Financial Snapshot

Revenue
$25.82M
TTM
Gross Margin
41.75%
TTM
Net Earnings
$1.935M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
141.8%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$9.454M
Q3 2024
Cash
Q3 2024
P/E
30.11
Nov 13, 2024 EST
Free Cash Flow
$1.931M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Revenue $25.14M $24.85M $21.93M $20.08M $20.77M $17.80M $15.45M $11.62M $10.40M $8.760M $5.800M $5.260M $4.230M $3.270M $2.660M $2.400M $1.650M $1.540M $960.0K $450.0K
YoY Change 1.17% 13.28% 9.22% -3.32% 16.69% 15.21% 32.96% 11.73% 18.72% 51.03% 10.27% 24.35% 29.36% 22.93% 10.83% 45.45% 7.14% 60.42% 113.33%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Revenue $25.14M $24.85M $21.93M $20.08M $20.77M $17.80M $15.45M $11.62M $10.40M $8.760M $5.800M $5.260M $4.230M $3.270M $2.660M $2.400M $1.650M $1.540M $960.0K $450.0K
Cost Of Revenue $14.61M $14.38M $12.20M $11.15M $11.70M $10.06M $8.630M $6.200M $5.540M $5.000M $3.090M $2.430M $1.880M $1.470M $1.310M $1.070M $430.0K $780.0K $530.0K $160.0K
Gross Profit $10.52M $10.47M $9.737M $8.930M $9.080M $7.740M $6.820M $5.410M $4.850M $3.760M $2.710M $2.830M $2.350M $1.800M $1.350M $1.330M $1.220M $760.0K $420.0K $290.0K
Gross Profit Margin 41.86% 42.13% 44.4% 44.47% 43.72% 43.48% 44.14% 46.56% 46.63% 42.92% 46.72% 53.8% 55.56% 55.05% 50.75% 55.42% 73.94% 49.35% 43.75% 64.44%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Selling, General & Admin $7.825M $7.816M $7.434M $7.240M $7.530M $6.870M $6.740M $4.780M $4.060M $3.420M $2.680M $2.340M $1.670M $1.440M $1.470M $1.440M $1.930M $2.300M $1.410M $240.0K
YoY Change 0.12% 5.14% 2.68% -3.85% 9.61% 1.93% 41.0% 17.73% 18.71% 27.61% 14.53% 40.12% 15.97% -2.04% 2.08% -25.39% -16.09% 63.12% 487.5%
% of Gross Profit 74.37% 74.67% 76.35% 81.08% 82.93% 88.76% 98.83% 88.35% 83.71% 90.96% 98.89% 82.69% 71.06% 80.0% 108.89% 108.27% 158.2% 302.63% 335.71% 82.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $400.0K $799.0K $1.000M $1.100M $940.0K $850.0K $270.0K $260.0K $230.0K $120.0K $90.00K $70.00K $80.00K $60.00K $40.00K $30.00K $40.00K $40.00K $10.00K
YoY Change -25.0% -49.94% -20.1% -9.09% 17.02% 10.59% 214.81% 3.85% 13.04% 91.67% 33.33% 28.57% -12.5% 33.33% 50.0% 33.33% -25.0% 0.0% 300.0%
% of Gross Profit 2.85% 3.82% 8.21% 11.2% 12.11% 12.14% 12.46% 4.99% 5.36% 6.12% 4.43% 3.18% 2.98% 4.44% 4.44% 3.01% 2.46% 5.26% 9.52% 3.45%
Operating Expenses $7.191M $7.051M $7.434M $7.240M $7.520M $6.870M $6.740M $4.780M $4.060M $3.420M $2.680M $2.340M $1.680M $1.450M $1.470M $1.450M $1.930M $2.300M $1.420M $240.0K
YoY Change 1.99% -5.15% 2.68% -3.72% 9.46% 1.93% 41.0% 17.73% 18.71% 27.61% 14.53% 39.29% 15.86% -1.36% 1.38% -24.87% -16.09% 61.97% 491.67%
Operating Profit $2.697M $2.652M $2.303M $1.690M $1.560M $870.0K $80.00K $630.0K $790.0K $340.0K $30.00K $490.0K $670.0K $350.0K -$120.0K -$120.0K -$710.0K -$1.540M -$1.000M $50.00K
