secwatch.observer — SEC 8-K summary
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Issuer:     Wilhelmina International, Inc. (WHLM)
CIK:        0001013706
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001171843-22-007372
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013706/000117184322007372/0001171843-22-007372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013706/000117184322007372/f8k_110922.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007372

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