See more : FUNDVISER CAPITAL (INDIA) LIMI (FUNDVISER.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Where Food Comes From, Inc. (WFCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Where Food Comes From, Inc., a leading company in the Software – Application industry within the Technology sector.
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Where Food Comes From, Inc. (WFCF)
About Where Food Comes From, Inc.
Where Food Comes From, Inc., together with its subsidiaries, provides verification and certification solutions for the agriculture, livestock, and food industries in the United States. The company operates through Verification and Certification, and Software Sales and Related Consulting segments. It conducts on-site and desk audits to verify that claims made about livestock, crops, and other food products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education. The company also offers sustainability programs, compliance management, and software-as-a-service; maintenance, support, and software-related consulting services; and web-hosting services, as well as sells hardware. It serves beef and pork packers, organic producers and processors, and specialty retail chains. The company was formerly known as Integrated Management Information, Inc. and changed its name to Where Food Comes From, Inc. in December 2012. Where Food Comes From, Inc. was founded in 1996 and is headquartered in Castle Rock, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25.14M | 24.85M | 21.93M | 20.08M | 20.77M | 17.80M | 15.45M | 11.62M | 10.40M | 8.76M | 5.53M | 5.26M | 4.23M | 3.27M | 2.66M | 2.40M | 2.31M | 1.54M | 957.89K | 451.31K | 32.26M | 57.11M | 62.98M | 71.30M | 63.80M |
| Cost of Revenue | 14.61M | 14.38M | 12.20M | 11.15M | 11.70M | 10.06M | 8.63M | 6.20M | 5.54M | 5.00M | 2.83M | 2.43M | 1.88M | 1.47M | 1.31M | 1.07M | 968.48K | 781.49K | 534.16K | 160.83K | 26.87M | 41.90M | 44.43M | 45.50M | 38.70M |
| Gross Profit | 10.52M | 10.47M | 9.74M | 8.93M | 9.08M | 7.74M | 6.82M | 5.41M | 4.85M | 3.76M | 2.71M | 2.83M | 2.35M | 1.80M | 1.35M | 1.33M | 1.34M | 758.44K | 423.74K | 290.47K | 5.40M | 15.21M | 18.55M | 25.80M | 25.10M |
| Gross Profit Ratio | 41.86% | 42.13% | 44.40% | 44.47% | 43.70% | 43.50% | 44.15% | 46.60% | 46.70% | 42.94% | 48.91% | 53.79% | 55.48% | 54.96% | 50.59% | 55.33% | 58.03% | 49.25% | 44.24% | 64.36% | 16.73% | 26.63% | 29.46% | 36.19% | 39.34% |
| Research & Development | 0.00 | 0.00 | 0.00 | 70.00K | 250.00K | 222.00K | 186.00K | 43.00K | 43.00K | 43.00K | 12.80K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.83M | 7.82M | 7.43M | 7.24M | 7.53M | 6.87M | 6.74M | 4.78M | 4.06M | 3.42M | 2.68M | 2.34M | 1.67M | 1.44M | 1.47M | 1.44M | 2.07M | 2.30M | 1.41M | 238.06K | 7.87M | 8.27M | 13.09M | 14.20M | 12.40M |
| Other Expenses | 0.00 | 5.00K | 2.00K | 7.00K | 9.33K | 14.27K | 14.58K | 4.13K | 770.00 | 3.20K | 1.47K | 4.24K | 0.00 | 0.00 | -4.00K | -357.80K | 0.00 | 0.00 | 0.00 | 0.00 | 2.84M | 2.97M | 5.34M | 5.50M | 3.60M |
| Operating Expenses | 7.83M | 7.82M | 7.43M | 7.24M | 7.53M | 6.87M | 6.74M | 4.78M | 4.06M | 3.42M | 2.68M | 2.34M | 1.67M | 1.44M | 1.46M | 1.08M | 2.07M | 2.30M | 1.41M | 238.06K | 10.70M | 11.25M | 18.43M | 19.70M | 16.00M |
