See more : Up Young Cornerstone Corp. (6728.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Where Food Comes From, Inc. (WFCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Where Food Comes From, Inc., a leading company in the Software – Application industry within the Technology sector.
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Where Food Comes From, Inc. (WFCF)
About Where Food Comes From, Inc.
Where Food Comes From, Inc., together with its subsidiaries, provides verification and certification solutions for the agriculture, livestock, and food industries in the United States. The company operates through Verification and Certification, and Software Sales and Related Consulting segments. It conducts on-site and desk audits to verify that claims made about livestock, crops, and other food products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education. The company also offers sustainability programs, compliance management, and software-as-a-service; maintenance, support, and software-related consulting services; and web-hosting services, as well as sells hardware. It serves beef and pork packers, organic producers and processors, and specialty retail chains. The company was formerly known as Integrated Management Information, Inc. and changed its name to Where Food Comes From, Inc. in December 2012. Where Food Comes From, Inc. was founded in 1996 and is headquartered in Castle Rock, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25.14M | 24.85M | 21.93M | 20.08M | 20.77M | 17.80M | 15.45M | 11.62M | 10.40M | 8.76M | 5.53M | 5.26M | 4.23M | 3.27M | 2.66M | 2.40M | 2.31M | 1.54M | 957.89K | 451.31K | 32.26M | 57.11M | 62.98M | 71.30M | 63.80M |
| Cost of Revenue | 14.61M | 14.38M | 12.20M | 11.15M | 11.70M | 10.06M | 8.63M | 6.20M | 5.54M | 5.00M | 2.83M | 2.43M | 1.88M | 1.47M | 1.31M | 1.07M | 968.48K | 781.49K | 534.16K | 160.83K | 26.87M | 41.90M | 44.43M | 45.50M | 38.70M |
| Gross Profit | 10.52M | 10.47M | 9.74M | 8.93M | 9.08M | 7.74M | 6.82M | 5.41M | 4.85M | 3.76M | 2.71M | 2.83M | 2.35M | 1.80M | 1.35M | 1.33M | 1.34M | 758.44K | 423.74K | 290.47K | 5.40M | 15.21M | 18.55M | 25.80M | 25.10M |
| Gross Profit Ratio | 41.86% | 42.13% | 44.40% | 44.47% | 43.70% | 43.50% | 44.15% | 46.60% | 46.70% | 42.94% | 48.91% | 53.79% | 55.48% | 54.96% | 50.59% | 55.33% | 58.03% | 49.25% | 44.24% | 64.36% | 16.73% | 26.63% | 29.46% | 36.19% | 39.34% |
| Research & Development | 0.00 | 0.00 | 0.00 | 70.00K | 250.00K | 222.00K | 186.00K | 43.00K | 43.00K | 43.00K | 12.80K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.83M | 7.82M | 7.43M | 7.24M | 7.53M | 6.87M | 6.74M | 4.78M | 4.06M | 3.42M | 2.68M | 2.34M | 1.67M | 1.44M | 1.47M | 1.44M | 2.07M | 2.30M | 1.41M | 238.06K | 7.87M | 8.27M | 13.09M | 14.20M | 12.40M |
| Other Expenses | 0.00 | 5.00K | 2.00K | 7.00K | 9.33K | 14.27K | 14.58K | 4.13K | 770.00 | 3.20K | 1.47K | 4.24K | 0.00 | 0.00 | -4.00K | -357.80K | 0.00 | 0.00 | 0.00 | 0.00 | 2.84M | 2.97M | 5.34M | 5.50M | 3.60M |
| Operating Expenses | 7.83M | 7.82M | 7.43M | 7.24M | 7.53M | 6.87M | 6.74M | 4.78M | 4.06M | 3.42M | 2.68M | 2.34M | 1.67M | 1.44M | 1.46M | 1.08M | 2.07M | 2.30M | 1.41M | 238.06K | 10.70M | 11.25M | 18.43M | 19.70M | 16.00M |
| Cost & Expenses | 22.44M | 22.19M | 19.63M | 18.39M | 19.22M | 16.93M | 15.37M | 10.98M | 9.60M | 8.42M | 5.51M | 4.77M | 3.56M | 2.92M | 2.78M | 2.16M | 3.04M | 3.08M | 1.95M | 398.89K | 37.57M | 53.15M | 62.86M | 65.20M | 54.70M |
