Where Food Comes From, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 12:23 pm EDT
Share
Where Food Comes From, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 5.27 million compared to USD 6.16 million a year ago. Net income was USD 0.121 million compared to USD 0.497 million a year ago.
Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.08 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.