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Where Food Comes From Inc   (WFCF)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $12.3000 $0.10 0.820%
Day's High: $12.3 Week Perf: 7.61 %
Day's Low: $ 11.58 30 Day Perf: -8.89 %
Volume (M): 5 52 Wk High: $ 14.77
Volume (M$): $ 58 52 Wk Avg: $13.64
Open: $11.75 52 Wk Low: $11.33



 Market Capitalization (Millions $) 68
 Shares Outstanding (Millions) 6
 Employees 63
 Revenues (TTM) (Millions $) 25
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 0

Where Food Comes From Inc

Where Food Comes From, Inc. and its subsidiaries is a leading trusted resource for third-party verification of food production practices in North America. The Company supports more than 15,000 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations and restaurants with a wide variety of value-added services provided through its family of verifiers, including IMI Global, International Certification Services, Validus Verification Services, Sterling Solutions, SureHarvest Services and our newest acquisition, A Bee Organic. In order to have credibility, product claims such as gluten-free, non-GMO, non-hormone treated, humane handling, and others require verification by an independent third-party such as WFCF. The Company’s principal business is conducting both on-site and desk audits to verify that claims being made about livestock, crops and other food products are accurate. In addition, we develop software and provide services related to sustainability measurement and benchmarking, traceability, verification and certification to the food and agriculture industries. The Company’s Where Food Comes From Source Verified® retail and restaurant labeling program utilizes the verification of product attributes to connect consumers directly to the source of the food they purchase through product labeling and web-based information sharing and education. With the use of Quick Response Code (“QR”) technology, consumers can instantly access information about the producers behind their food.

WFCF was founded in 1996 and incorporated in the state of Colorado as a subchapter C corporation in 2005. The Company’s shares of common stock trade on the OTCQB marketplace under the stock ticker symbol, “WFCF.”

The Company’s original name – Integrated Management Information, Inc. (d.b.a. IMI Global, Inc.) – was changed to Where Food Comes From, Inc. in 2012 to better reflect the Company’s mission. Early growth was attributable to source and age verification services for beef producers that wanted access to markets overseas following the discovery of “mad cow” disease in the U.S. Over the years, WFCF has expanded its portfolio to include verification and software services for most food groups and 30 standards. This growth has been achieved both organically and through the acquisition of other companies.

The Company is one of the nation’s largest independent, third-party providers of food production audits and uses rigorous verification processes to ensure that claims made by food producers and processors are accurate.

The Where Food Comes From® labeling program offers food retailers and restaurants a means of connecting consumers to information on where and how the food they purchase has been grown or raised.

With the acquisition of SureHarvest on December 28, 2016, the Company employs a software-as-a-service (“SaaS”) revenue model that bundles annual software licenses with ongoing software enhancements and upgrades and a wide range of professional services that generate incremental revenue specific to the food and agricultural industry.

The Company’s business benefits from growing demand by consumers, retailers and government for increased transparency into food production practices.

Consumers: Due to concerns about food safety, animal welfare and an overall increase in health consciousness, consumers are demanding more information about the food they purchase.

Retailers: Responding to consumer demands for increased transparency as well as to the negative impact food scandals have on their bottom lines, retailers are requiring their suppliers to adhere to more stringent traceability and verification of product claims.

Government Regulation: The U.S. Department of Agriculture’s Animal Disease Traceability program, being phased in over the next few years, gluten-free testing requirements, and ingredient labeling regulations are all impacting product verification.



   Company Address: 202 6th Street Castle Rock 80104 CO
   Company Phone Number: 895-3002   Stock Exchange / Ticker: WFCF
   


   

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Merger and Acquisition

WFCF to Continue as Exclusive Certification Body for High Impact Solution to Food Waste with Plans to Accelerate Uptake

Published Wed, Dec 27 2023 1:00 PM UTC


Breaking News: Food Certification Body, WFCF, Pledges to Ramp Up Efforts in Tackling Food Waste Crisis
Denver, Colorado - In a significant move to combat the global food waste crisis, Where Food Comes From Inc (WFCF) has announced that it will continue as the exclusive certification body for a groundbreaking solution aimed at curbing food waste. With its share price...

Where Food Comes From Inc

Where Food Comes From Inc Reports Mixed Performance in Q1 2023, But Improves Overall ROI Ranking

Where Food Comes From Inc has recently released its financial results for the first quarter of 2023, and the figures show a mixed performance for the company. The return on average invested assets (ROI) achieved in the quarter was 12.81%, which is above the company's average ROI of 7.54%. However, the ROI decreased relative to the previous reporting period, primarily due to a decline in net income. Furthermore, 85 other companies in the Technology sector had a higher ROI than Where Food Comes From Inc.
The company's overall ROI ranking has improved in the first quarter of 2023 to 651, up from 819 in the fourth quarter of 2022. However, the company's profitability has taken a hit, with the earnings per share diving by 75% to $0.02 per share compared to $0.08 a year earlier. Moreover, the revenue decreased by over 14%, to $5.27 million from $6.16 million in the similar reporting period a year prior, and sequentially revenue deteriorated by over 13% from $6.09 million.






 

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Where Food Comes From Inc does not provide revenue guidance.

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Where Food Comes From Inc does not provide earnings estimates.

 
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