Where Food Comes From, Inc. (NASDAQ:WFCF) Q1 2025 Earnings Conference Call May 8, 2025 12:00 PM ET
Company Participants
Jay Pfeiffer – Investor Relations
John Saunders – Chairman and Chief Executive Officer
Conference Call Participants
Operator
Greetings, and welcome to the Where Food Comes From First Quarter Earnings Call. At this time all participants’ are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jay Pfeiffer of Investor Relations. Please go ahead.
Jay Pfeiffer
Good morning, and welcome to the Where Food Comes From 2025 first quarter earnings call. Joining me on the call today are CEO, John Saunders; President, Leann Saunders; and Chief Financial Officer, Dannette Henning.
During this call, we’ll make forward-looking statements based on current expectations, estimates and projections that are subject to risk. Statements about financial performance, growth strategy, customers, business opportunities, market acceptance of our products and services and potential acquisitions are forward-looking statements. Listeners should not place undue reliance on these statements as there are many factors that could cause actual results to differ materially from our forward-looking statements. We encourage you to review our publicly filed documents, as well as our news releases and website for more information.
I’ll now turn the call over to John Saunders.
John Saunders
Good morning, and thanks for joining the call today. The headwinds we reported for most of the last year carried into the first quarter of 2025 and resulted in an approximate 6% year-over-year decline in total revenue for the period.
The majority of that decline came in our verification and certification services segment, where revenue was $252,000 lower than in Q1 last year, a reflection of fewer cattle moving through the system due to a
