Great Elm Q1 revenue jumps, net loss widens

Reuters11-13
<a href="https://laohu8.com/S/GECC">Great Elm</a> 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

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

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(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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