Where Food Comes From
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Where Food Comes From's past years’ income statements indicate that its last revenue has increased compared to the previous period by 1% to $25,135,000. The net income raised on $2,152,000 and profit margin reached 9%. Total operating expenses were $7,825,000.

Profit Margin

Where Food Comes From, Inc. (NASDAQ:WFCF): Profit margin
2014 8.76M 229.09K 2.61%
2015 10.39M 533.91K 5.14%
2016 11.61M 433.17K 3.73%
2017 15.44M 142.31K 0.92%
2018 17.80M 800.73K 4.5%
2019 20.77M 1.02M 4.92%
2020 20.07M 1.38M 6.9%
2021 21.93M 2.96M 13.5%
2022 24.84M 1.99M 8.03%
2023 25.13M 2.15M 8.56%

WFCF Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue
Revenue
25.13M24.84M21.93M20.07M20.77M17.80M15.44M11.61M10.39M8.76M
Cost of revenue
14.61M14.37M12.19M11.14M11.69M10.05M8.62M6.20M5.54M5.00M
Gross profit
10.52M10.46M9.73M8.92M9.07M7.74M6.82M5.41M4.85M3.76M
Operating exp.
Research and development
00070K250K222K186K43K43K43K
Selling and marketing
0000000000
Total operating expenses
7.82M7.81M7.43M7.24M7.52M6.86M6.73M4.77M4.05M3.41M
Operating income
2.69M1.89M1.50M697K465.24K874.55K82.18K634.49K795.23K344.72K
Other income (expenses), net
368K924K2.11M160K1.01M114.27K12.98K4.13K-815-6.61K
Income before tax
3.06M2.81M3.62M1.84M1.48M983.98K95.16K637.11K794.41K338.11K
Income tax expense
913K822K659K462K460K309.00K266.22K235.54K298.15K140.87K
Net income
2.15M1.99M2.96M1.38M1.02M800.73K142.31K433.17K533.91K229.09K
Earnings per share
Basic EPS
0.390.330.490.220.160.130.040.080.080.04
Diluted EPS
0.390.330.480.220.160.130.040.080.080.04
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