Wilhelmina FY2022 revenue $17.8M (+10.4%); net income $3.5M (-21.9%); Q4 net loss $18K

Wilhelmina International, Inc.

Annual revenue $17.8M, up 10.4% YoY; gross billings $67.0M, up 17.9%.
Net income $3.5M ($0.68 diluted EPS) vs $4.5M ($0.88) in 2021; Q4 net loss $18K.
Operating income $2.4M, highest since 2014; cash $12.0M at year-end, record high.
Results impacted by $1.5M deferred tax asset valuation allowance release in 2022; prior year had $2.0M PPP loan forgiveness.
Revenue growth driven by post-COVID reopening; Q4 decline due to lower US/UK bookings.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Wilhelmina International, Inc. reported the three months ended December 31, 2022 results: revenue $4.1 million, net income $18 thousand, EPS $0.00 per fully diluted share.

Period: the three months ended December 31, 2022
Revenue: $4.1 million
Net income: $18 thousand
EPS: $0.00 per fully diluted share
Result: reported results

Exact text from the filing

Wilhelmina International, Inc. (Nasdaq: WHLM) ("Wilhelmina" or the "Company") today reported revenues of $4.1 million and net loss of $18 thousand for the three months ended December 31, 2022, compared to revenues of $4.3 million and net income of $23 thousand for the three months ended December 31, 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Wilhelmina International, Inc. reported the fiscal year ended December 31, 2022 results: revenue $17.8 million, net income $3.5 million, EPS $0.68 per fully diluted share.

Period: the fiscal year ended December 31, 2022
Revenue: $17.8 million
Net income: $3.5 million
EPS: $0.68 per fully diluted share
Result: reported results

Exact text from the filing

For the fiscal year ended December 31, 2022, Wilhelmina reported revenues of $17.8 million and net income of $3.5 million compared to revenue of $16.1 million and net income of $4.5 million for the fiscal year ended December 31, 2021.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Wilhelmina International, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-001836

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