Company Overview - Value Line, Inc. is a leading provider of investment research, known for its widely used Value Line Investment Survey, which offers independent equity research [2][3] - The company publishes proprietary investment research in both print and digital formats, catering to individual and institutional investors [2][11] Recent Financial Announcement - On July 18, 2025, Value Line's Board of Directors declared a quarterly cash dividend of $0.325 per common share, payable on August 11, 2025, to stockholders of record on July 28, 2025 [1] Investment Research Services - Value Line offers a variety of specialized investment research services, including: - Value Line Select, which recommends one exceptional stock each month with superior profit potential [2] - The Value Line Special Situations Service, focusing on small and mid-cap stocks with high return potential [3] - Value Line Select ETFs, identifying one ETF each month expected to outperform the market [3] - Value Line Select: Dividend Income & Growth, recommending two stocks expected to provide above-average current income and long-term dividend growth [4] - The Value Line M&A Service, highlighting one company each month that may be acquired at a premium [5] - The Value Line Climate Change Investing Service, targeting investments related to climate change [6] Comprehensive Research Tools - Value Line provides extensive research tools, including: - The Value Line Research Center, an online system for structuring diversified portfolios [10] - The Value Line Investment Analyzer, covering approximately 6,000 equities [10] - Various digital services that provide in-depth analysis on large, mid, and small-cap stocks, covering about 90% of the U.S. stock market [9][10]

Core Viewpoint - Value Line, Inc. has announced an 8.3% increase in its quarterly dividend, marking the 11th consecutive yearly increase, with the new dividend set at $0.325 per common share, payable on May 12, 2025 [1] Company Overview - Value Line is a prominent provider of investment research, with its Investment Survey being one of the most widely utilized sources of independent equity research [2] - The company publishes proprietary investment research in both print and digital formats [2] Specialized Services - Value Line Select: Monthly recommendations of one exceptional stock with superior profit potential and a favorable risk/reward ratio [3] - Value Line Special Situations Service: Monthly recommendations of small and mid-cap stocks expected to deliver returns above the market average [3] - Value Line Select ETFs: Monthly identification of one ETF positioned to outperform the market [3] - Value Line Select: Dividend Income & Growth: Monthly recommendations of two stocks expected to provide above-average current income and long-term dividend growth [4] - New Value Line ETFs Service: Analysis on over 2,800 ETFs to assist subscribers in portfolio selection [4] - Value Line M&A Service: Monthly highlight of one company as a potential acquisition target at a material premium [5] - Value Line Information You Should Know: Focuses on financial planning and investment issues relevant to today's investors [5] - Value Line Climate Change Investing Service: Targets climate change as a critical issue expected to transform the global economy [6] Research Products - Value Line Investment Survey: Provides financial information and quantitative analysis on approximately 1,800 small and mid-cap companies [8] - Value Line 600: In-depth research on 600 large and prominent companies [8] - Value Line Investment Survey–Selection & Opinion: Weekly economic and stock market commentary with actively managed model portfolios [8] - Value Line Investment Analyzer: Covers large, mid, and small-cap stocks, comprising about 90% of the U.S. stock market [10]

Core Viewpoint - Value Line, Inc. (VALU) experienced an 8.4% decline in share price following its earnings report for the quarter ended January 31, 2025, contrasting with a 1.6% growth in the S&P 500 index during the same period [1] Financial Performance - For the quarter ended January 31, 2025, Value Line reported earnings per share (EPS) of 55 cents, down from 62 cents in the same quarter last year [2] - Total publishing revenues decreased slightly to $9 million from $9.1 million in the prior-year period [2] - Net income fell to $5.2 million from $5.9 million, reflecting a 12.3% decline [2] Revenue Breakdown - Revenues from investment periodicals and related publications remained stable at $6.31 million compared to $6.32 million in the prior-year period [3] - Copyright fees declined to $2.7 million from $2.8 million [3] - Income from Value Line's interest in Eulav Asset Management (EAM) increased to $4.9 million from $3.5 million, marking a 40.7% rise [3] Operating Metrics - Total expenses rose by 7.3% year over year to $7.4 million, driven by higher advertising and promotional costs, which increased to $1 million from $0.8 million [4] - Production and distribution expenses increased to $1.5 million from $1.2 million, while office and administration costs rose to $1.4 million from $1.2 million [4] - Salaries and employee benefits slightly decreased to $3.6 million from $3.7 million [5] - Income from operations fell to $1.6 million, down from $2.2 million in the prior-year quarter, representing a 30% decrease [5] Management Commentary - The decline in EPS and net income was attributed to rising costs in marketing and production, as well as lower publishing revenues [6] - The company emphasized its focus on operational efficiencies and maintaining its subscription-based business model [6] Factors Influencing Results - Earnings were impacted by a decline in copyright fees, which fluctuate based on licensing agreements and market conditions [7] - Investment gains fell significantly to $0.7 million from $2 million in the prior-year period, reflecting less favorable market conditions for the investment portfolio [7] - The positive contribution from EAM helped offset some softness in core publishing revenues, highlighting the firm's reliance on asset management interests [7] Outlook - Management noted that macroeconomic uncertainties and evolving market dynamics could continue to affect subscription demand and copyright-related revenue streams [8] - Value Line plans to focus on digital content expansion and client engagement strategies to sustain long-term growth [8] Other Developments - During the quarter, the company repurchased 2,110 shares of its common stock at an average price of $45.25 per share [9] - As of January 31, 2025, the company had $0.9 million remaining under its current repurchase authorization [9]

