secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001493152-22-005574
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WFCF Q4 revenue $5.8M (+5% YoY); FY net income $3.0M ($0.48 EPS) up 114%
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- Q4 revenue $5.8M (+5% YoY); net income $0.7M ($0.12 EPS) vs $0.5M ($0.09) in Q4 2020.
- FY revenue $21.9M (+9%); net income $3.0M ($0.48 EPS) up 114% including $1.0M PPP forgiveness.
- Verification & certification revenue $16.1M (+13%) for FY; product revenue down 22% in Q4 due to supply chain issues.
- Q4 gross margin 50.6% vs 44.2%; adjusted EBITDA $1.3M (+28%).
- Cash $5.4M (+24%); operating cash flow $3.0M in 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000149315222005574/0001493152-22-005574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000149315222005574/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-005574

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