Hennessy Advisors, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 03, 2022 at 04:16 pm EDT
Share
Hennessy Advisors, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported revenue was USD 6.91 million compared to USD 8.53 million a year ago. Net income was USD 1.3 million compared to USD 2.24 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.3 a year ago.
For the nine months, revenue was USD 23.19 million compared to USD 24.25 million a year ago. Net income was USD 4.82 million compared to USD 5.9 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 0.8 a year ago.
Hennessy Advisors, Inc. is an investment management company. The Company provides investment advisory services to 16 open-end mutual funds and one exchange-traded fund (ETF) branded as the Hennessy Funds. The Company serves as the investment advisor to all classes of the Hennessy Cornerstone Growth Fund, the Hennessy Focus Fund, the Hennessy Cornerstone Mid Cap 30 Fund, the Hennessy Cornerstone Large Growth Fund, the Hennessy Cornerstone Value Fund, the Hennessy Total Return Fund, the Hennessy Equity and Income Fund, the Hennessy Balanced Fund, the Hennessy Energy Transition Fund, the Hennessy Midstream Fund, the Hennessy Gas Utility Fund, the Hennessy Japan Fund, the Hennessy Japan Small Cap Fund, the Hennessy Large Cap Financial Fund, the Hennessy Small Cap Financial Fund, and the Hennessy Technology Fund (collectively, the Hennessy Mutual Funds), as well as to the Hennessy Stance ESG ETF. The Company also provides shareholder services to investors in the Hennessy Mutual Funds.