Home  »  Equity Investing   »  Wilhelmina International Inc. (WHLM) stock gains i...

Wilhelmina International Inc. (WHLM) stock gains in the pre-market trading. Why is it so?

Wilhelmina International Inc. (WHLM)  stock declined by 4.24% at the last trading close whereas the WHLM stock price rises by 88.29% in the pre-market trading. For now, the rise in WHLM stock is not followed by any news or update. Besides this, WHLM has recently reported its financial results which will be discussed below. Wilhelmina is a global full-service fashion model and talent management agency focusing in the representation and management of top models, actors, musicians, photographers, athletes, and content creators.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored

Recent Development

Financial Results 2020

  • The net income calculated for the fourth quarter 2020 and full year ended on December 31, 2020 was $0.4million and $4.9 million respectively compared to a net loss of $5.0 million and $4.8 million for the fourth quarter and full year 2019, respectively.
  • WHLM’s Office and general expenses decreased by 26.9% and 18.1 percent, respectively, for the three months and fiscal year ended December 31, 2020, owing to lower rent, legal fees, computer expense, utilities, and other office expenses, partially offset by an increase in bad debt expense.
  • Revenues net of model costs declined by 34.4 percent and 44.9 percent for the three months and fiscal year ended December 31, 2020, respectively, due to COVID-19-related delayed and withdrawn bookings, as well as the termination of the Wilhelmina Studios division in the fourth quarter of 2019 and the cessation of the hair and makeup artist division in the second half of 2020.
  • For the three months and fiscal year ended December 31, 2020, Pre-Corporate EBITDA of WHLM was $1.3 million and ($1.0) million, respectively, relative to $0.7 million and $3.1 million for the three months and fiscal year ended December 31, 2019.
  • Goodwill impairments of $0.8 million and $4.8 million were reported in the first quarter of 2020 and the fourth quarter of 2019, respectively, for the years ended December 31, 2020, and December 31, 2019.
  • Corporate overhead expenditures decreased by 3.9% and 14.5% for the three months and financial year ended December 31, 2020, respectively, due to lesser corporate travel costs and temporary decreases in fees to WHLM’s Board of Directors.

Conclusion

Like every other business, the novel coronavirus COVID-19 pandemic had a significant effect on sales during the three and twelve months ended December 31, 2020. Currently WHLM is working to overcome the loss they have faced during the previous year. Nothing can be said with complete certainty about the progress of WHLM for the year 2021 since the pandemic is still not over.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

385

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam