Where Food Comes From Inc Down 2.29% To $13.69 After Earnings

Where Food Comes From Inc (WFCF) said before open Monday that it broke even in quarter one 2023.

In the same quarter a year ago, the company earned $0.08 per share on revenue of $6.2 million.

The stock is down 2.29% to $13.69 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Where Food Comes From Inc has performed a little above average during the past few months. Before the report, Where Food Comes From Inc received a Long-Term Technical Rank by InvestorsObserver of 58, putting it in the top half of stocks. The firm set a 52-week high on December 19, 2022 at $15.7 and set a 52-week low on September 23, 2022 at $8.51.

Where Food Comes From Inc is a third-party food verification company. It offers food production audits and uses verification processes to ensure that claims made by food producers and processors are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations and restaurants with a wide variety of value-added services provided through its family of verifiers, including IMI Global, International Certification Services, Validus Verification Services, and others. The company operates in two segments that are verification and certification and Software Sales and Related Consulting.