---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021660"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:42:04.978096+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-021660
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000143774923021660/0001437749-23-021660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000143774923021660/hnna20230731_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021660
- JSON: https://secwatch.observer/filing/0001437749-23-021660.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021660.txt

## Key facts
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145255/000143774923021660/0001437749-23-021660-index.htm

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