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
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,51938,6938,42110,10212,12230,398
Cash and cash equivalents40,51938,6938,42110,10212,12218,593
Short-term investments      11,805
Restricted cash and investments846837963753708716
Receivables9,55011,29311,13611,38210,9539,265
Inventory, net of allowances, customer advances and progress billings1,4701,7501,7531,5441,3361,781
Inventory1,4701,7501,7531,5441,3361,781
Other undisclosed current assets8,9434,88814,40015,25517,281497
Total current assets:61,32857,46136,67339,03642,40042,657
Noncurrent Assets
Operating lease, right-of-use asset5,3925,7755,8196,138  
Property, plant and equipment1,4101,4051,5121,2251,3671,341
Intangible assets, net (including goodwill)65,13966,11366,68767,29067,97361,799
Goodwill50,01050,43350,43350,43350,39745,440
Intangible assets, net (excluding goodwill)15,12915,68016,25416,85717,57616,359
Restricted cash and investments      4,440
Other noncurrent assets1,5051,5841,4571,3281,1961,065
Other undisclosed noncurrent assets60,67162,45962,52363,12269,79069,044
Total noncurrent assets:134,117137,336137,998139,103140,326137,689
TOTAL ASSETS:195,445194,797174,671178,139182,726180,346
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,0078,5057,1565,6385,1585,713
Accounts payable5,0078,5057,1565,6385,1585,713
Deferred revenue5,652     
Debt6,22111,7789,93710,5562,1592,118
Business combination, contingent consideration, liability    9401,135961
Due to related parties1,4181,4941,9462,5064,0062,287
Other undisclosed current liabilities7,2166,9765,5985,0335,6104,325
Total current liabilities:25,51428,75324,63724,67318,06815,404
Noncurrent Liabilities
Long-term debt and lease obligation21,50421,24558,08558,84661,63561,586
Long-term debt, excluding current maturities17,44416,78553,54953,91161,63561,586
Liabilities, other than long-term debt26,88027,18227,68328,52228,81526,120
Due to related parties26,48526,81827,14827,93428,30225,788
Other liabilities395364535588513332
Operating lease, liability4,0604,4604,5364,935  
Other undisclosed noncurrent liabilities52,97753,38876895,2148,029
Total noncurrent liabilities:101,361101,81585,84487,45795,66495,735
Total liabilities:126,875130,568110,481112,130113,732111,139
Temporary equity, carrying amount3,8903,6153,7543,8323,9123,691
Equity
Equity, attributable to parent60,79456,97756,63758,27061,06661,690
Common stock262525252525
Additional paid in capital3,318,1173,317,8733,305,9163,305,7083,305,4153,305,245
Accumulated deficit(3,257,349)(3,260,921)(3,249,304)(3,247,463)(3,244,374)(3,243,580)
Equity, attributable to noncontrolling interest3,8863,6373,7993,9074,0163,826
Total equity:64,68060,61460,43662,17765,08265,516
TOTAL LIABILITIES AND EQUITY:195,445194,797174,671178,139182,726180,346

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

9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
Revenues15,94016,23616,55115,37115,08214,084
Operating leases, income statement, lease revenue6,1015,641
Cost of revenue(7,289)(6,026)(6,178)(6,452)(6,817)(5,647)
Gross profit:8,65110,21010,3738,9198,2658,437
Operating expenses(5,831)(11,219)(10,643)(9,793)(9,842)(8,954)
Operating income (loss):2,820(1,009)(270)(874)(1,577)(517)
Nonoperating income (expense)1,325(11,057)(1,856)(2,162)(374)(390)
Other nonoperating income (expense)3,437(9,303)(223)(466)1,3811,322
Interest and debt expense(2,112)(1,754)(1,633)(1,696)(1,755)(1,712)
Income (loss) from continuing operations before equity method investments, income taxes:2,033(13,820)(3,759)(4,732)(3,706)(2,619)
Other undisclosed income from continuing operations before income taxes2,1121,7541,6331,6961,7551,712
Income (loss) from continuing operations before income taxes:4,145(12,066)(2,126)(3,036)(1,951)(907)
Income tax expense (benefit)(49)14899(242)9531,229
Income (loss) from continuing operations:4,096(11,918)(2,027)(3,278)(998)322
Income (loss) before gain (loss) on sale of properties:4,096(11,918)(2,027)(3,278)(1,048)4,201
Income (loss) from discontinued operations     (50)3,879
Net income (loss):4,096(11,918)(2,027)(3,278)(1,048)4,201
Net income (loss) attributable to noncontrolling interest(524)30118618925435
Net income (loss) available to common stockholders, diluted:3,572(11,617)(1,841)(3,089)(794)4,236

Comprehensive Income ($ in thousands)

9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
Net income (loss):4,096(11,918)(2,027)(3,278)(1,048)4,201
Comprehensive income (loss):4,096(11,918)(2,027)(3,278)(1,048)4,201
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(524)30118618925435
Comprehensive income (loss), net of tax, attributable to parent:3,572(11,617)(1,841)(3,089)(794)4,236

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: