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
Metric | Beat/Miss | Actual | Consensus 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.)
Comments