Wilhelmina Q2 revenue rises 21% to $17.6M; net income falls 18% on prior-year benefits

Wilhelmina International, Inc.

2022-Q2 EPS reported $0.32 revenue$34,249,000

Q2 revenue $17.6M (+21.3% YoY), net income $0.9M ($0.18 EPS) vs $1.1M ($0.22 EPS)
Operating income $1.04M (+16.7%); bookings growth as COVID restrictions eased
Net income decline driven by non-recurrence of $0.1M PPP loan gain and $0.4M employee retention credit from Q2 2021
Adjusted EBITDA $1.14M (flat); Pre-Corporate EBITDA $1.36M (+2.3%)
Six-month revenue $34.2M (+29.3%), net income $1.66M (-50.3%), adjusted EBITDA $2.13M (+41.6%)

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