Wilhelmina International (WHLM) Reports Q4 EPS of $0.02
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Wilhelmina International, Inc. Reports Record 2015 Revenue
March 29, 2016 5:15 PM EDT2015 revenue up 9% to a record $83.8 million, with fourth quarter 2015 revenue up slightly to $19.3 million.Adjusted EBITDA for the full year 2015 declined modestly to $3.1 million from $3.3 million, while Pre-Corporate EBITDA for the year declined from $4.5 million to $4.0 million.The full year decline in both EBITDA measures was driven by a swing to negative Adjusted EBITDA in the fourth quarter, due to a combination of slower revenue growth, increased bad debt reserves, and increased costs at the new London operation to position it as a growth platform.Net income increased 26% for the full year and... More
