---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017585"
form_type: "8-K"
ticker: "WFCF"
cik: "0001360565"
company_name: "Where Food Comes From, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:11:55.480932+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# WFCF Q1 2024 revenue $5.6M (+6%); net income up 47% to $178k

## Summary
- Verification & certification revenue rose 17% to $4.4M from $3.8M; product revenue fell 25% to $0.7M.
- Diluted EPS grew to $0.03 from $0.02; adjusted EBITDA up 8% to $432k.
- Company repurchased 116,072 shares for $1.5M in Q1, totaling ~$11M returned over 13 quarters via buybacks and special dividend.
- Cash from operations increased 48% to $0.7M; drought conditions continued to impact herd sizes.

## SEC filing metadata
- accession: 0001493152-24-017585
- form_type: 8-K
- ticker: WFCF
- cik: 0001360565
- company_name: Where Food Comes From, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1360565/000149315224017585/0001493152-24-017585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1360565/000149315224017585/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017585
- JSON: https://secwatch.observer/filing/0001493152-24-017585.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017585.txt

## Key facts
- Earnings Releases
  Where Food Comes From, Inc. reported the three month period ended March 31, 2024 results: revenue $5.6 million, net income $178,000, EPS $0.03 per diluted share.
  - Period: the three month period ended March 31, 2024
  - Revenue: $5.6 million
  - Net income: $178,000
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: vs. 2023 ● Verification and certification revenue up 17% to $4.4 million from $3.8 million ● Product sales lower at $0.7 million vs. $1.0 million ● Total revenue increased to $5.6 million from $5.3 million ● Net income increased 47% to $178,000 from $121,000 ● Diluted EPS increased to $0.03 from $0.02 ● Adjusted EBITDA up 8% to $432,000 from $399,000 ● Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1360565/000149315224017585/0001493152-24-017585-index.htm

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