NEW YORK, July 20 /PRNewswire-FirstCall/ -- - Value Line, Inc., reported results for its fiscal year ended April 30, 2007. Net income for the twelve months ended April 30, 2007 of $24,607,000 or $2.47 per share was $1,168,000 or 5% above net income of $23,439,000 or $2.35 per share for the fiscal year ended April 30, 2006. Net income for the fourth quarter ended April 30, 2007 of $5,235,000 was 8% below net income of $5,712,000 for the last quarter of the fiscal year ended April 30, 2006. Operating income of $35,636,000 for the twelve months ended April 30, 2007 was $456,000 or 1% above operating income of $35,180,000 the fiscal year ended April 30, 2006. Operating income of $7,847,000 for the three months ended April 30, 2007 was 17% below operating income of $9,510,000 for the last quarter of the fiscal year ended April 30, 2006. The Company's income from securities transactions of $4,867,000 for the twelve months of fiscal 2007 was 26% above last year's income of $3,869,000. Total assets of $128,963,000 at April 30, 2007 were up 8% over total assets of $119,214,000 at April 30, 2006. Shareholders' equity of $75,572,000 at April 30, 2007 was 22% higher than shareholders' equity of $61,935,000 at April 30, 2006.
Value Line, Inc. is a leading New York based publishing and investment management company. The Value Line Investment Survey is one of the best known independent investment publications. Value Line also produces and publishes other proprietary investment periodicals in both print and electronic formats. The Company also licenses some proprietary information, and provides investment management services to the Value Line family of no-load mutual funds and institutional and individual portfolios through its asset management division. For a detailed description of products and services, please visit http://www.valueline.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This report contains statements (including certain projections and business trends) accompanied by such phrases as "believe", "estimate", "expect", "anticipate", "will", "intend" and other similar or negative expressions, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:
-- dependence on key personnel;
-- maintaining revenue from subscriptions for the Company's products;
-- protection of intellectual property rights;
-- changes in market and economic conditions;
-- fluctuations in the Company's assets under management due to broadly
based changes in the values of equity and debt securities, redemptions
by investors and other factors;
-- dependence on Value Line Funds for investment management and related
fees;
-- competition in the fields of publishing, licensing and investment
management;
-- the impact of government regulation on the Company's business and the
uncertainties of litigation and regulatory proceedings;
-- terrorist attacks; and
-- other risks and uncertainties, including but not limited to the risks
described in Item 1A, "Risk Factors" of the annual report 10-K, and
other risks and uncertainties from time to time.
Any forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Value Line, Inc.
Consolidated Summary of Financial Results
(in thousands, except per share amounts)
For the three months For the twelve months
ended April 30, ended April 30,
2007 2006 2007 2006
Revenues $20,438 $21,728 $83,635 $85,186
Operating income $7,847 $9,510 $35,636 $35,180
Income from securities
transactions, net $720 $298 $4,867 $3,869
Income before income
taxes $8,567 $9,808 $40,503 $39,049
Net income $5,235 $5,712 $24,607 $23,439
Earnings per share,
basic and fully diluted $0.53 $0.57 $2.47 $2.35
