Hennessy Advisors Reports Q1 2025 Financials
Ticker: HNNAZ · Form: 10-Q · Filed: Feb 13, 2025 · CIK: 1145255
Sentiment: neutral
Topics: 10-Q, financials, assets, liabilities
TL;DR
**Hennessy Advisors Q1 2025: Assets $22.5M, Liabilities $7.8M. Retained Earnings $7.8M.**
AI Summary
Hennessy Advisors Inc. filed its 10-Q for the period ending December 31, 2024. The company reported total assets of $22,500,000 and total liabilities of $7,783,612. Net income for the quarter was not explicitly stated, but retained earnings were $7,778,335 as of December 31, 2024.
Why It Matters
This filing provides insight into Hennessy Advisors' financial health and operational performance during the first quarter of fiscal year 2025, impacting investor confidence and potential future strategies.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $22.5B — Total Assets (As of December 31, 2024)
- $7.8B — Total Liabilities (As of December 31, 2024)
- $7.8B — Retained Earnings (As of December 31, 2024)
Key Players & Entities
- Hennessy Advisors Inc. (company) — Filer of the 10-Q
- 2024-12-31 (date) — End of reporting period
- $22,500,000 (dollar_amount) — Total assets
- $7,783,612 (dollar_amount) — Total liabilities
- $7,778,335 (dollar_amount) — Retained earnings as of December 31, 2024
FAQ
What was Hennessy Advisors Inc.'s total revenue for the quarter ending December 31, 2024?
The provided excerpt does not explicitly state the total revenue for the quarter ending December 31, 2024.
What is the company's fiscal year end?
The company's fiscal year end is September 30.
What were the total assets of Hennessy Advisors Inc. as of December 31, 2024?
Total assets were $22,500,000 as of December 31, 2024.
What were the total liabilities of Hennessy Advisors Inc. as of December 31, 2024?
Total liabilities were $7,783,612 as of December 31, 2024.
What was the amount of retained earnings as of December 31, 2024?
Retained earnings were $7,778,335 as of December 31, 2024.
Filing Stats: 4,489 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2025-02-13 16:15:33
Filing Documents
- hnna20241231_10q.htm (10-Q) — 657KB
- ex_756371.htm (EX-31.1) — 12KB
- ex_756372.htm (EX-31.2) — 12KB
- ex_756373.htm (EX-32.1) — 3KB
- ex_756374.htm (EX-32.2) — 3KB
- 0001437749-25-003757.txt ( ) — 3440KB
- hnna-20241231.xsd (EX-101.SCH) — 37KB
- hnna-20241231_cal.xml (EX-101.CAL) — 32KB
- hnna-20241231_def.xml (EX-101.DEF) — 233KB
- hnna-20241231_lab.xml (EX-101.LAB) — 213KB
- hnna-20241231_pre.xml (EX-101.PRE) — 256KB
- hnna20241231_10q_htm.xml (XML) — 373KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 23 Item 4
Controls and Procedures
Controls and Procedures 23 PART II Other Information Item 1A
Risk Factors
Risk Factors 23 Item 5 Other Information 23 Item 6 Exhibits 24
Signatures
Signatures 25 Table of Contents
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
: Unaudited Condensed Financial Statements
Item 1: Unaudited Condensed Financial Statements Balance Sheets (In thousands, except share and per share amounts) (Unaudited) December 31, September 30, 2024 2024 Assets Current assets Cash and cash equivalents $ 64,979 $ 63,922 Investments in marketable securities, at fair value 11 11 Investment fee income receivable 3,335 2,964 Interest income receivable 232 250 Prepaid expenses 607 817 Other accounts receivable 329 312 Total current assets 69,493 68,276 Property and equipment, net of accumulated depreciation of $ 1,601 and $ 1,540 , respectively 430 374 Operating lease right-of-use asset 931 1,014 Management contracts 82,262 82,252 Other assets 182 183 Total assets $ 153,298 $ 152,099 Liabilities and Stockholders' Equity Current liabilities Accrued liabilities and accounts payable $ 2,428 $ 4,441 Operating lease liability 340 332 Income taxes payable 1,032 181 Total current liabilities 3,800 4,954 Notes payable, net of issuance costs 39,558 39,477 Long-term operating lease liability 606 695 Net deferred income tax liability 15,940 15,662 Total liabilities 59,904 60,788 Commitments and contingencies (Note 9) Stockholders' equity Common stock, no par value, 22,500,000 shares authorized; 7,783,612 shares issued and outstanding as of December 31, 2024, and 7,778,335 as of September 30, 2024 22,911 22,592 Retained earnings 70,483 68,719 Total stockholders' equity 93,394 91,311 Total liabilities and stockholders' equity $ 153,298 $ 152,099 See Notes to Unaudited Condensed Financial Statements 1 Table of Contents (In thousands, except share and per share amounts) (Unaudited) Three Months Ended December 31, 2024 2023 Revenue Investment advisory fees $ 9,061 $ 5,665 Shareholder service fees 647 479 Total revenue 9,708 6,144 Operating expenses Compensation and benefits 2,766 1,866 General and administrative 1,653 1,