RaiseWell® Certified
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Where Food Comes From, Inc. Reports 2025 Financial Results
Globenewswire· 2026-02-26 13:30
Core Insights - Where Food Comes From, Inc. (WFCF) reported a decrease in total revenue for 2025, amounting to $24.9 million compared to $25.7 million in 2024, indicating a decline in verification and certification revenue due to record high beef prices and reduced cattle supply [5][7][8]. Full Year Highlights – 2025 vs. 2024 - Verification and certification revenue decreased to $20.1 million from $20.6 million [5][14]. - Product sales fell to $3.6 million from $3.8 million [5][14]. - Net income for the year was $1.5 million, down from $2.1 million, with diluted EPS at $0.30 compared to $0.40 in the previous year [8][9]. - Cash generated from operations decreased to $1.6 million from $2.7 million [8]. - Cash and cash equivalents increased by 59% year-over-year to $3.2 million from $2.0 million [9]. Fourth Quarter Highlights – 2025 vs. 2024 - Total revenue in the fourth quarter decreased to $6.0 million from $6.7 million [10]. - Gross profit in the fourth quarter was $2.2 million, down from $2.8 million [11]. - The company reported a net loss of $0.2 million, or $0.04 per diluted share, compared to net income of $1.0 million, or $0.18 per diluted share, in the same quarter last year [11]. - Stock buybacks in the fourth quarter totaled 66,469 shares [11]. Strategic Developments - The company is expanding its beef certification offerings in anticipation of a recovery in the US cattle industry, including the launch of the RaiseWell® Certified program [4]. - A collaboration with Whole Foods Market to adopt the RaiseWell program for its beef supply was announced, with plans to expand this program to other protein categories [4]. - The company is actively engaging with federal entities regarding its Cattle Trace partnership to address animal disease traceability issues [6].
Where Food Comes From, Inc. Announces Launch of RaiseWell® Certified: A New Standard for Natural Livestock Production
Globenewswire· 2026-01-06 13:00
Core Insights - Where Food Comes From, Inc. (WFCF) has launched RaiseWell® Certified, a new standard for animal care and verified natural raising practices aimed at enhancing transparency in supply chains [1][6] - The certification responds to increasing consumer and retailer demand for responsibly raised proteins, providing verified claims for brands and foodservice operators [2][3] Group 1: Certification Details - RaiseWell Certified mandates responsible animal raising practices throughout the animal's life, prohibiting antibiotics and added growth hormones, and ensuring traceability back to the source of origin [3][4] - The certification aims to align with consumer values, offering clarity on food sourcing and production practices [3][4] Group 2: Integration and Market Impact - RaiseWell Certified can be integrated with WFCF's existing CARE Certified standard, which focuses on animal care, environmental stewardship, and community [5] - This integration allows producers and retailers to bundle claims, creating a comprehensive, audit-ready package that includes various verified livestock-raising attributes [5][6] Group 3: Market Position and Services - The introduction of RaiseWell Certified represents a strategic expansion of WFCF's verification solutions, supporting growth in value-added protein markets and the demand for ethically raised products [6] - WFCF supports over 17,500 stakeholders in the food production industry, providing verification services and analytics to enhance production practices and consumer engagement [7]