Hennessy Advisors, Inc.

HNNA

HNNAHennessy Advisors, Inc. US flag

NASDAQ Global Market

9.90

USD

-0.08

- -

78.19MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	8	7	24	35	45	51	53	55	43	33	33	30	24	30	36
+ Sales & Services Revenue	8	7	24	35	45	51	53	55	43	33	33	30	24	30	36
- Cost of Revenue	- -	4	12	16	19	21	22	24	21	17	17	15	12	14	16
+ Cost of Goods & Services	- -	4	12	16	19	21	22	24	21	17	17	15	12	14	16
Gross Profit	8	4	12	19	25	30	31	31	22	17	16	15	12	16	20
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5	2	3	5	5	6	6	6	6	5	5	5	6	7	7
+ Selling, General & Admin	5	2	3	4	5	6	6	6	6	5	5	5	5	6	6
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	2	2	9	14	20	24	24	24	16	11	11	10	6	9	13
- Non-Operating (Income) Loss	- -	- -	1	1	1	1	1	1	1	- -	- -	2	- -	-1	- -
+ Interest Expense, Net	- -	- -	1	1	1	1	1	1	1	- -	- -	2	- -	-1	- -
+ Interest Expense	- -	- -	1	1	1	1	1	1	1	- -	- -	2	2	2	2
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3	3
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Income	2	2	8	13	19	23	23	23	15	11	11	8	7	10	14
- Income Tax Expense (Benefit)	1	1	3	5	7	8	8	3	4	3	3	2	2	3	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	1	5	8	11	14	15	21	11	8	8	6	5	7	10
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1	1	5	8	11	14	15	21	11	8	8	6	5	7	10
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	1	5	8	11	14	15	21	11	8	8	6	5	7	10
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	1	5	8	11	14	15	21	11	8	8	6	5	7	10
EBIT	2	2	9	14	20	24	24	24	16	11	11	10	6	9	13
EBITDA	2	2	9	14	20	24	25	25	16	12	11	10	7	9	13
EBITDA Margin (%)	29.42	26.54	37.51	41.67	44.88	46.68	46.67	45.26	38.03	34.62	33.92	33.86	27.33	30.73	37.8
EBITA	2	2	9	14	20	24	24	24	16	11	11	10	6	9	13
Gross Margin (%)	100	49.76	50.33	54.32	56.55	58.26	57.77	56	51.6	49.47	48.43	50.84	50.14	52.6	55.53
Operating Margin (%)	28.09	25.2	36.73	40.97	44.29	46.28	46.25	44.83	37.51	33.9	33.21	33.16	26.37	29.91	36.99
Profit Margin (%)	15.89	13.73	19.83	22.21	25.46	27.95	28.22	37.76	25.82	23.48	24.12	20.86	19.86	23.94	28.03
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.11	0.08	0.08	0.1	0.16	0.2	0.29	0.37	0.46	0.54	0.54	0.54	0.54	0.54	0.54
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	9	9	9	9	9	8	8	8	8	7	7	7	8	8	8
Basic EPS, GAAP	0.14	0.11	0.55	0.87	1.29	1.89	1.94	2.64	1.42	1.07	1.07	0.83	0.63	0.92	1.28
Basic EPS from Cont Ops	0.14	0.11	0.55	0.87	1.29	1.89	1.94	2.64	1.42	1.07	1.07	0.83	0.63	0.92	1.28
Diluted Weighted Avg Shares	9	9	9	9	9	8	8	8	8	7	7	8	8	8	8
Diluted EPS, GAAP	0.14	0.11	0.55	0.87	1.27	1.86	1.92	2.61	1.42	1.06	1.07	0.82	0.63	0.92	1.27
Diluted EPS from Cont Ops	0.14	0.11	0.55	0.87	1.27	1.86	1.92	2.61	1.42	1.06	1.07	0.82	0.63	0.92	1.27

