Westwood Holdings Reports $4.53M Net Loss for FY2024
Ticker: WHG · Form: 10-K · Filed: Mar 5, 2025 · CIK: 1165002
| Field | Detail |
|---|---|
| Company | Westwood Holdings Group Inc (WHG) |
| Form Type | 10-K |
| Filed Date | Mar 5, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: annual-report, financial-results, loss
TL;DR
WHG lost $4.53M in 2024 after being profitable last year. Big revenue drop in Q4.
AI Summary
Westwood Holdings Group Inc. filed its 2024 10-K on March 5, 2025, reporting total revenues of $68.68 million for the fiscal year ending December 31, 2024. The company experienced a net loss of $4.53 million for the year, a significant downturn from its profitable performance in 2023. This filing covers the period ending December 31, 2024, and details the company's financial performance and position.
Why It Matters
This filing reveals a substantial shift in Westwood Holdings Group's financial performance, moving from profitability to a net loss, which could impact investor confidence and future strategic decisions.
Risk Assessment
Risk Level: medium — The company's significant decline in net income and the shift to a net loss in 2024 indicate potential financial instability or challenges in its business operations.
Key Numbers
- $68.68M — Total Revenues (For the fiscal year ended December 31, 2024.)
- $4.53M — Net Loss (For the fiscal year ended December 31, 2024.)
- $0.01 — Basic EPS (Q1 2024) (Positive earnings in the first quarter of 2024.)
- $(0.40) — Basic EPS (Q4 2024) (Significant loss per share in the fourth quarter of 2024.)
- $20.46M — Q4 2024 Revenues (Highest quarterly revenue in 2024, despite overall annual loss.)
Key Players & Entities
- WESTWOOD HOLDINGS GROUP INC (company) — Filer
- 20241231 (date) — Fiscal Year End
- 20250305 (date) — Filing Date
- $68.68 million (dollar_amount) — Total Revenues for FY2024
- $4.53 million (dollar_amount) — Net Loss for FY2024
FAQ
What were the total revenues for Westwood Holdings Group Inc. for the fiscal year ended December 31, 2024?
The total revenues for the fiscal year ended December 31, 2024, were $68,681,000.
What was the net income or loss for Westwood Holdings Group Inc. for the fiscal year ended December 31, 2024?
Westwood Holdings Group Inc. reported a net loss of $4,531,000 for the fiscal year ended December 31, 2024.
How did the quarterly revenues in 2024 compare to 2023?
In 2024, quarterly revenues were $17.2M, $15.6M, $15.4M, and $20.5M, compared to $18.3M, $17.5M, $17.9M, and $19.4M in 2023, showing a general decrease year-over-year.
What was the basic earnings (loss) per common share for the fourth quarter of 2024?
The basic earnings (loss) per common share for the fourth quarter of 2024 was $(0.40).
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on March 5, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 5, 2025 regarding WESTWOOD HOLDINGS GROUP INC (WHG).