---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006959"
form_type: "8-K"
ticker: "WHLM"
cik: "0001013706"
company_name: "Wilhelmina International, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:00:13.957187+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wilhelmina Q3 net income falls 81% to $0.36M; revenue up 0.7% to $4.47M

## Summary
- Net income $0.4M ($0.07 EPS) vs $1.9M ($0.37 EPS) last year; prior year included $1.5M deferred tax benefit release.
- Revenue $4.5M, up 0.7% YoY on increased commissions from model bookings.
- Operating income $467k (-30.4%); EBITDA $540k (-34.1%); adjusted EBITDA $547k.
- Nine-month revenue $13.4M (-1.8%); net income $0.5M (-85.8%) vs $3.5M.
- Cash and equivalents $10.9M, down from $12.0M at Dec 2022; no debt outstanding.

## SEC filing metadata
- accession: 0001171843-23-006959
- form_type: 8-K
- ticker: WHLM
- cik: 0001013706
- company_name: Wilhelmina International, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013706/000117184323006959/0001171843-23-006959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013706/000117184323006959/f8k_110723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006959
- JSON: https://secwatch.observer/filing/0001171843-23-006959.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006959.txt

## Key facts
- Earnings Releases
  Wilhelmina International, Inc. reported third quarter ended September 30, 2023 results: revenue $4,472, net income $359, EPS $0.07 per fully diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $4,472
  - Net income: $359
  - EPS: $0.07 per fully diluted share
  - Result: reported results
  source text: International, Inc. Reports Results for Third Quarter 2023 Third Quarter Financial Results (in thousands) Q3 23 Q3 22 YOY Change Q3 23 YTD Q3 22 YTD YOY Change Total Revenues $ 4,472 $ 4,442 0.7 % $ 13,449 $ 13,689 (1.8 %) Operating Income 467 671 (30.4 %) 845 2,585 (67.3 %) Income Before Provision for Taxes 485 776 (37.5 %) 783 2,789 (71.9 %) Net Income 359
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013706/000117184323006959/0001171843-23-006959-index.htm

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