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- Revenues from continued operations of $668.0 thousand compared to $838.2 thousand a year ago
- Fully diluted GAAP EPS from continued operations of $0.04 compared to ($0.06) a year ago
- Fully diluted Cash EPS¹ $0.08 compared to $0.23 a year ago
- Average AUM from continuing operations of $291 million compared to $368 million a year ago
- Cash and liquid investments totaled $30.3 million compared to $25.1 million a year ago
- GAAP Book Value per Share is $21.55 compared with $17.69 a year ago
- Company reincorporates in Wyoming
- Holding company name changes to Alpha G Investment Management, Inc. from Teton Advisors, Inc.
- Registered investment advisor operating subsidiaries of Teton Advisors and Keeley Teton Advisors pursue growth in alternatives and exchange traded structures.
GREENWICH, Conn.–Alpha G Investment Management, Inc. (OTCQX: TETAA) (“Alpha G” or the “Company”) announced its third quarter results, along with the reincorporation in Wyoming, holding company name change to Alpha G Investment Management, Inc., and its registered investment advisors subsequent growth into alternative product structures.
| Financial Highlights | |||||||||||
| ($’s in 000’s except AUM and per share data) | |||||||||||
| Third Quarter | |||||||||||
|
2025 |
2024 |
||||||||||
| AUM – average (in millions) |
$ |
291 |
|
$ |
368 |
|
(1 |
) |
|||
| AUM – end of period (in millions) |
|
292 |
|
|
368 |
|
(1 |
) |
|||
| Revenues from continued operations |
|
668 |
|
|
838 |
|
|||||
| Investment and other income from continued operations |
|
403 |
|
|
377 |
|
|||||
| Income before income taxes from continued operations |
|
94 |
|
|
94 |
|
|||||
| Net income from continued operations |
|
66 |
|
|
(94 |
) |
|||||
| Net (loss) from discontinued operations |
|
(141 |
) |
|
339 |
|
|||||
| Net income (loss) |
|
(75 |
) |
|
245 |
|
|||||
| Net income per fully diluted share – continued operations |
|
0.04 |
|
|
(0.06 |
) |
|||||
| Net income per fully diluted share – discontinued operations |
|
(0.09 |
) |
|
0.21 |
|
|||||
| Net income per fully diluted share |
$ |
(0.05 |
) |
$ |
0.15 |
|
|||||
| (1) – AUM from continuing operations | |||||||||||
Current quarter reflects the first full period post the sale of Keeley Teton Advisors assets, resulting in net income from continuing operations of $66.3 thousand, or $0.04 per fully diluted share, compared to a net loss of $93.6 thousand, or $(0.06) per share, for the same period a year ago. Excluding certain non-cash items, Cash Earnings¹ and Cash Earnings per fully diluted share from continuing operations were $125.7 thousand and $0.08, respectively, for the current quarter as compared to $372.7 and $0.23 for the comparative quarter in 2024.
Operating revenues for the third quarter of 2025 were $668.0 thousand, compared to $838.2 thousand in the comparative quarter in 2024. Average AUM from continuing operations was $291 million for the third quarter of 2025, versus $368 million for the comparative period in 2024.
Fully Diluted Book Value per share ended the third quarter of 2025 at $21.55 per share as compared to $17.69 for the third quarter ended 2024. Fully Diluted Book Value for the third quarter of 2025 includes $5.5 million of cash, or approximately 3.40 per share, from the first installment of the sale of Keeley Teton Advisors completed in the prior quarter, with the minimum remaining guaranteed payment of $6.0 million due on or before May of 2030, not included in the net cash position as stated.
|
¹Cash earnings and cash earnings per fully diluted share are non-GAAP performance measures and are explained and reconciled in the Supplemental Financial Information section on page 3 of this press release. The quarterly results include amortization and impairment of intangible assets. |
|
ALPHA G INVESTMENT MANAGEMENT, INC |
||||||||
|
(formerly Teton Advisors, Inc.) |
||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION |
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