Welcome to our dedicated page for Wilhelmina Intl news (Ticker: WHLM), a resource for investors and traders seeking the latest updates and insights on Wilhelmina Intl stock.
Wilhelmina International Inc (WHLM), a global leader in talent management since 1967, maintains this dedicated news hub for stakeholders tracking its fashion and entertainment industry activities. This page aggregates official announcements, financial disclosures, and strategic developments from one of the world's most established modeling agencies.
Investors and industry professionals will find timely updates on earnings reports, management changes, and strategic partnerships, alongside insights into WHLM's operational expansions. The curated collection serves as a historical record and real-time tracker of corporate milestones across its New York, London, and Los Angeles offices.
Content highlights include quarterly financial results, talent acquisition announcements, and analyses of market positioning within the competitive modeling landscape. Regular updates reflect WHLM's dual focus through its main agency and Aperture subsidiary operations.
Bookmark this page for streamlined access to WHLM's evolving narrative in talent representation. Cross-reference materials here with SEC filings and industry reports for comprehensive due diligence.
Wilhelmina International (NASDAQ:WHLM) has announced a correction to its voluntary delisting timeline from the Nasdaq Capital Markets. The company's last trading day on Nasdaq will be Friday, December 27, 2024, rather than the previously announced December 31, 2024. After delisting, trading of Wilhelmina's Common Stock will be to privately negotiated sales and potentially over-the-counter markets if brokers make a market in the shares. However, there is no guarantee of continued trading availability through these alternative channels.
Wilhelmina International (NASDAQ:WHLM) has announced its voluntary delisting from the Nasdaq Capital Market. The company filed Form 25 on December 20, 2024, for the removal of listing and deregistration under Section 12(b) of the Securities Exchange Act of 1934. The expected final trading day on Nasdaq is around December 31, 2024.
After delisting, trading of Wilhelmina's Common Stock will be to privately negotiated sales and potentially over-the-counter markets if brokers make a market in the shares. However, there is no guarantee of continued trading or broker market-making activities.
Wilhelmina International (Nasdaq: WHLM) reported its first-quarter 2024 financial results, showing a decline in overall performance. Revenues dropped to $4.2 million, a 7% decrease from Q1 2023. Net income fell to $0.1 million, or $0.02 per diluted share, compared to $0.2 million, or $0.03 per diluted share, from the previous year. The drop in revenues was attributed to decreased commissions in the company’s core modeling and Aperture divisions. Operating income saw a significant decline of 68.1% to $73,000. Additionally, Gross Billings fell by 10% to $15.8 million. The company experienced a 58% drop in EBITDA and a 57.9% decline in Adjusted EBITDA. While office and general expenses decreased by 22.7%, salaries and service costs rose by 3.0%. Corporate overhead expenses also increased by 3.7%.
Wilhelmina International (WHLM) reported its financial results for the year ended December 31, 2022, showcasing annual revenues of $17.8 million, a 10.4% increase from 2021. Operating income reached $2.4 million, the highest since 2014, while gross billings surged to $70 million, a 17.9% rise year-over-year. Despite these gains, Q4 revenues fell by 4.7% to $4.1 million due to declining core modeling bookings in major markets. Net income for the year was $3.5 million, down 21.9% from 2021, impacted by the release of a $1.5 million valuation allowance on deferred tax assets. The company's cash position improved, with $12 million in cash and equivalents at year-end.
Wilhelmina International (WHLM) reported third-quarter 2022 revenues of $16.3 million, up 7.6% year-over-year, and net income of $1.9 million, a 63.7% increase from $1.2 million in Q3 2021. Total revenues for the year-to-date reached $50.5 million, a 21.4% increase from $41.6 million last year. However, operating income decreased by 34.1% to $671,000, while net income for the nine months fell 21.1%. A significant factor was a $1.5 million tax benefit from a released valuation allowance on deferred tax assets, countering earlier gains from PPP loans and tax credits.
Wilhelmina International reported Q2 2022 revenues of $17.6 million, up 21.3% from Q2 2021. Net income was $0.9 million, a decrease of 17.8%. Year-to-date revenues reached $34.2 million, a 29.3% increase, while net income dropped 50.3% to $1.7 million. The rise in revenue is attributed to increased bookings post-COVID-19 restrictions. However, net income was negatively impacted by losses on foreign exchange and higher salaries following previous salary reductions.
