Where Food Comes From Q2 revenue up 3% to $6.6 mln

Where Food Comes From

07/08/2025 13:21

Overview

Where Food Comes From Q2 revenue rises 3% yr/yr to $6.6 mln

Net income for Q2 up 15% yr/yr, aided by digital asset gain

Co sells Progressive Beef interest, enhancing financial flexibility

Outlook

Company expects CARE Certified beef in 110 retail locations by year-end

Company plans to expand retail labeling program in 2026

Company sold interest in Progressive Beef to boost financial flexibility

Result Drivers

VERIFICATION SERVICES - Increased demand for CARE Certified and UpCycled programs drove revenue growth despite smaller cattle herd sizes

HARDWARE SALES - Growth in hardware sales attributed to customer preferences for value-add tags

COMPENSATION EXPENSES - Competitive labor market and increased hardware costs negatively impacted gross margins

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$6.60 mln
Q2 EPS
$0.11
Q2 Gross Profit
$2.50 mln


Press Release: ID:nGNX7kpP3z

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)