secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001493152-23-040409
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Where Food Comes From Q3 revenue down 4% to $7.0M; net income down 8%; EPS flat at $0.13
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/0001493152-23-040409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000149315223040409/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-040409

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