Highest-materiality recent filing
WFCF Q2 revenue up 1% to $6.6M; net income down to $0.08 EPS on digital asset swing
Q2 revenue $6.611M (+1% YoY); verification revenue $5.389M, product sales $937K.
Where Food Comes From Q1 revenue $5.4M, net income triples to $92K
Revenue $5.4M (+2% YoY); net income $92K ($0.02/sh) vs $31K ($0.01/sh).
Where Food Comes From shareholders elect all director nominees at 2026 annual meeting
All six director nominees elected: Saunders (3,885,800 for), Leann Saunders (3,888,689), Lapaseotes (3,884,113), Larson (3,888,269), Heinen (3,893,751), Rein (3,893,501).
WFCF FY revenue fell 3% to $24.9M; net income $1.5M ($0.30) vs $2.1M prior year
Full year revenue $24.9M (down from $25.7M); net income $1.5M ($0.30 diluted EPS) vs $2.1M ($0.40) in 2024.
Where Food Comes From Q3 EPS $0.22, net income doubles; revenue edges down to $7.0M
Q3 revenue $7.0M vs $7.1M; verification & certification up to $5.6M from $5.5M.
WFCF Q2 net income up 15% to $562K; sells Progressive Beef stake for $1.8M
Q2 total revenue $6.6M (+3% YoY); net income $562K ($0.11 diluted EPS) vs $489K ($0.09).
WFCF sells 10% stake in Progressive Beef for $1.94M cash and stock surrender
Receives ~$1.84M cash and 12,585 shares of WFCF stock surrendered (valued at $100k) for total $1.937M.
WFCF Q1 revenue $5.3M, net income down to $31K from $178K; beef verification under pressure
Total revenue $5.3M vs $5.6M; verification revenue $4.2M vs $4.4M; diluted EPS $0.01 vs $0.03.
WFCF shareholders elect all director nominees, ratify auditor, approve 2026 equity plan
All six director nominees (Saunders, Saunders, Lapaseotes, Larson, Heinen, Rein) elected with >98% votes for each.
WFCF Q4 net income rises to $961K; full-year revenue up 2% to $25.7M
Q4 total revenue flat at $6.7M; verification revenue $5.4M (−2%), product sales $922K (+6%).
WFCF Q3 net income down 32% to $492k; diluted EPS $0.09 vs $0.13
Total revenue up 1% to $7.1M; verification revenue +2% to $5.5M, product sales +9% to $1.3M.
Where Food Comes From replaces auditor Causey with Haynie after acquisition
Causey Demgen & Moore resigned as auditor on August 12, 2024, after its operations were acquired by Haynie & Company.
Where Food Comes From Q2 revenue up 4% to $6.4M; net income down 8% to $489K, EPS flat at $0.09
Verification and certification revenue up 10% to $5.3M; product sales down 13% to $0.8M.
WFCF Q1 2024 revenue $5.6M (+6%); net income up 47% to $178k
Verification & certification revenue rose 17% to $4.4M from $3.8M; product revenue fell 25% to $0.7M.
WFCF shareholders elect all six directors and ratify auditor at 2024 annual meeting
All six director nominees received over 98% of votes cast: John Saunders 3.77M for, Leann Saunders 3.78M for, etc.
Director Michael D. Smith will not stand for reelection at 2024 annual meeting; board reduces to 6
Michael D. Smith notified Board on Feb 12, 2024 he will not stand for re-election at the 2024 Annual Meeting.
Where Food Comes From Q4 net income up 58%; verification revenue +17% to $5.5M
Q4 total revenue +10% to $6.7M; verification revenue +17% to $5.5M; product revenue flat at $0.9M.
Where Food Comes From Q3 revenue down 4% to $7.0M; net income down 8%; EPS flat at $0.13
Core verification and certification revenue up 4% to $5.4M; product sales down 23% to $1.2M due to herd contraction.
Where Food Comes From Q2 revenue up 15%, net income up 140% to $532K
Revenue $6.1M (+15% YoY); net income $532K (+140%); diluted EPS $0.09 vs $0.04.
Where Food Comes From reports 2023 annual meeting voting results; all proposals approved
All seven director nominees elected, including John Saunders with 3,300,161 votes for and 10,284 withheld.
WFCF Q1 revenue falls to $5.3M; net income drops to $0.1M from $0.5M YoY
Q1 revenue of $5.3M vs $6.2M last year; software consulting revenue declined $0.9M.
Where Food Comes From invests in seafood traceability firm BlueTrace
WFCF made a minor equity investment in BlueTrace, a cloud-based seafood traceability company.
WFCF reports FY2022 revenue up 13% to $24.8M; net income $2.0M vs $3.0M (incl $1M PPP forgiveness)
Full year revenue $24.8M (+13% YoY); net income $2.0M ($0.33 diluted EPS) vs $3.0M ($0.48) in prior year which included $1.0M PPP loan forgiveness.
WFCF Q3 revenue up 11% to $7.3M; net income down 9% to $785K
Q3 revenue $7.3M (+11% YoY); verification & certification $5.2M (+10%), product $1.6M (+15%).
WFCF Q2 revenue $5.3M (+4% YoY), EPS $0.04; six-month revenue $11.5M (+20%)
Q2 revenue $5.3M (+4% YoY); net income $222K (+10%); diluted EPS $0.04 vs $0.03; adjusted EBITDA $570K (+7%).
All seven director nominees elected: John Saunders (3,871,813 for, 119,698 withheld); Leann Saunders (3,964,832 for, 26,679 withheld); others similarly approved.
Q1 revenue up 39% to $6.2M; operating income up six-fold; adjusted EBITDA up 156%
Revenue $6.2M vs $4.4M YoY; verification & certification up 16% to $3.8M.
WFCF Q4 revenue $5.8M (+5% YoY); FY net income $3.0M ($0.48 EPS) up 114%
Q4 revenue $5.8M (+5% YoY); net income $0.7M ($0.12 EPS) vs $0.5M ($0.09) in Q4 2020.
Where Food Comes From Q3 revenue up 6% to $6.5M; net income rises to $0.14 EPS
Q3 revenue $6.5M (+6% YoY); net income $0.9M, $0.14 diluted EPS vs $0.12.
Where Food Comes From Q2 revenue up 16% to $5.1M; adjusted EBITDA down 32% to $0.5M
Q2 net income $0.2M ($0.03 diluted EPS) vs $0.4M ($0.06) prior year; gross margin fell to 39.1% from 47.6%.
WFCF declares special cash dividend of $0.15 per share
Special dividend of $0.15 per common share payable August 16, 2021.
On February 12, 2024, Mr. Michael D. Smith, a member of the Board of Directors (“Board”) of Where Food Comes From, Inc. (“the Company”), notified the Board that he would not stand for re-election at the 2024 Annual Meeting of Shareholders.
Max materiality 0.75 · Median 0.60 · Most common event earnings