Teton Advisors Stock Price, News & Analysis

Teton Advisors, Inc. (OTCQX: TETAA) reported its Q4 and full-year 2022 financial results, revealing a 16% decline in annual revenue to $13.8 million and a 22% drop in Q4 revenue to $3.2 million. Fully diluted GAAP EPS decreased to $1.18 for the year from $1.85, with Q4 EPS at $0.27, down from $0.43. Cash EPS for the year was $1.62, a decline from $2.10. Average assets under management (AUM) fell 15% year-over-year to $1.7 billion. However, cash, cash equivalents, and marketable securities increased to $21.6 million, reflecting a 60% year-over-year growth. The company also announced the successful transition of its CEO position to Stephen Bondi as of April 24, 2023.

Teton Advisors, Inc. (OTCQX: TETAA) reported its preliminary third quarter 2022 results, noting revenues of $3.3 million, down from $3.5 million in Q2 2022 and $4.2 million in Q3 2021. Net income was $0.3 million to $0.4 million, showing a decline from $0.5 million year-over-year. EPS ranged from $0.26 to $0.29, compared to $0.42 in Q3 2021. Total AUM dropped to $1.4 billion from $1.6 billion at the end of Q2. The company completed a rights offering, raising over $5 million, and was upgraded to OTCQX.

Teton Advisors, Inc. (OTC PINK: TETAA) has pre-announced its assets under management (AUM) for August 31, 2022, reporting a decrease to $1.6 billion from $2.0 billion at the end of 2021. Monthly revenues for August 2022 are expected to be approximately $1.1 million, down from $1.4 million in August 2021. Year-to-date revenues are around $9.5 million, compared to $11.0 million last year. Cash and marketable securities increased to $15.2 million. The rights offering is set to expire on September 21, 2022, with expected gross proceeds of $6.8 million.

Teton Advisors, Inc. (OTC PINK: TETAA) announced that its subscription rights, symbolized as 'TETAR', are now trading on OTC PINK and will be available until five business days before September 21, 2022. Shareholders of record as of June 3, 2022, receive three rights for each share owned, with nine rights needed to purchase one new share at $15.50. Expected gross proceeds are around $6.8 million, aimed for working capital and acquisitions. However, there's no assurance regarding the market sustainability for the rights.

Teton Advisors, Inc. (OTC PINK: TETAA) has amended its Subscription Rights Offering Circular, setting the record date for June 3, 2022, with the subscription period extending to September 21, 2022. Stockholders will receive three transferable subscription rights for each share owned, allowing them to purchase additional Class A common stock at $15.50 per share. The offering aims to raise approximately $6.8 million, which will be used for general corporate purposes and potential acquisitions. The rights offering may be modified or canceled before completion.

Teton Advisors, Inc. (OTC PINK: TETAA) announced its 2022 Annual Meeting of Shareholders scheduled for May 24, 2022, at 8:30 A.M. ET, offering both virtual and in-person participation options. Following the meeting, a company review will be held to discuss operational updates. Shareholders can access the event by registering online and will receive confirmation details via email. Teton focuses on smaller company investments and aims to uncover hidden value in equities, guided by founder methodologies to achieve long-term success.

Teton Advisors reported strong Q4 and full-year 2021 results, with a fully diluted GAAP EPS of $1.85, recovering from a loss of ($2.82) the previous year. Q4 revenue increased 23% quarter-over-quarter to $4.1 million, while full-year revenue rose 19% to $16.4 million. The acquisition of Gabelli Global Partners marks its foray into alternative asset management, alongside a special committee exploring M&A opportunities. The board approved a 5:1 rights offering and an increase in authorized shares from 2.58 million to 7.5 million. Cash and marketable securities reached $21.5 million by year-end.