secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001493152-22-032700
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WFCF Q3 revenue up 11% to $7.3M; net income down 9% to $785K
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- Q3 revenue $7.3M (+11% YoY); verification & certification $5.2M (+10%), product $1.6M (+15%).
- Net income $785K ($0.13/sh) vs $867K ($0.14/sh) in Q3 2021; adjusted EBITDA $1.3M, down 13%.
- Nine-month revenue $18.8M (+16%); net income $1.5M ($0.25) vs $2.2M ($0.36) inclusive of $1M PPP forgiveness.
- Company repurchased 108,733 shares in Q3; 202,783 YTD; cash $6.0M, up 11% from year-end 2021.
- CEO cites inflationary pressure on labor costs; expects ESG and aquaculture to contribute in coming years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000149315222032700/0001493152-22-032700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000149315222032700/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032700

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