See more : BLOK Technologies Inc. (BLPFF) 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.'s (WFCF) CEO John Saunders on Q1 2022 Results - Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q1 2022 Earnings Conference Call May 12, 2022 12:00 PM ET Company Participants Jay Pfeiffer – Investor Relations John Saunders – Chief Executive Officer Dannette Henning – Chief Financial Officer Conference Call Participants...
Where Food Comes From, Inc. Schedules 2022 First Quarter Conference Call
CASTLE ROCK, Colo., May 06, 2022 (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 2022 first...
Where Food Comes From, Inc.'s (WFCF) CEO John Saunders on Q4 2021 Results - Earnings Call Transcript
Where Food Comes From, Inc.'s (WFCF) CEO John Saunders on Q4 2021 Results - Earnings Call Transcript
Where Food Comes From, Inc. Schedules Fourth Quarter Conference Call
CASTLE ROCK, Colo. , Feb. 18, 2022 (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 2021...
Where Food Comes From Is A Capital-Light Compounder
Where Food Comes From has a capital-light business model. The company generates consistent free cash flow.
Where Food Comes From's (WFCF) CEO John Saunders on Q3 2021 Results - Earnings Call Transcript
Where Food Comes From's (WFCF) CEO John Saunders on Q3 2021 Results - Earnings Call Transcript
Where Food Comes From, Inc. (WFCF) CEO John Saunders on Q2 2021 Results - Earnings Call Transcript
Where Food Comes From, Inc. (WFCF) CEO John Saunders on Q2 2021 Results - Earnings Call Transcript
4 Stocks Paying Special Dividends in August
According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, four stocks that are paying a lump-sum dividend in August include American Financial Group Inc. ( AFG , Financial), Where Food Comes From Inc. ( WFCF , Financial),...
Where Food Comes From, Inc. (WFCF) CEO John Saunders on Q1 2021 Results - Earnings Call Transcript
Where Food Comes From, Inc. (WFCF) CEO John Saunders on Q1 2021 Results - Earnings Call Transcript
Where Food Comes From: A Great Opportunity For The Long Term
Clear tailwinds, certification, and transparency in food processes is a megatrend. Large companies such as McDonald's have made statements where their meat product will have traceability and certification of origin, the opportunity is gigantic.
Source: https://incomestatements.info
Category: Stock Reports