Core Viewpoint - Value Line, Inc. reported strong financial results for the nine months ended January 31, 2025, showcasing significant growth in net income and investment gains [5]. Financial Performance - The company's net income for the nine months was $16,735,000, or $1.78 per share, representing a 17.6% increase from $14,232,000, or $1.51 per share, for the same period in the previous year [5]. - Non-voting revenues from Eulav Asset Management increased by $4,440,000, or 47.5%, totaling $13,781,000 for the nine months ended January 31, 2025 [5]. - Total investment gains reached $3,557,000, an increase of $1,872,000, or 111.1%, compared to the prior fiscal year [5]. - Retained earnings as of January 31, 2025, were $112,508,000, up 7.9% from $104,300,000 as of April 30, 2024 [5]. - Shareholders' equity increased to $98,950,000, a 9.0% rise from $90,793,000 as of April 30, 2024 [5]. Company Overview - Value Line, Inc. is a prominent provider of investment research based in New York, known for its widely used Value Line Investment Survey [2]. - The company offers a variety of proprietary investment research products in both print and digital formats, including services related to Mutual Funds, ETFs, and Options [2]. - Specialized products include Value Line Select, The Value Line Special Situations Service, and various Value Line ETFs [2].

Financial Performance - For the three months ended January 31, 2025, the company's net income was $5,163,000, a decrease of 12.3% compared to $5,885,000 for the same period in 2024[146]. - The company's income from operations for the nine months ended January 31, 2025, was $5,155,000, down 32.6% from $7,653,000 in the prior year[146]. - Total publishing revenues decreased by 1.8% to $8,967,000 for the three months ended January 31, 2025, from $9,131,000 in 2024[150]. - The company's operating expenses increased by 7.3% to $7,403,000 for the three months ended January 31, 2025, compared to $6,899,000 in 2024[146]. - Total operating expenses for the nine months ended January 31, 2025, were $21,537,000, a 3.4% increase from $20,831,000 in the previous year[168]. - The company experienced a 3.4% decrease in print publication revenues to $6,750,000 during the nine months ended January 31, 2025, compared to $6,987,000 in the prior year[155]. Revenue Sources - Non-voting revenues and non-voting profits interests from EAM Trust increased by 40.7% to $4,910,000 for the three months ended January 31, 2025, compared to $3,489,000 in 2024[146]. - Subscription sales orders from print and digital products are a key revenue driver, with total investment periodicals and related publications showing a slight decline of 0.1% for the three months ended January 31, 2025[150]. - Investment periodicals and related publications revenues were $18,782,000, a decrease of 2.0% compared to $19,174,000 in the prior fiscal year[154]. - New sales of print publications increased to 14.8% of total gross sales during the nine months ended January 31, 2025, while renewal and conversion sales decreased to 85.2%[151]. - 29.6% of total publishing revenues of $26,692,000 were derived from a single customer during the nine months ended January 31, 2025[173]. Investment Gains - The company reported a significant increase in investment gains, with a 209.9% rise to $662,000 for the three months ended January 31, 2025, compared to $2,009,000 in 2024[146]. - Total investment gains for the nine months ended January 31, 2025, were $3,557,000, an increase of 111.1% compared to $1,685,000 in the prior year[175]. - Non-voting revenues interest from EAM increased by 43.6% to $12,089,000 during the nine months ended January 31, 2025, compared to $8,420,000 in the prior year[167]. Economic Context - The U.S. GDP expanded by an estimated 2.8% during 2024, nearly matching the 2.9% gain recorded in 2023, driven by strong consumer spending[140]. - The company anticipates challenges in sustaining earnings growth due to potential changes in fiscal policies and the Federal Reserve's monetary policy stance[144]. Cash Flow and Capital - Cash inflows