Wilhelmina Q1 net income falls 78.5% to $159K; revenue down 1.4%

Wilhelmina International, Inc.

2023-Q1 EPS reported $0.03 revenue$4,484,000

Net income of $159K ($0.03 diluted EPS) vs $739K ($0.14) in Q1 2022, a decline of 78.5%.
Total revenues of $4.48M, down 1.4% from $4.55M due to lower commissions on core modeling bookings.
Operating income fell 73.8% to $229K; salaries up 8.6% and office/general expenses up 52.3%.
Pre-Corporate EBITDA dropped 55.9% to $548K from $1.24M; Gross Billings increased 5.7% to $17.6M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.75

Wilhelmina International, Inc. reported the first quarter ended March 31, 2023 results: revenue $4.5 million, net income $0.2 million, EPS $0.03 per fully diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $4.5 million
Net income: $0.2 million
EPS: $0.03 per fully diluted share
Result: reported results

Exact text from the filing

at the end of this release. DALLAS, May 11, 2023 (GLOBE NEWSWIRE) -- Wilhelmina International, Inc. (Nasdaq:WHLM) ("Wilhelmina" or the "Company") today reported revenues of $4.5 million and net income of $0.2 million for the three months ended March 31, 2023, compared to revenues of $4.5 million and net income of $0.7 million for the three months ended March 31,

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Source: SEC EDGAR

accession 0001171843-23-003222

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