earnings
confidence high
sentiment neutral
materiality 0.60
Where Food Comes From Q2 revenue up 16% to $5.1M; adjusted EBITDA down 32% to $0.5M
Where Food Comes From, Inc.
2021-Q2 EPS reported
$0.22
revenue$9,581,000
- Q2 net income $0.2M ($0.03 diluted EPS) vs $0.4M ($0.06) prior year; gross margin fell to 39.1% from 47.6%.
- Verification & certification revenue up 19% to $3.7M; product revenue up 21% to $1.0M; software revenue flat at $0.5M.
- Six-month revenue up 15% to $9.6M; net income $1.4M (incl. $1.0M PPP forgiveness) vs $0.11M prior year. Adjusted EBITDA $0.9M vs $0.7M.
- Company up-listed to Nasdaq in April; working capital $4.9M, cash $5.3M; special dividend of $0.15/share returned ~$914k.