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

Where Food Comes From, Inc.

Where Food Comes From, Inc.

WFCF

0.00


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$5.36 mln

Q1 EPS

$0.02


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