from operating activities were $14,703,000 for the nine months ended January 31, 2025, compared to $14,169,000 for the same period in 2024, driven by increased unrealized gains on equity securities[182]. - Cash inflows from investing activities were $16,475,000 for the nine months ended January 31, 2025, a significant increase from cash outflows of $7,719,000 for the same period in 2024[184]. - Cash outflows from financing activities were $8,752,000 for the nine months ended January 31, 2025, compared to $8,260,000 for the same period in 2024, with quarterly dividend payments of $0.30 per share totaling $8,478,000[185]. - The Company had working capital of $55,483,000 as of January 31, 2025, compared to $48,770,000 as of April 30, 2024, including short-term unearned revenue of $16,634,000[180]. Securities and Dividends - As of January 31, 2025, the aggregate cost and fair value of fixed income securities classified as available-for-sale were $27,269,000 and $27,167,000, respectively[200]. - The aggregate cost of equity securities was $15,509,000 as of January 31, 2025, with a fair value of $21,808,000, compared to a cost of $11,663,000 and fair value of $16,344,000 as of April 30, 2024[207]. - The dividend yield for equity securities as of January 31, 2025, is 5.22%[208]. - The dividend yield for equity securities as of April 30, 2024, is 4.27%[208]. - A hypothetical 30% decrease in equity securities value as of January 31, 2025, would result in a fair value of $15,266,000[208]. - A hypothetical 30% decrease in equity securities value as of April 30, 2024, would result in a fair value of $11,441,000[208]. Future Outlook - The Company expects to finance current and forecasted liquidity needs for the next twelve months and beyond without making any borrowings[187]. - The Company is required to make estimated lease payments totaling $4,198,000 over the next four fiscal years[193]. - The Company has adopted ASU 2023-07, which requires disclosures of significant expenses by segment, effective for fiscal years beginning after December 15, 2023[189]. - As of January 31, 2025, the estimated fair value of equity securities held is $21,808,000, reflecting a 30% increase in dividend yield[208]. - As of April 30, 2024, the estimated fair value of equity securities held is $16,344,000, with a potential 30% increase leading to a value of $21,247,000[208].

Dividend Announcement - Value Line Inc declared a quarterly cash dividend of $0 30 per common share payable on February 10 2025 to stockholders of record on January 27 2025 [1] - The company has 9,417,264 shares of common stock outstanding as of January 17 2025 [1] Company Overview - Value Line Inc is a leading New York-based provider of investment research known for its widely used Value Line Investment Survey [2] - The company offers a range of proprietary investment research in print and digital formats covering Mutual Funds ETFs and Options [2] - Specialized products include Value Line Select The Value Line Special Situations Service Value Line Select ETFs and The Value Line Climate Change Investing Service among others [2] - Products are available to individual investors via mail website or phone and institutional-level services are offered through dedicated platforms [2] Forward-Looking Statements - The report contains forward-looking statements that depend on future events or conditions and are subject to risks and uncertainties [4] - Factors that could affect actual results include changes in investment trends economic conditions Federal Reserve policies and global financial issues [4] - Other risks include competition in publishing and investment management government regulation and the availability of free or low-cost investment information [4] - The company acknowledges that other unknown or unpredictable factors could also impact future results [5] Contact Information - Howard A Brecher is the contact person for Value Line Inc with the phone number 212-907-1500 [6] - The company's websites include www valueline com www ValueLinePro com and www ValueLineLibrary com [6]

