---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-013194"
form_type: "8-K"
ticker: "WFCF"
cik: "0001360565"
company_name: "Where Food Comes From, Inc."
filed_at: "2022-05-13T23:59:59+00:00"
generated_at: "2026-06-25T16:30:32.467006+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Q1 revenue up 39% to $6.2M; operating income up six-fold; adjusted EBITDA up 156%

## Summary
- Revenue $6.2M vs $4.4M YoY; verification & certification up 16% to $3.8M.
- Software/consulting revenue surged 201% to $1.4M driven by Japanese government seafood contract.
- Operating income $0.6M ($0.1M in Q1 2021); net income $0.5M ($0.08/share) excluding PPP loan forgiveness.
- Adjusted EBITDA $0.9M (+156%); cash from ops $1.1M; cash balance $6.1M, no debt.
- Repurchased 33,550 shares in Q1 2022 vs 80,775 shares in all of 2021.

## SEC filing metadata
- accession: 0001493152-22-013194
- form_type: 8-K
- ticker: WFCF
- cik: 0001360565
- company_name: Where Food Comes From, Inc.
- filed_at: 2022-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1360565/000149315222013194/0001493152-22-013194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1360565/000149315222013194/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-013194
- JSON: https://secwatch.observer/filing/0001493152-22-013194.json
- Plain text: https://secwatch.observer/filing/0001493152-22-013194.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.