WFCF Q4 revenue $5.8M (+5% YoY); FY net income $3.0M ($0.48 EPS) up 114%

Where Food Comes From, Inc.

2021-FY EPS reported $0.48 revenue$21,932,000

Q4 revenue $5.8M (+5% YoY); net income $0.7M ($0.12 EPS) vs $0.5M ($0.09) in Q4 2020.
FY revenue $21.9M (+9%); net income $3.0M ($0.48 EPS) up 114% including $1.0M PPP forgiveness.
Verification & certification revenue $16.1M (+13%) for FY; product revenue down 22% in Q4 due to supply chain issues.
Q4 gross margin 50.6% vs 44.2%; adjusted EBITDA $1.3M (+28%).
Cash $5.4M (+24%); operating cash flow $3.0M in 2021.

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