VALUE LINE, INC. ANNOUNCES FISCAL YEAR 2022 EARNINGS

About this update from Value Line, Inc.

[{"type":"text","content":"NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the fiscal year ended April 30, 2022. Shareholders’ equity reached $79,645,000 at April 30, 2022, an increase of 18.9% over shareholders’ equity of $67,013,000 at April 30, 2021. Retained earnings at April 30, 2022, were $87,645,000, representing an increase of 20.9% over the year-earlier figure. The Company’s liquid assets at April 30, 2022, were $57,825,000, a 27.5% increase over liquid assets at April 30, 2021. The Company’s current assets at April 30, 2022, were $61,338,000, a 19.7% increase over current assets at April 30, 2021. Total dividends declared during fiscal year 2022 were 91 cents per share. During the twelve months ended April 30, 2022, the Company’s income from operations of $10,800,000 was 43.3% above income from operations of $7,535,000 during the twelve months ended April 30, 2021. For the twelve months ended April 30, 2022, operating expenses decreased 9.5% below those during the twelve months ended April 30, 2021. During the three months ended April 30, 2022, the Company’s income from operations of $2,923,000 was 248.8% above income from operations of $838,000 during the three months ended April 30, 2021 due to an increase in copyright fees and well controlled expenses in the fourth fiscal quarter of 2022. While the Company’s Income from Operations increased dramatically in fiscal 2022 (the period ended April 30, 2022) compared to fiscal 2021, net income was directly affected by the bear market that continued as of the end of the 2022 fiscal year. Pursuant to current GAAP rules, we recorded realized and unrealized net losses on equity securities that exceeded dividend and interest income, so that total investment income registered a loss of ($534,000). During the twelve months ended April 30, 2022, the Company’s net income of $23,822,000, or $2.50 per share, was 2.3% above net income of $23,280,000, or $2.43 per share, for the twelve months ended April 30, 2021. The largest factors in the increase in net income during the twelve months ended April 30, 2022, compared to the prior fiscal year, were a gain on forgiveness by the SBA of the Company’s PPP loan, an increase in copyright fees, an increase from revenues and profits interests in EAM Trust and well controlled expenses. During the three months ended April ...

More updates from Value Line, Inc.