WFCF Q2 2020 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q2 2020 Earnings

Technology Software - Application

Income Statement

Revenue

$4M-9.7% YoY

Gross Profit

$2M47.6% margin

Operating Income

$469,00010.6% margin

Net Income

$351,0007.9% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

+12.9%

Cash Flow

Operating Cash Flow

$854,000

Free Cash Flow

$635,000

Stock-Based Comp.

$24,000

Balance Sheet

Total Assets

$19M

Total Liabilities

$7M

Stockholders' Equity

$12M

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4M	$5M	-9.7%
Gross Profit	$2M	$2M	+0.6%
Operating Income	$469,000	$403,214	+16.3%
Net Income	$351,000	$361,000	-2.8%

Revenue Segments

Verification and Certification Service Revenue

$3M86%

Software-Related Consulting Service Revenue

$275,0008%

Software License, Maintenance and Support Services Revenue

$237,0007%