YoY Change 1.7% 15.15% 36.27% 8.33% 79.31% 987.5% -87.3% -20.25% 132.35% 1033.33% -93.88% -26.87% 91.43% -391.67% 0.0% -83.1% -53.9% 54.0% -2100.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Interest Expense $5.000K $3.000K $183.0K $140.0K $110.0K $100.0K $0.00 $0.00 $0.00 -$10.00K -$30.00K -$30.00K -$30.00K -$30.00K -$40.00K -$30.00K -$20.00K -$20.00K -$40.00K -$10.00K
YoY Change 66.67% -98.36% 30.71% 27.27% 10.0% -100.0% -66.67% 0.0% 0.0% 0.0% -25.0% 33.33% 50.0% 0.0% -50.0% 300.0%
% of Operating Profit 0.19% 0.11% 7.95% 8.28% 7.05% 11.49% 0.0% 0.0% 0.0% -2.94% -100.0% -6.12% -4.48% -8.57% -20.0%
Other Income/Expense, Net $368.0K $164.0K $2.000K $10.00K $10.00K $10.00K $10.00K $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $0.00 $0.00 $0.00 $10.00K
YoY Change 124.39% 8100.0% -80.0% 0.0% 0.0% 0.0% -100.0% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Pretax Income $3.065M $2.816M $3.620M $1.850M $1.480M $980.0K $100.0K $640.0K $790.0K $340.0K $0.00 $480.0K $640.0K $330.0K -$150.0K $220.0K -$720.0K -$1.560M -$1.030M $40.00K
YoY Change 8.84% -22.21% 95.68% 25.0% 51.02% 880.0% -84.38% -18.99% 132.35% -100.0% -25.0% 93.94% -320.0% -168.18% -130.56% -53.85% 51.46% -2675.0%
Income Tax $913.0K $822.0K $659.0K $460.0K $460.0K $310.0K $230.0K $240.0K $300.0K $140.0K $0.00 -$390.0K -$220.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 29.79% 29.19% 18.2% 24.86% 31.08% 31.63% 230.0% 37.5% 37.97% 41.18% -81.25% -34.38% 0.0% 0.0% 0.0%
Net Earnings $2.152M $1.994M $2.961M $1.390M $1.350M $800.0K $140.0K $430.0K $530.0K $230.0K -$30.00K $870.0K $860.0K $330.0K -$150.0K $150.0K -$760.0K -$1.560M -$1.030M $40.00K
YoY Change 7.92% -32.66% 113.02% 2.96% 68.75% 471.43% -67.44% -18.87% 130.43% -866.67% -103.45% 1.16% 160.61% -320.0% -200.0% -119.74% -51.28% 51.46% -2675.0%
Net Earnings / Revenue 8.56% 8.03% 13.5% 6.92% 6.5% 4.49% 0.91% 3.7% 5.1% 2.63% -0.52% 16.54% 20.33% 10.09% -5.64% 6.25% -46.06% -101.3% -107.29% 8.89%
Basic Earnings Per Share $0.39 $0.34 $0.49
Diluted Earnings Per Share $0.39 $0.33 $478.7K $223.5K $215.7K $128.0K $90.32K $286.7K $353.3K $157.5K -$21.90K $644.4K $656.5K $253.8K -$115.4K $116.3K -$623.0K -$1.322M -$710.3K $38.83K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Cash & Short-Term Investments $2.641M $4.368M $5.414M $4.370M $2.900M $1.730M $3.450M $3.220M $3.780M $2.580M $1.070M $1.400M $1.250M $510.0K $210.0K $150.0K $170.0K $230.0K $690.0K $0.00
YoY Change -39.54% -19.32% 23.89% 50.69% 67.63% -49.86% 7.14% -14.81% 46.51% 141.12% -23.57% 12.0% 145.1% 142.86% 40.0% -11.76% -26.09% -66.67%
Cash & Equivalents $2.641M $4.368M $5.414M $4.370M $2.640M $1.480M $2.710M $2.490M $3.780M $2.580M $1.070M $1.400M $970.0K $510.0K $210.0K $150.0K $170.0K $230.0K $690.0K $0.00
Short-Term Investments $260.0K $250.0K $740.0K $730.0K $0.00 $280.0K
Other Short-Term Assets $335.0K $463.0K $325.0K $590.0K $450.0K $440.0K $250.0K $200.0K $150.0K $380.0K $330.0K $320.0K $260.0K $30.00K $70.00K $30.00K $40.00K $30.00K $0.00 $60.00K
