Where Food es From(WFCF)

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Where Food es From(WFCF) - 2021 Q4 - Earnings Call Transcript
2022-02-26 17:03
Where Food Comes From, Inc. (NASDAQ:WFCF) Q4 2021 Earnings Conference Call February 24, 2022 12:00 PM ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Dannette Henning - Chief Financial Officer Conference Call Participants Edward Reilly - EF Hutton Henrik Sandell - D&G Funds Operator Greetings. Welcome to the Where Food Comes From 2021 Fourth Quarter and Year End Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer se ...
Where Food es From(WFCF) - 2021 Q3 - Earnings Call Transcript
2021-11-06 23:16
Where Food Comes From, Inc. (NASDAQ:WFCF) Q3 2021 Earnings Conference Call November 4, 2021 12:00 PM ET Company Participants Jay Pfeiffer – Investor Relations John Saunders – Chief Executive Officer Leann Saunders – President Conference Call Participants Eddie Reilly – EF Hutton Chris Brown – Private Investor Raphi Savitz – RYS Advisors Operator Greetings. Welcome to the Where Food Comes From Third Quarter Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session ...
Where Food es From(WFCF) - 2021 Q3 - Quarterly Report
2021-11-04 19:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended September 30, 2021 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ (I.R.S. Employer Identification No.) 202 6th Street, Suite 400 Castle Rock, CO 80104 (Address of principal executive offices, including zip code) Regi ...
Where Food es From(WFCF) - 2021 Q2 - Earnings Call Transcript
2021-08-08 13:12
Where Food Comes From, Inc. (NASDAQ:WFCF) Q2 2021 Earnings Conference Call August 5, 2021 ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Leann Saunders - President Conference Call Participants Operator Greetings. Welcome to the Where Food Comes From Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note that the ...
Where Food es From(WFCF) - 2021 Q2 - Quarterly Report
2021-08-05 19:06
Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION (exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Colorado 43-1802805 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended June 30, 2021 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File N ...
Where Food es From(WFCF) - 2021 Q1 - Earnings Call Transcript
2021-05-08 19:21
Where Food Comes From, Inc. (NASDAQ:WFCF) Q1 2021 Earnings Conference Call May 6, 2021 12:00 PM ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Leann Saunders - President Dannette Henning - Chief Financial Officer Conference Call Participants Andreas Aaen - Symmetry Investments Raphi Savitz - RYS Advisors Operator Greetings and welcome to Where Food Comes From First Quarter Earnings Call. At this time, all participants are in a listen-only mode. A brief ques ...
Where Food es From(WFCF) - 2021 Q1 - Quarterly Report
2021-05-06 17:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended March 31, 2021 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 333-133624 WHERE FOOD COMES FROM, INC. (exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...
Where Food es From(WFCF) - 2020 Q4 - Earnings Call Transcript
2021-02-18 19:37
Financial Data and Key Metrics Changes - The company reported revenue of $20.1 million for 2020, a slight decrease from $20.8 million in the previous year, reflecting the impact of COVID-19 restrictions [7] - Net income reached a record high of $1.4 million, equating to $0.22 per share, supported by a lean operating model and reduced costs in marketing, travel, and other areas [8] - Cash generated from operations was $2.5 million, down from $2.9 million year-over-year, while working capital improved to $4.4 million from $3.1 million [9] Business Line Data and Key Metrics Changes - Total verification revenue declined by $1.3 million, but tag sales associated with the beef business increased by $559,000, or 17% [8] - The beef business showed strong growth, with year-over-year growth estimated at 20% to 25%, driven by demand for premium verifications [27][28] Market Data and Key Metrics Changes - The company experienced a significant decline in auditing activity for pork, poultry, dairy, and egg customers due to pandemic-related restrictions, impacting revenue from these service categories [11] - The beef business's resilience helped offset declines in other verification categories, with premium verifications prioritized during operational challenges faced by packing plants [13] Company Strategy and Development Direction - The company is focused on sustainability initiatives, launching the beef care sustainability program and acquiring Postelsia to enter the seafood industry [15][17] - A one-for-four reverse stock split was executed to meet NASDAQ listing standards, with expectations that this will enhance visibility and attract institutional investors [22][23] Management's Comments on Operating Environment and Future Outlook - Management anticipates COVID-related challenges to persist at least through the second quarter of the following year but is prepared for potential ongoing impacts [7] - The pandemic has accelerated technological innovation within the company, particularly in remote auditing, which is expected to remain a component of operations moving forward [31][32] Other Important Information - The company has added four new standards across different proteins and is actively pursuing new customers through targeted marketing strategies rather than traditional trade shows [17][36] Q&A Session Summary Question: Can you provide details on beef sales growth? - Management indicated that tag sales growth was about 17%, with overall beef sales growth estimated at 20% to 25% year-over-year [27] Question: Was the tag business impacted by COVID? - Management noted an initial increase in tag sales as premium verifications were prioritized during the pandemic [28] Question: How has COVID changed the industry? - Management highlighted that the pandemic has led to increased technology use and has resulted in some competitors exiting the market [29][32] Question: What is the timeline for NASDAQ listing? - Management stated they are in weekly communication with NASDAQ but do not have a firm timeline for completion [35] Question: Are you actively seeking new customers for verification? - Management confirmed a shift to more targeted outreach via social media and online platforms, moving away from traditional trade shows [36][39] Question: Any sentiment among ranchers regarding China blocking beef imports from Australia? - Management has not heard any specific sentiment but noted significant year-over-year growth in exports to China [51][52]
Where Food es From(WFCF) - 2020 Q4 - Annual Report
2021-02-18 19:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 333-133624 WHERE FOOD COMES FROM, INC. (Exact name of registrant as specified in its charter) (State of incorporation or or ...
Where Food es From(WFCF) - 2020 Q3 - Earnings Call Transcript
2020-11-09 02:43
Where Food Comes From, Inc. (NASDAQ:WFCF) Q3 2020 Results Conference Call November 5, 2020 12:00 PM ET Company Participants Jay Pfeiffer - IR John Saunders - CEO Leann Saunders - President Dannette Henning - CFO Conference Call Participants Raphi Savitz - RYS Advisors Operator Greetings, and welcome to Where Food Comes From Third Quarter Earnings Conference Call. At this time all participants are in a listen only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions ...