---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007372"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:02:05.351809+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wilhelmina Q3 revenue up 7.6% to $16.3M, net income $1.9M on $1.5M tax benefit

## Summary
- Revenue $16.3M (+7.6% YoY) driven by increased bookings as COVID restrictions eased.
- Operating income fell 34% to $671K due to higher salaries and service costs.
- Net income $1.9M ($0.37 diluted) vs $1.2M; included $1.5M deferred tax asset valuation allowance release.
- Pre-Corporate EBITDA $1.0M vs $1.5M; Adjusted EBITDA $768K vs $1.3M.
- Nine-month revenue $50.5M (+21.4%), net income $3.5M vs $4.5M (prior year had $2.0M PPP gain).

## SEC filing metadata
- accession: 0001171843-22-007372
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2022-11-10T23:59:59+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/1013706/000117184322007372/0001171843-22-007372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184322007372/f8k_110922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007372
- JSON: https://secwatch.observer/filing/0001171843-22-007372.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007372.txt

## Key facts
- Earnings Releases
  Wilhelmina International, Inc. reported the nine months ended September 30, 2022 results: revenue $50.5 million, net income $3.5 million.
  - Period: the nine months ended September 30, 2022
  - Revenue: $50.5 million
  - Net income: $3.5 million
  - Result: reported results
  source text: For the nine months ended September 30, 2022, Wilhelmina reported revenues of $50.5 million and net income of $3.5 million compared to revenue of $41.6 million and net income of $4.5 million for the nine months ended September 30, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013706/000117184322007372/0001171843-22-007372-index.htm
- Earnings Releases
  Wilhelmina International, Inc. reported the three months ended September 30, 2022 results: revenue $16.3 million, net income $1.9 million.
  - Period: the three months ended September 30, 2022
  - Revenue: $16.3 million
  - Net income: $1.9 million
  - Result: reported results
  source text: Wilhelmina International, Inc. (Nasdaq:WHLM) ("Wilhelmina" or the "Company") today reported revenues of $16.3 million and net income of $1.9 million for the three months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013706/000117184322007372/0001171843-22-007372-index.htm

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