Overview

* Great Elm ( GEG ) fiscal Q1 revenue increases significantly, driven by property sale

* Company reports fiscal Q1 net loss due to unrealized investment losses

* Great Elm ( GEG ) raises nearly $250 mln in capital, positioning for future growth

Outlook

* Great Elm ( GEG ) 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/Mis Actual Consensu

s s

Estimate

Q1 $10.79

Revenue mln

Q1 Net -$7.90

Income mln

Q1 -$500,00

Adjusted 0

EBITDA

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:

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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.)