WFCF Q2 2023 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$6M+14.9% YoY

Gross Profit

$3M40.9% margin

Operating Income

$673,00011.0% margin

Net Income

$532,0008.7% margin

EPS (Diluted)

$0.09

QoQ Revenue Growth

+16.3%

Cash Flow

Operating Cash Flow

$822,000

Free Cash Flow

$802,000

Stock-Based Comp.

$17,000

Balance Sheet

Total Assets

$18M

Total Liabilities

$7M

Stockholders' Equity

$11M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6M	$5M	+14.9%
Gross Profit	$3M	$2M	+17.7%
Operating Income	$673,000	$313,000	+115.0%
Net Income	$532,000	$222,000	+139.6%

Revenue Segments

Verification And Certification Service Revenue

$3M100%