Overview

* Where Food Comes From ( WFCF ) Q3 total revenue decreased slightly to $7.0 mln from $7.1 mln

* Net income for Q3 increased to $1.1 mln, aided by asset sale gain

* Company repurchased 60,721 shares in Q3, continuing stock buybacks

Outlook

* Company highlights growth in pork, dairy, and egg verification activities

* Company plans to reinvest capital from asset sales into business

* Company continues to see demand for non-GMO, Gluten Free, Organic certifications

Result Drivers

* VERIFICATION GROWTH - Increased demand for pork, dairy, egg, non-GMO, Gluten Free, Organic, and Upcycled certifications offset declines in beef verification

* COST MANAGEMENT - Stable gross margins attributed to improved efficiencies and cost management despite wage inflation

* ASSET SALE IMPACT - $946,000 gain from Progressive Beef sale contributed to increased net income, supporting reinvestment and share buybacks

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.22

Q3 Net $1.10

Income mln

Q3 Gross $2.70

Profit mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)