secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001493152-24-006957
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000149315224006957/0001493152-24-006957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000149315224006957/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006957

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer