WFCF Q2 Earnings Fall Year over Year as Digital Asset Loss Offsets Gains
Where Food Comes From reported Q2 net income fell 26.5% to $413,000 and diluted EPS dropped 27.3% to 8 cents. Verification and certification revenue edged up to $5.389 million, while operating income rose 39.4% to $963,000. For the first six months, net income declined 14.8% and operating cash flow fell 19.5% to $1.460 million as accounts receivable and inventory increased.