WFCF Q1 2024 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$6M+6.0% YoY

Gross Profit

$2M41.7% margin

Operating Income

$261,0004.7% margin

Net Income

$178,0003.2% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-17.1%

Cash Flow

Operating Cash Flow

$700,000

Free Cash Flow

$676,000

Stock-Based Comp.

$11,000

Balance Sheet

Total Assets

$15M

Total Liabilities

$6M

Stockholders' Equity

$10M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$5M	+6.0%
Gross Profit	$2M	$2M	+8.7%
Operating Income	$261,000	$155,000	+68.4%
Net Income	$178,000	$121,000	+47.1%

Revenue Segments

Verification and Certification Service Revenue

$4M100%