Great Elm Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 05, 2023 at 03:33 pm IST
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Great Elm Group, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 1.9 million compared to USD 0.988 million a year ago. Net income was USD 11.75 million compared to net loss of USD 5.91 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.28 a year ago. Basic earnings per share was USD 0.4 compared to basic loss per share of USD 0.22 a year ago. Diluted earnings per share was USD 0.4 compared to diluted loss per share of USD 0.22 a year ago.
For the nine months, sales was USD 5.64 million compared to USD 2.99 million a year ago. Net income was USD 32.99 million compared to net loss of USD 10.35 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to basic loss per share from continuing operations of USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to diluted loss per share from continuing operations of USD 0.55 a year ago. Basic earnings per share was USD 1.15 compared to basic loss per share of USD 0.38 a year ago. Diluted earnings per share was USD 0.85 compared to diluted loss per share of USD 0.38 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. 