Hennessy Advisors Inc - Understand $hnna stock

$HNNA Market Cap: $90.64 Million

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Financial Snapshot

Revenue

$20.87M

TTM

Gross Margin

85.4%

TTM

Net Earnings

$4.769M

TTM

Current Assets

$68.28M

Q3 2024

Current Liabilities

$4.954M

Q3 2024

Current Ratio

1378.2%

Q3 2024

Total Assets

$152.1M

Q3 2024

Total Liabilities

$60.79M

Q3 2024

Book Value

$91.31M

Q3 2024

Cash

$63.92M

Q3 2024

P/E

19.01

Nov 29, 2024 EST

Free Cash Flow

$4.842M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$29.65M	$24.02M	$29.67M	$32.76M	$33.39M	$42.72M	$54.59M	$52.96M	$51.41M	$44.74M	$34.53M	$24.31M	$7.072M	$7.640M	$7.720M	$5.810M	$10.28M	$16.07M
YoY Change	23.42%	-19.03%	-9.44%	-1.88%	-21.83%	-21.75%	3.09%	3.01%	14.91%	29.58%	42.04%	243.72%	-7.43%	-1.04%	32.87%	-43.48%	-36.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$29.65M	$24.02M	$29.67M	$32.76M	$33.39M	$42.72M	$54.59M	$52.96M	$51.41M	$44.74M	$34.53M	$24.31M	$7.072M	$7.640M	$7.720M	$5.810M	$10.28M	$16.07M
Cost Of Revenue		$3.759M	$5.727M	$7.332M	$7.570M	$9.230M	$10.46M	$9.230M	$8.740M	$7.280M	$5.910M	$3.940M	$550.0K	$630.0K	$700.0K	$240.0K	$0.00
Gross Profit		$20.26M	$23.94M	$25.43M	$25.82M	$33.49M	$44.13M	$43.73M	$42.67M	$37.46M	$28.62M	$20.37M	$6.520M	$7.010M	$7.020M	$5.570M	$10.28M
Gross Profit Margin		84.35%	80.7%	77.62%	77.33%	78.4%	80.84%	82.58%	83.0%	83.73%	82.89%	83.8%	92.19%	91.75%	90.93%	95.87%	100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin		$13.70M	$13.89M	$14.32M	$14.26M	$17.24M	$19.42M	$19.02M	$18.52M	$17.38M	$14.23M	$11.25M	$4.650M	$4.760M	$5.270M	$5.640M	$7.010M	$8.280M
YoY Change		-1.42%	-2.95%	0.4%	-17.29%	-11.23%	2.1%	2.7%	6.56%	22.14%	26.49%	141.94%	-2.31%	-9.68%	-6.56%	-19.54%	-15.34%
% of Gross Profit		67.6%	58.04%	56.3%	55.23%	51.48%	44.01%	43.49%	43.4%	46.4%	49.72%	55.23%	71.32%	67.9%	75.07%	101.26%	68.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$200.0K	$200.0K	$200.0K	$232.0K	$239.0K	$225.0K	$231.0K	$219.0K	$210.0K	$180.0K	$240.0K	$190.0K	$100.0K	$100.0K	$130.0K	$120.0K	$530.0K	$660.0K
YoY Change	0.0%	0.0%	-13.79%	-2.93%	6.22%	-2.6%	5.48%	4.29%	16.67%	-25.0%	26.32%	90.0%	0.0%	-23.08%	8.33%	-77.36%	-19.7%
% of Gross Profit		0.99%	0.84%	0.91%	0.93%	0.67%	0.52%	0.5%	0.49%	0.48%	0.84%	0.93%	1.53%	1.43%	1.85%	2.15%	5.16%
Operating Expenses	$20.78M	$17.69M	$19.83M	$14.55M	$22.07M	$26.69M	$30.12M	$28.46M	$27.62M	$24.93M	$20.38M	$15.38M	$5.290M	$4.870M	$5.400M	$5.760M	$7.540M	$8.940M
YoY Change	17.49%	-10.8%	36.28%	-34.08%	-17.32%	-11.36%	5.81%	3.05%	10.81%	22.3%	32.52%	190.72%	8.62%	-9.81%	-6.25%	-23.61%	-15.66%
