{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-017844","form_type":"8-K","ticker":"WFCF","cik":"0001360565","company_name":"Where Food Comes From, Inc.","filed_at":"2023-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.560524+00:00","generated_at":"2026-06-14T22:15:43.533697+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"WFCF Q1 revenue falls to $5.3M; net income drops to $0.1M from $0.5M YoY","bullets":["Q1 revenue of $5.3M vs $6.2M last year; software consulting revenue declined $0.9M.","Net income $0.1M ($0.02/share) vs $0.5M ($0.08/share); adjusted EBITDA $0.4M vs $0.9M.","Gross margin fell to 42.1% from 46.3% due to weather, higher costs.","Repurchased 89,450 shares for $1.2M in Q1; cash $3.4M, no long-term debt.","Management cites severe weather, lower cattle headcounts, and inflation as headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-017844","json":"https://secwatch.observer/filing/0001493152-23-017844.json","markdown":"https://secwatch.observer/filing/0001493152-23-017844.md","text":"https://secwatch.observer/filing/0001493152-23-017844.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223017844/0001493152-23-017844-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223017844/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T22:15:43.533697+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":"652aecfef6eef1fa1334a9d60b3fe0dd9bfec3cb","claim":"Where Food Comes From, Inc. reported first quarter ended March 31, 2023 results: revenue $5.3 million, net income $0.1 million, EPS $0.02 per basic and diluted share.","evidence_excerpt":"Where Food Comes From, Inc. Reports 2023 First Quarter Financial Results ● Revenue of $5.3 million in Q1 compared to $6.2 million a year ago","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223017844/0001493152-23-017844-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$5.3 million"},{"label":"Net income","value":"$0.1 million"},{"label":"EPS","value":"$0.02 per basic and 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"}