Where Food es From(US:WFCF)2025-11-14 20:15Revenue Performance - Total revenue for Q3 2025 decreased slightly to $7.0 million from $7.1 million in Q3 2024[3] - Year-to-date total revenue through nine months decreased slightly to $18.9 million from $19.1 million in the same period last year[9] Net Income - Net income increased to $1.1 million, or $0.22 per diluted share, compared to $0.5 million, or $0.09 per diluted share, in the same quarter last year[5] Revenue Breakdown - Verification and certification revenue was $5.6 million, up from $5.5 million, while product sales decreased to $1.2 million from $1.3 million[7] Gross Profit - Gross profit for Q3 2025 was $2.7 million, down from $2.8 million, primarily due to increased compensation and insurance expenses[4] Cash Position - Cash and cash equivalents more than doubled to $4.8 million from $2.0 million at the end of 2024[12] Stock Buybacks - Year-to-date stock buybacks totaled 116,547 shares, raising total buybacks since 2019 to 1.3 million shares valued at approximately $14.3 million[7] Growth Areas - The company experienced solid growth in pork, dairy, and egg verification activity in 2025, alongside increased demand for non-GMO, Gluten Free, Organic, and Upcycled certifications[2] Operating Expenses - Selling, general and administrative expenses decreased slightly to $2.1 million from $2.2 million due to lower marketing and trade show expenses[4] Cash from Operations - The company generated $2.3 million in cash from operations in the first nine months, down from $2.8 million in the same period last year[11]