---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026172"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:17:08.711287+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Hennessy Advisors FY2022 revenue down 9.4% to $29.7M; EPS falls 23% to $0.82

## Summary
- Net income $6.2M (-21.7% YoY); diluted EPS $0.82 vs $1.07.
- Total AUM $2.9B, down 28.8%; average AUM $3.6B (-8.6%).
- Cash net of debt $18.2M, up 15.2%; dividend coverage reaffirmed.
- Acquiring Stance Equity ESG Large Cap Core ETF (STNC) expected to close Dec 2022.

## SEC filing metadata
- accession: 0000950170-22-026172
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000095017022026172/0000950170-22-026172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000095017022026172/hnna-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026172
- JSON: https://secwatch.observer/filing/0000950170-22-026172.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026172.txt

## Key facts
- Earnings Releases
  HENNESSY ADVISORS INC reported the fiscal year ended September 30, 2022 results: revenue $29.7 million, net income $6.2 million, EPS $0.82.
  - Period: the fiscal year ended September 30, 2022
  - Revenue: $29.7 million
  - Net income: $6.2 million
  - EPS: $0.82
  - Result: reported results
  source text: Total revenue of $29.7 million, a decrease of 9%. Net income of $6.2 million, a decrease of 22%. Fully diluted earnings per share of $0.82, a decrease of 23%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145255/000095017022026172/0000950170-22-026172-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.