Very good quarter...finally turned a profit. Now we just need to get that litigation settled...all in all I'm excited about the prospects here.
DALLAS, Aug. 16 /PRNewswire-FirstCall/ -- Wilhelmina International, Inc. (OTC Bulletin Board:WHLM.ob - News) (the "Company") today reported total revenues of $12.2 million and $23.7 million for the three and six months ended June 30, 2010, respectively, compared to $9.5 million and $13.4 million for the three and six months ended June 30, 2009, respectively. Additional information regarding the Company's results is disclosed in the Form 10-Q for the quarter ended June 30, 2010 that was filed with the Securities and Exchange Commission on August 16, 2010.
The net income applicable to common stockholders was $461,000 or $0.00 per fully diluted share and $431,000 or $0.00 per fully diluted share for the three and six months ended June 30, 2010, respectively, compared to a net loss of $736,000 or $0.00 per fully diluted share and $1,577,000 or $0.01 per fully diluted share for the three and six months ended June 30, 2009, respectively.
The net income for the three and six months ended June 30, 2010 includes before tax charges of $483,000 and $966,000 for amortization of intangible assets and depreciation and $275,000 and $724,000 for corporate overhead, respectively. The net loss for the three and six months ended June 30, 2009 includes before tax charges of $535,000 and $735,000 for amortization of intangible assets and depreciation, $483,000 and $609,000 for corporate overhead and $15,000 and $660,000 for acquisition transaction costs, respectively.