| Interest Income | 0.00 | 247.00K | 194.00K | 137.00K | 110.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.07K | 3.17K | 168.00 | 955.34K | 282.60K | 288.72K | 0.00 | 0.00 |
| Interest Expense | 5.00K | 3.00K | 6.00K | 13.00K | 10.06K | 4.84K | 1.59K | 1.52K | 1.59K | 9.82K | 33.59K | 25.93K | 29.54K | 33.39K | 35.51K | 33.10K | 36.44K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 634.00K | 710.00K | 799.00K | 997.00K | 1.10M | 942.42K | 854.18K | 267.65K | 256.27K | 225.64K | 119.70K | 94.11K | 74.88K | 81.77K | 56.39K | 44.62K | 30.11K | 38.98K | 37.45K | 13.23K | -2.84M | -2.98M | -5.34M | -5.50M | -3.60M |
| EBITDA | 3.33M | 3.53M | 3.10M | 2.86M | 2.40M | 1.93M | 950.94K | 906.27K | 1.05M | 573.63K | 133.79K | 601.82K | 744.52K | 442.91K | -61.29K | 295.10K | -693.01K | -1.50M | -952.82K | 65.65K | -2.47M | 6.95M | 2.18M | 7.37M | 12.20M |
| EBITDA Ratio | 13.25% | 10.69% | 10.51% | 8.44% | 7.52% | 4.99% | 0.63% | 5.50% | 10.12% | 3.97% | 2.68% | 11.15% | 17.75% | 13.47% | -2.34% | 12.13% | -30.66% | -97.72% | -99.47% | 14.55% | -7.66% | 12.17% | 8.67% | 16.27% | 19.12% |
| Operating Income | 2.70M | 1.89M | 1.51M | 697.00K | 465.24K | 874.55K | 82.18K | 634.50K | 795.23K | 344.73K | 27.31K | 488.28K | 676.52K | 359.46K | -118.69K | 246.76K | -730.44K | -1.54M | -990.27K | 52.41K | -5.31M | 3.97M | 121.55K | 6.10M | 9.10M |
| Operating Income Ratio | 10.73% | 7.62% | 6.87% | 3.47% | 2.24% | 4.91% | 0.53% | 5.46% | 7.65% | 3.93% | 0.49% | 9.28% | 15.98% | 10.98% | -4.46% | 10.27% | -31.65% | -100.25% | -103.38% | 11.61% | -16.44% | 6.94% | 0.19% | 8.56% | 14.26% |
| Total Other Income/Expenses | 368.00K | 164.00K | 1.32M | 160.00K | -69.40K | 109.43K | 12.99K | 2.61K | -815.00 | -6.61K | -32.12K | -6.59K | -36.42K | -31.70K | -34.50K | -29.37K | -29.12K | -15.23K | -37.70K | -11.91K | 951.90K | 276.87K | -3.04M | -400.00K | -2.20M |
| Income Before Tax | 3.07M | 2.82M | 3.62M | 1.85M | 1.48M | 983.99K | 95.17K | 637.11K | 794.42K | 338.11K | -4.81K | 481.69K | 640.10K | 327.76K | -153.19K | 217.39K | -759.56K | -1.56M | -1.03M | 40.50K | -4.35M | 4.24M | 340.02K | 5.70M | 6.90M |
| Income Before Tax Ratio | 12.19% | 11.33% | 16.51% | 9.20% | 7.14% | 5.53% | 0.62% | 5.49% | 7.64% | 3.86% | -0.09% | 9.16% | 15.12% | 10.01% | -5.76% | 9.05% | -32.91% | -101.24% | -107.32% | 8.97% | -13.49% | 7.43% | 0.54% | 7.99% | 10.82% |
| Income Tax Expense | 913.00K | 822.00K | 659.00K | 462.00K | 460.00K | 309.01K | 266.23K | 235.55K | 298.15K | 140.88K | -1.78K | -391.48K | -224.35K | 33.39K | 35.51K | 67.73K | 29.12K | 0.00 | 0.00 | 0.00 | -1.33M | 1.38M | 849.38K | 2.50M | 3.00M |
| Net Income | 2.15M | 1.99M | 2.96M | 1.39M | 1.02M | 800.74K | 142.31K | 433.17K | 533.92K | 229.10K | -33.56K | 870.36K | 864.45K | 327.76K | -153.19K | 149.66K | -759.56K | -1.56M | -1.03M | 40.50K | -3.02M | 2.45M | -509.37K | 3.20M | 3.90M |
| Net Income Ratio | 8.56% | 8.03% | 13.50% | 6.90% | 4.92% | 4.50% | 0.92% | 3.73% | 5.14% | 2.61% | -0.61% | 16.54% | 20.42% | 10.01% | -5.76% | 6.23% | -32.91% | -101.24% | -107.32% | 8.97% | -9.37% | 4.30% | -0.81% | 4.49% | 6.11% |
| EPS | 0.39 | 0.33 | 0.49 | 0.22 | 0.16 | 0.13 | 0.04 | 0.08 | 0.08 | 0.04 | -0.01 | 0.16 | 0.16 | 0.08 | -0.03 | 0.04 | -0.16 | -0.33 | -0.18 | 0.01 | -0.99 | 0.76 | -0.16 | 0.24 | 1.52 |