| Cost & Expenses | 22.44M | 22.19M | 19.63M | 18.39M | 19.22M | 16.93M | 15.37M | 10.98M | 9.60M | 8.42M | 5.51M | 4.77M | 3.56M | 2.92M | 2.78M | 2.16M | 3.04M | 3.08M | 1.95M | 398.89K | 37.57M | 53.15M | 62.86M | 65.20M | 54.70M |
| Interest Income | 0.00 | 247.00K | 194.00K | 137.00K | 110.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.07K | 3.17K | 168.00 | 955.34K | 282.60K | 288.72K | 0.00 | 0.00 |
| Interest Expense | 5.00K | 3.00K | 6.00K | 13.00K | 10.06K | 4.84K | 1.59K | 1.52K | 1.59K | 9.82K | 33.59K | 25.93K | 29.54K | 33.39K | 35.51K | 33.10K | 36.44K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 634.00K | 710.00K | 799.00K | 997.00K | 1.10M | 942.42K | 854.18K | 267.65K | 256.27K | 225.64K | 119.70K | 94.11K | 74.88K | 81.77K | 56.39K | 44.62K | 30.11K | 38.98K | 37.45K | 13.23K | -2.84M | -2.98M | -5.34M | -5.50M | -3.60M |
| EBITDA | 3.33M | 3.53M | 3.10M | 2.86M | 2.40M | 1.93M | 950.94K | 906.27K | 1.05M | 573.63K | 133.79K | 601.82K | 744.52K | 442.91K | -61.29K | 295.10K | -693.01K | -1.50M | -952.82K | 65.65K | -2.47M | 6.95M | 2.18M | 7.37M | 12.20M |
| EBITDA Ratio | 13.25% | 10.69% | 10.51% | 8.44% | 7.52% | 4.99% | 0.63% | 5.50% | 10.12% | 3.97% | 2.68% | 11.15% | 17.75% | 13.47% | -2.34% | 12.13% | -30.66% | -97.72% | -99.47% | 14.55% | -7.66% | 12.17% | 8.67% | 16.27% | 19.12% |
| Operating Income | 2.70M | 1.89M | 1.51M | 697.00K | 465.24K | 874.55K | 82.18K | 634.50K | 795.23K | 344.73K | 27.31K | 488.28K | 676.52K | 359.46K | -118.69K | 246.76K | -730.44K | -1.54M | -990.27K | 52.41K | -5.31M | 3.97M | 121.55K | 6.10M | 9.10M |
| Operating Income Ratio | 10.73% | 7.62% | 6.87% | 3.47% | 2.24% | 4.91% | 0.53% | 5.46% | 7.65% | 3.93% | 0.49% | 9.28% | 15.98% | 10.98% | -4.46% | 10.27% | -31.65% | -100.25% | -103.38% | 11.61% | -16.44% | 6.94% | 0.19% | 8.56% | 14.26% |
| Total Other Income/Expenses | 368.00K | 164.00K | 1.32M | 160.00K | -69.40K | 109.43K | 12.99K | 2.61K | -815.00 | -6.61K | -32.12K | -6.59K | -36.42K | -31.70K | -34.50K | -29.37K | -29.12K | -15.23K | -37.70K | -11.91K | 951.90K | 276.87K | -3.04M | -400.00K | -2.20M |
| Income Before Tax | 3.07M | 2.82M | 3.62M | 1.85M | 1.48M | 983.99K | 95.17K | 637.11K | 794.42K | 338.11K | -4.81K | 481.69K | 640.10K | 327.76K | -153.19K | 217.39K | -759.56K | -1.56M | -1.03M | 40.50K | -4.35M | 4.24M | 340.02K | 5.70M | 6.90M |
| Income Before Tax Ratio | 12.19% | 11.33% | 16.51% | 9.20% | 7.14% | 5.53% | 0.62% | 5.49% | 7.64% | 3.86% | -0.09% | 9.16% | 15.12% | 10.01% | -5.76% | 9.05% | -32.91% | -101.24% | -107.32% | 8.97% | -13.49% | 7.43% | 0.54% | 7.99% | 10.82% |
| Income Tax Expense | 913.00K | 822.00K | 659.00K | 462.00K | 460.00K | 309.01K | 266.23K | 235.55K | 298.15K | 140.88K | -1.78K | -391.48K | -224.35K | 33.39K | 35.51K | 67.73K | 29.12K | 0.00 | 0.00 | 0.00 | -1.33M | 1.38M | 849.38K | 2.50M | 3.00M |
| Net Income | 2.15M | 1.99M | 2.96M | 1.39M | 1.02M | 800.74K | 142.31K | 433.17K | 533.92K | 229.10K | -33.56K | 870.36K | 864.45K | 327.76K | -153.19K | 149.66K | -759.56K | -1.56M | -1.03M | 40.50K | -3.02M | 2.45M | -509.37K | 3.20M | 3.90M |
| Net Income Ratio | 8.56% | 8.03% | 13.50% | 6.90% | 4.92% | 4.50% | 0.92% | 3.73% | 5.14% | 2.61% | -0.61% | 16.54% | 20.42% | 10.01% | -5.76% | 6.23% | -32.91% | -101.24% | -107.32% | 8.97% | -9.37% | 4.30% | -0.81% | 4.49% | 6.11% |
