---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003222"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:19:45.722024+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-003222
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013706/000117184323003222/0001171843-23-003222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184323003222/f8k_051123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003222
- JSON: https://secwatch.observer/filing/0001171843-23-003222.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003222.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013706/000117184323003222/0001171843-23-003222-index.htm

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