Great Elm (US:GEG)2025-05-07 22:19Financial Performance - Total revenue for the third quarter grew 15% to $3.2 million, compared to $2.8 million for the prior-year period[6] - GECC base management fees grew over 40% year-over-year due to FPAUM growth[6] - Fiscal 3Q25 revenue grew 15% to $3.2 million, compared to $2.8 million in the prior-year period[26] - Fiscal 3Q25 Adjusted EBITDA was $0.5 million, compared to $1.2 million in Fiscal 3Q24[24] - Net loss from continuing operations was ($4.5) million for Fiscal 3Q25, compared to net loss of ($2.9) million in the prior-year period[26] Assets Under Management - Assets Under Management ("AUM") reached $768 million as of March 31, 2025, a 12% increase from March 31, 2024[29] - Fee-Paying AUM ("FPAUM") was $565 million as of March 31, 2025, up 15% from March 31, 2024[31] - Great Elm ended the quarter with approximately $32 million of cash to deploy across its growing alternative asset management platform[6] Strategic Initiatives - Great Elm launched Monomoy Construction Services, LLC ("MCS") in February 2025 through the acquisition of Greenfield CRE, LLC ("Greenfield")[6] - Great Elm Capital Corp ("GECC") launched a $100 million At-the-Market equity program in May 2025[6] - Through May 6, 2025, Great Elm repurchased approximately 4.8 million shares for approximately $8.7 million, at an average cost of $1.84 per share[6]