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Stock impact report

Where Food Comes From, Inc. Reports 2024 First Quarter Financial Results

Where Food Comes From, Inc. (WFCF) 
Company Research Source: GlobeNewswire
First Quarter Highlights – 2024 vs. 2023 Verification and certification revenue up 17% to $4.4 million from $3.8 million Product sales lower at $0.7 million vs. $1.0 million Total revenue increased to $5.6 million from $5.3 million Net income increased 47% to $178,000 from $121,000 Diluted EPS increased to $0.03 from $0.02 Adjusted EBITDA up 8% to $432,000 from $399,000 Company bought back 116,072 shares of its common stock in Q1 at cost of $1.5 million CASTLE ROCK, Colo., May 02, 2024 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced financial results for its first quarter ended March 31, 2024. “Despite the lingering impact of drought conditions resulting in smaller herd sizes, we reported solid first quarter results, highlighted by 17% growth in core verification revenue and 47% growth in net income year Show less Read more
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