WFCF Q4 2023 Earnings — Where Food Comes From, Inc. Revenue & Financial Results | Market Cap Arena

WFCFWhere Food Comes From, Inc.

$61M

Q4 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$7M+10.5% YoY

Gross Profit

$3M44.7% margin

Operating Income

$923,00013.7% margin

Net Income

$776,00011.5% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

-4.0%

Cash Flow

Operating Cash Flow

$209,000

Free Cash Flow

$148,000

Stock-Based Comp.

$40,000

Balance Sheet

Total Assets

$16M

Total Liabilities

$5M

Stockholders' Equity

$11M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$6M	+10.5%
Gross Profit	$3M	$3M	+8.9%
Operating Income	$923,000	$642,000	+43.8%
Net Income	$776,000	$490,000	+58.4%

Revenue Segments

Verification and Certification Service Revenue

$17M100%