Hennessy Advisors: Q3 revenue $5.7M (-18%), EPS $0.15 (-12%); declares $0.1375 dividend

HENNESSY ADVISORS INC

2023-Q3 EPS reported $0.45 revenue$17,762,000

Revenue $5.7M down 18% YoY; net income $1.1M down 14%; diluted EPS $0.15 down 12%.
Average AUM $2.85B down 17% YoY; total AUM $3.0B down 6%.
Cash net of debt $19.1M up 11% YoY.
Quarterly dividend $0.1375/share payable Sep 6, record Aug 23; annualized yield 7.8%.
Pending acquisition of CCM Equity Fund assets (shareholder vote) to merge into Hennessy Stance ESG ETF.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HENNESSY ADVISORS INC reported the fiscal quarter ended June 30, 2023 results: revenue $5.7 million, net income $1.1 million, EPS $0.15.

Period: the fiscal quarter ended June 30, 2023
Revenue: $5.7 million
Net income: $1.1 million
EPS: $0.15
Result: reported results

Exact text from the filing

Summary Highlights (compared to the prior comparable quarter ended June 30, 2022): ● Total revenue of $5.7 million, a decrease of 18%. ● Net income of $1.1 million, a decrease of 14%. ● Fully diluted earnings per share of $0.15, a decrease of 12%.

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Source: SEC EDGAR

accession 0001437749-23-021660

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