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Leann Saunders, the Chief Operating Officer of Where Food Comes From, Inc. (NASDAQ:WFCF), recently acquired shares in the company, as per a filing with the Securities and Exchange Commission. The company, currently trading at $10.06, has seen its stock rise nearly 8% over the past week, though it remains about 25% lower year-to-date. On May 19, 2025, Saunders made a series of purchases totaling $12,510, acquiring 1,750 shares of common stock. The purchase price per share ranged from $6.84 to $7.20. Following these transactions, Saunders holds a total of 1,742,026 shares. These shares are held as joint tenants with her spouse, John Saunders. The company maintains strong financial health with a current ratio of 1.63 and operates with moderate debt levels. According to InvestingPro analysis, WFCF appears undervalued at current levels, with 8 additional key insights available to subscribers.
In other recent news, Where Food Comes From Inc. reported its financial results for the first quarter of 2025, revealing a 6% decline in revenue compared to the same period last year. The company’s revenue stood at $5.3 million, while earnings per share were $0.01, aligning with market expectations but down from $0.03 in the prior year. Net income also saw a significant drop to $31,000 from $178,000 in Q1 2024. Despite these challenges, the company maintained stable gross margins at 41.6% and continued its share buyback program, repurchasing 376,000 shares for $383,000. The decrease in revenue was attributed to external factors such as reductions in cattle herd sizes and adverse weather conditions, impacting the company’s Verification Services. However, the Upcycled Certified Program showed continued growth, with certification activities expanding significantly. Looking ahead, the company aims to recover by expanding its retail labeling program and anticipates a recovery in cattle herd sizes, which could positively impact its services. The firm is also focused on increasing its presence in the global upcycling food market, which is expected to grow substantially by 2029.
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