secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0001493152-21-019053
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Where Food Comes From Q2 revenue up 16% to $5.1M; adjusted EBITDA down 32% to $0.5M
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- Q2 net income $0.2M ($0.03 diluted EPS) vs $0.4M ($0.06) prior year; gross margin fell to 39.1% from 47.6%.
- Verification & certification revenue up 19% to $3.7M; product revenue up 21% to $1.0M; software revenue flat at $0.5M.
- Six-month revenue up 15% to $9.6M; net income $1.4M (incl. $1.0M PPP forgiveness) vs $0.11M prior year. Adjusted EBITDA $0.9M vs $0.7M.
- Company up-listed to Nasdaq in April; working capital $4.9M, cash $5.3M; special dividend of $0.15/share returned ~$914k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000149315221019053/0001493152-21-019053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000149315221019053/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-019053

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