WFCF Q3 2023 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$7M-3.5% YoY

Gross Profit

$3M40.9% margin

Operating Income

$946,00013.5% margin

Net Income

$723,00010.3% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+14.4%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$1M

Stock-Based Comp.

$6,000

Balance Sheet

Total Assets

$18M

Total Liabilities

$7M

Stockholders' Equity

$11M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$7M	-3.5%
Gross Profit	$3M	$3M	-9.9%
Operating Income	$946,000	$1M	-11.9%
Net Income	$723,000	$785,000	-7.9%

Revenue Segments

Verification And Certification Service Revenue

$5M76%

Product Sales

$1M17%

Consulting Revenue

$431,0006%