Great elm capital group, inc. (GEC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Management and administration fees

-

-

-

-

-

-

-

-

-

-

-

-

966

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incentive fees

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues:
Revenue from contract with customer

9,762

9,936

8,612

8,981

8,443

9,991

3,724

584

-791

2,523

1,769

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental income

6,474

6,615

6,759

6,101

5,641

5,550

2,749

-

343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

License fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

3

3

-

20

-

-

-

-

10,072

12,332

Maintenance and support

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,913

13,993

Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,925

11,203

Patents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

15,021

10

8

1

4,000

Fee Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Revenue

16,236

16,551

15,371

15,082

14,084

15,541

6,473

2,091

-448

2,523

1,769

-

1,966

1,342

-

-

-

0

0

-

1,251

1,252

1,251

-

-

-

-

85

30

3

3

4

20

5

15,021

-77,428

8

39,911

41,528

Operating costs and expenses:
Investment management expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,658

1,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Durable medical equipment other operating expenses

8,079

7,679

6,849

6,527

5,896

5,843

1,861

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

1,053

1,130

1,067

1,158

987

828

710

562

249

133

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

1,801

1,348

1,786

2,109

1,989

2,039

3,367

1,953

1,728

1,131

1,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

1,546

1,018

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

1,436

-1,297

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance and support

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,981

4,152

Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,594

8,887

Total cost of revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,056

13,478

Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,855

28,050

Research and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,439

11,430

Sales and marketing expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

4

0

78

239

0

0

375

-

-

11,357

10,821

Patent licensing expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,895

9,143

7,582

-

5,646

5,743

4,803

4,705

2,861

3,156

5,559

4,623

3,470

3,272

1,724

-

-

481

439

Patent initiative expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

974

624

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,538

-

2,006

1,396

1,651

-1,386

2,115

2,132

5,072

288

2,278

1,359

1,784

4,960

8,350

4,350

3,791

2,596

2,157

1,212

1,686

-7,407

1,694

4,833

6,612

Restructuring and other related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

-

-

-

-

-77

42

1,349

457

190

141

1,784

551

321

341

856

708

Total operating costs and expenses

17,245

16,821

16,245

16,659

14,601

15,308

8,916

4,652

3,088

3,527

5,137

1,544

4,640

810

2,538

4,782

2,006

1,396

1,651

-25,901

10,010

11,275

12,656

-15,904

7,924

7,102

6,587

9,615

11,257

8,855

9,885

7,648

5,768

6,268

4,336

-

3,009

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,109

29,571

Operating loss

-1,009

-270

-874

-1,577

-517

233

-2,443

-2,561

-3,536

-1,004

-3,368

75

-2,674

532

-2,538

-4,782

-2,006

-1,396

-1,651

22,147

-8,759

-10,023

-11,405

15,904

-7,924

-7,102

-6,587

-9,530

-11,227

-8,852

-9,882

-7,644

-5,748

-6,263

10,685

1,439

-3,001

-4,254

-1,521

Dividends and interest income

491

603

514

515

515

988

547

565

564

959

491

-

490

326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on investment in GECC

-9,794

-826

-983

865

807

-3,639

905

39

-1,219

-1,180

-354

-

-570

-7,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

16

22

24

26

25

27

43

16

38

57

78

85

78

76

88

160

140

105

160

Interest expense

1,754

1,633

1,696

1,755

1,712

1,788

995

711

225

37

98

110

108

2,650

3,453

1,269

1,220

1,255

1,203

1,151

1,104

1,060

1,017

979

936

899

883

31

0

0

3

106

201

67

60

100

203

80

83

Other income, net

0

0

3

-

-

-45

45

0

0

60

-55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-20

11

-

-

73

-47

40

-330

283

23

292

360

-538

449

354

823

-1,081

-18

-25

-237

159

-318

34

-493

-404

185

-40

Loss from continuing operations, before income taxes

-12,066

-2,126

-3,036

-1,951

-907

-4,251

-1,941

-

-4,416

-

-3,384

-947

-2,882

-8,830

-5,991

-5,883

-3,153

-2,698

-2,809

20,676

-9,564

-11,038

-12,106

15,311

-9,373

-7,525

-7,073

-

-

-

-

-

-

-6,572

10,747

-

-

-

-

Income (loss) from continuing operations before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,044

-1,484

Income tax benefit

-148

-99

242

-

-1,229

-

-

-

-182

-

-

-161

-85

-486

-478

-5,303

12

161

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,501

-

-

-

491

681

Income (loss) from continuing operations

-11,918

-2,027

-3,278

-998

322

-4,251

-1,941

-2,521

-4,234

-1,202

-3,384

-786

-2,797

-8,344

-5,513

-902

-3,165

-2,537

-2,836

20,512

-9,564

-11,038

-12,106

-

-

-

-

-8,764

-12,270

-8,813

-9,832

-

-

-

-

-

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,712

-9,073

-

2,063

-3,468

-4,535

-2,165

Discontinued operations:
Gain on sale of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

