XML 9 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 2,819 $ 1,879 $ 6,129 $ 3,739
Operating costs and expenses:        
Investment management expenses 2,839 2,311 5,601 4,300
Depreciation and amortization 283 295 566 589
Selling, general and administrative 2,393 2,061 4,108 3,548
Expenses of Consolidated Funds       46
Total operating costs and expenses 5,515 4,667 10,275 8,483
Operating loss (2,696) (2,788) (4,146) (4,744)
Dividends and interest income 2,072 1,439 4,058 2,912
Net realized and unrealized gain on investments 1,204 22,242 4,488 15,445
Net realized and unrealized gain (loss) on investments of Consolidated Funds 114   114 (16)
Interest and other income of Consolidated Funds 128   128  
Gain on sale of controlling interest in subsidiary   10,524   10,524
Interest expense (1,061) (1,955) (2,123) (3,929)
(Loss) income before income taxes from continuing operations (239) 29,462 2,519 20,192
Income tax benefit (expense)   231   (2)
Net (loss) income from continuing operations (239) 29,693 2,519 20,190
Discontinued operations:        
Net income from discontinued operations   35 16 999
Net (loss) income (239) 29,728 2,535 21,189
Less: net income (loss) attributable to non-controlling interest, continuing operations 111 18 111 (1,554)
Less: net income attributable to non-controlling interest, discontinued operations   180   1,504
Net (loss) income attributable to Great Elm Group, Inc. $ (350) $ 29,530 $ 2,424 $ 21,239
Basic net income (loss) per share from:        
Continuing operations $ (0.01) $ 1.03 $ 0.08 $ 0.76
Discontinued operations   (0.01)   (0.02)
Basic net income (loss) per share (0.01) 1.02 0.08 0.74
Diluted net income (loss) per share from:        
Continuing operations (0.01) 0.74 0.08 0.56
Discontinued operations       (0.01)
Diluted net income (loss) per share $ (0.01) $ 0.74 $ 0.08 $ 0.55
Weighted average shares outstanding        
Basic 29,889 28,803 29,734 28,672
Diluted 29,889 40,586 30,916 40,455