---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-007920"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2021-11-15T23:59:59+00:00"
generated_at: "2026-06-28T08:05:12.421887+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wilhelmina Q3 revenue $15.1M (+43% YoY), net income $1.2M; discloses $0.7M fraud

## Summary
- Net income of $1.2M ($0.22 diluted EPS) vs $22K in Q3 2020; operating income $1.0M.
- Revenue growth driven by reopening and higher vaccination rates in operating cities.
- Non-recurring items: $0.5M employee retention credit in Q3; $2.0M PPP loan forgiveness YTD.
- Company victim of business email compromise fraud in Oct 2021; $0.7M transferred, at least $0.3M expected recovery.
- Fraud did not materially impact Q3 results but may cause a Q4 charge depending on recovery and insurance.

## SEC filing metadata
- accession: 0001171843-21-007920
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2021-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013706/000117184321007920/0001171843-21-007920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184321007920/f8k_111321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-007920
- JSON: https://secwatch.observer/filing/0001171843-21-007920.json
- Plain text: https://secwatch.observer/filing/0001171843-21-007920.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.