$HNNA
HENNESSY ADVISORS INC

2014 Q3 Form 10-Q Financial Statement

#000119312514298241 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $9.510M $8.784M $6.506M
YoY Change 33.01% 35.01% 279.36%
Cost Of Revenue $1.560M $1.490M $1.060M
YoY Change 26.83% 40.57% 715.38%
Gross Profit $7.950M $7.290M $5.450M
YoY Change 34.06% 33.76% 242.77%
Gross Profit Margin 83.6% 82.99% 83.77%
Selling, General & Admin $3.710M $3.520M $2.930M
YoY Change 20.85% 20.14% 184.47%
% of Gross Profit 46.67% 48.29% 53.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.00K $60.00K $50.00K
YoY Change 0.0% 20.0% 150.0%
% of Gross Profit 0.75% 0.82% 0.92%
Operating Expenses $3.770M $5.071M $4.030M
YoY Change 20.83% 25.83% 240.66%
Operating Profit $4.180M $3.713M $2.476M
YoY Change 48.75% 49.96% 365.41%
Interest Expense -$270.0K $280.0K $177.0K
YoY Change 58.82% 58.19% 1375.0%
% of Operating Profit -6.46% 7.54% 7.15%
Other Income/Expense, Net $0.00 $1.000K $0.00
YoY Change
Pretax Income $3.910M $3.434M $2.299M
YoY Change 48.67% 49.37% 342.12%
Income Tax $1.500M $1.389M $929.0K
% Of Pretax Income 38.36% 40.45% 40.41%
Net Earnings $2.410M $2.045M $1.370M
YoY Change 53.5% 49.27% 352.15%
Net Earnings / Revenue 25.34% 23.28% 21.06%
Basic Earnings Per Share $0.35 $0.24
Diluted Earnings Per Share $270.5K $0.35 $0.24
COMMON SHARES
Basic Shares Outstanding 6.000M shares 5.766M shares 5.717M shares
Diluted Shares Outstanding 5.822M shares 5.721M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.700M $6.500M $6.800M
YoY Change -8.33% -4.41% -20.93%
Cash & Equivalents $7.645M $6.498M $6.761M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $444.0K $400.0K $1.000M
YoY Change 1.83% -60.0% 233.33%
Inventory
Prepaid Expenses $601.0K $182.0K $934.0K
Receivables $3.142M $2.994M $2.149M
Other Receivables $500.0K $400.0K $400.0K
Total Short-Term Assets $12.18M $10.36M $10.33M
YoY Change 4.27% 0.23% 8.77%
LONG-TERM ASSETS
Property, Plant & Equipment $240.0K $218.0K $249.0K
YoY Change -6.98% -12.45% 149.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $405.0K $637.0K $333.0K
YoY Change 11.57% 91.29%
Total Long-Term Assets $63.13M $63.34M $43.79M
YoY Change 0.13% 44.65% 91.23%
TOTAL ASSETS
Total Short-Term Assets $12.18M $10.36M $10.33M
Total Long-Term Assets $63.13M $63.34M $43.79M
Total Assets $75.32M $73.70M $54.12M
YoY Change 0.78% 36.17% 67.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M $3.800M $2.900M
YoY Change 12.9% 31.03% 314.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.750M $3.750M $1.840M
YoY Change 103.8% 103.8% 206.67%
Total Short-Term Liabilities $7.430M $7.572M $4.766M
YoY Change -40.41% 58.88% 240.43%
LONG-TERM LIABILITIES
Long-Term Debt $22.97M $23.91M $15.49M
YoY Change 52.87% 54.38% 932.47%
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $22.97M $23.91M $15.49M
YoY Change 52.87% 54.38% 932.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.430M $7.572M $4.766M
Total Long-Term Liabilities $22.97M $23.91M $15.49M
Total Liabilities $37.90M $38.58M $25.78M
YoY Change -15.68% 49.66% 257.99%
SHAREHOLDERS EQUITY
Retained Earnings $26.56M $24.44M $18.46M
YoY Change 33.89% 32.41%
Common Stock $10.85M $10.68M $9.890M
YoY Change 9.09% 8.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.41M $35.10M $28.30M
YoY Change
Total Liabilities & Shareholders Equity $75.32M $73.70M $54.12M
YoY Change 0.78% 36.17% 67.05%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $2.410M $2.045M $1.370M
YoY Change 53.5% 49.27% 352.15%
Depreciation, Depletion And Amortization $60.00K $60.00K $50.00K
YoY Change 0.0% 20.0% 150.0%
Cash From Operating Activities $3.330M $2.390M $2.000M
YoY Change 43.53% 19.5% 153.16%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$10.00K -$740.0K
YoY Change -25.0% -98.65% 1380.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$60.00K -$10.00K -$750.0K
YoY Change -25.0% -98.67% 1400.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.120M 10.00K -640.0K
YoY Change 259.32% -101.56% 88.24%
NET CHANGE
Cash From Operating Activities 3.330M 2.390M 2.000M
Cash From Investing Activities -60.00K -10.00K -750.0K
Cash From Financing Activities -2.120M 10.00K -640.0K
Net Change In Cash 1.150M 2.390M 610.0K
YoY Change -30.3% 291.8% 52.5%
FREE CASH FLOW
Cash From Operating Activities $3.330M $2.390M $2.000M
Capital Expenditures -$60.00K -$10.00K -$740.0K
Free Cash Flow $3.390M $2.400M $2.740M
YoY Change 41.25% -12.41% 226.19%

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