Core Viewpoint - Hennessy Advisors, Inc. reported positive financial results for the third fiscal quarter of 2025, highlighting growth in revenue, net income, and assets under management, while maintaining a stable dividend payout [1][4][8]. Financial Performance - Total revenue for the quarter was $8.1 million, an increase of 3.5% compared to $7.8 million in the same quarter of the previous year [4][8]. - Net income rose to $2.1 million, reflecting a 4.5% increase from $2.0 million year-over-year [4][8]. - Earnings per share (diluted) remained unchanged at $0.26 [4][8]. - Average assets under management increased by 5.3% to approximately $4.1 billion, up from $3.9 billion [4][8]. - Total assets under management reached $4.3 billion, marking a 6.3% increase from $4.0 billion [4][8]. - Cash and cash equivalents, net of gross debt, grew significantly by 38.1% to $30.0 million, compared to $21.8 million in the prior year [4][8]. Strategic Outlook - The company expressed confidence in the resilience of the U.S. labor market and the overall economy, citing low unemployment and consistent payroll growth as positive indicators [2]. - Management emphasized a focus on fundamentals rather than reacting to market volatility, with optimism about future performance following the passage of major fiscal legislation [2]. - Hennessy Advisors is also working on expanding its ETF offerings by assuming management of additional tactical growth and income ETFs [3].