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. (Nasdaq: WFCF) is a third-party food verification company that regularly issues news about its verification standards, certification programs and financial performance. As America’s trusted resource for third party verification of food production practices, the company uses proprietary technology and patented business processes to support thousands of producers, brands and retailers across the food supply chain.
News about WFCF often highlights developments in its certification portfolio, such as the CARE Certified sustainability standard, the Upcycled Certified® program for upcycled food ingredients, and RaiseWell® Certified, a standard for natural livestock production and cattle verification. Announcements may cover new program launches, collaborations with supply chain partners, and applications of its standards in areas like beef, dairy, eggs and sustainable leather.
Investors following WFCF news will also find regular earnings releases and conference call notices, where the company discusses trends in verification and certification revenue, product sales and professional services. These updates provide insight into how demand for verification services, sustainability certifications and upcycled food programs is affecting the business.
In addition, WFCF news can feature partnerships with retailers, foodservice operators and manufacturers that adopt its labeling and certification programs, as well as commentary from company leadership on market dynamics affecting beef herds, tariffs, and consumer interest in responsibly produced and traceable foods.
For anyone tracking WFCF stock or the evolution of third-party food verification, this news page offers a centralized view of the company’s program launches, financial updates and supply chain collaborations. Readers can use it to monitor how new standards, such as RaiseWell Certified and CARE Certified sustainable leather, are being implemented and how they contribute to the company’s overall strategy.
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.
Where Food Comes From, Inc. (WFCF) has appointed Jason Franco as Chief Technology Officer, effective August 18, 2021. Franco, who served as Senior Vice President of Technology since 2018, aims to drive technical innovation within the agricultural supply chain. His focus will be on enhancing secure platforms for traceability and verification of claims made by producers. The company leverages proprietary technology to service over 15,000 customers, including farmers and retailers, enhancing food production practices and consumer engagement. This leadership change underscores WFCF's commitment to technology.
Where Food Comes From, Inc. (WFCF) reported a 16% increase in revenue for Q2 2021, reaching $5.1 million compared to $4.4 million in Q2 2020. However, net income declined to $0.2 million from $0.4 million, resulting in diluted EPS of $0.03 versus $0.06. The gross margin also dipped to 39.1% from 47.6% due to a shift towards lower-margin audits. For the first half of 2021, revenue increased 15% to $9.6 million, with significant profit growth despite declining cash generated from operations.
Where Food Comes From, Inc. (WFCF) will announce its 2021 second quarter financial results before the market opens on August 5, 2021. A conference call is scheduled for the same day at 10:00 a.m. Mountain Time (12:00 p.m. Eastern). Investors can connect to the call via designated dial-in numbers, and a replay option will be available until August 26, 2021. The company is noted for providing third-party verification of food production practices, supporting over 15,000 clients across various sectors with a range of value-added services.
Where Food Comes From, Inc. (WFCF) declared a special cash dividend of $0.15 per share on July 1, 2021, totaling approximately $920,000. This dividend will be paid to stockholders of record as of July 27, 2021, with a payment date set for August 16, 2021. The company’s chairman and CEO, John Saunders, emphasized the decision was based on a strong balance sheet and solid cash flow, indicating the remaining cash balance is adequate to support growth initiatives.
Where Food Comes From (WFCF) reported a 14% revenue increase to $4.4 million in Q1 2021, compared to $3.9 million in Q1 2020. Gross margin improved to 41.9%, while net income reached $1.2 million, bolstered by $1 million in PPP loan forgiveness.
Adjusted EBITDA was $348,000, recovering from a loss of $44,000. The company saw a 10% decrease in SG&A expenses, and cash and equivalents rose 14% to $5.0 million. Despite positive growth, the company highlighted ongoing challenges from Covid-19 affecting verification activities.
Where Food Comes From, Inc. (WFCF) announced it will release its 2021 first quarter financial results on May 6, 2021, before the market opens. A conference call will follow at 10:00 a.m. MT (12:00 p.m. ET) to discuss these results. Interested parties can access the call via domestic and international dial-in numbers. The company specializes in third-party verification of food production practices, supporting over 15,000 clients across various sectors.
Where Food Comes From, Inc. (WFCF) announced that its common stock will start trading on the Nasdaq Capital Market from April 12, 2021. This uplisting is expected to enhance the company's visibility and attract institutional investors, according to CEO John Saunders. The Nasdaq exchange is known for supporting emerging growth companies, which aligns with WFCF's strategic growth objectives. The company also cautioned that the potential benefits of this uplisting are subject to various risks and uncertainties, as outlined in their SEC filings.
Where Food Comes From, Inc. (WFCF) has launched the WFCF CARE Certified program with Heinen’s grocery chain for beef, pork, and Gerber Poultry products. This initiative aims to enhance sustainability through three pillars: Animal Care, Environmental Stewardship, and People and Community. Heinen’s is the first retailer to adopt this certification, showcasing the CARE Certified logo on its packaging. Leann Saunders, COO of WFCF, highlighted the importance of transparency and consumer trust in protein supply chains, marking a significant collaboration since Heinen's partnership began in 2011.
Where Food Comes From, Inc. (WFCF) reported its 2020 financial results, revealing a 3% decline in revenue to $20.1 million largely due to the pandemic's impact on non-beef protein audits. Despite this, the company achieved a record net income of $1.4 million, maintaining a diluted EPS of $0.22. The gross margin improved to 44.5%, although adjusted EBITDA fell to $3.0 million. Cash reserves rose significantly to $4.4 million. While the outlook for 2021 indicates continued challenges, the company is optimistic about its growth prospects in sustainability and food quality initiatives.