Great Elm Q1 revenue jumps, net loss widens
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Great Elm's fiscal Q1 revenue surged to $10.79 million, primarily due to a $7.4 million property sale, despite a widened net loss of $7.90 million attributed to unrealized investment losses. The company successfully raised nearly $250 million in capital to support future growth and strategic initiatives. Analysts currently rate the stock as a 'hold', contrasting with a 'buy' consensus for its peer group in investment management.
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