Company Quick10K Filing
Where Food Comes From
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 25 $42
10-Q 2019-11-14 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-29 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-14 Quarter: 2018-03-31
10-K 2018-04-02 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-11 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-02-16 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-05-04 Quarter: 2015-03-31
10-K 2015-02-18 Annual: 2014-12-31
10-Q 2014-11-03 Quarter: 2014-09-30
10-Q 2014-08-04 Quarter: 2014-06-30
10-Q 2014-05-05 Quarter: 2014-03-31
10-K 2014-03-04 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-01 Quarter: 2013-06-30
10-Q 2013-05-01 Quarter: 2013-03-31
10-K 2013-03-06 Annual: 2012-12-31
10-Q 2012-11-05 Quarter: 2012-09-30
10-Q 2012-08-01 Quarter: 2012-06-30
10-Q 2012-05-15 Quarter: 2012-03-31
10-K 2012-03-26 Annual: 2011-12-31
8-K 2019-12-17 Other Events
8-K 2019-12-05 Accountant, Exhibits
8-K 2019-11-27 Officers
8-K 2019-11-14 Earnings, Exhibits
8-K 2019-08-13 Earnings, Exhibits
8-K 2019-05-13 Earnings, Shareholder Vote, Exhibits
8-K 2019-03-25 Earnings, Exhibits
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-08-29 Enter Agreement, Sale of Shares
8-K 2018-08-14 Earnings, Exhibits
8-K 2018-07-02 Accountant
8-K 2018-05-21 Accountant, Exhibits
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-16 Other Events, Exhibits
8-K 2018-05-14 Earnings, Exhibits
8-K 2018-03-27 Earnings, Exhibits
8-K 2018-01-05 Other Events

Where Food Comes From Financials

WFCF Metrics, Comps, Filings

Annual | Quarterly

Business

Where Food Comes From, Inc. and its subsidiaries (“WFCF,” the “Company,” “our,” “we,” or “us”) 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, consumer brands 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, and 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.

Through our more recent acquisitions, including SureHarvest Services LLC; Sow Organic, LLC; and JVF Consulting, LLC, we provide sustainability programs, compliance management and farming information management solutions to drive sustainable value creation. We employ 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.

Finally, 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.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Hickok (HICKA) 44,979 22% 4.7 10% 63,062 46,527 87,257 18,968 6,422 11,382 53,975
Positive Physicians Holdings (PPHI) 44,543 0% -33.1 -0% 156,562 84,131 13,239 0 -469 -609 20,177
Intersections (INTX) 44,437 68% 4.2 25% 37,736 36,881 155,171 105,871 9,357 13,535 56,883
Petroshare (PRHR) 44,347 0% 13.2 -54% 36,928 45,101 24,631 0 -19,790 3,086 40,589
Barfresh (BRFH) 44,229 53% -9.4 -90% 7,289 4,942 4,743 2,519 -6,591 -4,804 45,225
Morphic Holding (MORF) 44,192 0% 0.0 -5% 178,610 104,779 5,567 0 -9,433 -9,298 -282
Gulfslope Energy (GSPE) 43,691 -2.6 -49% 37,551 37,142 0 0 -18,233 -15,841 41,391
Solis Tek (SLTK) 43,541 26% -5.0 -491% 1,802 7,207 2,271 582 -8,858 -8,719 43,301
CCUR (CCUR) 43,359 0% 18.3 3% 62,474 10,118 3,290 0 1,771 2,014 36,876
Cleanspark (CLSK) 43,300 21% -1.1 -159% 32,912 2,881 2,321 481 -52,487 -43,644 47,784
Smartag International (SMRN) 42,619 100% -97.1 -501% 87 31 1 1 -438 -438 42,532
Mastermind (MMND) 42,338 88% 57.6 24% 2,419 256 5,286 4,643 576 727 41,906
Where Food Comes From (WFCF) 42,054 42% 16.2 4% 18,765 6,593 18,587 7,755 806 2,438 39,482
Union Bridge Holdings (UGHL) 41,808 20% -172.1 -308% 79 681 71 14 -243 -243 41,761
NaturalShrimp (SHMP) 41,113 -6.6 -209% 3,017 5,080 0 0 -6,312 -6,065 40,295
RXI Pharmaceuticals (RXII) 40,899 0% -4.1 -61% 12,108 2,401 78 0 -7,374 -7,298 30,033
Portsmouth Square (PRSI) 40,747 26% 1.5 5% 62,554 136,872 59,881 15,415 2,847 13,609 19,931
Medovex (MDVX) 40,543 70% -3.6 -69% 16,726 4,772 4,178 2,930 -11,561 -11,141 40,243
ATI Nationwide Holding (ATIN) 40,178 -649.2 -30,945% 0 6 0 0 -62 -62 40,178
Earth Science Tech (ETST) 39,246 53% -19.3 -600% 352 833 597 316 -2,113 -2,030 39,211

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash9691,4031,0682503,7812,4902,7061,482
Accounts Receivable2273776849801,1101,3451,8992,205
Inventory
PP&E571477832321581,2291,0681,675
Assets1,8073,3645,8147,9338,47612,88113,34114,464
Accounts Payable148135278401418334457534
Long-Term Debt1764141911684232
Liabilities6437957287498051,5652,0962,249
Stockholders' Equity1,1642,2823,7686,2106,7349,4289,67110,766
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue3,3304,32811129,07510,30912,33517,804
Cost of Revenue1,2821,8452,3084,2835,5416,2026,80910,060
Gross Profit2,3482,8302,7063,7634,8555,4136,8217,744
R&D
SG&A1,6722,3422,6793,4194,0604,7786,7396,869
Tax-224-3910141298236266309
Net Income864873-3197496402-171675
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating7213352175901,1149866571,154
Cash Investing-31612-600-486-26-1,719-243-1,975
Cash Financing5187471,411111-307-199-403