---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-033789"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T16:50:29.383867+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hennessy Advisors FY2023 revenue $24M (-19%), EPS $0.63 (-23%), AUM up 5%

## Summary
- Total revenue $24.0M, down 19% YoY from $29.7M.
- Net income $4.8M, diluted EPS $0.63, both down approximately 23%.
- Average AUM $3.0B (-18% YoY); total AUM $3.0B (+5% YoY).
- Cash & equivalents net of debt $20.2M, up 11% from $18.2M.
- 14 of 17 Hennessy Funds posted positive returns for the fiscal year.

## SEC filing metadata
- accession: 0001437749-23-033789
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000143774923033789/0001437749-23-033789-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000143774923033789/hnna20231205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-033789
- JSON: https://secwatch.observer/filing/0001437749-23-033789.json
- Plain text: https://secwatch.observer/filing/0001437749-23-033789.txt

## Key facts
- Earnings Releases
  HENNESSY ADVISORS INC reported the fiscal year ended September 30, 2023 results: revenue $24,019,874, net income $4,770,888, EPS $0.63.
  - Period: the fiscal year ended September 30, 2023
  - Revenue: $24,019,874
  - Net income: $4,770,888
  - EPS: $0.63
  - Result: reported results
  source text: assets of the CCM Small/Mid-Cap Impact Value Fund into our existing ETF,” she added. Summary Highlights for the Fiscal Year (compared to fiscal year 2022): ● Total revenue of $24.0 million, a decrease of 19%. ● Net income of $4.8 million, a decrease of 23%. ● Fully diluted earnings per share of $0.63, a decrease of 23%. ● Average assets under management, upon which
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145255/000143774923033789/0001437749-23-033789-index.htm

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