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Where Food Comes From (WFCF)
NASDAQ:WFCF
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -1.88%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with stable revenue growth and strategic investments yielding positive results, such as a successful bitcoin investment and expanding service offerings. However, challenges remain with increased expenses and a decline in the beef-related business. The company is positioning itself for future growth, but current results show a balance of positive and negative factors.Company Guidance
During the Where Food Comes From 2024 Year-End Earnings Call, CEO John Saunders provided several key financial metrics and updates. The company's total revenue for the fourth quarter was $6.7 million, remaining stable year-over-year, while verification and certification services revenue slightly decreased to $5.4 million. Product revenue increased by 6% to $922,000, and professional services revenue was $360,000. Gross profit declined by 7% to $2.8 million, yet net income grew to $961,000 or $0.18 per diluted share. The full-year revenue saw a 2% increase to $25.7 million, with verification and certification services rising by 6% to $20.6 million. Despite a 5% decline in product revenue, the company saw significant growth in its Upcycled Certified program, with a 17% increase year-over-year. The company also repurchased 273,057 shares for $3.3 million, returning a total of $13.9 million to stockholders over 21 quarters. Entering 2025, Where Food Comes From had $2 million in cash and cash equivalents and $2.4 million in working capital, positioning itself for further growth and shareholder value creation.Stable Revenue and Net Income Growth
Total revenue for the year increased 2% to $25.7 million from $25.1 million. Net income increased in Q4 to $961,000 or $0.18 per diluted share from $776,000 or $0.14 per diluted share.
Successful Bitcoin Investment
Net income benefited from a $345,000 gain in the fair market value of bitcoin holdings, with bitcoin trading at over 3x the initial investment level.
Growth in Service Offerings
The Upcycled Certified program experienced a 17% year-over-year increase in 2024. Additionally, there are upticks in organic certifications, California Prop 12-related audits, and other service offerings.
Stock Buyback Program
The company repurchased 273,057 shares of its stock for $3.3 million, with total value returned to stockholders via buybacks and special dividends totaling $13.9 million over 21 quarters.
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WFCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WFCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $12.23 | $12.60 | +3.03% |
| Nov 12, 2024 | $11.38 | $11.25 | -1.14% |
| Aug 08, 2024 | $10.75 | $10.90 | +1.40% |
| May 02, 2024 | $12.38 | $11.75 | -5.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Where Food Comes From (WFCF) report earnings?
Where Food Comes From (WFCF) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Where Food Comes From (WFCF) earnings time?
Where Food Comes From (WFCF) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WFCF EPS forecast?
Currently, no data Available
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