WFCF Q2 2022 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q2 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$5M+3.7% YoY

Gross Profit

$2M40.0% margin

Operating Income

$313,0005.9% margin

Net Income

$222,0004.2% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-13.4%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$959,000

Stock-Based Comp.

$32,000

Balance Sheet

Total Assets

$21M

Total Liabilities

$7M

Stockholders' Equity

$13M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$5M	+3.7%
Gross Profit	$2M	$2M	+6.0%
Operating Income	$313,000	$282,000	+11.0%
Net Income	$222,000	$202,000	+9.9%

Revenue Segments

Verification And Certification Service Revenue

$4M89%

Software And Related Consulting Revenue

$489,00011%