$HNNA
HENNESSY ADVISORS INC

2013 Q3 Form 10-Q Financial Statement

#000119312513324267 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $7.150M $6.506M $1.715M
YoY Change 274.35% 279.36% -10.68%
Cost Of Revenue $1.230M $1.060M $130.0K
YoY Change 846.15% 715.38% -13.33%
Gross Profit $5.930M $5.450M $1.590M
YoY Change 233.15% 242.77% -10.17%
Gross Profit Margin 82.94% 83.77% 92.71%
Selling, General & Admin $3.070M $2.930M $1.030M
YoY Change 139.84% 184.47% -8.85%
% of Gross Profit 51.77% 53.76% 64.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.00K $50.00K $20.00K
YoY Change 100.0% 150.0% -33.33%
% of Gross Profit 1.01% 0.92% 1.26%
Operating Expenses $3.120M $4.030M $1.183M
YoY Change 140.0% 240.66% 1.98%
Operating Profit $2.810M $2.476M $532.0K
YoY Change 485.42% 365.41% -12.79%
Interest Expense -$170.0K $177.0K $12.00K
YoY Change 1600.0% 1375.0% -160.0%
% of Operating Profit -6.05% 7.15% 2.26%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income $2.630M $2.299M $520.0K
YoY Change 459.57% 342.12% -13.33%
Income Tax $1.060M $929.0K $217.0K
% Of Pretax Income 40.3% 40.41% 41.73%
Net Earnings $1.570M $1.370M $303.0K
YoY Change 481.48% 352.15% -13.43%
Net Earnings / Revenue 21.96% 21.06% 17.67%
Basic Earnings Per Share $0.24 $0.05
Diluted Earnings Per Share $171.4K $0.24 $0.05
COMMON SHARES
Basic Shares Outstanding 5.891M shares 5.717M shares 5.698M shares
Diluted Shares Outstanding 5.721M shares 5.706M shares

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.400M $6.800M $8.600M
YoY Change -3.45% -20.93% 4.88%
Cash & Equivalents $8.406M $6.761M $8.587M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $436.0K $1.000M $300.0K
YoY Change 3014.29% 233.33% 50.0%
Inventory
Prepaid Expenses $269.0K $934.0K
Receivables $2.402M $2.149M $600.0K
Other Receivables $400.0K $400.0K $0.00
Total Short-Term Assets $11.68M $10.33M $9.500M
YoY Change 19.83% 8.77% 5.56%
LONG-TERM ASSETS
Property, Plant & Equipment $258.0K $249.0K $100.0K
YoY Change 73.93% 149.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $400.0K
YoY Change -100.0% -100.0% 0.0%
Other Assets $363.0K $333.0K $0.00
YoY Change 725.0% -100.0%
Total Long-Term Assets $63.05M $43.79M $22.90M
YoY Change 172.33% 91.23% -0.43%
TOTAL ASSETS
Total Short-Term Assets $11.68M $10.33M $9.500M
Total Long-Term Assets $63.05M $43.79M $22.90M
Total Assets $74.73M $54.12M $32.40M
YoY Change 127.14% 67.05% 1.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $2.900M $700.0K
YoY Change 181.82% 314.29% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.840M $1.840M $600.0K
YoY Change 194.4% 206.67% 0.0%
Total Short-Term Liabilities $12.47M $4.766M $1.400M
YoY Change 575.09% 240.43% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $15.03M $15.49M $1.500M
YoY Change 1054.15% 932.47% -28.57%
Other Long-Term Liabilities $11.60M
YoY Change
Total Long-Term Liabilities $15.03M $15.49M $1.500M
YoY Change 1054.15% 932.47% -28.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.47M $4.766M $1.400M
Total Long-Term Liabilities $15.03M $15.49M $1.500M
Total Liabilities $44.95M $25.78M $7.200M
YoY Change 485.4% 257.99% 0.0%
SHAREHOLDERS EQUITY
Retained Earnings $19.84M $18.46M
YoY Change 25.98%
Common Stock $9.948M $9.890M
YoY Change 3.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.79M $28.30M $25.10M
YoY Change
Total Liabilities & Shareholders Equity $74.73M $54.12M $32.40M
YoY Change 127.14% 67.05% 1.25%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $1.570M $1.370M $303.0K
YoY Change 481.48% 352.15% -13.43%
Depreciation, Depletion And Amortization $60.00K $50.00K $20.00K
YoY Change 100.0% 150.0% -33.33%
Cash From Operating Activities $2.320M $2.000M $790.0K
YoY Change 209.33% 153.16% -9.2%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$740.0K -$50.00K
YoY Change -69.23% 1380.0% 400.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$80.00K -$750.0K -$50.00K
YoY Change -69.23% 1400.0% 400.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -590.0K -640.0K -340.0K
YoY Change 73.53% 88.24% 13.33%
NET CHANGE
Cash From Operating Activities 2.320M 2.000M 790.0K
Cash From Investing Activities -80.00K -750.0K -50.00K
Cash From Financing Activities -590.0K -640.0K -340.0K
Net Change In Cash 1.650M 610.0K 400.0K
YoY Change 1000.0% 52.5% -28.57%
FREE CASH FLOW
Cash From Operating Activities $2.320M $2.000M $790.0K
Capital Expenditures -$80.00K -$740.0K -$50.00K
Free Cash Flow $2.400M $2.740M $840.0K
YoY Change 137.62% 226.19% -4.55%

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