Value Line Inc (VALU) 10-Q Quarterly Report Fri Dec 13 2019

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Oct. 31, 2019	Dec. 06, 2019
Document Information [Line Items]
Entity Registrant Name	VALUE LINE INC
Entity Central Index Key	0000717720
Trading Symbol	valu
Current Fiscal Year End Date	--04-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		9,641,547
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Oct. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Title of 12(b) Security	Common stock, $0.10 par value per share

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Inside Value Line Inc's 10-Q Quarterly Report:

Mgmt Change - Other Highlight
The Value Line Mid-Cap Focused Fund, the Value Line Small Cap Opportunities Fund and the Value Line Capital Appreciation Fund have been named "Category Kings" in The Wall Street Journal ("Journal") in multiple months in recent years.

Revenue - Product Highlight
The decrease in cash inflows from fiscal 2019 to fiscal 2020 is primarily attributable to timing of the receipt of copyright fees as compared to the prior fiscal year and a decline in unearned revenues from subscriber prepaid orders for publications.
Financial - Expense Highlight
Production and distribution expense categories decreased 6.7% as a result of cost controls and a decline in amortization of internally developed software during the six months ended October 31, 2019.
Financial - Income Highlight
Effective income tax rate The overall effective income tax rates, as a percentage of pre-tax ordinary income for the six months ended October 31, 2019 and October 31, 2018 were 27.29% and 19.14%, respectively.
Financial - Expense Highlight
Advertising and promotion During the three and six months ended October 31, 2019, advertising and promotion expenses of $702,000 and $1,645,000, respectively, increased 9.3% and 5.3% as compared to the prior fiscal year.
Financial - Expense
The increase of $117,000 during...Read more
Financial - Expense
Operating expenses of $7,451,000 during...Read more
Financial - Shares
The Value Line equity and...Read more
Other - Other
Other unknown or unpredictable factors...Read more
Revenue - Product
During the six months ended...Read more
Other - Other
ASU No. 2014-09 is effective...Read more
Financial - Cash Flow
In November 2016, the FASB...Read more
Financial - Expense
Office and administration During the...Read more
Other - Other
Effective December 23, 2010, EULAV...Read more
Revenue - Product
Print publication revenues of $6,290,000...Read more
Legal - Other
The Company's annualized overall effective...Read more
Other - Other
The Company adopted ASU 2016-02...Read more
Other - Other
This report contains statements that...Read more
Other - Other
However, the acceleration in economic...Read more
Other - Other
Except as otherwise required to...Read more
Other - Other
The Company believes the following...Read more
Financial - Shares
Although, under the terms of...Read more
Other - Other
Still, with consumer spending reasonably...Read more
Financial - Shares
At October 31, 2019, equity,...Read more
Financial - Shares
Cash outflows for financing activities...Read more
Other - Other
The largest of the individual...Read more
Financial - Income
The Company recorded income from...Read more
Other - Other
Management does not anticipate making...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Value Line Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: VALU
CIK: 717720
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-19-024393
Submitted to the SEC: Fri Dec 13 2019 7:21:31 PM EST
Accepted by the SEC: Fri Dec 13 2019
Period: Thursday, October 31, 2019
Industry: Investment Advice