Welcome to our dedicated page for Where Food Comes From news (Ticker: WFCF), a resource for investors and traders seeking the latest updates and insights on Where Food Comes From stock.
Where Food Comes From Inc (WFCF) provides independent verification services ensuring transparency across the global food supply chain. This news hub delivers timely updates on corporate developments, regulatory compliance milestones, and industry leadership in food certification.
Access official press releases covering earnings results, sustainability initiatives, and strategic partnerships. Investors will find critical updates on verification program expansions, technology implementations, and market positioning within the food safety sector.
Key content includes announcements about organic certification innovations, non-GMO verification processes, and the Upcycled Certified program. Track WFCF's role in advancing supply chain transparency through third-party audits and data-driven quality assurance solutions.
Bookmark this page for consolidated access to WFCF's latest operational developments. Return regularly to stay informed about how the company maintains its position as a trusted authority in food production verification.
Where Food Comes From, Inc. (WFCF) reported a 4% revenue increase in Q2 2022, totaling $5.3 million, with net income rising 10% to $222,000. The diluted EPS improved to $0.04, while adjusted EBITDA rose 7% to $570,000. For the first half of 2022, revenue jumped 20% to $11.5 million, but net income fell to $0.7 million, compared to $1.4 million last year, influenced by a prior PPP loan forgiveness. Cash generated from operations increased 40% to $2.3 million. The company also repurchased a total of 94,050 shares in 2022.
Where Food Comes From, Inc. (WFCF) will release its second quarter financial results for 2022 on August 11, prior to market opening. A conference call will be held the same day at 10:00 a.m. MT (12:00 p.m. ET) to discuss the results.
Interested parties can join the call using the domestic toll-free number 1-877-407-8289 or the international number 1-201-689-8341, with the conference code 13732115. A replay of the call will be available until August 25, 2022.
Where Food Comes From (WFCF) announced that Riverence Provisions LLC is the first company to achieve FishCARE Certification for its farming operations. This certification ensures best practices in animal welfare, environmental care, and community support within the aquaculture sector. Developed by WFCF's Postelsia division, the FishCARE standard aims to substantiate sustainability claims and enhance the traceability of seafood products. Riverence's certification reflects a commitment to humane practices, and the initiative is seen as a significant step for WFCF in expanding its seafood verification services.
Where Food Comes From (WFCF) reported a 39% revenue increase to $6.2 million for Q1 2022, up from $4.4 million year-over-year. Operating income surged six-fold to $0.6 million, while net income fell to $0.5 million due to a lack of prior PPP loan forgiveness. Adjusted EBITDA rose 156% to $0.9 million. The company purchased 33,550 shares in Q1, an increase from previous buybacks. Cash and equivalents were up 13% to $6.1 million, maintaining a debt-free balance sheet.
On May 10, 2022, The Paleo Diet, LLC announced a partnership with Where Food Comes From, Inc. (WFCF) to provide an exclusive third-party verification for a new food certification program. This program will feature two certifications: TRUEPALEO™, strictly adhering to Dr. Loren Cordain's Paleo principles, and PaleoFLEX™, offering more flexible standards. The partnership aims to increase trust and transparency in the Paleo food market, helping consumers, manufacturers, and retailers identify healthier options. The Paleo Diet seeks to align with strategic brand licensing partners to enhance its market presence.
Where Food Comes From, Inc. (WFCF) has announced it will release its 2022 Q1 financial results on May 12, 2022, before the market opens. A conference call is scheduled for the same day at 10:00 a.m. MT (12:00 p.m. ET) to discuss the results. The company provides independent verification of food production practices in North America, supporting around 17,500 agricultural stakeholders through its various services and technologies. Interested parties can join the call using specific domestic and international dial-in numbers.
Where Food Comes From, Inc. (WFCF) reported a 9% increase in 2021 revenue to $21.9 million, with a 114% surge in net income to $3.0 million. Diluted EPS rose to $0.48, up from $0.22. Q4 revenue grew 5% to $5.8 million, driven mainly by verification services, while product sales saw a 22% decline. Adjusted EBITDA for Q4 climbed 28% to $1.3 million. WFCF's cash reserves improved 24% to $5.4 million, reflecting robust operational cash generation despite supply chain challenges, especially in tag sales.
Where Food Comes From, Inc. (WFCF) will release its 2021 fourth quarter and full year financial results on February 24, 2022, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Mountain Time. Investors can participate by dialing 1-877-407-8289 domestically or 1-201-689-8341 internationally, using conference code 13726788. The call will have a replay available until March 24, 2022. WFCF is recognized for its independent verification services in food production across North America, serving over 15,000 clients through various specialized units.
Where Food Comes From, Inc. (WFCF) reported a solid financial performance for Q3 2021, with revenue increasing by 6% to $6.5 million and net income rising 19% to $0.9 million. Diluted EPS improved to $0.14. For the nine-month period, revenue grew 11% to $16.1 million, while net income surged 164% to $2.2 million. Adjusted EBITDA increased 18% to $1.5 million in Q3 and 20% to $2.4 million for nine months. Cash generated from operations was up 39% year-over-year to $3.0 million.
Where Food Comes From, Inc. (WFCF) announced it will release its third quarter financial results for 2021 on November 4, 2021, before market opening. The company will host a conference call at 10:00 a.m. Mountain Time (12:00 p.m. Eastern), where stakeholders can discuss the financial results. Interested parties can join the call using the provided domestic and international dial-in numbers. Where Food Comes From provides third-party verification for food production practices, supporting over 15,000 clients across various sectors.
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