WFCF
Where Food Comes From, Inc.11.93
-0.90-7.01%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
61.66MP/E (TTM)
22.94Basic EPS (TTM)
0.52Dividend Yield
0%Recent Filings
10-Q
8-K
Q2 revenue up 3%, stake sale boosts cash
Where Food Comes From reported Q2 2025 revenue of $6.6M, up 3% from $6.4M last year, driven by stronger verification services in CARE Certified and UpCycled programs plus 18% higher hardware sales, offsetting beef verification headwinds from smaller herds. Net income rose 15% to $562,000 or $0.11 per share, aided by a $172,000 digital assets gain, while gross margins dipped from elevated labor and hardware costs. On July 22, the company sold its 10% stake in Progressive Beef for $1.8M cash and 12,585 returned shares, booking an $800,000 gain and bolstering its $3.2M cash position for growth and buybacks—55,826 shares repurchased year-to-date. Retail expansions to over 110 stores by year-end signal rising consumer demand for verified sustainable beef.
10-Q
Q2 FY2025 results
Where Food Comes From posted Q2 revenue of $6.6M, edging up 2.6% y/y from $6.4M, driven by 17.7% growth in product sales to $964K while verification services ticked 1.6% higher to $5.3M; yet YTD revenue dipped 1.2% y/y to $11.8M amid cattle cycle contraction and avian flu delays. Gross profit slipped to $2.5M (37.5% margin) from $2.7M (41.6%), squeezed by labor costs, but operating income held steady at $549K and net income climbed 14.9% to $562K, boosted by $172K digital asset gains. Cash swelled to $3.2M on $1.8M operating cash flow, with free cash flow at $1.8M after $63K capex; no debt lingers post-line expiration. Post-quarter, it redeemed its Progressive Beef stake for $1.8M cash. Weather patterns could prolong industry contraction.
8-K
WFCF exits Progressive Beef stake
Where Food Comes From, Inc. exited its 10% stake in Progressive Beef, LLC, effective June 30, 2025, via a redemption agreement signed July 22, 2025, receiving about $1.8 million in cash while surrendering 12,585 shares of its common stock. The deal closes out a 2018 investment of $1.0 million that yielded over $1.6 million in dividends. This streamlines WFCF's portfolio, freeing capital from a non-core holding.
8-K
Q1 revenue falls 6%
Where Food Comes From reported Q1 2025 revenue of $5.3 million, down from $5.6 million in Q1 2024, as beef verification dipped to $4.2 million amid smaller herds, high prices, and halted China exports, while poultry and dairy faced avian flu disruptions. Gross margins held steady at 41.6% through tight cost controls, yielding net income of $31,000 or $0.01 per diluted share. The company repurchased 31,345 shares for $383,000. Growth in Upcycled Certified and new retailer labeling deals signals diversification.
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