PALM BEACH GARDENS, Fla., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. ("we," "our," "GEG," "Great Elm," or "the Company"), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2024. Fiscal Fourth Quarter 2024 and Recent Highlights Great Elm Capital Corp. ("GECC") raised $34 million of additional debt and equity capital since April 2024. Fee-paying assets under management ("FPAUM") and assets under management ("AUM") ...

cc UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39832 GREAT ELM GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware 85-3622015 (State or other jurisdiction of ...

Revenue Growth - Great Elm Group reported total revenue of $8.9 million for Q4 2024, approximately tripling from $3.0 million in the prior-year period[2]. - For the full fiscal year 2024, total revenue increased 106% to $17.8 million from $8.7 million in fiscal 2023, driven by significant property sales and increased incentive fees[3][8]. - Revenues for Q2 2024 reached $8,918,000, a significant increase of 178.5% compared to $3,026,000 in Q2 2023[19]. - Total revenues for the twelve months ended June 30, 2024, were $17,834,000, up from $8,663,000 for the same period in 2023, an increase of 105.0%[19]. Asset Management - Fee-paying assets under management (FPAUM) and total assets under management (AUM) increased by 6% in Q4 2024, with pro forma FPAUM and AUM reaching approximately $546 million and $749 million, respectively[2]. - FPAUM and AUM increased 17% and 14%, respectively, from June 30, 2023, indicating strong growth in asset management[3]. - Great Elm Capital Corp. raised over $92 million of new capital through July 2024, enhancing its capacity for management and incentive fee revenue[3]. Profitability and Loss - The net loss from continuing operations for Q4 2024 was ($0.6) million, a significant improvement from a net loss of ($5.3) million in the prior-year period[2][8]. - For the full fiscal year 2024, the net loss from continuing operations was ($0.9) million, compared to net income of $14.5 million in fiscal 2023[4][9]. - Net loss from continuing operations for Q2 2024 was $(578,000), a decrease from $(5,256,000) in Q2 2023, reflecting a 89.0% improvement[19]. - Basic net loss per share from continuing operations was $(0.02) for Q2 2024, compared to $(0.18) for Q2 2023[19]. Adjusted EBITDA - Adjusted EBITDA for Q4 2024 was $1.2 million, compared to $0.4 million in the prior-year period[2][8]. - Adjusted EBITDA for Q2 2024 was $1,174,000, compared to $399,000 in Q2 2023, indicating a substantial improvement[20]. Share Repurchase and Expenses - The company repurchased 1.2 million shares for $2.1 million during Q4 2024 and repurchased $4.2 million principal of convertible notes for $2.1 million, realizing a gain of $2.3 million[2][10]. - Total operating costs and expenses decreased to $5,215,000 in Q2 2024 from $6,624,000 in Q2 2023, representing a reduction of 21.2%[19]. - The company incurred non-cash compensation expenses of $688,000 in Q2 2024, slightly down from $701,000 in Q2 2023[20]. Investment Performance - The company reported a net realized gain on investments of $477,000 in Q2 2024, compared to a loss of $(2,187,000) in Q2 2023[19]. New Initiatives - Great Elm launched a private credit fund and a construction management consulting business in fiscal 2024, expanding its service offerings[4][5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39832 Great Elm Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

Exhibit 99.1 GREAT ELM GROUP REPORTS FISCAL 2024 THIRD QUARTER FINANCIAL RESULTS Company to Host Conference Call at 8:30 a.m. ET on May 9, 2024 PALM BEACH GARDENS, Florida, May 8, 2024 – Great Elm Group, Inc. ("we," "our," "GEG," "Great Elm," or "the Company"), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2024. Fiscal Third Quarter 2024 and Other Recent Highlights Management Commentary Jason Reese, Chief Executive Officer of the ...

Fiscal Second Quarter Ended December 31, 2023 NASDAQ: GEG • Great Elm's momentum in real estate continued with three property acquisitions at Monomoy REIT and continued ramp of build-to-suit development at Monomoy BTS 2 • Investment in debt and income-generating securities, direct lending and special situations • Build-to-Suit "BTS" division provides differentiated design-build solutions • Alignment through GEG investment in funds Our Goals • GECC had another strong quarter, and GEG will collect $0.7 millio ...

Great Elm Group, Inc. (NASDAQ:GEG) Q2 2024 Earnings Conference Call February 14, 2024 8:30 AM ET Company Participants Adam Yates – Managing Director Jason Reese – Chief Executive Officer Keri Davis – Chief Financial Officer Conference Call Participants Operator Hello, and welcome to the Great Elm Group Fiscal Second Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] ...

For the transition period from to Commission File Number: 001-39832 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Great Elm Group, Inc. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Registrant's telephone number, including area code) | Securities registered pursuant to Section ...

Great Elm Group, Inc. (NASDAQ:GEG) Q1 2024 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Adam Yates – Portfolio Manager Jason Reese – Chief Executive Officer Keri Davis – Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. My name is Cheryl, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Great Elm Capital Group Earnings Conference Call. All lines have been placed on mute to p ...

| --- | --- | --- | --- | --- | --- | --- | |--------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | November 9, 2023 | | | | | | | | | | | | | | | | Fiscal First Quarter | | | | | | | | Ended September 30, 2023 | | | | | | | | NASDAQ: GEG | | | | | | | | | | | | | | | GEG Fiscal First Quarter Highlights • GEG is a publicly traded alternative asset manager gro ...