secwatch.observer — SEC 8-K summary
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Issuer:     Wilhelmina International, Inc. (WHLM)
CIK:        0001013706
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001171843-23-006959
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013706/000117184323006959/0001171843-23-006959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013706/000117184323006959/f8k_110723.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006959

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