Wilhelmina | 10-Q: FY2025 Q2 Revenue: USD 4.553 M

Revenue: As of FY2025 Q2, the actual value is USD 4.553 M.

EPS: As of FY2025 Q2, the actual value is USD 0.02.

EBIT: As of FY2025 Q2, the actual value is USD 149 K.

Financial Metrics by Segment

Service Revenues

• Three months ended June 30, 2025: $4,544 thousand
• Six months ended June 30, 2025: $9,164 thousand

License Fees and Other Income

• Three months ended June 30, 2025: $9 thousand
• Six months ended June 30, 2025: $16 thousand

Operating Expenses

• Salaries and Service Costs: $3,262 thousand for three months ended June 30, 2025; $6,498 thousand for six months ended June 30, 2025
• Office and General Expenses: $945 thousand for three months ended June 30, 2025; $1,912 thousand for six months ended June 30, 2025
• Amortization and Depreciation: $48 thousand for three months ended June 30, 2025; $93 thousand for six months ended June 30, 2025
• Corporate Overhead: $197 thousand for three months ended June 30, 2025; $422 thousand for six months ended June 30, 2025

Operating Income

• Three months ended June 30, 2025: $101 thousand
• Six months ended June 30, 2025: $255 thousand

Operating Margin

• Three months ended June 30, 2025: 2.2%
• Six months ended June 30, 2025: 2.8%

Net Income

• Three months ended June 30, 2025: $111 thousand
• Six months ended June 30, 2025: $268 thousand

Cash Flow

• Net cash used in operating activities: - $2,060 thousand for the six months ended June 30, 2025
• Net cash provided by investing activities: $981 thousand for the six months ended June 30, 2025
• Net cash used in financing activities: - $909 thousand for the six months ended June 30, 2025

Unique Metrics

• Gross Billings: $18,328 thousand for three months ended June 30, 2025; $36,117 thousand for six months ended June 30, 2025
• EBITDA: $149 thousand for three months ended June 30, 2025; $350 thousand for six months ended June 30, 2025
• Adjusted EBITDA: $149 thousand for three months ended June 30, 2025; $348 thousand for six months ended June 30, 2025
• Pre-Corporate EBITDA: $346 thousand for three months ended June 30, 2025; $770 thousand for six months ended June 30, 2025

Future Outlook and Strategy

• Core Business Focus: Increase Wilhelmina’s brand awareness among advertisers and potential talent, expand the women’s high-end fashion board, expand the Aperture division’s representation in commercials, film, and television, expand social media influencer representation, expand the Wilhelmina network through strategic geographic market development, and promote model search contests and events and partner on media projects (television, film, books, etc.).