New Risk • Jun 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (US$69.0m market cap). Reported Earnings • May 07
Third quarter 2026 earnings released: US$0.45 loss per share (vs US$0.17 loss in 3Q 2025) Third quarter 2026 results: US$0.45 loss per share (further deteriorated from US$0.17 loss in 3Q 2025). Revenue: US$3.42m (up 6.5% from 3Q 2025). Net loss: US$13.7m (loss widened 205% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • May 06
Great Elm Group, Inc. to Report Q3, 2026 Results on May 06, 2026 Great Elm Group, Inc. announced that they will report Q3, 2026 results After-Market on May 06, 2026 Reported Earnings • Feb 05
Second quarter 2026 earnings released: US$0.50 loss per share (vs US$0.042 profit in 2Q 2025) Second quarter 2026 results: US$0.50 loss per share (down from US$0.042 profit in 2Q 2025). Revenue: US$3.01m (down 14% from 2Q 2025). Net loss: US$15.8m (down US$16.9m from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Feb 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$66.5m market cap). Announcement • Feb 03
Great Elm Group, Inc. to Report Q2, 2026 Results on Feb 04, 2026 Great Elm Group, Inc. announced that they will report Q2, 2026 results After-Market on Feb 04, 2026 Announcement • Dec 06
Great Elm Group, Inc. Approves the Appointment of Eric J. Scheyer as Director Great Elm Group, Inc. at its annual meeting of stockholders held on December 5, 2025, approved the appointment of Eric J. Scheyer as director. Reported Earnings • Nov 14
First quarter 2026 earnings released: US$0.27 loss per share (vs US$0.091 profit in 1Q 2025) First quarter 2026 results: US$0.27 loss per share (down from US$0.091 profit in 1Q 2025). Revenue: US$10.8m (up 170% from 1Q 2025). Net loss: US$7.90m (down 400% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Nov 11
Great Elm Group, Inc. to Report Q1, 2026 Results on Nov 12, 2025 Great Elm Group, Inc. announced that they will report Q1, 2026 results After-Market on Nov 12, 2025 New Risk • Oct 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (93% accrual ratio). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (US$93.2m market cap). Announcement • Oct 21
Great Elm Group, Inc., Annual General Meeting, Dec 05, 2025 Great Elm Group, Inc., Annual General Meeting, Dec 05, 2025. Announcement • Oct 19
Great Elm Group, Inc. Announces Retirement of James H. Hugar as A Director Great Elm Group, Inc. announced that on October 13, 2025, James H. Hugar notified the company of his decision to retire and not to stand for re-election at the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”). Mr. Hugar will continue to serve as a director until the date of the 2025 Annual Meeting. Mr. Hugar’s decision is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or procedures. New Risk • Sep 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 93% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (93% accrual ratio). Minor Risk Market cap is less than US$100m (US$91.7m market cap). Reported Earnings • Sep 03
Full year 2025 earnings released: EPS: US$0.47 (vs US$0.047 loss in FY 2024) Full year 2025 results: EPS: US$0.47 (up from US$0.047 loss in FY 2024). Revenue: US$16.3m (down 8.5% from FY 2024). Net income: US$12.9m (up US$14.3m from FY 2024). Profit margin: 79% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Dave Matter was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 10
Third quarter 2025 earnings released: US$0.17 loss per share (vs US$0.10 loss in 3Q 2024) Third quarter 2025 results: US$0.17 loss per share (further deteriorated from US$0.10 loss in 3Q 2024). Revenue: US$3.21m (up 15% from 3Q 2024). Net loss: US$4.50m (loss widened 45% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 03
Great Elm Group, Inc. to Report Q3, 2025 Results on May 07, 2025 Great Elm Group, Inc. announced that they will report Q3, 2025 results After-Market on May 07, 2025 Announcement • Feb 07
Great Elm Group, Inc. Announces Quarterly Base Distribution for the First Quarter of 2025 Great Elm Group, Inc. announced a 5.7% increase on its quarterly base distribution to $0.37 per share for the first quarter of 2025 (compared to the prior $0.35 per share). Reported Earnings • Feb 06
Second quarter 2025 earnings released: EPS: US$0.042 (vs US$0.012 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.042 (up from US$0.012 loss in 2Q 2024). Revenue: US$3.51m (up 24% from 2Q 2024). Net income: US$1.18m (up US$1.53m from 2Q 2024). Profit margin: 34% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
