Hennessy Advisors Q1 revenue down 28% to $6.1M; EPS $0.15 vs $0.25; dividend $0.1375

HENNESSY ADVISORS INC

2022-Q1 EPS reported $0.15 revenue$6,145,000

Net income $1.1M, down 42% YoY; diluted EPS $0.15, down 40%.
Average AUM $3.0B, down 26% YoY; total AUM $3.0B, down 26%.
Cash net of debt $16.8M, up 18% YoY; dividend of $0.1375/share (5.6% annualized yield) payable March 6.
Launched Hennessy Stance ESG Large Cap ETF (STNC) during the quarter.
CEO cited market turmoil but expressed optimism; balance sheet remains conservative.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HENNESSY ADVISORS INC reported first fiscal quarter of 2023, which ended December 31, 2022 results: revenue $6,144,863, net income $1,119,100, EPS $0.15.

Period: first fiscal quarter of 2023, which ended December 31, 2022
Revenue: $6,144,863
Net income: $1,119,100
EPS: $0.15
Result: reported results

Exact text from the filing

equivalents, net of gross debt, of $16.8 million, an increase of 18%. Financial Highlights Three Months Ended December 31, Change 2022 2021 Dollar Percent Total Revenue $ 6,144,863 $ 8,534,371 $ (2,389,508) -28.0 % Net Income 1,119,100 1,912,532 (793,432) -41.5 % Earnings Per Share (Diluted) 0.15 0.25 (0.10) -40.0 % Weighted Average Number of

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Source: SEC EDGAR

accession 0000950170-23-002342

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