$WHLM
Wilhelmina International Inc

2024 Q2 Form 10-Q Financial Statement

#000168316824003431 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $4.591M $4.171M
YoY Change 2.18% -6.98%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.150M $4.054M
YoY Change -3.26% -3.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.00K $44.00K
YoY Change -26.67% -13.73%
% of Gross Profit
Operating Expenses $4.194M $4.098M
YoY Change -3.45% -3.69%
Operating Profit $397.0K $73.00K
YoY Change 166.44% -68.12%
Interest Expense $77.00K $3.000K
YoY Change 200.0%
% of Operating Profit 19.4% 4.11%
Other Income/Expense, Net $77.00K $76.00K
YoY Change -226.23% -500.0%
Pretax Income $474.0K $149.0K
YoY Change 438.64% -29.05%
Income Tax $227.0K $58.00K
% Of Pretax Income 47.89% 38.93%
Net Earnings $247.0K $91.00K
YoY Change -1864.29% -42.77%
Net Earnings / Revenue 5.38% 2.18%
Basic Earnings Per Share $0.05 $0.02
Diluted Earnings Per Share $0.05 $0.02
COMMON SHARES
Basic Shares Outstanding 5.157M shares 5.157M
Diluted Shares Outstanding 5.157K shares 5.157K shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.99M $11.40M
YoY Change 9.99% 5.0%
Cash & Equivalents $5.712M $4.734M
Short-Term Investments $6.277M $6.670M
Other Short-Term Assets $105.0K $228.0K
YoY Change -47.5% -24.0%
Inventory
Prepaid Expenses
Receivables $9.210M $8.585M
Other Receivables $0.00 $0.00
Total Short-Term Assets $21.30M $20.22M
YoY Change 0.86% -3.15%
LONG-TERM ASSETS
Property, Plant & Equipment $268.0K $291.0K
YoY Change -21.18% -15.41%
Goodwill $7.547M $7.547M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $299.0K $301.0K
YoY Change -0.66% -2.27%
Total Long-Term Assets $19.83M $20.03M
YoY Change -1.82% -1.71%
TOTAL ASSETS
Total Short-Term Assets $21.30M $20.22M
Total Long-Term Assets $19.83M $20.03M
Total Assets $41.13M $40.25M
YoY Change -0.45% -2.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.045M $3.722M
YoY Change 3.72% -8.55%
Accrued Expenses $741.0K $727.0K
YoY Change 23.5% 54.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.00K $33.00K
YoY Change -67.0% -47.62%
Total Short-Term Liabilities $11.63M $11.01M
YoY Change -5.72% -11.09%
LONG-TERM LIABILITIES
Long-Term Debt $105.0K $114.0K
YoY Change 5.0% 67.65%
Other Long-Term Liabilities $2.692M $2.898M
YoY Change -15.88% -13.39%
Total Long-Term Liabilities $4.281M $4.273M
YoY Change -2.19% -2.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.63M $11.01M
Total Long-Term Liabilities $4.281M $4.273M
Total Liabilities $15.91M $15.28M
YoY Change -4.79% -8.91%
SHAREHOLDERS EQUITY
Retained Earnings -$56.94M -$57.19M
YoY Change -1.09% -0.63%
Common Stock $88.93M $88.93M
YoY Change 0.05% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.22M $24.97M
YoY Change
Total Liabilities & Shareholders Equity $41.13M $40.25M
YoY Change -0.45% -2.44%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $247.0K $91.00K
YoY Change -1864.29% -42.77%
Depreciation, Depletion And Amortization $44.00K $44.00K
YoY Change -26.67% -13.73%
Cash From Operating Activities $493.0K -$1.316M
YoY Change 1543.33% 15.95%
INVESTING ACTIVITIES
Capital Expenditures $11.00K $6.000K
YoY Change -72.5% -91.78%
Acquisitions
YoY Change
Other Investing Activities $476.0K $1.000K
YoY Change
Cash From Investing Activities $465.0K -$5.000K
YoY Change -1262.5% -93.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.00K -$32.00K
YoY Change -260.0% 113.33%
NET CHANGE
Cash From Operating Activities 493.0K -$1.316M
Cash From Investing Activities 465.0K -$5.000K
Cash From Financing Activities 16.00K -$32.00K
Net Change In Cash 974.0K -$1.383M
YoY Change -4970.0% 21.64%
FREE CASH FLOW
Cash From Operating Activities $493.0K -$1.316M
Capital Expenditures $11.00K $6.000K
Free Cash Flow $482.0K -$1.322M
YoY Change -4920.0% 9.44%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2024Q1 us-gaap Basis Of Accounting
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<p id="xdx_805_eus-gaap--BasisOfAccounting_zMBwbwveq4Pg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Note 1.  <span id="xdx_825_zgYrjisIRd7h">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The interim consolidated financial statements included herein have been prepared by Wilhelmina International, Inc. (together with its subsidiaries, “Wilhelmina” or the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to those rules and regulations, all adjustments considered necessary in order to make the consolidated financial statements not misleading have been included. In the opinion of the Company’s management, the accompanying interim unaudited consolidated financial statements reflect all adjustments, of a normal recurring nature, that are necessary for a fair presentation of the Company’s consolidated balance sheets, statements of operations and comprehensive income, statements of shareholders’ equity, and cash flows for the periods presented. These interim unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Results of operations for the interim periods are not necessarily indicative of results that may be expected for any other interim periods or the full fiscal year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2016 WHLM Stock Repurchase Program Additional Shares Authorized
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us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Value Acquired Cost Method
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Files In Submission

Name View Source Status
0001683168-24-003431-index-headers.html Edgar Link pending
0001683168-24-003431-index.html Edgar Link pending
0001683168-24-003431.txt Edgar Link pending
0001683168-24-003431-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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whlm-20240331.xsd Edgar Link pending
wilhelmina_ex3101.htm Edgar Link pending
wilhelmina_ex3102.htm Edgar Link pending
wilhelmina_ex3201.htm Edgar Link pending
wilhelmina_ex3202.htm Edgar Link pending
wilhelmina_i10q-033124.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
whlm-20240331_def.xml Edgar Link unprocessable
whlm-20240331_pre.xml Edgar Link unprocessable
whlm-20240331_cal.xml Edgar Link unprocessable
whlm-20240331_lab.xml Edgar Link unprocessable
wilhelmina_i10q-033124_htm.xml Edgar Link completed