---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002342"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T19:19:02.204575+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-002342
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000095017023002342/0000950170-23-002342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000095017023002342/hnna-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002342
- JSON: https://secwatch.observer/filing/0000950170-23-002342.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002342.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145255/000095017023002342/0000950170-23-002342-index.htm

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