Tag: Great Elm Group
Great Elm set to resume ‘more active acquisitions’
February 16, 2021HME News Staff
WALTHAM, Mass. – Great Elm Group reported $14.5 million in total revenue for DME for the three months ended Dec. 31, a 1% increase compared to the same period last year.
It reported a net loss of $2.9 million vs. $700,000.
“DME was able to grow revenue during the quarter despite the continued negative impact of COVID-19 on its business,” said Peter Reed, CEO. “Profitability was depressed during the quarter primarily as a result of legacy revenue reserve issues...