---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001836"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T20:48:19.237150+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wilhelmina FY2022 revenue $17.8M (+10.4%); net income $3.5M (-21.9%); Q4 net loss $18K

## Summary
- Annual revenue $17.8M, up 10.4% YoY; gross billings $67.0M, up 17.9%.
- Net income $3.5M ($0.68 diluted EPS) vs $4.5M ($0.88) in 2021; Q4 net loss $18K.
- Operating income $2.4M, highest since 2014; cash $12.0M at year-end, record high.
- Results impacted by $1.5M deferred tax asset valuation allowance release in 2022; prior year had $2.0M PPP loan forgiveness.
- Revenue growth driven by post-COVID reopening; Q4 decline due to lower US/UK bookings.

## SEC filing metadata
- accession: 0001171843-23-001836
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013706/000117184323001836/0001171843-23-001836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184323001836/f8k_032223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001836
- JSON: https://secwatch.observer/filing/0001171843-23-001836.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001836.txt

## Key facts
- Earnings Releases
  Wilhelmina International, Inc. reported the three months ended December 31, 2022 results: revenue $4.1 million, net income $18 thousand, EPS $0.00 per fully diluted share.
  - Period: the three months ended December 31, 2022
  - Revenue: $4.1 million
  - Net income: $18 thousand
  - EPS: $0.00 per fully diluted share
  - Result: reported results
  source text: Wilhelmina International, Inc. (Nasdaq: WHLM) ("Wilhelmina" or the "Company") today reported revenues of $4.1 million and net loss of $18 thousand for the three months ended December 31, 2022, compared to revenues of $4.3 million and net income of $23 thousand for the three months ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013706/000117184323001836/0001171843-23-001836-index.htm
- Earnings Releases
  Wilhelmina International, Inc. reported the fiscal year ended December 31, 2022 results: revenue $17.8 million, net income $3.5 million, EPS $0.68 per fully diluted share.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $17.8 million
  - Net income: $3.5 million
  - EPS: $0.68 per fully diluted share
  - Result: reported results
  source text: For the fiscal year ended December 31, 2022, Wilhelmina reported revenues of $17.8 million and net income of $3.5 million compared to revenue of $16.1 million and net income of $4.5 million for the fiscal year ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013706/000117184323001836/0001171843-23-001836-index.htm

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