How did WFCF's EPS perform in Q4 2024?
4/12/2025 04:26pm
Where Food Comes From Inc (WFCF) reported a decline in its diluted earnings per share (EPS) in Q4 2024 compared to the same period in the previous year. Specifically:
1. **Q4 2023 EPS**: The EPS for Q4 2023 was $0.13.
2. **Q4 2024 EPS**: In Q4 2024, the EPS dropped to $0.09.
3. **Comparison**: This represents a decrease in EPS of $0.04 from Q4 2023 to Q4 2024.
The decline in EPS was due to increased selling, general, and administrative expenses, which rose by 13% because of higher marketing, personnel, and travel costs. Despite the EPS decline, the company continued to show resilience and growth, with a 1% increase in total revenue to $7.1 million and a 9% increase in verification and certification revenue for the nine-month period ending September 30, 2024.