Where Food Comes From reports Q3 EPS 9c vs 13c last year

Reports Q3 revenue $7.107M vs $7.011M last year. “We continue to grow our top line and generate solid profitability despite headwinds impacting our core beef verification business,” said John Saunders, chairman and CEO. “While growth rates for beef verification and related tag revenue have slowed due to cyclical herd contraction, our other service offerings have more than compensated as consumer demand for verifications across multiple food groups and claims continues to rise. On a year-to-date basis, total revenue increased 4% to $19.1 million, and we posted solid net income of $1.2 million, or $0.21 per diluted share. We generated $2.8 million in cash from operations through nine months, up 6% year-over-year, and continued to allocate cash to our stock buyback program. We retired 66,620 shares of common stock in the third quarter, raising to 216,039 the total number of shares we have repurchased in 2024.”