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Stock impact report

Where Food Comes From, Inc. Reports 2019 First Quarter Financial Results

Where Food Comes From, Inc. (WFCF) 
Company Research Source: GlobeNewswire
CASTLE ROCK, Colo., May 14, 2019 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (OTCQB: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced financial results for its first quarter ended March 31, 2019. “Although Q1 is our seasonally slowest quarter of the year, we generated 9% overall revenue growth that included year-over-year gains in all four revenue segments,” said John Saunders, Chairman and CEO. “Product sales increased by 81% in the quarter, reflecting growing momentum around traceability that sets us up for recurring revenue as those cattle move through the system over the next few years. We’re also pleased with the momentum in our SureHarvest software businesses, which combined for 7% growth year over year. “Our profit metrics came under pressure in the first quarter due to the timing of large marketing and auditor training initiatives that we didn’t experience in the Show less Read more
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