HENNESSY ADVISORS INC reported second fiscal quarter ended March 31, 2026 results: revenue $8,132,584, net income 1,909,709, EPS 0.24.
“the firm for the future while maintaining financial discipline today.” Summary Highlights (compared to the prior comparable quarter ended March 31, 2025): ● Total revenue of $8.1 million, a decrease of 12%. ● Net income of $1.9 million, a decrease of 26%. ● Fully diluted earnings per share of $0.24, a decrease of 27%. ● Average assets under management, upon which”
Earnings Releases
HENNESSY ADVISORS INC reported its second fiscal quarter of 2024, which ended March 31, 2024 results: revenue $6,939,977, net income $1,539,823, EPS $0.20.
“of 36%. ● Cash and cash equivalents, net of gross debt, of $19.3 million, an increase of 10%. Three Months Ended March 31, Change 2024 2023 Dollar Percent Total Revenue $ 6,939,977 $ 5,915,644 $ 1,024,333 17.3 % Net Income 1,539,823 1,194,430 345,393 28.9 % Earnings Per Share (Diluted) 0.20 0.16 0.04 25.0 % Weighted Average Number of Shares Outstanding”
“Effective as of May 8, 2024, the Board of Directors adopted the Sixth Amended and Restated Bylaws of the Company (the “ Bylaws ”). The amendments were made to (1) update and expand the procedural and informational requirements for director nominations and other proposals submitted by shareholders under the Company’s “advance notice” provisions, including updates to reflect the adoption of “universal proxy” rules by the Securities and Exchange Commission as set forth in Rule 14a‐19 under the Securities Exchange Act of 1934, as amended, (2) conform to recent revisions to the California Corporations Code with respect to participating in a Board meeting through electronic communication methods, and (3) make other minor clerical edits.”
Shareholder Votes
HENNESSY ADVISORS INC shareholders approved Ratification of the selection of Marcum LLP as the independent registered public accounting firm for Hennessy Advisors, Inc. for fiscal year 2024 at the 2024-02-08 meeting.
“Ratification of the selection of Marcum LLP as the independent registered public accounting firm for Hennessy Advisors, Inc. for fiscal year 2024 5,656,134 50,693 13,428 0”
Shareholder Votes
HENNESSY ADVISORS INC shareholders approved Approval of the Hennessy Advisors, Inc. 2024 Omnibus Incentive Plan at the 2024-02-08 meeting.
“Approval of the Hennessy Advisors, Inc. 2024 Omnibus Incentive Plan 3,547,031 983,318 18,859 1,171,047”
Shareholder Votes
HENNESSY ADVISORS INC shareholders approved Election of Directors at the 2024-02-08 meeting.
“The Annual Meeting of Hennessy Advisors, Inc. was held on February 8, 2024. At the Annual Meeting, the following directors were elected by the votes indicated for terms expiring at the annual meeting of shareholders to be held in 2025: For Withheld Broker Non‐votes”
Earnings Releases
HENNESSY ADVISORS INC reported the first fiscal quarter of 2024, which ended December 31, 2023 results: revenue $6.1 million, net income $1.2 million, EPS $0.16 per diluted share.
“Total revenue of $6.1 million. ● Net income of $1.2 million, an increase of 7%. ● Fully diluted earnings per share of $0.16, an increase of 7%.”
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