Where Food Comes From Q2 revenue up 15%, net income up 140% to $532K

Where Food Comes From, Inc.

2023-Q2 EPS reported $0.11 revenue$11,393,000

Revenue $6.1M (+15% YoY); net income $532K (+140%); diluted EPS $0.09 vs $0.04.
Adjusted EBITDA $917K (+61% from $570K).
Verification & certification services revenue $4.8M (+21% from $4.0M).
Bought back $836K of stock (61K shares at avg $13.70) in Q2.
Named exclusive third-party verifier for Bee Friendly Farming Certification in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Where Food Comes From, Inc. reported financial results for second quarter and six-month period ended June 30, 2023.

Period: second quarter and six-month period ended June 30, 2023
Result: reported results

Exact text from the filing

Reference is made to the Where Food Comes From, Inc. (the “Company”) press release on August 10, 2023 and conference call transcript, attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated by reference herein (including, without limitation, the information set forth in the cautionary statement contained in the press release and conference call transcript), relating to the Company’s financial results for the three and six month period ended June 30, 2023.

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Source: SEC EDGAR

accession 0001493152-23-028317

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