Wilhelmina International, Inc. Reports Results for Third Quarter 2023
Third Quarter Financial Results
DALLAS, Nov. 09, 2023 (GLOBE NEWSWIRE) — Wilhelmina International, Inc. (Nasdaq:WHLM) (“Wilhelmina” or the “Company”) today reported revenues of $4.5 million and net income of $0.4 million for the three months ended September 30, 2023, compared to revenues of $4.4 million and net income of $1.9 million for the three months ended September 30, 2022. For the nine months ended September 30, 2023, Wilhelmina reported revenues of $13.4 million and net income of $0.5 million compared to revenue of $13.7 million and net income of $3.5 million for the nine months ended September 30, 2022. Net income for the three and nine months ended September 30, 2022 were significantly impacted by the full release of a previous $1.5 million valuation allowance against deferred tax assets.