earnings
confidence high
sentiment positive
materiality 0.65
WFCF Q2 revenue $5.3M (+4% YoY), EPS $0.04; six-month revenue $11.5M (+20%)
Where Food Comes From, Inc.
2022-Q2 EPS reported
$0.12
revenue$11,487,000
- Q2 revenue $5.3M (+4% YoY); net income $222K (+10%); diluted EPS $0.04 vs $0.03; adjusted EBITDA $570K (+7%).
- H1 revenue $11.5M (+20%); adjusted EBITDA $1.5M (+66%); net income $0.7M vs $1.4M (prior year had $1M PPP forgiveness).
- Verification/certification revenue up 7% in Q2; product revenue down 9% due to drought; software consulting flat.
- Bought back 60,500 shares in Q2 (94,050 YTD); cash from ops $2.3M (+40%); cash balance $6.4M at June 30.