2022-05-05 09:00:49 GEG Great Elm Group
05/05/22 05/0509:00 05/05/2209:00 | Great Elm Group reports Q3 EPS (22c) vs (10c) last yearReports Q3 revenue $16.622M vs $13.845M last year. Peter Reed, Chief Executive Officer, stated, "We have taken steps to execute on our strategy of growing the management of long duration capital vehicles. Today's announcement of the Monomoy transaction exemplifies this strategy. In addition, we have taken steps to grow GECC and its specialty finance platform, including the acquisition of Sterling Commercial Credit in the quarter. Our financial results for the fiscal third quarter of 2022 reinforced the benefits of our unique and diversified business model, spanning long-term investments in high-quality, growing operating companies in addition to our differentiated investment management platform. Our investment in DME continues to perform well despite challenging supply chain conditions." |
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