---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-006957"
form_type: "8-K"
ticker: "WFCF"
cik: "0001360565"
company_name: "Where Food Comes From, Inc."
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:08:10.582551+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Where Food Comes From Q4 net income up 58%; verification revenue +17% to $5.5M

## Summary
- Q4 total revenue +10% to $6.7M; verification revenue +17% to $5.5M; product revenue flat at $0.9M.
- Q4 net income $776K ($0.14 diluted EPS) vs $490K ($0.08); adjusted EBITDA +31% to $1.3M.
- FY 2023 total revenue $25.1M (up slightly); net income +8% to $2.2M ($0.39 diluted EPS).
- Bought back >$3.9M stock in FY; cash from ops $2.8M; cash & equivalents $2.6M.

## SEC filing metadata
- accession: 0001493152-24-006957
- form_type: 8-K
- ticker: WFCF
- cik: 0001360565
- company_name: Where Food Comes From, Inc.
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1360565/000149315224006957/0001493152-24-006957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1360565/000149315224006957/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-006957
- JSON: https://secwatch.observer/filing/0001493152-24-006957.json
- Plain text: https://secwatch.observer/filing/0001493152-24-006957.txt

## Key facts
- Earnings Releases
  Where Food Comes From, Inc. reported the fourth quarter and full-year ended December 31, 2023 results: revenue $6.7 million, net income $776,000, EPS $0.14 per diluted share.
  - Period: the fourth quarter and full-year ended December 31, 2023
  - Revenue: $6.7 million
  - Net income: $776,000
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: Total revenue in the fourth quarter ended December 31, 2023, increased 10% to $6.7 million from $6.1 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1360565/000149315224006957/0001493152-24-006957-index.htm
- Earnings Releases
  Where Food Comes From, Inc. reported Full Year Results – 2023 vs. 2022 results: revenue $25.1 million, net income $2.2 million, EPS $0.39 per diluted share.
  - Period: Full Year Results – 2023 vs. 2022
  - Revenue: $25.1 million
  - Net income: $2.2 million
  - EPS: $0.39 per diluted share
  - Result: reported results
  source text: Verification and certification revenue up 10% to $19.4 million from $17.6 million ● Product sales decline 8% to $4.0 million from $4.4 million ● Total revenue up slightly to $25.1 million from $24.8 million ● Net income increases 8% to $2.2 million from $2.0 million ● Diluted EPS of $0.39 vs. $0.33 ● Adjusted EBITDA flat at $3.8 million ● Cash generated from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1360565/000149315224006957/0001493152-24-006957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.