Hennessy Advisors, Inc. FY23 EPS $0.63 Down From $0.82 YoY; Revenue $24.02M Down From $29.67M YoY
Benzinga Newsdesk 2 years ago
EarningsNews
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
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 revenue is earned, of $3.0 billion, a decrease of 18%.
- Total assets under management of $3.0 billion, an increase of 5%.
- Cash and cash equivalents, net of gross debt, of $20.2 million, an increase of 11%.
| Twelve Months Ended Sept 30, | Change | |||||||
| 2023 | 2022 | Dollar | Percent | |||||
| Total Revenue | $ 24,019,874 | $ 29,666,869 | $ (5,646,995) | -19.0 % | ||||
| Net Income | 4,770,888 | 6,190,209 | (1,419,321) | -22.9 % | ||||
| Earnings Per Share (Diluted) | 0.63 | 0.82 | (0.19) | -23.2 % | ||||
| Weighted Average Number of Shares Outstanding (Diluted) | 7,603,676 | 7,558,008 | 45,668 | 0.6 % | ||||
| Average Assets Under Management | 2,991,689,979 | 3,644,362,374 | (652,672,395) | -17.9 % | ||||
| As of Sept 30, | ||||||||
| 2023 | 2022 | |||||||
| Total Assets Under Management | $ 3,032,041,791 | $ 2,895,716,700 | $ 136,325,091 | 4.7 % | ||||
| Cash and Cash Equivalents, Net of Gross Debt Balance | 20,225,668 | 18,236,604 | 1,989,064 | 10.9 % | ||||