Brent morning Thank Adam X you, and team, this and John us our Ehlinger. by Adam, our our Pearson; joined and of good I'm President CFO, morning, Adam everyone. and joining Thank you senior today. for Yates investment COO, members Kleinman;
Where corresponding that in corporate as to companies, and update will prepared through Management, walk operating business their relevant Adam Real slide as the remarks, our general an you we will segments presentation We in point well the referenced. Investment associated financials. our Estate on
to are number which our and objectives shareholders. a focused long-term we're of for achieve success GEC on There
cash M&A. and organically growing focused flow, EBITDA free are We on both DME and via
and believe We done. by successfully flow on is business. Investment to achieve this as growing way under the increase our free we've Management that management focused increasing existing the cash assets are by investments generated best We monetizing recently
focused approach on cash we we to also foundation share multipronged our flows Management This is our per overhead increase as We've equity beyond. corporate how XXXX DME the year GEC to and in businesses. plan at for throughout value grow continuing Investment both and reduce fiscal
turn to to note to X a review Please Slide shareholders.
good million during year-over-year by of our have impact revenue million DME Investment the and EBITDA increased. business. grew COVID-XX, quarter. as both momentum in down of business in adjusted our from year quarter, XX.X% Management the Despite operating DME $X.X generated $X.X the We DME costs negative certain last
pipeline sector. focused an opportunities Prestige in in performance expectations. exceeded developed on of the attractive Importantly, Investment -- which this has potential Capital, resumed add-on of in GECC, Great search DME acquisition or is business, with looking attractive, lines In has product our candidates. Management for in investment its for Corp., internal in We're investments geographic businesses GECC's tangential the markets. has of our part specialty sector It Capital Elm or finance existing of this complementary
order In raising offering completed GECC our proceeds to gross rights successfully $XX.X on pipeline, a capitalize million. in of October,
increase the the in expect Management's proceeds, result We we offering in GECC's profitability. AUM actively increase in and to rights are and revenue an deploying Investment
capitalize of businesses for on our well we new quality and remain the are growth. potential in confident to Importantly, opportunities positioned
X. Slide to turn Please
and Both we year-over-year. loss consolidated EBITDA During XX, reported $X.X million, revenue, $X.X adjusted and ended respectively. $XX.X XXXX, revenue million, quarter million grew EBITDA September and adjusted of the net
are across a intently growing focused pace We at verticals. both revenue faster on and profitability our
value. drivers discuss to X Slide to turn shareholder Please of
in and M&A. companies, monetize verticals. In significant GECC in In In both management, organic acquiring substantial growth we potential, each in our companies undercapitalized objectives we're clear in both through of seek under Myers with focused Estate, have our our and investment vehicles We operating tax managing other Investment on managed investment Fort existing Real to our GECM. by assets assets. we're increase to Management,
very with X. to Please you, for maintain It turn long-term alignment shareholders. important is our us to Slide
almost team fosters shares million X% insiders Our among Including their management, the Board company. and collectively or of shareholders. the and outstanding. our Directors under Directors X significant long-term shares We collectively funds employees, of interest XX% circa own believe manage owns or other of alignment and of this the a
operating year-over-year by for challenging million the meaningful activity. supplies was and moderate first XX revenue generated our offset rental managed growth $X.X Sales in DME strong, revenues. decline to fiscal environment. quarter. Let's million overview quarter DME an turn in of adjusted during revenue $XX.X the company growth to of the Slide generate of of EBITDA despite PAP
of During not the period disrupted referrals sustained driven patient setups in setups by scalability rebounding on patient physician levels. and the reduced pre-COVID PAP to PAP Consequently, focused although and revenue DME yet is setups margins. quarter, physician After did were enhancing new quarter, of Physician COVID. improve periodically to declined due patient throughout year-over-year, investment XX.X% and management platform, growing PAP the referrals new new referrals. the a
pipeline or has for its significant product seeking attractive acquisitions. are tangential We're search incremental at geographic DME near resumed we add-on DME capital focused on our businesses acquisition fund add-on the acquiring Additionally, of in overlap. markets to In candidates. term, debt existing with
expenditure million by quarter Slide payments DME $XXX,XXX free adjusted a EBITDA of to cash free unlevered financing, $XX.X minimal levered million. equipment $XXX,XXX during the to our capital Total generated loss approximately walk the for Please DME the cash on of to use flow was segment. through the Net $X.X of was DME's a business. financial necessary quarter. run $X.X and of flow net million of $X.X aided turn was for was revenue maintenance approximately million. XX update
future quarter $XX.X million June at $XX.X Turning XXXX, as let's environment business. were at to Investment end at assets and experienced in to GECC Slide GECC's Notably, its and finance XXXX. the exceeded to the grew of to operating in and internal $XX.X XX, specialty it the pipeline million profitability the Net develop sector. growth March expectations. XX, stable our Capital GECC outlook XX, Management Revenue profitability for opportunities has discuss compared quarter-over-quarter. The attractive at of approximately million an has investment helped growth has investment that potential that for investment, recent Prestige
As our I should mentioned GECM's offering, in step closed was proceeds and flow. successful a this AUM. capitalize This on cash attractive pipeline. on rights Increasing to raising earlier, GECM's GECC million important increase revenue, increase recently gross in plan an our earnings in AUM order $XX.X to
We for Great Elm to characteristics an to is business the believe high Please discuss the XX generation. its free of and attractive Management to for Management turn cash Investment business due potential flow model, Slide scalable Investment vertical. margins
to With leverage plan Management under either the established meaningful Investment we generate significant increasing Over through grow operating cash the a business growing on our infrastructure, management, to business other free additional GECC embedded the capital investment long by flow assets potential or we by and M&A vehicles. has raises, term, scale. believe BDC Management an Investment
growth to EBITDA increase On fees, translate Slide fees for was XX, free and financials modest which EBITDA net and commensurate Potential adjusted we amount both cash $XXX,XXX break loss, approximately revenues, a a out the administration of include We've should $XXX,XXX. approximately generated adjusted quarter-over-quarter. and Total flow Investment were generation. segment management Management.
Real discuss to XX Slide to Estate. turn Please
of of capital upfront investment leverage a our limited our continued deployed, by amount and to Estate amount XXXX to acquisition been has Real nonrecourse significant taxable help Our a characterized income monetize finance in NOLs.
Let's XX Slide ]. turn X (sic) to [
investment Fort value, in As Myers equity the XXXX. you in will continue and see now expiry between property on the in GEC's the chart, assuming the no to grow appreciation lease
rental the greater Xx capital. debt, in all are from flows stream from Xx XXXX, deploying any without to amortize our than equity growth cash As acquisition utilized investment additional to in
Turning XX. to Slide
for segment financials the Real through walk Estate. Let's
During in rental income million $XX,XXX we and adjusted generated $X.XX quarter, the of in approximately income, net EBITDA. million $X.X
Elm, as generating continue levered slide, investment While the value discussed through of build we amortization prior for to debt. free we flow this on cash in not equity the Great
On General Corporate detail. Great financial review of segment Elm's Slide have we XX, a
driven million GECC shares. $X.X unrealized investment large in loss loss net the in quarter's a $X.X This was on million part by
XXXX, XX, million. is cash of As approximately consolidated is looking actively balance investment September opportunities. GEC's for new GEC $XX.X
how we review a of growth drive Great to summary quarter Investment to through review, at Management, financial Slide fiscal concludes of continue to on goal plan the enhanced value. Great this and achieve DME intend Beyond first That XX, Elm We we shareholder overhead. have results. by Elm's a financial corporate reduced XXXX
for the Let's open call Q&A. up
