WFCF Q1 2023 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$5M-14.4% YoY

Gross Profit

$2M40.7% margin

Operating Income

$155,0002.9% margin

Net Income

$121,0002.3% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-13.6%

Cash Flow

Operating Cash Flow

$473,000

Free Cash Flow

$466,000

Stock-Based Comp.

$15,000

Balance Sheet

Total Assets

$17M

Total Liabilities

$6M

Stockholders' Equity

$11M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$6M	-14.4%
Gross Profit	$2M	$2M	-10.6%
Operating Income	$155,000	$623,000	-75.1%
Net Income	$121,000	$497,000	-75.7%

Revenue Segments

Verification and Certification Service Revenue

$2M100%