Great Elm (US:GEG)2024-02-12 16:00Financial Performance - Revenues for the three months ended December 31, 2023, increased by 50% to $2.8 million compared to $1.9 million in the same period of 2022[99] - Operating costs and expenses for the three months ended December 31, 2023, rose to $5.5 million, an increase of 18% from $4.7 million in the prior year[99] - Interest expense decreased by 46% to $1.1 million for the three months ended December 31, 2023, down from $2.0 million in the same period of 2022[102] - Other income (net) for the three months ended December 31, 2023, was $3.5 million, a significant decrease of 90% from $34.2 million in the prior year[103] Cash Flow and Assets - Cash flows used in operating activities for the six months ended December 31, 2023, were $19.9 million, compared to $1.6 million in the same period of 2022[104][105] - As of December 31, 2023, GEG had an unrestricted cash balance of $39.1 million and $29.7 million in marketable securities[110] Debt and Liabilities - The company had $26.9 million in outstanding aggregate principal amount of 7.25% notes due on June 30, 2027[112] - GEG's convertible notes outstanding as of December 31, 2023, totaled $38.9 million, accruing interest at 5.0% per annum[113] Investment Opportunities - GEG continues to explore investment management opportunities with no unfunded binding commitments as of the report date[95] Total Assets - GEG's total assets under management as of December 31, 2023, were approximately $654.5 million[94]