Overview
Great Elm 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 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/Miss | Actual | Consensus Estimate |
Q4 Revenue | $5.61 mln | ||
Q4 EPS | $0.37 | ||
Q4 Net Income | $15.72 mln | ||
Q4 Adjusted EBITDA | $1.50 mln | ||
Q4 Net Income continuing operations | $15.72 mln |
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: ID:nGNXnTnBb
(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.)