 a.m. ET on September 13, 2022 Company to Host Conference Call at 9:00 a.m. ET on September 13, 2022

Great Elm Group Reports Fiscal 2022 Fourth Quarter and Full Year Financial Results

WALTHAM, Mass., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”), (NASDAQ: GEG), today announced plans to release results for its fiscal 2022 fourth quarter and full year ended June 30, 2022, on Monday, September 12, 2022, after the closing of the stock market.

Great Elm Group, Inc. Schedules Fiscal 2022 Fourth Quarter and Full Year Earnings Release and Conference Call

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WALTHAM, Mass., June 07, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (the “Company” or “GEG”) (NASDAQ: GEG) announced today the pricing of its underwritten public offering of $25,000,000 aggregate principal amount of its 7.25% unsecured notes due 2027 (the “Notes”), which will result in net proceeds to the Company of approximately $24,200,000 after payment of underwriting discounts and commissions.

Great Elm Group, Inc. Prices Public Offering of $25,000,000 of 7.25% Notes Due 2027

WALTHAM, Mass., June 06, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“GEG”) (NASDAQ: GEG) announced today the commencement of an underwritten public offering of unsecured notes due 2027 (the “Notes”). The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol “GEGGL,” and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined by negotiations between GEG and the underwriters.

Great Elm Group Announces Public Offering of Unsecured Notes

WALTHAM, Mass., May 25, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” the “Company” or “GEG”) (NASDAQ: GEG), a diversified investment management company, today announced that Peter Reed has stepped down from the Company's Board of Directors and that the Board has appointed David Matter as a Director.

Great Elm Group, Inc. Announces the Appointment of Former BlackRock Executive David Matter to its Board

Company to Host Conference Call at 9:00 a.m. ET on May 6, 2022 Company to Host Conference Call at 9:00 a.m. ET on May 6, 2022

Great Elm Group Reports Fiscal 2022 Third Quarter Financial Results

WALTHAM, Mass., May 05, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”) (NASDAQ: GEG), a diversified holding company, today announced that Great Elm Capital Management, Inc. (“GECM”), a subsidiary of GEG, acquired the investment management agreement for Monomoy Properties REIT, LLC (“Monomoy REIT”) and certain other related assets from Imperial Capital Asset Management, LLC (“ICAM”) for an upfront purchase price of $10 million. In connection with the transaction, GEG committed to investing $15 million into Monomoy REIT and intends on investing an additional $15 million in Monomoy REIT over the next 12 months, although it is not contractually obligated to do so.

Great Elm Group Inc. Enters Private REIT Industry Through Acquisition of Management Agreements for Monomoy Properties REIT

Great Elm Group, Inc. (GEG) CEO Peter Reed on Q2 2022 Results - Earnings Call Transcript

Company to Host Conference Call at 9:00 a.m. ET on February 11, 2022 Company to Host Conference Call at 9:00 a.m. ET on February 11, 2022

Great Elm Group Reports Fiscal 2022 Second Quarter Financial Results

WALTHAM, Mass., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”), (NASDAQ: GEG), today announced plans to release results for its fiscal 2022 second quarter ended December 31, 2021, on Friday, February 11, 2022, prior to the opening of the stock market.

Great Elm Group, Inc. Schedules Fiscal 2022 Second Quarter Earnings Release and Conference Call

Company to Host Conference Call at 9:00 a.m. ET on November 12, 2021 Company to Host Conference Call at 9:00 a.m. ET on November 12, 2021

Great Elm Group Reports Fiscal 2022 First Quarter Financial Results

WALTHAM, Mass., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”), (NASDAQ: GEG), today announced plans to release results for its fiscal 2022 first quarter ended September 30, 2021 on Friday, November 12, 2021 prior to the opening of the stock market.

Great Elm Group, Inc. Schedules Fiscal 2022 First Quarter Earnings Release and Conference Call

WALTHAM, Mass., Sept. 28, 2021 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (NASDAQ: GEG) announced today that its Annual Stockholders' Meeting will be held on November 17, 2021. The proxy statement containing the meeting details is expected to be available no later than first week of October to stockholders of record as of September 30, 2021.

News for Great Elm Group Stock (GEG)