{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-003433","form_type":"8-K","ticker":"WHLM","cik":"0001013706","company_name":"Wilhelmina International, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.879937+00:00","generated_at":"2026-06-01T22:27:48.738699+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Wilhelmina Q1 revenue $4.2M, net income $91K, down 42.8% YoY","bullets":["Total revenue $4.171M, down 7% from $4.484M in Q1 2023; modeling and Aperture divisions drove decline.","Net income $91K ($0.02 diluted EPS) vs $159K ($0.03) YoY; operating income fell 68.1% to $73K.","Gross billings $15.8M, down 10% YoY; Pre-Corporate EBITDA $381K vs $548K a year ago.","Salaries and service costs rose 3% to $3.0M; office/general expenses down 22.7% to $835K.","Cash and equivalents $4.7M vs $6.1M at Dec 2023; total shareholders' equity $25.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-003433","json":"https://secwatch.observer/filing/0001683168-24-003433.json","markdown":"https://secwatch.observer/filing/0001683168-24-003433.md","text":"https://secwatch.observer/filing/0001683168-24-003433.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013706/000168316824003433/0001683168-24-003433-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013706/000168316824003433/wilhelmina_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T22:27:48.738699+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0afe3744cc7bfacbed2f7f99e8c2487f1a58a5d8","claim":"Wilhelmina International, Inc. reported financial results for first quarter ended March 31, 2024.","evidence_excerpt":"On May 15, 2024, Wilhelmina International, Inc. issued a press release announcing its financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013706/000168316824003433/0001683168-24-003433-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}