VALUE LINE, INC. ANNOUNCES FIRST QUARTER EARNINGS

NEW YORK, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the first fiscal quarter ended July 31, 2023. 

During the three months ended July 31, 2023, the Company’s net income of $4,859,000, or $0.52 per share, was 9.0% above net income of $4,458,000, or $0.47 per share, for the three months ended July 31, 2022. During the three months ended July 31, 2023, the Company’s income from operations of $2,747,000 was 7.5% above income from operations of $2,556,000 during the three months ended July 31, 2022. For the three months ended July 31, 2023, operating expenses decreased 5.3% below those during the three months ended July 31, 2022.

Retained earnings at July 31, 2023, were $98,197,000, an increase of 2.3% compared to retained earnings at April 30, 2023. The Company’s liquid assets at July 31, 2023, were $64,595,000, a 4.1% increase from liquid assets at April 30, 2023. Shareholders’ equity reached $85,491,000 at July 31, 2023, an increase of 2.2% from the shareholders’ equity of $83,673,000 as of April 30, 2023.

The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at www.valueline.com/About/corporate_filings.aspx. Shareholders may receive a printed copy, free of charge upon request to the Company at the address above, Attn: Corporate Secretary. 

Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research. Value Line also publishes a range of proprietary investment research in both print and digital formats including research in the areas of Mutual Funds, ETFs and Options. Value Line’s acclaimed research also enables the Company to provide specialized products such as Value Line Select, The Value Line Special Situations Service, Value Line Select: ETFs, Value Line Select: Dividend Income & Growth, The New Value Line ETFs Service, The Value Line M & A Service, Information You Should Know Wealth Newsletter, The Value Line Climate Change Investing Service and certain Value Line copyrights, distributed under agreements including certain proprietary ranking system information and other proprietary information used in third party products. Investment Advisory services are provided through its non-voting interests in EULAV Asset Management, the investment advisor to The Value Line Family of Mutual Funds. Value Line’s products are available to individual investors by mail, at www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354, while institutional-level services for professional investors, advisers, corporate, academic, and municipal libraries are offered at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling 1-800-531-1425.