YoY Change -27.65% 42.46% -44.92% 31.11% 2.27% 76.0% 25.0% 33.33% -60.53% 15.15% 3.13% 23.08% 766.67% -57.14% 133.33% -25.0% 33.33% -100.0%
Inventory $1.109M $888.0K $767.0K $0.00 $10.00K $20.00K $10.00K $10.00K $0.00
Prepaid Expenses
Receivables $2.128M $2.172M $2.178M $2.510M $2.520M $2.210M $1.900M $1.340M $1.110M $980.0K $680.0K $380.0K $230.0K $220.0K $200.0K $460.0K $190.0K $180.0K $240.0K $70.00K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $6.213M $7.891M $8.684M $7.470M $5.860M $4.370M $5.590M $4.770M $5.050M $3.940M $2.090M $2.100M $1.740M $770.0K $480.0K $660.0K $430.0K $460.0K $940.0K $120.0K
YoY Change -21.26% -9.13% 16.25% 27.47% 34.1% -21.82% 17.19% -5.54% 28.17% 88.52% -0.48% 20.69% 125.97% 60.42% -27.27% 53.49% -6.52% -51.06% 683.33%
Property, Plant & Equipment $3.140M $3.605M $4.118M $4.650M $4.810M $1.680M $1.070M $1.230M $160.0K $230.0K $250.0K $150.0K $60.00K $110.0K $130.0K $80.00K $50.00K $30.00K $30.00K $40.00K
YoY Change -12.9% -12.46% -11.44% -3.33% 186.31% 57.01% -13.01% 668.75% -30.43% -8.0% 66.67% 150.0% -45.45% -15.38% 62.5% 60.0% 66.67% 0.0% -25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.191M $991.0K $991.0K $990.0K $990.0K $1.240M
YoY Change 20.18% 0.0% 0.1% 0.0% -20.16%
Other Assets $516.0K $523.0K $464.0K $440.0K $380.0K $180.0K $80.00K $10.00K $250.0K $580.0K $480.0K $280.0K $0.00 $0.00 $50.00K $470.0K $0.00
YoY Change -1.34% 12.72% 5.45% 15.79% 111.11% 125.0% 700.0% -96.0% -56.9% 20.83% 71.43% -100.0% -89.36%
Total Long-Term Assets $10.07M $10.41M $11.10M $11.98M $12.38M $10.09M $7.750M $8.110M $3.430M $3.990M $3.720M $1.260M $70.00K $130.0K $140.0K $80.00K $500.0K $540.0K $990.0K $40.00K
YoY Change -3.19% -6.26% -7.35% -3.23% 22.7% 30.19% -4.44% 136.44% -14.04% 7.26% 195.24% 1700.0% -46.15% -7.14% 75.0% -84.0% -7.41% -45.45% 2375.0%
Total Assets $16.29M $18.30M $19.78M $19.45M $18.24M $14.46M $13.34M $12.88M $8.480M $7.930M $5.810M $3.360M $1.810M $900.0K $620.0K $740.0K $930.0K $1.000M $1.930M $160.0K
YoY Change
Accounts Payable $567.0K $640.0K $447.0K $650.0K $1.020M $530.0K $460.0K $330.0K $420.0K $400.0K $280.0K $130.0K $150.0K $170.0K $160.0K $220.0K $260.0K $210.0K $180.0K $10.00K
YoY Change -11.41% 43.18% -31.23% -36.27% 92.45% 15.22% 39.39% -21.43% 5.0% 42.86% 115.38% -13.33% -11.76% 6.25% -27.27% -15.38% 23.81% 16.67% 1700.0%
Accrued Expenses $810.0K $1.061M $762.0K $670.0K $680.0K $420.0K $560.0K $480.0K $90.00K $70.00K $60.00K $60.00K $40.00K $30.00K $50.00K $50.00K $40.00K $10.00K $10.00K $10.00K
YoY Change -23.66% 39.24% 13.73% -1.47% 61.9% -25.0% 16.67% 433.33% 28.57% 16.67% 0.0% 50.0% 33.33% -40.0% 0.0% 25.0% 300.0% 0.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $420.0K $160.0K $100.0K $170.0K
YoY Change -100.0% 162.5% 60.0% -41.18%
Long-Term Debt Due $14.00K $9.000K $13.00K $480.0K $10.00K $20.00K $20.00K $0.00 $10.00K $10.00K $30.00K $30.00K $30.00K $10.00K $10.00K $0.00