First quarter 2025 earnings released: EPS: US$0.091 (vs US$0.093 in 1Q 2024) First quarter 2025 results: EPS: US$0.091 (down from US$0.093 in 1Q 2024). Revenue: US$3.99m (up 21% from 1Q 2024). Net income: US$2.64m (down 4.3% from 1Q 2024). Profit margin: 66% (down from 83% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Great Elm Group, Inc., Annual General Meeting, Dec 04, 2024 Great Elm Group, Inc., Annual General Meeting, Dec 04, 2024. Reported Earnings • Aug 30
Full year 2024 earnings released: US$0.047 loss per share (vs US$0.56 profit in FY 2023) Full year 2024 results: US$0.047 loss per share (down from US$0.56 profit in FY 2023). Revenue: US$17.8m (up 106% from FY 2023). Net loss: US$1.40m (down 109% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
Third quarter 2024 earnings released: US$0.10 loss per share (vs US$0.016 loss in 3Q 2023) Third quarter 2024 results: US$0.10 loss per share (further deteriorated from US$0.016 loss in 3Q 2023). Revenue: US$2.79m (up 47% from 3Q 2023). Net loss: US$3.10m (loss widened US$2.65m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (US$55.6m market cap). Reported Earnings • Feb 14
Second quarter 2024 earnings released: US$0.012 loss per share (vs US$1.03 profit in 2Q 2023) Second quarter 2024 results: US$0.012 loss per share (down from US$1.03 profit in 2Q 2023). Revenue: US$2.82m (up 50% from 2Q 2023). Net loss: US$350.0k (down 101% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Feb 10
Great Elm Group, Inc. to Report Q2, 2024 Results on Feb 13, 2024 Great Elm Group, Inc. announced that they will report Q2, 2024 results After-Market on Feb 13, 2024 New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (US$58.7m market cap). Announcement • Nov 11
Great Elm Group, Inc. (NasdaqGS:GEG) announces an Equity Buyback for $10 million worth of its shares. Great Elm Group, Inc. (NasdaqGS:GEG) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. Reported Earnings • Nov 10
First quarter 2024 earnings released: EPS: US$0.093 (vs US$0.28 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.093 (up from US$0.28 loss in 1Q 2023). Revenue: US$3.31m (up 78% from 1Q 2023). Net income: US$2.76m (up US$10.7m from 1Q 2023). Profit margin: 83% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Great Elm Group, Inc. to Report Q1, 2024 Results on Nov 08, 2023 Great Elm Group, Inc. announced that they will report Q1, 2024 results After-Market on Nov 08, 2023 New Risk • Oct 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (US$58.9m market cap). Announcement • Oct 28
Great Elm Group, Inc., Annual General Meeting, Dec 13, 2023 Great Elm Group, Inc., Annual General Meeting, Dec 13, 2023, at 08:30 Eastern Standard Time. Agenda: To consider election of each of Matthew A. Drapkin, James H. Hugar, David Matter, James P. Parmelee, Jason W. Reese and Eric J. Scheyer to serve as members of the Board of Directors of the Corporation until the earlier of their death, resignation, removal or election of their successor; to consider ratification of the selection of Grant Thornton LLP to serve as the Corporation's independent registered public accounting firm for the fiscal year ending June 30, 2024; to consider approval, on an advisory basis, of the compensation of the Corporation's named executive officers; and to consider other business issues. Announcement • Sep 19
Great Elm Group, Inc. to Report Q4, 2023 Results on Sep 20, 2023 Great Elm Group, Inc. announced that they will report Q4, 2023 results After-Market on Sep 20, 2023 New Risk • Sep 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (US$62.0m market cap). Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.21, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 22x in the Healthcare industry in the US. Total returns to shareholders of 12% over the past three years. Reported Earnings • May 07
Third quarter 2023 earnings released: US$0.016 loss per share (vs US$0.22 loss in 3Q 2022) Third quarter 2023 results: US$0.016 loss per share (improved from US$0.22 loss in 3Q 2022). Revenue: US$1.90m (down 89% from 3Q 2022). Net loss: US$455.0k (loss narrowed 92% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 06