| EPS | 0.39 | 0.33 | 0.49 | 0.22 | 0.16 | 0.13 | 0.04 | 0.08 | 0.08 | 0.04 | -0.01 | 0.16 | 0.16 | 0.08 | -0.03 | 0.04 | -0.16 | -0.33 | -0.18 | 0.01 | -0.99 | 0.76 | -0.16 | 0.24 | 1.52 |
| EPS Diluted | 0.39 | 0.33 | 0.48 | 0.22 | 0.16 | 0.13 | 0.04 | 0.08 | 0.08 | 0.04 | -0.01 | 0.16 | 0.16 | 0.08 | -0.03 | 0.04 | -0.16 | -0.33 | -0.18 | 0.01 | -0.99 | 0.76 | -0.16 | 0.24 | 1.52 |
| Weighted Avg Shares Out | 5.49M | 5.96M | 6.10M | 6.16M | 6.21M | 6.21M | 6.17M | 5.95M | 5.95M | 5.79M | 5.47M | 5.24M | 5.17M | 5.21M | 5.22M | 5.16M | 4.88M | 4.72M | 5.83M | 4.12M | 3.07M | 3.20M | 3.20M | 13.31M | 2.57M |
| Weighted Avg Shares Out (Dil) | 5.55M | 6.04M | 6.19M | 6.22M | 6.26M | 6.25M | 6.21M | 5.99M | 5.99M | 5.85M | 5.47M | 5.42M | 5.25M | 5.22M | 5.22M | 5.17M | 4.88M | 4.72M | 5.83M | 4.12M | 3.07M | 3.20M | 3.20M | 13.31M | 2.57M |
Where Food Comes From Stock Declines Since Reporting Mixed Q3 Results
WFCF sees marginal y/y revenue growth in Q3, but earnings dip 30.8%. Stock declines amid beef market challenges and increased operating costs.
Where Food Comes From, Inc. (WFCF) Q3 2024 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q3 2024 Earnings Conference Call November 12, 2024 12:00 PM ET Company Participants Jay Pfeiffer - IR John Saunders - CEO Leann Saunders - President Danette Henning - CFO Operator Greetings, and welcome...
Where Food Comes From, Inc. Reports 2024 Third Quarter and Nine-Month Financial Results
Third Quarter Highlights – 2024 vs. 2023 Verification and certification revenue up 2% to $5.5 million from $5.4 million Product sales up 9% to $1.3 million from $1.2 million Total revenue up 1% to $7.1 million from $7.0 million Net...
Where Food Comes From, Inc. Schedules 2024 Third Quarter Earnings Call
CASTLE ROCK, Colo., Nov. 08, 2024 (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 2024 third...
Where Food Comes From, Inc. (WFCF) Q2 2024 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q2 2024 Earnings Call August 8, 2024 12:00 PM ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Leann Saunders - President Dannette Henning - Chief Financial Officer...
Where Food Comes From (WFCF) Reports Solid Q2 Earnings
Stronger contributions from verification and certification services aid Where Food Comes From's (WFCF) earnings in the second quarter.
Where Food Comes From, Inc. Schedules 2024 Second Quarter Earnings Call
CASTLE ROCK, Colo, Aug. 06, 2024 (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 2024 second...
Zacks Initiates Coverage of Where Food Comes From With Neutral Recommendation
Discover why Zacks rates Where Food Comes From as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore how the strategic moves and market dynamics are propelling Where Food Comes From as it navigates the...
Where Food Comes From (WFCF) Q1 2024 Earnings Call Transcript
Where Food Comes From (NASDAQ:WFCF ) Q1 2024 Earnings Conference Call May 2, 2024 12:00 PM ET Corporate Participants Jay Pfeiffer - Director, Investor Relations John Saunders - Chief Executive Officer Conference Call Participants Operator Greetings and welcome to the...
Where Food Comes From, Inc. Reports 2024 First Quarter Financial Results
First Quarter Highlights – 2024 vs. 2023 Verification and certification revenue up 17% to $4.4 million from $3.8 million Product sales lower at $0.7 million vs.
Source: https://incomestatements.info
Category: Stock Reports