Operating Profit	$8.867M	$6.334M	$9.839M	$10.88M	$11.32M	$16.02M	$24.48M	$24.49M	$23.79M	$19.81M	$14.15M	$8.929M	$1.782M	$2.140M	$1.620M	-$190.0K	$2.740M
YoY Change	39.99%	-35.62%	-9.56%	-3.89%	-29.35%	-34.54%	-0.07%	2.96%	20.07%	40.07%	58.43%	401.07%	-16.73%	32.1%	-952.63%	-106.93%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$2.275M	$2.256M	$2.122M	$0.00	$447.0K	$1.084M	$1.227M	$1.256M	$1.232M	$1.012M	$1.085M	$668.0K	$51.00K	-$70.00K	-$40.00K	-$90.00K	-$390.0K	-$740.0K
YoY Change	0.84%	6.31%		-100.0%	-58.76%	-11.65%	-2.31%	1.95%	21.74%	-6.73%	62.43%	1209.8%	-172.86%	75.0%	-55.56%	-76.92%	-47.3%
% of Operating Profit	25.66%	35.62%	21.57%	0.0%	3.95%	6.77%	5.01%	5.13%	5.18%	5.11%	7.67%	7.48%	2.86%	-3.27%	-2.47%		-14.23%
Other Income/Expense, Net			$229.0K	$2.000K	$90.00K	$340.0K	$150.0K	$12.00K	$2.000K	$1.000K	$1.000K	-$109.0K	$1.000K	$0.00	$0.00	$40.00K	$410.0K	$520.0K
YoY Change			11350.0%	-97.78%	-73.53%	126.67%	1150.0%	500.0%	100.0%	0.0%	-100.92%	-11000.0%			-100.0%	-90.24%	-21.15%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$9.704M	$6.600M	$7.946M	$10.88M	$10.96M	$15.28M	$23.39M	$23.25M	$22.56M	$18.80M	$13.06M	$8.152M	$1.732M	$2.080M	$1.580M	-$240.0K	$2.760M	$6.920M
YoY Change	47.03%	-16.94%	-26.97%	-0.73%	-28.24%	-34.7%	0.62%	3.05%	19.98%	43.95%	60.23%	370.67%	-16.73%	31.65%	-758.33%	-108.7%	-60.12%
Income Tax	$2.607M	$1.829M	$1.756M	$2.979M	$3.120M	$4.244M	$2.778M	$8.307M	$8.193M	$7.414M	$5.395M	$3.332M	$761.3K	$870.0K	$670.0K	-$40.00K	$1.140M	$2.790M
% Of Pretax Income	26.87%	27.71%	22.1%	27.38%	28.46%	27.78%	11.88%	35.73%	36.32%	39.43%	41.3%	40.87%	43.95%	41.83%	42.41%		41.3%	40.32%
Net Earnings	$7.097M	$4.771M	$6.190M	$7.902M	$7.841M	$11.03M	$20.62M	$14.94M	$14.37M	$11.39M	$7.667M	$4.820M	$971.0K	$1.220M	$910.0K	-$200.0K	$1.610M	$4.130M
YoY Change	48.75%	-22.92%	-21.67%	0.78%	-28.92%	-46.49%	37.97%	4.0%	26.15%	48.55%	59.07%	396.4%	-20.41%	34.07%	-555.0%	-112.42%	-61.02%
Net Earnings / Revenue	23.94%	19.86%	20.86%	24.12%	23.48%	25.82%	37.76%	28.22%	27.95%	25.46%	22.21%	19.83%	13.73%	15.97%	11.79%	-3.44%	15.66%	25.7%
Basic Earnings Per Share	$0.92	$0.63	$0.83	$1.07	$1.07	$1.42	$2.64	$1.94	$1.89	$1.29	$1.31	$0.83	$0.17
Diluted Earnings Per Share	$0.92	$0.63	$0.82	$1.067M	$1.06	$1.42	$2.61	$1.92	$1.86	$1.27	$1.30	$0.83	$0.17	$141.5K	$106.1K	-$23.50K	$186.8K	$464.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$60.49M	$58.50M	$15.85M	$10.00M	$24.70M	$25.40M	$15.70M	$3.500M	$3.100M	$7.700M	$8.400M	$8.700M	$8.400M	$8.100M	$5.800M	$12.80M	$13.80M
YoY Change	3.4%	269.15%	58.46%	-59.51%	-2.76%	61.78%	348.57%	12.9%	-59.74%	-8.33%	-3.45%	3.57%	3.7%	39.66%	-54.69%	-7.25%
