Great Elm (US:GEG)2023-11-09 16:47Financial Performance - GEG's fiscal first quarter revenue increased by 78% to $3310 thousand compared to $1860 thousand in the same period last year[38,63] - Net income from continuing operations was $2758 thousand, a significant improvement from a net loss of $9503 thousand in the prior-year period[38,54] - Adjusted EBITDA for the quarter was $1724 thousand, compared to $729 thousand in the first quarter of the previous fiscal year[38,49] Assets Under Management (AUM) - Total AUM reached $641 million, a 3% increase since September 30, 2022[40,41] - Fee-Paying AUM (FPAUM) grew to $451 million, representing a 5% increase year-over-year[42,43] Balance Sheet - The company ended the quarter with approximately $75900 thousand in cash and marketable securities[2,31] - Total assets were reported at $136242 thousand, slightly up from $135893 thousand as of June 30, 2023[23,24] - The book value per share is approximately $225[30] Strategic Initiatives - GEG's Board of Directors approved a share repurchase program of up to $10 million[2] - Great Elm Capital Corp (GECC) will pay $1300 thousand in incentive fees to GEG, in addition to management fees of $900 thousand[2,4] - Monomoy REIT reported strong NII of $040 per share, covering the $035 distribution[34]