Great Elm Capital Group, Inc. (GEC) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 SOUTH STREET
WALTHAM, MA 02453
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2020
MRQ
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 40,51912,12261,13466,78080,71185,468
Cash and cash equivalents 40,51912,12242,96245,89480,71173,755
Short-term investments   18,17220,886 11,713
Restricted cash and investments 846708578 427
Receivables 9,55010,953421348  
Inventory, net of allowances, customer advances and progress billings 1,4701,336    
Inventory 1,4701,336    
Other undisclosed current assets 8,94317,2811,461886106632
Total current assets: 61,32842,40063,59468,01480,82186,127
Noncurrent Assets
Operating lease, right-of-use asset 5,392
Property, plant and equipment 1,4101,3674141 110
Long-term investments and receivables   2,9192,757  
Due from related parties   2,9192,757  
Intangible assets, net (including goodwill) 65,13967,9739,4004,102 1,895
Goodwill 50,01050,397    
Intangible assets, net (excluding goodwill) 15,12917,5769,4004,102 1,895
Other noncurrent assets 1,5051,196274929301,052
Other undisclosed noncurrent assets 60,67169,79057,3591,688 (300)
Total noncurrent assets: 134,117140,32669,9938,6809302,757
TOTAL ASSETS: 195,445182,726133,58776,69481,75188,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 5,0075,1582,5671,2851,1492,081
Employee-related liabilities   127214520433
Accounts payable 5,0075,1583252521678
Accrued liabilities   2,4081,019108970
Deferred revenue 5,652
Debt 6,2212,1591,999421  
Restructuring reserve   3,6083,6087,338 
Business combination, contingent consideration, liability  1,135    
Other liabilities    1641,7873,152
Deferred revenue and credits   5,005
Due to related parties 1,4184,006 25034,640 
Other undisclosed current liabilities 7,2165,610336  500
Total current liabilities: 25,51418,0688,5105,72844,91410,738
Noncurrent Liabilities
Long-term debt and lease obligation 21,50461,63555,6321,640 29,874
Long-term debt, excluding current maturities 17,44461,63555,632  29,874
Capital lease obligations  1,640  
Liabilities, other than long-term debt 26,88028,8153,5553,1101624,768
Deferred revenue and credits   24,562
Due to related parties 26,48528,3023,2242,924  
Restructuring reserve     16 
Other liabilities 395513331  206
Operating lease, liability 4,060
Derivative instruments and hedges, liabilities    186  
Other undisclosed noncurrent liabilities 52,9775,2141,304   
Total noncurrent liabilities: 101,36195,66460,4914,7501654,642
Total liabilities: 126,875113,73269,00110,47844,93065,380
Temporary equity, carrying amount 3,8903,912    
Equity
Equity, attributable to parent 60,79461,06664,36466,22636,82123,504
Common stock 262525239112
Treasury stock, value      (93)
Additional paid in capital 3,318,1173,305,4153,302,8863,293,6833,249,0853,244,946
Accumulated other comprehensive income      234
Accumulated deficit (3,257,349)(3,244,374)(3,238,547)(3,227,480)(3,212,273)(3,221,695)
Equity, attributable to noncontrolling interest 3,8864,016222(10)  
Total equity: 64,68065,08264,58666,21636,82123,504
TOTAL LIABILITIES AND EQUITY: 195,445182,726133,58776,69481,75188,884

Income Statement (P&L) ($ in thousands)

9/30/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues 64,09851,1805,9354,927 4,505
Operating leases, income statement, lease revenue20,041
Financial services revenue 4,927  
Cost of revenue (25,945)(20,037)(15,274)(5,119) (31,069)
Cost of goods and services sold    (4,779) (31,069)
Gross profit: 38,15331,143(9,339)(192) (26,564)
Operating expenses (37,486)(35,447)(1,130)(4,413)(9,835)(20,731)
Other undisclosed operating income      9,700
Operating income (loss): 667(4,304)(10,469)(4,605)(9,835)(37,595)
Nonoperating income (expense) (13,750)(4,746)(1,201)1,39023910,340
Investment income, nonoperating    1,306672
Debt instrument, convertible, beneficial conversion feature      10,000
Other nonoperating income (expense) (6,555)1,504(130)84233268
Interest and debt expense (7,195)(6,250)(1,071)(6,321)(4,947)(4,332)
Loss from continuing operations before equity method investments, income taxes: (20,278)(15,300)(12,741)(9,536)(14,543)(31,587)
Other undisclosed income (loss) from continuing operations before income taxes 7,1956,2501,071(9,114) (10,000)
Loss from continuing operations before income taxes: (13,083)(9,050)(11,670)(18,650)(14,543)(41,587)
Income tax expense (benefit) (44)2,1823291,2105,103(164)
Loss from continuing operations: (13,127)(6,868)(11,341)(17,440)(9,440)(41,751)
Income (loss) before gain (loss) on sale of properties:(13,127)(3,132)(11,506)(15,237)9,422(41,759)
Income (loss) from discontinued operations  3,736(165)2,20318,862(8)
Net income (loss): (13,127)(3,132)(11,506)(15,237)9,422(41,759)
Net income attributable to noncontrolling interest 15222443930  
Net income (loss) available to common stockholders, diluted: (12,975)(2,908)(11,067)(15,207)9,422(41,759)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss): (13,127)(3,132)(11,506)(15,237)9,422(41,759)
Other comprehensive income (loss)     (234)210
Comprehensive income (loss): (13,127)(3,132)(11,506)(15,237)9,188(41,549)
Comprehensive income, net of tax, attributable to noncontrolling interest 15222443930  
Comprehensive income (loss), net of tax, attributable to parent: (12,975)(2,908)(11,067)(15,207)9,188(41,549)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: