secwatch.observer — SEC 8-K summary
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Issuer:     Wilhelmina International, Inc. (WHLM)
CIK:        0001013706
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001171843-22-005560
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wilhelmina Q2 revenue rises 21% to $17.6M; net income falls 18% on prior-year benefits
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- Q2 revenue $17.6M (+21.3% YoY), net income $0.9M ($0.18 EPS) vs $1.1M ($0.22 EPS)
- Operating income $1.04M (+16.7%); bookings growth as COVID restrictions eased
- Net income decline driven by non-recurrence of $0.1M PPP loan gain and $0.4M employee retention credit from Q2 2021
- Adjusted EBITDA $1.14M (flat); Pre-Corporate EBITDA $1.36M (+2.3%)
- Six-month revenue $34.2M (+29.3%), net income $1.66M (-50.3%), adjusted EBITDA $2.13M (+41.6%)

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013706/000117184322005560/0001171843-22-005560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013706/000117184322005560/f8k_080922.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005560

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer