{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-006080","form_type":"8-K","ticker":"WFCF","cik":"0001360565","company_name":"Where Food Comes From, Inc.","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.613319+00:00","generated_at":"2026-06-18T23:21:00.033326+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"WFCF reports FY2022 revenue up 13% to $24.8M; net income $2.0M vs $3.0M (incl $1M PPP forgiveness)","bullets":["Full year revenue $24.8M (+13% YoY); net income $2.0M ($0.33 diluted EPS) vs $3.0M ($0.48) in prior year which included $1.0M PPP loan forgiveness.","Adjusted EBITDA $3.8M vs $3.7M; cash from operations $2.7M vs $3.0M.","Software & consulting revenue up 40% to $2.9M driven by large Japanese government project.","Company repurchased $3.5M of stock in 2022 (307,884 shares at avg $11.23); Q4 repurchases $1.2M.","Q4 revenue $6.1M (+5% YoY); net income $490K vs $742K; adjusted EBITDA $1.0M vs $1.3M; gross profit down 6% on higher labor costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-006080","json":"https://secwatch.observer/filing/0001493152-23-006080.json","markdown":"https://secwatch.observer/filing/0001493152-23-006080.md","text":"https://secwatch.observer/filing/0001493152-23-006080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223006080/0001493152-23-006080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223006080/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:21:00.033326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"444b59d4d5f690f9482a4244e5b64281854fb798","claim":"Where Food Comes From, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $6.1 million, net income $490,000, EPS $0.08 per diluted share.","evidence_excerpt":"Fourth Quarter Highlights – 2022 vs. 2021 ● Revenue increased to $6.1 million from $5.8 million ● Net income declined to $490,000 from $742,000 ● Diluted EPS of $0.08 vs. $0.12","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223006080/0001493152-23-006080-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$6.1 million"},{"label":"Net income","value":"$490,000"},{"label":"EPS","value":"$0.08 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"75596f84a3ce71f1c81393520d9efaa7d85ec966","claim":"Where Food Comes From, Inc. reported full year ended December 31, 2022 results: revenue $24.8 million, net income $2.0 million, EPS $0.33 per diluted share.","evidence_excerpt":"Full Year Highlights – 2022 vs. 2021 ● Revenue increased 13% to $24.8 million from $21.9 million ● Net income of $2.0 million vs. $3.0 million last year when Company booked $1.0 million in PPP loan forgiveness ● Diluted EPS of $0.33 vs. $0.48","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223006080/0001493152-23-006080-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2022"},{"label":"Revenue","value":"$24.8 million"},{"label":"Net income","value":"$2.0 million"},{"label":"EPS","value":"$0.33 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}