See more : Freeman Gold Corp. (FMAN.V) 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, Inc. Schedules 2024 First Quarter Earnings Call
CASTLE ROCK, Colo., April 30, 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 first...
Demand Soaring for Upcycled Certified® Food Products as America Celebrates 54th Earth Day Anniversary
Where Food Comes From Reports Upcycled Food Certification is Fastest Growing Standard as Environmentally-Conscious Consumers Turn to Sustainably-Produced Upcycled Snacks, Beverages and Pet Foods Where Food Comes From Reports Upcycled Food Certification is Fastest Growing Standard as Environmentally-Conscious Consumers Turn...
Where Food Comes From (WFCF) 2023 Year-End Earnings Call Transcript
Where Food Comes From (WFCF) 2023 Year-End Earnings Call Transcript
Where Food Comes From, Inc. Reports 2023 Fourth Quarter and Full Year Financial Results
Fourth Quarter Highlights – 2023 vs. 2022 Verification and certification revenue up 17% to $5.5 million from $4.7 million Product sales flat at $0.9 million Total revenue up 10% to $6.7 million from $6.1 million Net income increased 58% to...
Where Food Comes From, Inc. Schedules 2023 Year End Earnings Call
CASTLE ROCK, Colo., Feb. 12, 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 2023 full...
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WFCF to Continue as Exclusive Certification Body for High Impact Solution to Food Waste with Plans to Accelerate Uptake WFCF to Continue as Exclusive Certification Body for High Impact Solution to Food Waste with Plans to Accelerate Uptake
Where Food Comes From, Inc. (WFCF) Q3 2023 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q3 2023 Earnings Conference Call November 9, 2023 12:00 PM ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Conference Call Participants Raphi Savitz - RYS Advisors Chris...
Where Food Comes From, Inc. Reports 2023 Third Quarter Financial Results
CASTLE ROCK, Colo., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Core verification and certification revenue increases but total revenue decreases slightly based on lower hardware sales due primarily to cyclical herd contraction
Where Food Comes From, Inc. Schedules Third Quarter Earnings Call
CASTLE ROCK, Colo., Nov. 06, 2023 (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 2023 third...
Smart Catch™ Program Joins Where Food Comes From, Expanding its Commitment to Sustainability
CASTLE ROCK, Colo., Oct. 30, 2023 (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 has acquired ownership of the...
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