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Dannette Henning, the Chief Financial Officer of Where Food Comes From, Inc. (NASDAQ:WFCF), a $51 million market cap company, recently acquired a total of 1,750 shares of the company’s common stock. The timing is notable as InvestingPro data shows the stock has declined over 11% in the past week. The transactions, disclosed in a recent SEC filing, took place on May 13, 2025, with shares purchased at prices ranging from $6.84 to $7.20, totaling $12,510.
Following these transactions, Henning’s direct ownership in the company increased to 51,875 shares. Additionally, the filing noted the exercise of stock options, providing Henning the right to acquire further shares at predetermined prices.
In other recent news, Where Food Comes From Inc. reported a 6% decline in revenue for the first quarter of 2025, amounting to $5.3 million, down $252,000 from the previous year. The company’s net income also saw a significant drop, falling to $31,000 from $178,000 in the same period last year. Earnings per share were reported at $0.01, meeting market expectations but showing a decrease from last year’s $0.03 per share. The company maintained stable gross margins at 41.6% despite the revenue decline. Where Food Comes From repurchased 376,000 shares for $383,000 during the quarter. Analyst firms have noted the external challenges faced by the company, including reductions in cattle herd sizes and adverse weather conditions, which impacted its Verification Services. Despite these challenges, the company is expanding its retail labeling program and its Upcycled Certified Program, which continues to grow. The global upcycling food market is projected to grow significantly, with the company aiming to increase its retail presence by the end of 2025.
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