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Great Elm Group (GEG)
NASDAQ:GEG
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 5.49%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated a strong performance with significant revenue growth, successful capital raises, strategic acquisitions, and improvement in net income. The company has maintained a strong financial position with substantial cash reserves and a successful share buyback program.Company Guidance
During the fiscal second quarter of 2025, Great Elm Group achieved significant growth, with a 24% year-over-year increase in total revenue to $3.5 million and a 17% rise in fee-paying assets under management (AUM) to approximately $538 million. The company's strategic moves included launching Monomoy Construction Services through the acquisition of Greenfield CRE and raising $13.2 million in equity for Great Elm Capital Corp (GECC), contributing to a 40% increase in GECC's fee-paying AUM. GECC also announced a 5.7% increase in its quarterly base distribution and declared a special cash distribution due to strong income generation. Great Elm Group ended the quarter with a robust cash position of over $44 million and continued to enhance shareholder value through share repurchases and unique investment opportunities, maintaining a strong balance sheet to support future growth initiatives.Revenue Growth
Total revenue grew 24% year-over-year to $3.5 million, primarily driven by increased revenue from Monomoy BTS and management fees from GECC.
Increased Assets Under Management
Fee-paying assets under management (AUM) increased by 17% year-over-year, reaching approximately $538 million.
Equity Capital Raise
Great Elm Capital Corp. (GECC) raised an additional $13.2 million of equity at net asset value in December 2024, marking the third equity capital raise in calendar 2024.
Net Income Improvement
The company generated net income from continuing operations of $1.4 million for the quarter, compared to a net loss of $0.2 million in the prior year period.
Strategic Acquisition
Acquired Greenfield CRE, expanding real estate capabilities and launching Monomoy Construction Services to enhance construction management expertise.
Share Buyback Program
Repurchased approximately 4.1 million shares for $7.4 million, at an average price of $1.83 per share, representing a 20% discount to book value.
Strong Financial Position
Ended the quarter with over $44 million in cash available to facilitate continued growth across asset management platforms.
High Returns on Investments
GECC declared a special cash distribution of $0.05 per share, driven by the portfolio's strong income generation throughout '24.
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GEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $1.82 | $1.80 | -1.10% |
| Nov 11, 2024 | $1.77 | $1.81 | +2.26% |
| Aug 29, 2024 | $1.79 | $1.79 | 0.00% |
| May 08, 2024 | $1.81 | $1.86 | +2.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Great Elm Group (GEG) report earnings?
Great Elm Group (GEG) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Great Elm Group (GEG) earnings time?
Great Elm Group (GEG) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEG EPS forecast?
Currently, no data Available
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