WFCF Earnings Prediction
The chart below shows how WFCF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WFCF sees a +1.28% change in stock price 10 days leading up to the earnings, and a +1.02% change 10 days following the report. On the earnings day itself, the stock moves by -5.09%. This data can give you a slight idea of what to expect for the next quarter's release.
WFCF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.66M
-1.03%
-6.26%
Gross Margin
42.04%
-5.89%
7.71%
Operating Margin
11.33%
-17.36%
32.51%
Net Margin
14.43%
25.15%
108.53%
EPS
0.19
26.67%
111.11%
No Data Available
WFCF Earnings Analysis
Where Food Comes From Inc Corporation (WFCF.O) Earnings Conference Call
Positive
Stable Revenue Performance: Total revenue for Q4 was $6.7 million, remaining stable year-over-year, indicating resilience in the company's financial performance.
Product Revenue Growth: Product revenue increased by 6% to $922,000, showcasing growth in this segment despite challenges in other areas.
Net Income Increase: Net income rose to $961,000 or $0.18 per diluted share, up from $776,000 or $0.14 per diluted share, reflecting improved profitability.
Dividend Income Increase: The company reported an $80,000 or 47% increase in Progressive Beef dividend income, contributing positively to net income.
Bitcoin Investment Success: A significant gain of $345,000 in the fair market value of bitcoin holdings, which increased from $178,000 investment to a value over $93,000, highlighting successful investment strategy.
Annual Revenue Increase: Total revenue for the full year increased by 2% to $25.7 million, demonstrating overall growth despite some declines in specific service areas.
Verification Services Revenue Growth: Verification and certification services revenue grew by 6% to $20.6 million, indicating strong demand for these services.
Program Growth Trends: The CARE Certified program and Upcycled Certified program are experiencing good growth, with the latter being the fastest-growing service at a 17% year-over-year increase in 2024.
Increased Demand for Certifications: The company is benefiting from increased demand for organic certifications and other audits, showing diversification in service offerings.
Service Portfolio Expansion: The bundling capabilities of the company's expanding services portfolio are attracting more customers, enhancing overall service uptake.
Negative
Revenue Stagnation in Q4: Total revenue in Q4 was flat at $6.7 million year-over-year, indicating stagnation in growth.
Revenue Decline in Services: Verification and certification services revenue decreased slightly to $5.4 million from $5.5 million, showing a decline in a key revenue stream.
Gross Profit Decline: Gross profit declined 7% to $2.8 million from $3 million, reflecting reduced profitability.
Product Revenue Decline: Product revenue decreased by 5% to $3.8 million from $4 million, indicating a downturn in product sales.
Professional Services Decline: Professional services revenue fell to $1.4 million from $1.7 million, suggesting a decline in service demand.
Beef Industry Revenue Challenges: The traditional beef-related source and age business has been negatively impacted by cyclical herd size reductions, contributing to slower growth in top-line revenue.
WFCF FAQs
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WFCF Earning Call Sentiment
Where Food Comes From, Inc. (NASDAQ:WFCF) Q4 2024 Earnings Call Transcript
WFCF.O
-1.21%Positive
The earnings call reveals modest revenue growth and operational improvements, but also highlights risks such as cyclical declines in beef verification and reliance on new services. Financial performance is mixed with flat total revenue and a decrease in gross profit. The lack of a shareholder return plan and the absence of significant concerns in the Q&A session suggest limited immediate impact. The market's reaction is likely to be neutral, given the balance of positive and negative factors, and the absence of a new partnership or major strategic shift.