| EPS Diluted | 0.39 | 0.33 | 0.48 | 0.22 | 0.16 | 0.13 | 0.04 | 0.08 | 0.08 | 0.04 | -0.01 | 0.16 | 0.16 | 0.08 | -0.03 | 0.04 | -0.16 | -0.33 | -0.18 | 0.01 | -0.99 | 0.76 | -0.16 | 0.24 | 1.52 |
| Weighted Avg Shares Out | 5.49M | 5.96M | 6.10M | 6.16M | 6.21M | 6.21M | 6.17M | 5.95M | 5.95M | 5.79M | 5.47M | 5.24M | 5.17M | 5.21M | 5.22M | 5.16M | 4.88M | 4.72M | 5.83M | 4.12M | 3.07M | 3.20M | 3.20M | 13.31M | 2.57M |
| Weighted Avg Shares Out (Dil) | 5.55M | 6.04M | 6.19M | 6.22M | 6.26M | 6.25M | 6.21M | 5.99M | 5.99M | 5.85M | 5.47M | 5.42M | 5.25M | 5.22M | 5.22M | 5.17M | 4.88M | 4.72M | 5.83M | 4.12M | 3.07M | 3.20M | 3.20M | 13.31M | 2.57M |
Where Food Comes From, Inc. (WFCF) Q2 2023 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q2 2023 Earnings Conference Call August 10, 2023 12:00 PM ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Leann Saunders - President Dannette Henning - Chief Financial...
Where Food Comes From, Inc. Reports 2023 Second Quarter Financial Results
Second Quarter Highlights – 2023 vs. 2022 Revenue increased 15% to $6.1 million from $5.3 million Net income increased 140% to $532,000 from $222,000 Diluted EPS of $0.09 vs.
Where Food Comes From, Inc. Schedules Second Quarter Earnings Call
CASTLE ROCK, Colo., Aug. 07, 2023 (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 it will release its 2023 second...
Where Food Comes From, Inc. (WFCF) Q1 2023 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q1 2023 Earnings Conference Call May 15, 2023 ET Company Participants Jay Pfeiffer - Manager, Investor Relations John Saunders - Co-Founder, Chief Executive Officer & Chairman Conference Call Participants Operator Hello, and welcome...
Where Food Comes From, Inc. (WFCF) Q4 2022 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q4 2022 Earnings Conference Call February 23, 2023 12:00 PM ET Company Participants Jay Pfeiffer - Investor Relations John Saunders - Chief Executive Officer Conference Call Participants Chris Brown - Private Investor Operator...
Where Food Comes From, Inc. Schedules Earnings Call for 2022 Fourth Quarter and Full Year Financial Results
CASTLE ROCK, Colo., Feb. 17, 2023 (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 it will release its 2022 fourth...
Where Food Comes From, Inc. (WFCF) Q3 2022 Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q3 2022 Results Conference Call November 14, 2022 12:00 PM ET Company Participants Jay Pfeiffer - Manager, IR John Saunders - CEO Dannette Henning - CFO Conference Call Participants Edward Reily - EF...
Where Food Comes From's (WFCF) CEO John Saunders on Q2 2022 Results - Earnings Call Transcript
Where Food Comes From, Inc. (NASDAQ:WFCF ) Q2 2022 Earnings Conference Call August 11, 2022 12:00 PM ET Company Participants Jay Pfeiffer - Manager, IR John Saunders - CEO Leann Saunders - President Dannette Henning - CFO Conference Call Participants...
Where Food Comes From, Inc. Schedules 2022 Second Quarter Conference Call
CASTLE ROCK, Colo., Aug. 05, 2022 (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 it will release its 2022 second...
Where Food Comes From: Stable Organic Growth Of Organic Certifications
WFCF provides a variety of certifications for all types of farms, mostly USDA organic accreditation. Partnerships with farms year after year leads to stable revenue growth.
Source: https://incomestatements.info
Category: Stock Reports