Fri, Sep 13, 9:23 PM (98 days ago)
For the quarter ended July 31, 2024, Value Line, Inc. reported net income of $5,887,000, a 21.2% increase from $4,859,000 in the same period last year, translating to earnings per share of $0.62, up from $0.52. Total revenues decreased by 8.8% to $8,884,000, driven by declines in publishing revenues and copyright fees. Operating expenses rose slightly by 0.6% to $7,037,000. Investment gains surged by 126.4% to $1,709,000, primarily from unrealized gains on equity securities. Cash flow from operating activities was $4,771,000, down from $5,058,000 in the prior year, while cash from investing activities significantly improved to $9,473,000, compared to outflows of $267,000 previously. The company maintained a healthy liquidity position with cash and short-term securities totaling $71,280,000. Unearned revenue decreased by 5.4% from April 30, 2024, indicating a slight contraction in subscription sales. The business environment remains challenging, with economic indicators suggesting potential impacts on future operations, particularly concerning consumer behavior and investment trends. The company continues to rely on its non-voting interests in EAM for revenue stability.