Food-tech company Where Food Comes From gains on strong results

Where Food Comes From

12/05/2022 18:33

** Shares in food-tech firm  WFCF.O  rise 2.9% to $10.21
    ** WFCF says Q1 revenue rose 39% to $6.2 mln, driven by
higher demand for its verification and certification services
 urn:newsml:reuters.com:*:nGNX18lLL5
    ** Income from operations increased sixfold to $0.6 mln,
helped by flat sales and general and administrative expenses -
WFCF 
    ** WFCF also says it bought back 33,550 shares during Q1
    ** Shares are down nearly 30% this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))