Core Insights - Value Line, Inc. (VALU) reported a net income of 60 cents per share for the fiscal second quarter, marking a 62% increase from 37 cents per share in the same quarter last year [1] - The company's overall net income rose to $5.7 million, up from $3.5 million in the previous year [3] - Revenue from non-voting revenues and profits interests in EULAV Asset Management (EAM) increased by 54.6% year-over-year to $4.6 million [2] Financial Performance - Retained earnings reached $110.2 million as of October 31, 2024, reflecting a 5.7% increase from April 30, 2024 [5] - Shareholders' equity grew by 6.5% to $96.7 million from $90.8 million as of April 30, 2024 [5] - Investment gains for the fiscal second quarter amounted to $1.2 million, a significant recovery from a loss of $1.1 million in the same period last year [8] Revenue Drivers - The substantial growth in EAM revenues and the reversal of prior investment losses into gains were key factors driving the increases in net income and revenues [7] - EAM-related revenue contributed to over 50% growth during the quarter, highlighting its importance to the company's financial performance [7] Management Insights - Management attributed the strong performance to the significant increase in EAM revenues and robust investment gains, emphasizing the strength of the asset management business [6] - The consistent growth in EAM-related revenue streams is seen as a critical component of Value Line's financial stability [6] Strategic Focus - Value Line is committed to enhancing its research offerings, with proprietary services attracting a diverse range of individual and institutional investors [9] - The company's ongoing investment in digital products and expanded service offerings underscores its dedication to maintaining market leadership [9]

Core Insights - Value Line, Inc. reported significant financial growth for the second fiscal quarter ended October 31, 2024, with net income increasing by 38.6% year-over-year [2] - The company's revenues from non-voting interests in EAM rose by 51.6%, indicating strong performance in this segment [2] - Total investment gains turned positive at $2,895,000 compared to a loss in the previous fiscal year, reflecting improved investment performance [2] Financial Performance - For the six months ended October 31, 2024, net income was $11,572,000, or $1.23 per share, compared to $8,347,000, or $0.89 per share, for the same period in 2023 [2] - Revenues for the same period were $8,871,000, an increase of $3,019,000 or 51.6% from the prior fiscal year [2] - Total investment gains for the six months were $2,895,000, a significant recovery from a loss of $324,000 in the previous year [2] Quarterly Highlights - In the three months ended October 31, 2024, net income was $5,685,000, or $0.60 per share, up 63.0% from $3,488,000, or $0.37 per share, in the same quarter of 2023 [2] - Revenues for this quarter reached $4,630,000, an increase of $1,635,000 or 54.6% year-over-year [2] - The company reported total investment gains of $1,186,000 for the quarter, compared to a loss of $1,079,000 in the prior year [2] Retained Earnings and Shareholders' Equity - Retained earnings as of October 31, 2024, were $110,170,000, reflecting a 5.7% increase from April 30, 2024 [2] - Shareholders' equity reached $96,715,000, a 6.5% increase from $90,793,000 as of April 30, 2024 [2] Company Overview - Value Line, Inc. is a prominent provider of investment research, known for its widely used Value Line Investment Survey [4] - The company offers a range of proprietary investment research products in both print and digital formats, catering to individual and institutional investors [4]