600

0

-750

-

5,161

-

-

-12,000

0

0

2,236

Gain from discontinued operations, net of tax

-

-

-

-50

3,879

-25

-68

-

-155

-

-

-105

0

210

2,098

18,311

-6,621

-10,139

-7,381

-29,548

-83

80

-12

-

-

-

-

55

-514

-2,797

-4,528

-9,168

-8,986

-1,317

-8,106

-

-7,356

-

-

Income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-155

-

-

-

0

210

2,098

43,003

-6,621

-10,139

-7,381

-

-

-

-

5,964

-58

232

-113

55

86

-2,797

-5,278

35,965

-3,825

-1,317

-8,106

-

-7,356

-

-

Net income (loss)

-11,918

-2,027

-3,278

-1,048

4,201

-4,276

-2,009

-2,531

-4,389

-1,202

-3,384

-891

-2,797

-8,134

-3,415

-

-9,786

-12,676

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: net income (loss) attributable to non-controlling interest

-301

-186

-189

-254

-35

70

-5

-24

-28

-33

-354

-

-278

-166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Great Elm Capital Group

-11,617

-1,841

-3,089

-794

4,236

-4,346

-2,004

-2,507

-4,361

-1,169

-3,030

-1,305

-2,519

-7,968

-3,415

42,101

-9,786

-12,676

-10,217

-9,036

-9,647

-10,958

-12,118

24,343

-9,431

-7,293

-7,186

-8,709

-12,184

-11,610

-15,110

31,853

-9,537

-10,390

2,641

-19,960

-10,824

-4,535

71

Continuing operations

-

-

-0.12

-

-

-

-0.08

-0.10

-0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.10

-0.13

-0.10

-0.11

-

-

-

0.12

-

-

-0.05

-0.03

Discontinued operations

-

-

-

-

-

-

-

0.00

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-0.03

-0.06

-

-

-

-0.09

-

-

0.00

0.03

Net income (loss)

-

-

-0.12

-

-

-

-0.08

-0.10

-0.18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-0.05

0.00

Continuing operations

-

-

-0.12

-

-

-

-0.08

-0.10

-0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.09

-0.07

-0.07

-

-

-

-

-

-

-

0.12

-

-

-

-0.03

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

0.00

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.09

-

-

-

0.03

Net income (loss)

-

-

-0.12

-

-

-

-0.08

-0.10

-0.18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

0.00

Basic and diluted loss per share
Continuing operations

-0.46

-0.07

-

-

0.02

-0.17

-

-

-

-0.05

-0.13

-

-0.11

-0.81

-0.58

-0.09

-0.34

-0.27

-0.30

1.01

-1.03

-1.18

-0.11

-

-

-

-

-

-

-

-

-

-0.07

-0.11

-

-

-0.04

-

-

Discontinued operations

-

-

-

-

0.15

0.00

-

-

-

-

-

-

-0.08

0.02

0.22

4.57

-0.70

-1.08

-0.79

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

-0.01

-

-

-0.09

-

-

Net income (loss) attributable to Great Elm Capital Group

-0.46

-0.07

-

-

0.17

-0.17

-

-

-

-0.05

-0.13

-

-0.11

-0.79

-0.36

4.48

-1.04

-1.35

-1.09

-2.16

-1.03

-1.18

-0.11

0.28

-0.09

-0.07

-0.07

-

-0.13

-0.13

-0.17

-

-0.11

-0.12

-

-

-0.13

-

-

Weighted average shares outstanding
Basic and diluted

25,430

25,402

-

-

25,265

25,187

-

-

-

24,562

23,233

-

23,187

10,073

9,467

9,442

9,432

9,408

9,366

-93,063

9,342

9,325

111,724

-285,027

109,738

109,141

102,144

-

91,018

90,323

89,971

-

86,146

85,594

-

-

-

-

-

Basic

-

-

25,373

-

-

-

25,054

24,712

24,612

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85,482

-

-

84,324

84,017

Diluted

-

-

25,373

-

-

-

25,054

24,712

24,612

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86,432

-

-

-

84,017

Shares used in computing basic and diluted loss per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84,761

-

-

Total other-than-temporary impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

632

439

0

0

Portion of other-than-temporary impairments included in other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net other-than-temporary impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

632

439

0

0

Other investment gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

163

0

0

Total net investment losses in Other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-632

-276

0

0

Investment Management
Revenue from contract with customer

829

889

867

926

1,060

915

940

-

-791

2,523

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

149

664

691

839

996

741

1,449

-

1,090

2,263

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate
Total operating costs and expenses

125

126

124

116

131

342

295

-

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-