Revenue: As of FY2025 Q3, the actual value is USD 7.015 M.EPS: As of FY2025 Q3, the actual value is USD 0.22.EBIT: As of FY2025 Q3, the actual value is USD 568 K.<h3>Segment Revenue</h3><ul><li>Verification and Certification Revenue: $5.6 million in Q3 2025, compared to $5.5 million in Q3 2024. For the nine months ended September 30, 2025, revenue was $15.1 million, compared to $15.2 million in the same period in 2024.</li><li>Product Sales: $1.2 million in Q3 2025, compared to $1.3 million in Q3 2024. For the nine months, product sales remained flat at $2.9 million.</li><li>Professional Services Revenue: $257,000 in Q3 2025, compared to $292,000 in Q3 2024. For the nine months, revenue was $0.9 million, compared to $1.0 million in 2024.</li><li>Total Revenue: $7.0 million in the third quarter, a decline of $92,000 compared to the same quarter last year.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: Increased to $1.1 million in Q3 2025 from $0.5 million in Q3 2024. For the nine months, net income was $1.7 million, compared to $1.2 million in 2024.</li><li>Gross Profit: $2.7 million in Q3 2025, down from $2.8 million in Q3 2024. For the nine months, gross profit was $7.3 million, compared to $7.8 million in 2024.</li><li>Selling, General and Administrative Expenses: Decreased to $2.1 million in Q3 2025 from $2.2 million in Q3 2024. For the nine months, expenses decreased to $6.1 million from $6.3 million in 2024.</li><li>Operating Income: $575,000 compared to $608,000 in the year-ago third quarter.</li></ul><h3>Cash Flow</h3><ul><li>Cash Generated from Operations: $2.3 million for the nine months ended September 30, 2025, compared to $2.8 million in the same period in 2024.</li><li>Cash and Cash Equivalents: Increased to $4.8 million as of September 30, 2025, from $2.0 million at the end of 2024.</li><li>Debt: The company has no debt.</li></ul><h3>Unique Metrics</h3><ul><li>Stock Buybacks: 60,721 shares repurchased in Q3 2025, with a total of 116,547 shares repurchased year-to-date. Total buybacks since plan inception amount to 1,308,183 shares at a purchase price of approximately $14.3 million.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company anticipates continued resilience in profitability due to improved efficiencies and cost management, despite challenges such as tariffs and cyclical reductions in beef verification activity. Growth is expected in new customer wins and increased demand for verification and certification services, particularly in pork, dairy, egg, non-GMO, Gluten Free, Organic, and Upcycled certifications. The company is optimistic about the potential for growth in dairy, poultry, and organic certification markets, driven by consumer trends and regulatory changes.</li></ul>

Where Food Comes From | 8-K: FY2025 Q3 Revenue: USD 7.015 M