Where Food Comes From, Inc. (WFCF) Reports Q3 EPS of $0.13

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Where Food Comes From, Inc. Reports 2023 Third Quarter Financial Results

November 9, 2023 8:30 AM EST

CASTLE ROCK, Colo., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Core verification and certification revenue increases but total revenue decreases slightly based on lower hardware sales due primarily to cyclical herd contraction

Third Quarter Highlights 2023 vs. 2022

Verification and certification revenue up 4% to $5.4 million from $5.2 millionProduct sales decline 23% to $1.2 million from $1.6 millionTotal revenue down 4% to $7.0 million from $7.3 millionNet income decreased 8% to $723,000 from $785,000Diluted EPS flat at $0.13Adjusted EBITDA of $1.2 million vs. $1.3 millionCompany buys back $855,000 of its stock in Q3, or... More