Filing Flows › Where Food Comes From (WFCF) › Q4 2024
Where Food Comes From (WFCF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 20, 2025
Where Food Comes From (WFCF) reported revenue of $6.7M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -6% from the quarter before. Operating margin was 11.3%, net earnings $961K (14.4% of revenue).
Where Food Comes From, Q4 2024: revenue $6.7M (-1% year over year), operating margin 11.3%, net earnings $961K, operating cash flow −$50K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | -6% | -1% |
| Gross profit | $2.8M | +1% | -7% |
| Operating profit | $755K | +24% | -18% |
| Net earnings | $961K | +95% | +24% |
| Operating cash flow | −$50K | — | — |
What changed
Revenue was $6.7M in Q4 2024, down 1% year over year and down 6% from the previous quarter. Verification and Certification Service Revenue was the largest line at 81% of revenue.
Gross margin was 42.0%, down 2.6 points from a year earlier. Operating profit was $755K, a 11.3% margin (down 2.4 points year over year). Operating expenses fell 2% while revenue fell 1%. Net earnings were $1.0M, up 24% year over year. The effective tax rate was 29.0%. Non-operating items added $599K, 44% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$50K. Non-cash charges added back $180K of depreciation and amortization and $23K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $29K exceeded it, leaving free cash flow of −$79K.
Questions
What was Where Food Comes From's revenue in the fourth quarter 2024?
Where Food Comes From (WFCF) reported revenue of $6.7M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -6% from the quarter before.
Was Where Food Comes From profitable in the fourth quarter 2024?
Operating profit was $755K (11.3% of revenue) and net earnings $961K.