Markets.News
Shares of Great Elm Group Inc. (NASDAQ: GEG) saw a significant increase of 51.50% to $3.88 in after-hours trading on Tuesday after the company reported record fourth-quarter net income of $15.7 million from continuing operations and announced major strategic partnerships. In 2025, the Florida-based company experienced its most successful year to date. During the fourth quarter, they achieved a profit of $15.7 million compared to a $0.6 million loss in the same period the previous year. The stock price rose by 24% to $2.65 as of June 30, 2025. Fourth-quarter revenue totaled $5.6 million, down from $8.9 million the previous year when excluding a $6.6 million property sale. Management and incentive fees from Great Elm Capital Corp. (GECC) rose by 253% from $1.1 million to $3.8 million. This information and more can be found on Benzinga.com.