Value Line Inc (VALU) 10-Q Quarterly Report Fri Sep 11 2020

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Jul. 31, 2020	Aug. 31, 2020
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 Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		9,609,412
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jul. 31, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
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.

Financial - Expense Highlight
Production and distribution During the three months ended July 31, 2020, production and distribution expenses of $1,273,000 increased 9.3% above the prior fiscal year.
Financial - Income Highlight
Effective income tax rate The overall effective income tax rates, as a percentage of pre-tax ordinary income for the three months ended July 31, 2020 and July 31, 2019 were 25.06% and 26.74%, respectively.
Revenue - Product Highlight
Cash outflows for the three months ended July 31, 2020 were lower than in fiscal 2020 primarily due to the proceeds received from the sales of equity and fixed income securities partially offset by the additional equity securities investments in fiscal 2021.
Financial - Earnings Highlight
The largest factors in the increases in net income and income from operations during the three months ended July 31, 2020, compared to the prior fiscal year were an increase in copyright fees and an increase from revenues and profits interests in EAM Trust.
Financial - Expense
During the three months ended...Read more
Revenue - Product
During the three months ended...Read more
Financial - Earnings
The increase in cash inflows...Read more
Financial - Shares
The Value Line equity and...Read more
Other - Other
Other unknown or unpredictable factors...Read more
Financial - Expense
Office and administration During the...Read more
Other - Other
Effective December 23, 2010, EULAV...Read more
Other - Other
Overall, though, there figures to...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
Financial - Expense
Advertising and promotion During the...Read more
Financial - Shares
Shares of Value Line Strategic...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
Financial - Shares
During the three months ended...Read more
Financial - Expense
During the three months ended...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: 0001437749-20-019642
Submitted to the SEC: Fri Sep 11 2020 5:12:56 PM EST
Accepted by the SEC: Fri Sep 11 2020
Period: Friday, July 31, 2020
Industry: Investment Advice