Hennessy Advisors, Inc. FY23 EPS $0.63 Down From $0.82 YoY; Revenue $24.02M Down From $29.67M YoY
Author: Benzinga Newsdesk | December 06, 2023 05:37pm
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 % |
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| 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 % |
Posted In: HNNA
