Where Food Comes From, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 12:57 pm EDT
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Where Food Comes From, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 6.13 million compared to USD 5.33 million a year ago. Net income was USD 0.532 million compared to USD 0.222 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
For the six months, revenue was USD 11.39 million compared to USD 11.49 million a year ago. Net income was USD 0.653 million compared to USD 0.719 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.12 a year ago.
Where Food Comes From, Inc. provides a trusted resource for third-party verification of food production practices in North America. The Company supports approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants with a variety of value-added services. The Companyâs segments include Verification and Certification and Professional Services. The Verification and Certification Segment offer a range of products and services to maintain identification, traceability, and verification systems. It conducts both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural products are accurate. The Professional services include a range of professional consulting, data analysis, reporting and technology solutions that support its verification business and generate incremental revenue specific to the food and agricultural industry.
WHERE FOOD COMES FROM, INC. 
