VALUE LINE, INC. ANNOUNCES SECOND QUARTER EARNINGS

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]