Cash & Equivalents	$60.48M	$58.49M	$15.84M	$10.00M	$24.70M	$25.40M	$15.70M	$3.500M	$3.100M	$7.600M	$8.400M	$8.700M	$8.400M	$8.100M	$5.700M	$12.80M	$13.80M
Short-Term Investments	$10.00K	$9.000K	$10.00K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Other Short-Term Assets	$669.0K	$853.0K	$788.0K	$600.0K	$600.0K	$700.0K	$1.600M	$1.800M	$1.700M	$900.0K	$500.0K	$400.0K	$400.0K	$300.0K	$900.0K	$600.0K	$500.0K
YoY Change	-21.57%	8.25%	31.33%	0.0%	-14.29%	-56.25%	-11.11%	5.88%	88.89%	80.0%	25.0%	0.0%	33.33%	-66.67%	50.0%	20.0%
Inventory
Prepaid Expenses
Receivables	$2.046M	$2.051M	$2.795M	$2.400M	$3.300M	$4.300M	$4.300M	$4.200M	$4.100M	$3.100M	$2.400M	$600.0K	$500.0K	$600.0K	$600.0K	$700.0K	$1.200M
Other Receivables	$500.0K	$257.0K	$277.0K	$400.0K	$400.0K	$400.0K	$600.0K	$600.0K	$500.0K	$500.0K	$400.0K	$100.0K	$100.0K	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$63.70M	$61.66M	$19.71M	$13.40M	$29.00M	$30.70M	$22.20M	$10.10M	$9.400M	$12.20M	$11.70M	$9.700M	$9.300M	$9.000M	$7.200M	$14.10M	$15.40M
YoY Change	3.32%	212.88%	47.06%	-53.79%	-5.54%	38.29%	119.8%	7.45%	-22.95%	4.27%	20.62%	4.3%	3.33%	25.0%	-48.94%	-8.44%
Property, Plant & Equipment	$600.0K	$971.0K	$1.321M	$600.0K	$400.0K	$400.0K	$300.0K	$300.0K	$300.0K	$200.0K	$300.0K	$100.0K	$100.0K	$200.0K	$200.0K	$300.0K	$300.0K
YoY Change	-38.21%	-26.5%	120.17%	50.0%	0.0%	33.33%	0.0%	0.0%	50.0%	-33.33%	200.0%	0.0%	-50.0%	0.0%	-33.33%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments											$0.00	$400.0K	$300.0K	$400.0K	$400.0K	$400.0K	$0.00
YoY Change											-100.0%	33.33%	-25.0%	0.0%	0.0%
Other Assets	$156.0K	$156.0K	$235.0K	$200.0K	$200.0K	$200.0K	$100.0K	$100.0K	$700.0K	$400.0K	$400.0K	$0.00	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K
YoY Change	0.0%	-33.62%	17.5%	0.0%	0.0%	100.0%	0.0%	-85.71%	75.0%	0.0%		-100.0%	0.0%	0.0%	0.0%	0.0%
Total Long-Term Assets	$82.02M	$82.00M	$82.20M	$81.40M	$81.20M	$78.80M	$75.10M	$74.80M	$63.70M	$63.10M	$63.00M	$23.20M	$22.80M	$22.90M	$22.90M	$20.20M	$20.30M
YoY Change	0.03%	-0.25%	0.98%	0.25%	3.05%	4.93%	0.4%	17.43%	0.95%	0.16%	171.55%	1.75%	-0.44%	0.0%	13.37%	-0.49%
Total Assets	$145.7M	$143.7M	$101.9M	$94.80M	$110.2M	$109.5M	$97.30M	$84.90M	$73.10M	$75.30M	$74.70M	$32.90M	$32.10M	$31.90M	$30.10M	$34.30M	$35.70M
YoY Change
Accounts Payable					$5.500M	$7.100M	$7.400M	$6.600M	$4.700M	$3.500M	$3.100M	$1.100M	$900.0K	$1.000M	$1.400M	$1.200M	$2.000M
YoY Change					-22.54%	-4.05%	12.12%	40.43%	34.29%	12.9%	181.82%	22.22%	-10.0%	-28.57%	16.67%	-40.0%
Accrued Expenses	$3.444M	$3.897M	$4.510M	$4.100M	$700.0K
YoY Change	-11.62%	-13.59%	10.0%	485.71%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due				$0.00	$4.300M	$4.200M	$4.200M	$4.200M	$4.400M	$3.800M	$1.800M	$600.0K	$600.0K	$600.0K	$2.000M	$2.100M	$2.100M
