secwatch.observer — SEC 8-K summary
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Issuer:     Wilhelmina International, Inc. (WHLM)
CIK:        0001013706
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001683168-24-003433
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wilhelmina Q1 revenue $4.2M, net income $91K, down 42.8% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013706/000168316824003433/0001683168-24-003433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013706/000168316824003433/wilhelmina_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003433

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