Where Food Comes From Inc
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Penke I guess you are interested in Where Food Comes From Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Where Food Comes From Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Where Food Comes From Inc (30 sec.)

What can you expect buying and holding a share of Where Food Comes From Inc? (30 sec.)

How much money do you get?

$0.01

When do you have the money?

1 year

How often do you get paid?

30.0%

What is your share worth?

Current worth

$1.93

Expected worth in 1 year

$1.75

How sure are you?

65.0%

+ What do you gain per year?

Total Gains per Share

$-0.17

Return On Investment

-1.5%

For what price can you sell your share?

Current Price per Share

$11.90

Expected price per share

$8.51 - $13.90

How sure are you?

50%

1. Valuation of Where Food Comes From Inc (5 min.)

Live pricePrice per Share (EOD)

$11.90

Book Value per Share

$1.93

Intrinsic Value Per Share

$1.23 - $4.11

Total Value Per Share

$3.16 - $6.04

My calculation of the intrinsic value of Where Food Comes From Inc is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.06) 3Y: ($0.11) TTM: ($0.12)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.00) TTM: ($0.02)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.21	$0.43	$0.21 - $0.45
2	$0.40	$0.86	$0.20 - $0.45
3	$0.56	$1.29	$0.19 - $0.46
4	$0.70	$1.71	$0.17 - $0.47
5	$0.83	$2.12	$0.16 - $0.48
6	$0.94	$2.53	$0.15 - $0.49
7	$1.03	$2.93	$0.13 - $0.49
8	$1.11	$3.33	$0.12 - $0.50
9	$1.17	$3.72	$0.10 - $0.51
10	$1.23	$4.11	$0.09 - $0.52

2. Growth of Where Food Comes From Inc (5 min.)

Is Where Food Comes From Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$10.8m	$13.2m	-$2.1m	-19.5%

How much money is Where Food Comes From Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$538k	$498.5k	$39.5k	7.3%
Net Profit Margin	8.2%	7.8%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Where Food Comes From Inc (5 min.)

What can you expect buying and holding a share of Where Food Comes From Inc? (5 min.)

Welcome investor! Where Food Comes From Inc's management wants to use your money to grow the business. In return you get a share of Where Food Comes From Inc.

What can you expect buying and holding a share of Where Food Comes From Inc?

First you should know what it really means to hold a share of Where Food Comes From Inc. And how you can make/lose money.

Speculation

The Price per Share of Where Food Comes From Inc is $11.90. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Where Food Comes From Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Where Food Comes From Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.93. Based on the TTM, the Book Value Change Per Share is $-0.05 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.03 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Where Food Comes From Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.14	1.2%	0.10	0.8%	0.08	0.7%	0.08	0.7%	0.05	0.4%
Usd Book Value Change Per Share	-0.01	-0.1%	-0.05	-0.4%	-0.03	-0.2%	0.01	0.1%	0.03	0.3%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.04	0.3%	0.02	0.2%
Usd Total Gains Per Share	-0.01	-0.1%	-0.04	-0.4%	-0.03	-0.2%	0.05	0.4%	0.05	0.4%
Usd Price Per Share	13.55	-	13.68	-	11.46	-	9.20	-	5.80	-
Price to Earnings Ratio	24.43	-	62.25	-	42.49	-	32.25	-	28.99	-
Price-to-Total Gains Ratio	-1,219.31	-	56.07	-	-116.23	-	6.60	-	5.17	-
Price to Book Ratio	7.01	-	7.03	-	5.24	-	4.46	-	3.21	-
Price-to-Total Gains Ratio	-1,219.31	-	56.07	-	-116.23	-	6.60	-	5.17	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	11.9
Number of shares	84

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.04
Usd Book Value Change Per Share	-0.05	0.01
Usd Total Gains Per Share	-0.04	0.05
Gains per Quarter (84 shares)	-3.65	4.10
Gains per Year (84 shares)	-14.60	16.39

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	1	-16	-25	13	4	6
2	2	-31	-40	25	7	22
3	3	-47	-55	38	11	38
4	4	-62	-70	51	15	54
5	5	-78	-85	63	19	70
6	6	-94	-100	76	22	86
7	7	-109	-115	89	26	102
8	8	-125	-130	101	30	118
9	9	-140	-145	114	33	134
10	10	-156	-160	127	37	150

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	62.0	28.0	0.0	68.9%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	6.0	6.0	0.0	50.0%	12.0	8.0	0.0	60.0%	25.0	14.0	1.0	62.5%	56.0	33.0	1.0	62.2%
Dividend per Share	3.0	0.0	1.0	75.0%	9.0	0.0	3.0	75.0%	10.0	0.0	10.0	50.0%	12.0	0.0	28.0	30.0%	12.0	0.0	78.0	13.3%
Total Gains per Share	1.0	3.0	0.0	25.0%	6.0	6.0	0.0	50.0%	12.0	8.0	0.0	60.0%	26.0	14.0	0.0	65.0%	57.0	33.0	0.0	63.3%

Fundamentals of Where Food Comes From Inc

About Where Food Comes From Inc

https://wherefoodcomesfrom.com
89
202 6th Street, Castle Rock, CO, United States, 80104
Google Maps Bing Maps

Where Food Comes From, Inc., together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education. It also offers professional services and technology solutions; verification solutions; and consulting services, as well as sells hardware. The company serves beef and pork packers, organic producers and processors, and specialty retail chains. The company was formerly known as Integrated Management Information, Inc. and changed its name to Where Food Comes From, Inc. in December 2012. Where Food Comes From, Inc. was founded in 1996 and is based in Castle Rock, Colorado.

