Overview

* Great Elm ( GEG ) fiscal Q4 net income $15.7 mln, reversing prior-year loss of $0.6 mln

* Q4 revenue falls to $5.6 mln, but up 140% yr/yr excluding one-time transaction in prior year

* Strategic partnership with Kennedy Lewis provides $150 mln for real estate expansion

Outlook

* Company expects real estate platform expansion with $150 mln from Kennedy Lewis

* Great Elm ( GEG ) anticipates growth from new strategic partnerships and investments

Result Drivers

* COREWEAVE GAINS - Unrealized gains from CoreWeave-related investment and GECC stock price appreciation drove net income

* FEE REVENUE GROWTH - Record management and incentive fees from GECC, up 253% year-over-year, boosted revenue

* NEW REVENUE STREAM - Launch of Monomoy Construction Services contributed to revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 $5.61

Revenue mln

Q4 EPS $0.37

Q4 Net $15.72

Income mln

Q4 $1.50

Adjusted mln

EBITDA

Q4 Net $15.72

Income mln

continui

ng

operatio

ns

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."

* The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 1 three months ago

Press Release:

(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.)