Value Line Inc (VALU) 10-Q Quarterly Report Mon Sep 13 2021

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Jul. 31, 2021	Aug. 31, 2021
Document Information [Line Items]
Entity Central Index Key	0000717720
Entity Registrant Name	VALUE LINE INC
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
Document Transition Report	false
Entity File Number	0-11306
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3139843
Entity Address, Address Line One	551 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10176-0001
City Area Code	212
Local Phone Number	907-1500
Title of 12(b) Security	Common stock, $0.10 par value per share
Trading Symbol	VALU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,557,141

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

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, 2021 and July 31, 2020, were 20.99% and 25.10%, respectively.

Financial - Expense Highlight
Office and administration During the three months ended July 31, 2021, office and administrative expenses of $981,000 decreased 22.5% below the prior fiscal year, primarily due to a favorable settlement of a disputed fee with a contractor.
Financial - Expense Highlight
Advertising and promotion During the three months ended July 31, 2021, advertising and promotion expenses of $1,047,000 decreased 0.8% as compared to the prior fiscal year, primarily due to a decrease in direct mail campaigns costs partially offset by an 8.7% increase in media advertising expenses and institutional sales commissions.
Financial - Cash Flow Highlight
The increase in cash flows from fiscal 2021 to fiscal 2022 is primarily attributable to higher net income and an increase in cash receipts from EAM.
Financial - Dividend Highlight
During the three months ended July 31, 2020, the Companys investment gains, primarily derived from dividend and interest income, investment gains recognized on sales of equity securities during the period and unrealized gains recognized on equity securities held at the end of the period in fiscal 2021, were $1,171,000.
Financial - Shares
The share repurchase program was...Read more
Revenue - Product
Digital revenues of $3,961,000 were...Read more
Financial - Expense
The decrease in the cost...Read more
Financial - Shares
The Value Line equity and...Read more
Other - Other
Other unknown or unpredictable factors...Read more
Financial - Expense
For the three months ended...Read more
Other - Other
This report contains statements that...Read more
Financial - Dividend
26 Investment gains / (losses)...Read more
Financial - Cash Flow
28 Management believes that the...Read more
Revenue - Product
Sources of subscription sales During...Read more
Financial - Expense
Base rent under the Lease...Read more
Financial - Shares
Although, under the terms of...Read more
Financial - Expense
Base rent under the sublease...Read more
Revenue - Product
During the three months ended...Read more
Revenue - Product
Print publication revenues of $2,986,000...Read more
Revenue - Product
23 Investment periodicals and related...Read more
Financial - Shares
Cash outflows for financing activities...Read more
Legal - Other
The Company's annualized overall effective...Read more
Financial - Income
25 The Company recorded income...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: 0001437749-21-022036
Submitted to the SEC: Mon Sep 13 2021 5:01:14 PM EST
Accepted by the SEC: Mon Sep 13 2021
Period: Saturday, July 31, 2021
Industry: Investment Advice