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	9	10	12	12	9	10	22	31	29	13	20	62	64	68	77
+ Cash, Cash Equivalents & STI	8	9	8	8	3	4	16	25	25	10	16	58	60	64	72
+ Cash & Cash Equivalents	8	9	8	8	3	4	16	25	25	10	16	58	60	64	72
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1	1	2	3	4	5	5	5	4	3	3	2	3	4	3
+ Accounts Receivable, Net	- -	1	2	3	4	4	4	4	3	2	3	2	2	3	3
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -	1	1
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	1	1	2	2	2	1	1	1	1	1	1	1	1
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	23	23	63	63	64	75	75	79	81	81	82	82	82	84	84
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1
+ Property, Plant & Equip	1	1	1	1	1	1	1	2	2	2	3	3	3	3	3
- Accumulated Depreciation	- -	- -	- -	1	1	1	1	1	1	2	2	2	2	2	2
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	22	23	63	63	63	75	75	78	81	81	81	81	81	82	83
+ Total Intangible Assets	22	23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	22	23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	63	63	63	75	75	78	81	81	81	81	81	82	83
Total Assets	32	33	75	75	73	85	97	109	110	95	102	144	146	152	160
+ Payables & Accruals	1	1	11	4	6	7	8	8	3	2	2	2	2	2	2
+ Accounts Payable	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	1	- -	1	1	1	1	1	1	1	- -	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	11	4	5	7	7	7	2	1	1	1	1	1	1
+ ST Debt	1	1	2	4	4	4	4	4	4	- -	- -	- -	- -	- -	- -
+ ST Borrowings	1	1	2	4	4	4	4	4	4	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	4	3	3	2	2	3	4
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	4	3	3	2	2	3	4
Total Current Liabilities	2	2	12	7	10	11	12	12	11	5	6	5	4	5	6
+ LT Debt	2	1	15	23	31	26	22	18	13	- -	1	39	39	40	40
+ LT Borrowings	2	1	15	23	31	26	22	18	13	- -	- -	39	39	39	40
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	1	- -
+ Other LT Liabilities	4	5	17	7	9	10	12	9	10	12	12	13	15	16	17
+ Accrued Liabilities	4	5	6	7	9	10	12	9	10	12	12	13	15	16	17
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	6	6	32	30	40	36	33	26	23	12	13	53	54	56	57
Total Liabilities	7	8	45	38	50	48	46	38	35	17	19	57	58	61	63
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	10	19	20	22	23	27	30	34	35	19	20	21	22	23	23
+ Common Stock	- -	10	10	11	12	13	15	17	18	19	20	21	22	23	23
+ Additional Paid in Capital	10	10	10	11	12	13	15	17	18	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	15	16	20	27	11	24	37	54	58	59	63	65	66	69	74
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	25	25	30	37	23	37	52	71	76	78	83	86	88	91	98
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	25	25	30	37	23	37	52	71	76	78	83	86	88	91	98
Total Liabilities & Equity	32	33	75	75	73	85	97	109	110	95	102	144	146	152	160
Shares Outstanding	9	9	9	9	8	8	8	8	8	7	7	8	8	8	8
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	1	1
Net Debt	-6	-7	8	19	32	27	10	-4	-7	-10	-16	-20	-21	-24	-33
Net Debt to Equity	-23.39	-26.97	28.41	50.99	138.19	71.39	19.9	-5.17	-9.68	-12.73	-19.02	-22.73	-24.29	-26.77	-33.38
Tangible Common Equity Ratio	25.94	25.78	39.86	49.68	31.58	43.95	52.98	64.83	68.53	82.48	81.71	60.07	60.22	60.03	60.91
Current Ratio	6.13	5.28	0.94	1.64	0.92	0.9	1.78	2.55	2.55	2.63	3.54	13.07	15.2	13.78	12.72
Cash Conversion Cycle	- -	-84.08	6.43	29.3	29.35	29.4	29.48	28.7	32.26	31.12	28.96	29.81	31.13	30.84	29.43

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	1	1	5	8	11	14	15	21	11	8	8	6	5	7	10
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	1	1	2	2	2	3	4	- -	4	3	2	3	2	2	2
+ Stock-Based Compensation	- -	- -	- -	- -	1	1	2	2	2	2	1	1	1	1	1
+ Deferred Income Taxes	1	1	2	2	1	2	2	-3	1	1	1	1	1	1	1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	- -	- -	-1	-1	1	1	1	1	- -	-1	- -	- -	- -	- -	1
+ (Inc) Dec in Accts Receiv	- -	- -	-2	-1	-1	- -	- -	- -	1	1	- -	1	- -	-1	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	2	- -	2	1	1	- -	-1	-1	- -	-1	- -	1	1
+ Inc (Dec) in Other	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2	2	6	9	14	18	20	22	14	11	10	9	7	9	14
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	-25	- -	-1	-1	-5	-3	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	-25	- -	-1	-1	-5	-3	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-21	-19	- -	-12	- -	-4	-2	-1	- -	- -	-1	-1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	-21	-19	- -	-12	- -	-4	-2	-1	- -	- -	-1	-1	-1
+ Dividends Paid	-1	-1	-1	-1	-1	-2	-2	-3	-4	-4	-4	-4	-4	-4	-4
+ Net Cash From Debt	-1	-1	15	10	8	-4	-4	-4	-4	-18	- -	39	- -	- -	- -
+ Cash From Debt	- -	- -	17	13	35	- -	- -	- -	- -	- -	- -	39	- -	- -	- -
+ Repayments of Debt	-1	-1	-2	-3	-27	-4	-4	-4	-4	-18	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2	-1	14	9	-19	-6	-7	-8	-13	-24	-4	34	-4	-5	-5
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	- -	-1	-5	- -	12	10	-1	-15	6	43	2	3	9
EBITDA	2	2	9	14	20	24	25	25	16	12	11	10	7	9	13
EBITDA Margin (%)	29.42	26.54	37.51	41.67	44.88	46.68	46.67	45.26	38.03	34.62	33.92	33.86	27.33	30.73	37.8
Free Cash Flow	2	2	6	9	14	18	20	21	14	10	10	8	7	9	13
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	2	2	6	10	15	19	20	22	15	11	10	10	9	11	15
Free Cash Flow to Equity	1	1	21	19	22	14	15	17	10	-7	10	47	7	9	13
Free Cash Flow per Basic Share	0.21	0.19	0.68	1.06	1.61	2.37	2.56	2.71	1.83	1.42	1.38	1.13	0.91	1.17	1.71
Price/Free Cash Flow	8.93	6.8	8.52	12.27	9.63	9.94	6.01	4.99	5.76	5.67	6.7	7.38	6.89	8.01	5.75
Cash Flow to Net Income	1.55	2.1	1.28	1.23	1.27	1.27	1.33	1.04	1.3	1.35	1.31	1.4	1.5	1.31	1.38
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -