---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-003575"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2022-05-11T23:59:59+00:00"
generated_at: "2026-06-25T20:06:00.727363+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Q1 revenue up 39% to $16.6M; net income falls to $0.7M on absence of PPP gain

## Summary
- Total revenues $16.6M vs $12.0M YoY; operating income $874K vs $100K.
- Net income $739K ($0.14/diluted share) vs $2.2M ($0.43) in Q1 2021.
- Prior-year results included $1.9M PPP loan forgiveness gain and $0.4M employee retention credit.
- Adjusted EBITDA $988K vs $369K (+168%); Pre-Corporate EBITDA $1.2M vs $614K (+102%).
- Cash $9.4M at quarter-end; bookings improved as COVID restrictions eased.

## SEC filing metadata
- accession: 0001171843-22-003575
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2022-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013706/000117184322003575/0001171843-22-003575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184322003575/f8k_051122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-003575
- JSON: https://secwatch.observer/filing/0001171843-22-003575.json
- Plain text: https://secwatch.observer/filing/0001171843-22-003575.txt

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