secwatch.observer — SEC 8-K summary
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Issuer:     Where Food Comes From, Inc. (WFCF)
CIK:        0001360565
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001641172-25-009601
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WFCF Q1 revenue $5.3M, net income down to $31K from $178K; beef verification under pressure
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- Total revenue $5.3M vs $5.6M; verification revenue $4.2M vs $4.4M; diluted EPS $0.01 vs $0.03.
- Beef verification pressured by smaller herds, record high prices, and tariffs on China exports; poultry/dairy hit by avian flu.
- Added two major food retailers to WFCF labeling program; Upcycled Certified program remains fastest growing standard.
- Bought back 31,345 shares at $383K in Q1; over 1.2M shares repurchased since program inception.
- Net income $31K vs $178K; gross margin stable at 41.6%; operating cash flow $0.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1360565/000164117225009601/0001641172-25-009601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1360565/000164117225009601/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009601

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