earnings
confidence high
sentiment neutral
materiality 0.70
Wilhelmina FY2021 revenue $56.8M (+37%), net income $4.5M; Q4 EPS $0.00; cyber fraud $0.6M charge
Wilhelmina International, Inc.
- FY2021 revenue $56.8M, up 36.6% YoY; net income $4.5M ($0.88 diluted EPS) vs loss of $4.9M in 2020.
- Q4 2021 revenue $15.2M (+27% YoY), net income $23k ($0.00 EPS) vs $0.4M ($0.08 EPS) in Q4 2020.
- Adjusted EBITDA for FY2021 $3.6M, highest since 2011; Pre-Corporate EBITDA $4.5M, highest since 2013.
- Cybersecurity incident – business email compromise fraud – led to $0.6M charge in Q4 2021; cooperating with federal authorities.
- PPP loan forgiveness of $2.0M and $1.3M employee retention tax credit boosted annual results; term loan fully repaid.