Great Elm Group, Inc. Announces CEO Changes Great Elm Group, Inc. On May 4, 2023, Peter A. Reed resigned as Chief Executive Officer of the Company. Mr. Reed will continue to be available for consultation through May 5, 2024. On May 4, 2023, the Company appointed Jason W. Reese, age 57, as the Company’s Chairman and Chief Executive Officer, effective immediately following Mr. Reed’s resignation. Mr. Reese has been the Executive Chairman of the Company’s Board of Directors (the “Board”) since February 2020. Mr. Reese is the Co-Founder, Chairman and Chief Executive Officer of Imperial Capital Asset Management, LLC (“ICAM”) and the Co-Founder of Imperial Capital, LLC (“Imperial Capital”), both founded in 1997. ICAM is a registered investment advisor which has managed various hedge funds, investment partnerships, a private REIT and a private equity fund. Imperial Capital is a registered broker-dealer and an affiliate of ICAM. Prior to ICAM and Imperial Capital, Mr. Reese was a principal with Gordon Investment Corporation, a merchant banking firm in New York and Dallas, where he focused on investing in distressed real estate transactions, high yield securities and leveraged buyouts. Prior to his time with Gordon, Mr. Reese worked in the Corporate Finance Group at PaineWebber in New York. Mr. Reese is currently on the board of directors of City Ventures, LLC, a California-based private home builder. Mr. Reese graduated with honors from Yale University with a B.S. in Electrical Engineering. Reported Earnings • Feb 15
Second quarter 2023 earnings released: EPS: US$1.03 (vs US$0.16 loss in 2Q 2022) Second quarter 2023 results: EPS: US$1.03 (up from US$0.16 loss in 2Q 2022). Revenue: US$1.88m (down 89% from 2Q 2022). Net income: US$29.7m (up US$33.9m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Great Elm Group, Inc. to Report Q2, 2023 Results on Feb 02, 2023 Great Elm Group, Inc. announced that they will report Q2, 2023 results After-Market on Feb 02, 2023 Announcement • Jan 05
J.P. Morgan Broker-Dealer Holdings Inc. acquired 61% stake in Great Elm DME, Inc. from Great Elm Group, Inc. (NasdaqGS:GEG) for approximately $18 million. J.P. Morgan Broker-Dealer Holdings Inc. acquired 61% stake in Great Elm DME, Inc. from Great Elm Group, Inc. (NasdaqGS:GEG) for approximately $18 million on December 30, 2022. After the transaction GEG remaining 19% ownership interest in Forest. Alain Dermarkar and Ryan Bray of Shearman & Sterling LLP acted as legal advisor to Great Elm Group, Inc. (NasdaqGS:GEG).
J.P. Morgan Broker-Dealer Holdings Inc. completed the acquisition of 61% stake in Great Elm DME, Inc. from Great Elm Group, Inc. (NasdaqGS:GEG) on December 30, 2022. Reported Earnings • Nov 16
First quarter 2023 earnings released: US$0.29 loss per share (vs US$0.008 loss in 1Q 2022) First quarter 2023 results: US$0.29 loss per share (further deteriorated from US$0.008 loss in 1Q 2022). Revenue: US$18.6m (up 12% from 1Q 2022). Net loss: US$8.29m (loss widened US$8.09m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year. Reported Earnings • Sep 13
Full year 2022 earnings released: US$0.56 loss per share (vs US$0.34 loss in FY 2021) Full year 2022 results: US$0.56 loss per share (further deteriorated from US$0.34 loss in FY 2021). Revenue: US$68.0m (up 12% from FY 2021). Net loss: US$14.9m (loss widened 72% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Jun 14
Director recently bought US$74k worth of stock On the 13th of June, David Matter bought around 31k shares on-market at roughly US$2.39 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$131k more in shares than they have sold in the last 12 months. Reported Earnings • May 06
Third quarter 2022 earnings released: US$0.22 loss per share (vs US$0.11 loss in 3Q 2021) Third quarter 2022 results: US$0.22 loss per share (down from US$0.11 loss in 3Q 2021). Revenue: US$16.6m (up 9.9% from 3Q 2021). Net loss: US$5.91m (loss widened 114% from 3Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: US$0.16 loss per share (down from US$0.014 loss in 2Q 2021). Revenue: US$16.7m (up 1.0% from 2Q 2021). Net loss: US$4.24m (loss widened US$3.89m from 2Q 2021). Revenue missed analyst estimates by 2.0%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
First quarter 2022 earnings released: US$0.008 loss per share (vs US$0.15 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were flat. First quarter 2022 results: Revenue: US$16.5m (flat on 1Q 2021). Net loss: US$200.0k (loss narrowed 95% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Third quarter 2021 earnings released: US$0.11 loss per share (vs US$0.46 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$15.1m (down 6.9% from 3Q 2020). Net loss: US$2.76m (loss narrowed 76% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: US$3.45 The company is up 30% from its price of US$2.66 on 01 December 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Healthcare industry, which is up 2.0% over the same period. Reported Earnings • Feb 18
Second quarter 2021 earnings released: US$0.014 loss per share (vs US$0.072 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: US$16.6m (flat on 2Q 2020). Net loss: US$349.0k (loss narrowed 81% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.