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WFCF — Where Food Comes From News Story

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Where Food Comes From Inc's Q1 profit rises on lower expenses

Overview

US food verification provider's Q1 revenue rose slightly yr/yr, driven by certification services

Net income and net income per share for Q1 increased, aided by lower selling, general and administrative expenses

Company repurchased 24,469 shares at a cost of $293,000 during the quarter

Outlook

Company expects to expand RaiseWell Certified program to poultry, eggs, dairy and pork

Result Drivers

CERTIFICATION SERVICES - Co said revenue growth was driven by increased verification and certification service revenue

Company press release: ID:nGNX7dxS

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$5.36 mln
Q1 EPS$0.02
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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