YoY Change				-100.0%	2.38%	0.0%	0.0%	-4.55%	15.79%	111.11%	200.0%	0.0%	0.0%	-70.0%	-4.76%	0.0%
Total Short-Term Liabilities	$4.192M	$4.717M	$5.560M	$5.100M	$11.40M	$12.00M	$12.50M	$11.20M	$10.30M	$7.400M	$12.50M	$1.800M	$1.500M	$1.600M	$3.400M	$3.300M	$4.200M
YoY Change	-11.13%	-15.16%	9.02%	-55.26%	-5.0%	-4.0%	11.61%	8.74%	39.19%	-40.8%	594.44%	20.0%	-6.25%	-52.94%	3.03%	-21.43%
Long-Term Debt	$39.16M	$38.87M	$0.00	$0.00	$13.00M	$17.50M	$21.70M	$26.00M	$30.60M	$23.00M	$15.00M	$1.300M	$1.900M	$2.600M	$0.00	$4.400M	$6.500M
YoY Change	0.76%			-100.0%	-25.71%	-19.35%	-16.54%	-15.03%	33.04%	53.33%	1053.85%	-31.58%	-26.92%		-100.0%	-32.31%
Other Long-Term Liabilities	$0.00	$279.0K	$646.0K							$0.00	$11.60M		$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-100.0%	-56.81%								-100.0%
Total Long-Term Liabilities	$39.16M	$39.15M	$646.0K	$0.00	$13.00M	$17.50M	$21.70M	$26.00M	$30.60M	$23.00M	$26.60M	$1.300M	$1.900M	$2.600M	$0.00	$4.400M	$6.500M
YoY Change	0.04%	5960.22%		-100.0%	-25.71%	-19.35%	-16.54%	-15.03%	33.04%	-13.53%	1946.15%	-31.58%	-26.92%		-100.0%	-32.31%
Total Liabilities	$57.97M	$57.35M	$18.64M	$16.60M	$34.70M	$38.50M	$45.70M	$47.60M	$50.00M	$37.90M	$44.90M	$7.700M	$7.300M	$7.400M	$6.000M	$9.800M	$12.30M
YoY Change	1.07%	207.64%	12.31%	-52.16%	-9.87%	-15.75%	-3.99%	-4.8%	31.93%	-15.59%	483.12%	5.48%	-1.35%	23.33%	-38.78%	-20.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	7.681M	7.580M	7.483M	7.368M	7.352M	7.758M	7.808M	7.692M shares	7.601M shares	8.831M shares	5.856M shares	5.810M shares	5.743M shares	5.728M
Diluted Shares Outstanding	7.722M	7.604M	7.558M	7.409M	7.379M	7.772M	7.891M	7.791M shares	7.718M shares	8.941M shares	5.897M shares	5.810M shares	5.754M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $90.637 Million

About HENNESSY ADVISORS INC

Hennessy Advisors, Inc. is an investment management company. The company is headquartered in Novato, California and currently employs 16 full-time employees. The company went IPO on 2002-09-03. The firm provides investment advisory services to 16 open-end mutual funds and one exchange-traded fund (ETF) branded as the Hennessy Funds. The firm 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 firm also provides shareholder services to investors in the Hennessy Mutual Funds.

Industry: Investment Advice Peers: 180 DEGREE CAPITAL CORP. /NY/ Heritage Global Inc. Blackstone Inc. First Eagle Alternative Capital BDC, Inc. Great Elm Capital Corp. PhenixFIN Corp OFS Credit Company, Inc. SAFEGUARD SCIENTIFICS INC Chicago Atlantic BDC, Inc. WESTWOOD HOLDINGS GROUP INC