secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001493152-24-017585
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000149315224017585/0001493152-24-017585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000149315224017585/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017585

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