Financial Data and Key Metrics Changes - Total revenue for 2025 was reported at $24.9 million, with a net income of $1.5 million, translating to $0.30 per share [3] - The company experienced steady growth in new customer acquisitions and non-beef-related revenue streams, although this was offset by smaller herd sizes and tariffs affecting beef-related verification activities [3][4] Business Line Data and Key Metrics Changes - Verification and tag sales were impacted due to ranchers reducing investments in certain verifications amid shrinking cattle supply [4] - Non-beef-related business lines, including verifications for pork, dairy, and egg operations, showed year-over-year increases, contributing to overall revenue growth [11][12] Market Data and Key Metrics Changes - The U.S. cattle supply is at a 70-year low, leading to record high beef prices, which has affected the company's beef-related activities [4] - The company is optimistic about the cattle industry's recovery, expecting a rebuilding of cattle supply over the next couple of years [4][11] Company Strategy and Development Direction - The company is expanding its services portfolio with new certifications and protein programs to position itself for accelerated growth as the industry recovers [5] - The launch of the RaiseWell Certified program aims to enhance animal care standards and create traceable supply chains, targeting high-end retailers and food service operators [5][6][7] - Collaboration with Pangea and Walmart to introduce CARE Certified sustainable leather is another strategic initiative aimed at enhancing value and connecting with consumers focused on sustainability [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the current cattle industry disruption but expressed optimism about long-term prospects for the beef-related business [11] - The company believes its diverse solutions portfolio and customer base will continue to grow, maintaining that shares represent excellent value [12] Other Important Information - The company repurchased 183,016 shares in 2025, bringing total buybacks to 1,374,652 shares, valued at $15.2 million [12] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.