Great Elm Group, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 08, 2023 at 04:54 pm
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Great Elm Group, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was USD 3.31 million compared to USD 1.86 million a year ago. Net income was USD 2.77 million compared to net loss of USD 8.29 million a year ago.
Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to diluted loss per share from continuing operations of USD 0.28 a year ago. Basic earnings per share was USD 0.09 compared to basic loss per share of USD 0.29 a year ago.
Diluted earnings per share was USD 0.08 compared to diluted loss per share of USD 0.29 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.