secwatch.observer — SEC 8-K summary
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Issuer:     Wilhelmina International, Inc. (WHLM)
CIK:        0001013706
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001171843-23-003222
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013706/000117184323003222/0001171843-23-003222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013706/000117184323003222/f8k_051123.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-003222

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