Financial Performance - For the six months ended October 31, 2024, the company's net income was $11,572,000, or $1.23 per share, representing a 38.6% increase from $8,347,000, or $0.89 per share, in the same period of 2023[164]. - During the three months ended October 31, 2024, the company's net income was $5,685,000, or $0.60 per share, which is 63.0% higher than $3,488,000, or $0.37 per share, for the same period in 2023[165]. - The company's income before income taxes for the three months ended October 31, 2024, was $7,560,000, reflecting a 64.7% increase from $4,590,000 in the same period of 2023[163]. - The company's income from operations for the six months ended October 31, 2024, was $3,591,000, a decrease of 33.8% from $5,421,000 in the same period of 2023[164]. Revenue and Expenses - Total publishing revenues for the six months ended October 31, 2024, were $17,725,000, down 8.4% from $19,353,000 in the prior fiscal year[175]. - Print publication revenues decreased by 6.3% to $4,414,000 during the six months ended October 31, 2024, compared to $4,709,000 in the same period last year[176]. - Digital revenues for the same period were $8,055,000, slightly lower than $8,146,000 in the prior fiscal year, reflecting weak investor sentiment[176]. - Copyright fees fell by 19.1% to $5,256,000 during the six months ended October 31, 2024, compared to $6,498,000 in the previous year[179]. - The company's total operating expenses for the six months ended October 31, 2024, were $14,134,000, which is a 1.4% increase from $13,932,000 in the same period of 2023[164]. - Advertising and promotion expenses increased by 26.9% to $1,722,000 during the six months ended October 31, 2024, compared to $1,357,000 in the prior fiscal year[192]. - Office and administrative expenses increased by 4.1% to $2,356,000 for the six months ended October 31, 2024, due to software upgrades and outsourced fulfillment costs[195]. Investment Performance - Total investment gains increased by 993.5% to $2,895,000, primarily from unrealized gains on equity securities and increased interest income[198]. - Investment gains for the three months ended October 31, 2024, were $1,186,000, a significant increase of 209.9% compared to a loss of $1,079,000 in the same period of 2023[163]. - EAM's investment management fees for the six months ended October 31, 2024, were $15,342,000, up from $11,068,000 in the same period last year[184]. - Total assets in the Value Line Funds managed by EAM increased by 44.6% to $4.78 billion as of October 31, 2024, from $3.31 billion a year earlier[181]. Cash Flow - Cash inflows from operating activities rose to $7,844,000 for the six months ended October 31, 2024, compared to $5,763,000 in the same period last year[205]. - Cash inflows from investing activities were $4,889,000 for the six months ended October 31, 2024, compared to cash outflows of $3,808,000 in the prior year[208]. - Cash outflows from financing activities were $5,830,000 for the six months ended October 31, 2024, with quarterly dividend payments totaling $5,652,000[209]. Tax and Working Capital - The effective income tax rate increased to 24.65% for the six months ended October 31, 2024, up from 23.76% in the prior year, primarily due to higher state and local income taxes[200]. - Working capital increased to $52,961,000 as of October 31, 2024, compared to $48,770,000 as of April 30, 2024[203]. Market and Economic Conditions - The U.S. economy's GDP expanded by an estimated 2.8% in the September 2024 period, following a 3.0% advance in the June quarter, driven by a 3.5% increase in personal consumption expenditures[158]. - The Federal Reserve reduced the federal funds rate by 0.75 percentage points to a range of 4.50% to 4.75% as of November 2024, indicating a shift in monetary policy to support economic growth[159]. Securities and Investments - The aggregate cost and fair value of fixed income securities classified as available-for-sale were $39,008,000 and $38,915,000, respectively, as of October 31, 2024[226]. - The fair value of fixed income securities would decrease to $37,909,000 with a hypothetical 100 basis points increase in interest rates[228]. - The fair value of fixed income securities would increase to $39,359,000 with a hypothetical 100 basis points decrease in interest rates[228]. - The estimated fair value of equity securities as of October 31, 2024, is $21,837,000, up from $16,344,000 as of April 30, 2024[233]. - The aggregate cost of equity securities increased from $11,663,000 to $15,505,000 between April 30, 2024, and October 31, 2024[233]. - A hypothetical 30% increase in equity prices would raise the estimated fair value of equity securities to $28,388,000, while a 30% decrease would lower it to $15,286,000[234]. - The company's policy limits investments in any single issue to no more than 5% of the approximate average daily trading volume to maintain liquidity[232]. - The estimated fair value of equity securities would change by 5.35% in shareholders' equity with a hypothetical 30% price change[234]. - The company regularly monitors the maturity structure of its investments to manage price risk associated with interest rate changes[228].

Core Insights - Value Line, Inc. reported a net income of $5.9 million for the fiscal first quarter ended July 31, 2024, representing a 21.2% increase from the previous year's $4.9 million [1] - The company's revenues rose significantly, driven by non-voting revenues and profits interests in EAM, totaling $4.2 million, a 48.4% year-over-year increase [2] - Total investment gains for the quarter reached $1.7 million, reflecting a 126.4% rise from the prior year's gains of $1 million [5] Financial Performance - Earnings per share (EPS) for the quarter was 62 cents, up from 52 cents in the same quarter last year [1] - The growth in earnings was attributed to operational gains and improved financial market conditions, particularly from EAM's strong asset management performance [3][4] - Retained earnings increased to $107.3 million, a 2.9% rise from April 30, 2024, while shareholders' equity grew to $93.9 million, a 3.4% increase from the prior quarter [6] Business Drivers - The strong performance of EAM in managing equity and debt securities was a key driver of revenue growth [2][3] - Management highlighted that gains from EAM were supported by positive market conditions and strategic asset allocation [4] - The diversified portfolio of the company, especially its non-voting revenue interests in EAM, significantly contributed to the overall performance [3]