{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-040409","form_type":"8-K","ticker":"WFCF","cik":"0001360565","company_name":"Where Food Comes From, Inc.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.747682+00:00","generated_at":"2026-06-08T04:43:13.726202+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Where Food Comes From Q3 revenue down 4% to $7.0M; net income down 8%; EPS flat at $0.13","bullets":["Core verification and certification revenue up 4% to $5.4M; product sales down 23% to $1.2M due to herd contraction.","Net income $723K ($0.13 diluted EPS) vs $785K ($0.13) YoY; adjusted EBITDA $1.2M vs $1.3M.","Company repurchased 60,537 shares for $855K in Q3; diluted share count reduced to 5,658K from 6,016K.","Nine-month total revenue $18.4M (-2%), net income $1.4M ($0.24 EPS), adjusted EBITDA $2.5M.","Acquired Smart Catch seafood sustainability program via Postelsia division; terms not disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-040409","json":"https://secwatch.observer/filing/0001493152-23-040409.json","markdown":"https://secwatch.observer/filing/0001493152-23-040409.md","text":"https://secwatch.observer/filing/0001493152-23-040409.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/0001493152-23-040409-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T04:43:13.726202+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":"0fb53570d02009dcfc64dd2455266ab6e93bdd81","claim":"Where Food Comes From, Inc. reported Third quarter 2023 results: revenue $7.0 million, net income $723,000, EPS $0.13.","evidence_excerpt":"Revenue in the third quarter ended September 30, 2023, declined 4% to $7.0 million from $7.3 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/0001493152-23-040409-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Third quarter 2023"},{"label":"Revenue","value":"$7.0 million"},{"label":"Net income","value":"$723,000"},{"label":"EPS","value":"$0.13"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"0fb53570d02009dcfc64dd2455266ab6e93bdd81","claim":"Where Food Comes From, Inc. reported Third quarter 2023 results: revenue $7.0 million, net income $723,000, EPS $0.13.","evidence_excerpt":"2022 ● Verification and certification revenue up 4% to $5.4 million from $5.2 million ● Product sales decline 23% to $1.2 million from $1.6 million ● Total revenue down 4% to $7.0 million from $7.3 million ● Net income decreased 8% to $723,000 from $785,000 ● Diluted EPS flat at $0.13 ● Adjusted EBITDA of $1.2 million vs. $1.3 million ● Company buys back","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/0001493152-23-040409-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Third quarter 2023"},{"label":"Revenue","value":"$7.0 million"},{"label":"Net income","value":"$723,000"},{"label":"EPS","value":"$0.13"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5e3ae7d6c17bf01e8d8500693559b5471c4c7761","claim":"Where Food Comes From, Inc. reported Nine months ended September 30, 2023 results: revenue $18.4 million, net income $1.4 million, EPS $0.24.","evidence_excerpt":"Total revenue through the first nine months of 2023 decreased 2% to $18.4 million from $18.8 million in the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/0001493152-23-040409-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Nine months ended September 30, 2023"},{"label":"Revenue","value":"$18.4 million"},{"label":"Net income","value":"$1.4 million"},{"label":"EPS","value":"$0.24"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5e3ae7d6c17bf01e8d8500693559b5471c4c7761","claim":"Where Food Comes From, Inc. reported Nine months ended September 30, 2023 results: revenue $18.4 million, net income $1.4 million, EPS $0.24.","evidence_excerpt":"Verification and certification revenue up 8% to $13.9 million from $12.9 million ● Product sales decline 10% to $3.1 million from $3.5 million ● Total revenue decreased 2% to $18.4 million from $18.8 million; 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}