---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-001913"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2022-03-16T23:59:59+00:00"
generated_at: "2026-06-26T22:14:08.142126+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wilhelmina FY2021 revenue $56.8M (+37%), net income $4.5M; Q4 EPS $0.00; cyber fraud $0.6M charge

## Summary
- FY2021 revenue $56.8M, up 36.6% YoY; net income $4.5M ($0.88 diluted EPS) vs loss of $4.9M in 2020.
- Q4 2021 revenue $15.2M (+27% YoY), net income $23k ($0.00 EPS) vs $0.4M ($0.08 EPS) in Q4 2020.
- Adjusted EBITDA for FY2021 $3.6M, highest since 2011; Pre-Corporate EBITDA $4.5M, highest since 2013.
- Cybersecurity incident – business email compromise fraud – led to $0.6M charge in Q4 2021; cooperating with federal authorities.
- PPP loan forgiveness of $2.0M and $1.3M employee retention tax credit boosted annual results; term loan fully repaid.

## SEC filing metadata
- accession: 0001171843-22-001913
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2022-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013706/000117184322001913/0001171843-22-001913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184322001913/f8k_031522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-001913
- JSON: https://secwatch.observer/filing/0001171843-22-001913.json
- Plain text: https://secwatch.observer/filing/0001171843-22-001913.txt

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