secwatch.observer — SEC 8-K summary
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Issuer:     Wilhelmina International, Inc. (WHLM)
CIK:        0001013706
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001171843-23-001836
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013706/000117184323001836/0001171843-23-001836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013706/000117184323001836/f8k_032223.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001836

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