Hennessy Advisors Inc
NASDAQ:HNNA
Income Statement
Earnings Waterfall
Hennessy Advisors Inc
Revenue
|
24m
USD
|
Cost of Revenue
|
-3.7m
USD
|
Gross Profit
|
20.3m
USD
|
Operating Expenses
|
-14.2m
USD
|
Operating Income
|
6.2m
USD
|
Other Expenses
|
-1.3m
USD
|
Net Income
|
4.9m
USD
|
Income Statement
Hennessy Advisors Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
28
N/A
|
30
+9%
|
32
+8%
|
35
+7%
|
36
+5%
|
39
+6%
|
42
+8%
|
45
+7%
|
48
+8%
|
50
+3%
|
51
+2%
|
51
+1%
|
52
+0%
|
53
+2%
|
53
+0%
|
53
+0%
|
53
+1%
|
54
+1%
|
55
+1%
|
55
0%
|
52
-4%
|
49
-7%
|
46
-6%
|
43
-7%
|
41
-3%
|
40
-4%
|
36
-9%
|
33
-8%
|
31
-7%
|
30
-3%
|
32
+5%
|
33
+4%
|
34
+2%
|
33
-1%
|
32
-5%
|
30
-6%
|
27
-8%
|
25
-7%
|
24
-5%
|
24
-1%
|
24
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
Gross Profit |
23
N/A
|
25
+8%
|
27
+7%
|
29
+8%
|
30
+6%
|
32
+7%
|
35
+9%
|
37
+7%
|
40
+8%
|
42
+3%
|
42
+2%
|
43
+1%
|
43
+0%
|
43
+2%
|
44
+0%
|
44
+0%
|
44
+1%
|
44
+1%
|
44
+0%
|
44
-1%
|
42
-5%
|
39
-7%
|
36
-7%
|
33
-7%
|
32
-4%
|
31
-4%
|
28
-9%
|
26
-8%
|
24
-7%
|
23
-3%
|
24
+6%
|
25
+4%
|
26
+3%
|
26
+0%
|
25
-4%
|
24
-5%
|
22
-6%
|
21
-5%
|
20
-4%
|
20
0%
|
20
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(19)
|
(19)
|
(18)
|
(17)
|
(17)
|
(17)
|
(16)
|
(15)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
|
Selling, General & Administrative |
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(19)
|
(19)
|
(18)
|
(18)
|
(17)
|
(17)
|
(16)
|
(15)
|
(14)
|
(14)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(14)
|
(14)
|
(14)
|
(13)
|
(14)
|
(14)
|
(14)
|
|
Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Operating Income |
10
N/A
|
12
+11%
|
13
+11%
|
14
+11%
|
15
+5%
|
16
+8%
|
18
+12%
|
20
+10%
|
22
+13%
|
23
+5%
|
24
+2%
|
24
N/A
|
24
0%
|
24
+3%
|
25
+1%
|
24
0%
|
25
+1%
|
25
+1%
|
25
-1%
|
24
-1%
|
23
-7%
|
20
-10%
|
18
-11%
|
16
-12%
|
15
-5%
|
14
-6%
|
13
-12%
|
11
-10%
|
10
-12%
|
10
-4%
|
10
+8%
|
11
+5%
|
11
+3%
|
11
+1%
|
11
-6%
|
10
-8%
|
9
-12%
|
8
-12%
|
7
-13%
|
6
-4%
|
6
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
|
Pre-Tax Income |
10
N/A
|
11
+10%
|
12
+11%
|
13
+11%
|
14
+5%
|
15
+9%
|
17
+13%
|
19
+10%
|
21
+13%
|
22
+5%
|
23
+2%
|
23
0%
|
23
+0%
|
23
+3%
|
23
+1%
|
23
-1%
|
23
+1%
|
24
+1%
|
23
-1%
|
23
0%
|
22
-8%
|
19
-10%
|
17
-11%
|
15
-12%
|
15
-5%
|
14
-7%
|
12
-11%
|
11
-9%
|
10
-11%
|
10
-2%
|
10
+8%
|
11
+5%
|
11
-1%
|
10
-4%
|
9
-12%
|
8
-13%
|
7
-10%
|
7
-8%
|
6
-4%
|
7
+4%
|
7
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(0)
|
1
|
1
|
1
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
6
|
6
|
7
|
8
|
8
|
9
|
10
|
11
|
13
|
14
|
14
|
14
|
15
|
15
|
15
|
15
|
23
|
24
|
25
|
25
|
15
|
14
|
12
|
11
|
11
|
10
|
9
|
8
|
7
|
7
|
7
|
8
|
8
|
8
|
7
|
6
|
5
|
5
|
5
|
5
|
5
|
|
Net Income (Common) |
6
N/A
|
6
+12%
|
7
+11%
|
8
+12%
|
8
+8%
|
9
+10%
|
10
+14%
|
11
+10%
|
13
+14%
|
14
+5%
|
14
+4%
|
14
+1%
|
15
+2%
|
15
+2%
|
15
+0%
|
15
-1%
|
19
+28%
|
20
+5%
|
20
+1%
|
21
+1%
|
16
-25%
|
14
-11%
|
12
-11%
|
11
-10%
|
11
-4%
|
10
-9%
|
9
-9%
|
8
-11%
|
7
-11%
|
7
-1%
|
7
+7%
|
8
+7%
|
8
+2%
|
8
-4%
|
7
-12%
|
6
-9%
|
5
-13%
|
5
-7%
|
5
-4%
|
5
-1%
|
5
+2%
|
|
EPS (Diluted) |
0.63
N/A
|
0.7
+11%
|
0.77
+10%
|
0.87
+13%
|
0.94
+8%
|
1.03
+10%
|
1.18
+15%
|
1.27
+8%
|
1.68
+32%
|
1.77
+5%
|
1.84
+4%
|
1.86
+1%
|
1.91
+3%
|
1.95
+2%
|
1.96
+1%
|
1.92
-2%
|
2.44
+27%
|
2.54
+4%
|
2.56
+1%
|
2.61
+2%
|
1.94
-26%
|
1.73
-11%
|
1.58
-9%
|
1.42
-10%
|
1.4
-1%
|
1.3
-7%
|
1.2
-8%
|
1.06
-12%
|
0.95
-10%
|
0.94
-1%
|
1
+6%
|
1.07
+7%
|
1.08
+1%
|
1.03
-5%
|
0.9
-13%
|
0.82
-9%
|
0.71
-13%
|
0.66
-7%
|
0.64
-3%
|
0.63
-2%
|
0.64
+2%
|