WFCF Q1 2022 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q1 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$6M+38.6% YoY

Gross Profit

$2M38.9% margin

Operating Income

$623,00010.1% margin

Net Income

$497,0008.1% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$1M

Stock-Based Comp.

$51,000

Balance Sheet

Total Assets

$20M

Total Liabilities

$6M

Stockholders' Equity

$14M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$4M	+38.6%
Gross Profit	$2M	$2M	+28.7%
Operating Income	$623,000	$89,000	+600.0%
Net Income	$497,000	$1M	-56.8%

Revenue Segments

Software and Related Consulting Revenue

$1M100%