WFCFWhere Food Comes From, Inc.

$61M

Q3 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$7M+11.0% YoY

Gross Profit

$3M43.8% margin

Operating Income

$1M14.8% margin

Net Income

$785,00010.8% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+36.3%

Cash Flow

Operating Cash Flow

$736,000

Free Cash Flow

$724,000

Stock-Based Comp.

$19,000

Balance Sheet

Total Assets

$21M

Total Liabilities

$8M

Stockholders' Equity

$13M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$7M	+11.0%
Gross Profit	$3M	$3M	+8.6%
Operating Income	$1M	$1M	-5.6%
Net Income	$785,000	$867,000	-9.5%

Revenue Segments

Verification and Certification Service Revenue

$5M91%

Software and Related Consulting Revenue

$508,0009%

WFCF Q3 2022 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena