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Value Line Inc. (VALU) has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing a decrease in total publishing revenues to $8,841,000 from $9,610,000 in the same quarter the previous year. This decrease is attributed to a reduction in both print and digital publication revenues.
Copyright fees for the quarter were $2,659,000, down from $3,212,000 in the previous year, reflecting a decrease in assets under management in financial products using Value Line's proprietary information.
Operating expenses for the quarter increased slightly to $7,097,000 from $6,936,000 in the previous year, with notable increases in advertising and promotion expenses.
Income from operations was $1,744,000, down from $2,674,000 in the previous year, with the decline attributed to decreased revenues.
The company reported net income of $5,685,000 for the quarter, up from $3,488,000 in the previous year, benefiting from significant investment gains and income from non-voting interests in EAM Trust.
Value Line's investment gains for the quarter were $1,186,000, compared to a loss of $1,079,000 in the same quarter the previous year, driven by unrealized gains on equity securities.
Cash provided by operating activities was $7,844,000 for the six months ended October 31, 2024, compared to $5,763,000 in the previous year.
The company had a working capital of $52,961,000 as of October 31, 2024, with cash and short-term securities totaling $72,045,000.
Value Line continues to focus on its core business of producing investment periodicals and related publications, while also benefiting from its non-voting revenues and profits interests in EAM Trust.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Value Line Inc. quarterly 10-Q report dated December 13, 2024. To report an error, please email earnings@qz.com.