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Hennessy Advisors (HNNA) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 11, 2024
Hennessy Advisors (HNNA) reported revenue of $8.8M for the fourth quarter fiscal 2024 (Q4 FY24), +40% from a year earlier and +13% from the quarter before. Operating margin was 33.5%, net earnings $2.3M (26.5% of revenue).
Hennessy Advisors, Q4 FY24: revenue $8.8M (+40% year over year), operating margin 33.5%, net earnings $2.3M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.8M | +13% | +40% |
| Operating profit | $2.9M | +14% | +67% |
| Net earnings | $2.3M | +15% | +74% |
| Operating cash flow | $3.4M | -3% | +38% |
| Free cash flow | $3.3M | -3% | +37% |
What changed
Revenue was $8.8M in Q4 FY24, up 40% year over year and up 13% from the previous quarter. Investment Advice was the largest line at 93% of revenue.
Operating profit was $2.9M, a 33.5% margin (up 5.4 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 28% margin then. Total costs grew 30% against revenue growth of 40%. The fastest-growing cost line was General & admin (+31%). Net earnings were $2.3M, up 74% year over year. The effective tax rate was 26.1%.
Operating cash flow was $3.4M (up 38% year over year), 148% of net earnings. Non-cash charges added back $59K of depreciation and $251K of share-based compensation. Working capital and other items added $798K. Capital expenditures of $100K left free cash flow of $3.3M.
Questions
What was Hennessy Advisors' revenue in the fourth quarter fiscal 2024?
Hennessy Advisors (HNNA) reported revenue of $8.8M for the fourth quarter fiscal 2024 (Q4 FY24), +40% from a year earlier and +13% from the quarter before.
Was Hennessy Advisors profitable in the fourth quarter fiscal 2024?
Operating profit was $2.9M (33.5% of revenue) and net earnings $2.3M.
Source: Hennessy Advisors 10-K on SEC EDGAR.