Where Food Comes From, Inc. (WFCF)

Where Food Comes From Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	25.45	25.14	24.85	21.93	20.08	20.77
Revenue Growth (YoY)	6.24%	1.17%	13.28%	9.24%	-3.36%	16.68%
Cost of Revenue	14.74	14.61	14.38	12.2	11.15	11.7
Gross Profit	10.71	10.52	10.47	9.74	8.93	9.08
Selling, General & Admin	7.91	7.83	7.82	7.43	7.24	7.53
Operating Expenses	7.91	7.83	7.82	7.43	7.24	7.53
Operating Income	2.8	2.7	2.65	2.3	1.69	1.55
Interest Expense / Income	0.01	0.01	0	0.01	0.01	0.01
Other Expense / Income	-0.32	-0.37	-0.17	-1.32	-0.17	-0.26
Pretax Income	3.12	3.07	2.82	3.62	1.85	1.81
Income Tax	0.91	0.91	0.82	0.66	0.46	0.46
Net Income	2.21	2.15	1.99	2.96	1.39	1.35
Net Income Growth	36.53%	7.92%	-32.66%	113.79%	2.97%	67.97%
Shares Outstanding (Basic)	5	5	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change	-5.16%	-8.07%	-2.43%	-0.58%	-0.58%	0.15%
EPS (Basic)	0.40	0.39	0.34	0.49	0.23	0.22
EPS (Diluted)	0.40	0.39	0.33	0.48	0.22	0.22
EPS Growth	48.15%	18.18%	-31.25%	118.18%	0%	83.33%
Free Cash Flow	2.88	2.67	2.57	3.02	2.02	2.51
Free Cash Flow Per Share	0.53	0.49	0.43	0.49	0.33	0.40
Dividend Per Share	-	-	-	0.150	-	-
Gross Margin	42.07%	41.86%	42.13%	44.40%	44.47%	43.70%
Operating Margin	11.01%	10.73%	10.67%	10.50%	8.40%	7.47%
Profit Margin	8.68%	8.56%	8.03%	13.50%	6.90%	6.47%
Free Cash Flow Margin	11.33%	10.64%	10.32%	13.76%	10.07%	12.07%
Effective Tax Rate	29.18%	29.79%	29.19%	18.20%	25.01%	25.48%
EBITDA	3.74	3.7	3.58	4.43	2.86	2.91
EBITDA Margin	14.70%	14.74%	14.43%	20.18%	14.23%	14.02%
Depreciation & Amortization	0.62	0.63	0.77	0.8	1	1.1
EBIT	3.12	3.07	2.82	3.63	1.86	1.82
EBIT Margin	12.28%	12.21%	11.35%	16.53%	9.26%	8.74%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).