Workflow
Food Verification
icon
Search documents
Where Food Comes From Q2 Earnings Rise Y/Y Despite Margin Pressures
ZACKS· 2025-08-12 16:46
Shares of Where Food Comes From, Inc. (WFCF) have declined 0.8% since reporting results for the second quarter of 2025. This compares with the S&P 500 index’s 0.7% growth over the same period. Over the past month, the stock has fallen 6.7%, underperforming the S&P 500’s 2.3% rally.For the quarter ended June 30, 2025, total revenues rose 3% year over year to $6.6 million, driven by modest growth in verification and certification services and an increase in product sales. Verification and certification revenu ...
Where Food es From(WFCF) - 2025 Q2 - Earnings Call Presentation
2025-08-07 16:00
Where Food Comes From, Inc. Reports 2025 Second Quarter Financial Results Second Quarter Highlights – 2025 vs. 2024 In Subsequent Event, Company Sells Interest in Progressive Beef for $1.8 Million in Cash and Return of 12,585 Shares of WFCF Common Stock, Further Reducing Number of Outstanding Shares CASTLE ROCK, Colorado – August 7, 2025 – Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, toda ...
Where Food Comes From, Inc. Reports 2025 Second Quarter Financial Results
Globenewswire· 2025-08-07 12:03
Core Insights - Where Food Comes From, Inc. (WFCF) reported a 3% year-over-year revenue increase in Q2 2025, reaching $6.6 million, driven by demand for verification services and hardware sales despite challenges from smaller cattle herd sizes [3][4][7] - The company achieved a net income of $562,000, or $0.11 per diluted share, reflecting a 15% increase compared to the previous year, aided by a gain in the fair market value of digital assets [3][8] - WFCF sold its 10% interest in Progressive Beef for $1.8 million, enhancing its balance sheet and providing financial flexibility for growth initiatives [5][6] Financial Performance - Q2 2025 total revenue was $6.6 million, up from $6.4 million in Q2 2024 [4][7] - Gross profit decreased to $2.5 million from $2.7 million, primarily due to increased compensation and hardware costs [8] - Year-to-date revenue for the first six months of 2025 was $11.8 million, down from $12.0 million in the same period last year [10] Revenue Breakdown - Verification and certification services revenue in Q2 2025 was $5.33 million, slightly up from $5.25 million [4][13] - Product sales increased to $964,000 from $819,000 in Q2 2024 [4][13] - Professional services revenue decreased to $266,000 from $324,000 in Q2 2024 [13] Stock Buybacks and Shareholder Returns - The company repurchased 24,481 shares in Q2 2025, contributing to a total of 1,247,462 shares bought back since 2019 [9][6] - Total value returned to shareholders through buybacks and dividends since 2019 amounts to $14.6 million [6] Strategic Initiatives - Expansion of the retail labeling program includes partnerships with two major retailers, increasing the availability of CARE Certified beef products [5] - Investment in artificial intelligence tools aims to enhance operational efficiency and customer experience [5]
Where Food Comes From Schedules 2025 Second Quarter Earnings Call
Globenewswire· 2025-08-05 12:00
CASTLE ROCK, Colo., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced it will release its 2025 second quarter financial results before the market opens on Thursday August 7, 2025, and conduct a conference call the same day at 10:00 a.m. Mountain Time (12:00 p.m. Eastern). Dial-in numbers for the conference call: A telephone replay of the confer ...
Where Food Comes From Q1 Profit Falls Amid Beef Market Headwinds
ZACKS· 2025-05-13 15:00
Shares of Where Food Comes From, Inc. (WFCF) have declined 13.5% since the company reported its earnings for the first quarter of 2025. This compares to the S&P 500 index’s 0.5% rise over the same time frame. Over the past month, the stock has declined 19.1% against the S&P 500’s 4.4% increase.Earnings & Revenue PerformanceFor the first quarter ended March 31, 2025, WFCF reported total revenues of $5.27 million, marking a 5.5% decline from $5.58 million in the same period of 2024. The revenue contraction wa ...
Where Food Comes From, Inc. Schedules 2025 First Quarter Earnings Call
Globenewswire· 2025-05-05 16:00
CASTLE ROCK, Colo., May 05, 2025 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced it will release its 2025 first quarter financial results before the market opens on Thursday May 8, 2025, and conduct a conference call the same day at 10:00 a.m. Mountain Time (12:00 p.m. Eastern). Dial-in numbers for the conference call: Domestic Toll Free: 1-877-407-8289 ...