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Where Food Comes From (WFCF)
NASDAQ:WFCF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 12.13%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with slight revenue growth and positive impacts from government regulations offset by significant declines in net income and ongoing challenges in the beef verification business.Company Guidance
During the Q3 2024 earnings call for Where Food Comes From, John Saunders, the CEO, provided detailed financial guidance and insights. The company reported a slight increase in total revenue to $7.1 million, driven by a 2% rise in verification and certification services to $5.5 million and a 9% increase in product revenue to $1.3 million. However, professional services revenue declined to $0.3 million. Gross profit slightly decreased to $2.8 million, while SG&A expenses rose by 13% to $2.2 million, leading to a 32% drop in net income to $0.5 million, or $0.09 per diluted share. Adjusted EBITDA was down 29% to $0.8 million. The company continued its share buyback program, acquiring 66,620 shares for $734,000. For the first nine months of 2024, revenue increased by 4% to $9.1 million, with net income decreasing by 16% to $1.2 million. The company generated $2.8 million in cash from operations, a 6% increase year-over-year. Looking forward, Saunders highlighted potential growth opportunities linked to USDA regulation changes in the beef and organic sectors, expecting a larger addressable market due to RFID tag adoption and the new Strengthening Organic Enforcement rule.Revenue Growth
Total revenue for the third quarter increased slightly to $7.1 million from $7 million year-over-year, with a 2% increase in verification and certification services and a 9% increase in product revenue.
Cash Flow and Financial Health
Generated $2.8 million in cash from operations through 9 months, a 6% increase compared to the same period last year. The company has no long-term debt.
Government Regulation Impact
Potential positive impact from USDA's new regulations on animal disease traceability and organic enforcement, which may expand the addressable market and increase demand for the company's services.
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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 |
|---|---|---|---|
| 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% |
| Feb 15, 2024 | $13.41 | $13.02 | -2.91% |
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 Feb 13, 2025, TBA Not Confirmed.
What is Where Food Comes From (WFCF) earnings time?
Where Food Comes From (WFCF) earnings time is at Feb 13, 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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