YoY Change 55.56% -30.77% -97.29% 4700.0% -50.0% 0.0% -100.0% 0.0% -66.67% 0.0% 0.0% 200.0% 0.0%
Total Short-Term Liabilities $2.979M $3.037M $2.996M $3.120M $2.740M $1.700M $1.880M $1.340M $790.0K $730.0K $550.0K $390.0K $220.0K $220.0K $220.0K $270.0K $730.0K $380.0K $340.0K $190.0K
YoY Change -1.91% 1.37% -3.97% 13.87% 61.18% -9.57% 40.3% 69.62% 8.22% 32.73% 41.03% 77.27% 0.0% 0.0% -18.52% -63.01% 92.11% 11.76% 78.95%
Long-Term Debt $41.00K $37.00K $19.00K $600.0K $20.00K $60.00K $70.00K $20.00K $10.00K $20.00K $180.0K $410.0K $430.0K $330.0K $360.0K $300.0K $300.0K $350.0K $350.0K $0.00
YoY Change 10.81% 94.74% -96.83% 2900.0% -66.67% -14.29% 250.0% 100.0% -50.0% -88.89% -56.1% -4.65% 30.3% -8.33% 20.0% 0.0% -14.29% 0.0%
Other Long-Term Liabilities $2.447M $2.745M $3.020M $3.260M $3.530M $480.0K $150.0K $160.0K
YoY Change -10.86% -9.11% -7.36% -7.65% 635.42% 220.0% -6.25%
Total Long-Term Liabilities $2.488M $2.782M $3.039M $3.860M $3.550M $540.0K $220.0K $180.0K $10.00K $20.00K $180.0K $410.0K $430.0K $330.0K $360.0K $300.0K $300.0K $350.0K $350.0K $0.00
YoY Change -10.57% -8.46% -21.27% 8.73% 557.41% 145.45% 22.22% 1700.0% -50.0% -88.89% -56.1% -4.65% 30.3% -8.33% 20.0% 0.0% -14.29% 0.0%
Total Liabilities $5.467M $5.819M $6.035M $6.980M $6.290M $3.700M $3.670M $3.450M $1.740M $1.720M $2.050M $1.080M $640.0K $550.0K $580.0K $570.0K $1.030M $730.0K $690.0K $190.0K
YoY Change -6.05% -3.58% -13.54% 10.97% 70.0% 0.82% 6.38% 98.28% 1.16% -16.1% 89.81% 68.75% 16.36% -5.17% 1.75% -44.66% 41.1% 5.8% 263.16%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Basic Shares Outstanding 5.485M shares 5.955M shares 6.098M shares
Diluted Shares Outstanding 5.548M shares 6.035M shares 6.185M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $58.263 Million

About Where Food Comes From, Inc.

Where Food Comes From, Inc. engages in the provision of food production audits. The company is headquartered in Castle Rock, Colorado and currently employs 89 full-time employees. The company went IPO on 2006-11-15. The firm supports approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants with a variety of value-added services. The Company’s segments include Verification and Certification and Professional Services. The Verification and Certification Segment offer a range of products and services to maintain identification, traceability, and verification systems. The company conducts both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural products are accurate. The Professional services include a range of professional consulting, data analysis, reporting and technology solutions that support its verification business and generate incremental revenue specific to the food and agricultural industry.

Industry: Services-Prepackaged Software Peers: Trees Corp Correlate Energy Corp High Wire Networks Inc Mistras Group Inc Pineapple Inc R C M Technologies Inc