Fundamental data was last updated by Penke on 2024-04-12 22:06:06.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of Where Food Comes From Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Where Food Comes From Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
A Net Profit Margin of 11.5% means that $0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Where Food Comes From Inc:

The MRQ is 11.5%. The company is making a huge profit. +2
The TTM is 8.2%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	11.5%	TTM	8.2%	+3.3%
TTM	8.2%	YOY	7.8%	+0.4%
TTM	8.2%	5Y	8.3%	-0.1%
5Y	8.3%	10Y	5.4%	+2.8%

Measures how much net profit Where Food Comes From Inc earns for each $1 of revenue.

Revenue is the amount of profit Where Food Comes From Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Where Food Comes From Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be used to compare companies within the Software - Application industry.

You typically want a high profit margin. This means that for each $1 in sales, Where Food Comes From Inc makes more profit. This shows the investor how efficiently Where Food Comes From Inc is operating in general and compared to other companies in the same industry. Where Food Comes From Inc operates in the Software - Application industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Where Food Comes From Inc. If profit margins remain low (compared to the Software - Application industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Where Food Comes From Inc is 0.12. This means that Where Food Comes From Inc earned $0.12 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Where Food Comes From Inc with other companies in the same industry (Software - Application).
Net profit margin should rise over the years.
Can be influenced when Where Food Comes From Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Where Food Comes From Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Where Food Comes From Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Where Food Comes From Inc = 776
Total revenue MRQ Where Food Comes From Inc = 6,731
$776 / $6,731 = 0.12 or 11.5%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Where Food Comes From Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
4.8% Return on Assets means that Where Food Comes From Inc generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Where Food Comes From Inc:

The MRQ is 4.8%. Using its assets, the company is less efficient in making profit.
The TTM is 3.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	4.8%	TTM	3.1%	+1.6%
TTM	3.1%	YOY	2.5%	+0.7%
TTM	3.1%	5Y	2.6%	+0.6%
5Y	2.6%	10Y	1.7%	+0.9%

Shows how efficient Where Food Comes From Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Where Food Comes From Inc is using its resources to generate profit. If the return on assets (4.8%) from Where Food Comes From Inc are higher than the Software - Application mean () that means Where Food Comes From Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Where Food Comes From Inc is 4.8%. This means the company generated $0.05 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Where Food Comes From Inc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Where Food Comes From Inc = 776
Total assets MRQ (balance sheet) from Where Food Comes From Inc = 16,286
776 / 16,286 = 0.05 or 4.8%

ROA is an important ratio as it will tell you how effectively Where Food Comes From Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Where Food Comes From Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
7.2% Return on Equity means Where Food Comes From Inc generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Where Food Comes From Inc:

The MRQ is 7.2%. Using its investors money, the company is less efficient in making profit.
The TTM is 4.9%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	7.2%	TTM	4.9%	+2.3%
TTM	4.9%	YOY	3.8%	+1.1%
TTM	4.9%	5Y	4.0%	+0.9%
5Y	4.0%	10Y	2.5%	+1.4%

Shows how efficient Where Food Comes From Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Software - Application industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Where Food Comes From Inc is 7.2%. This means Where Food Comes From Inc generated $0.07 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if Where Food Comes From Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Where Food Comes From Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Where Food Comes From Inc = 776
Shareholders equity (balance sheet) MRQ Where Food Comes From Inc = 10,819
776 / 10,819 = 0.07 or 7.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Where Food Comes From Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Where Food Comes From Inc is operating .

Measures how much profit Where Food Comes From Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
An Operating Margin of 14.0% means the company generated $0.14 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Where Food Comes From Inc:

The MRQ is 14.0%. The company is operating less efficient.
The TTM is 9.7%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	14.0%	TTM	9.7%	+4.3%
TTM	9.7%	YOY	9.6%	+0.1%
TTM	9.7%	5Y	6.2%	+3.5%
5Y	6.2%	10Y	4.6%	+1.6%

Measures how efficient Where Food Comes From Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Where Food Comes From Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Where Food Comes From Inc is 14.0%. This means that Where Food Comes From Inc earned $0.14 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Where Food Comes From Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Where Food Comes From Inc = 923
Total revenue MRQ Where Food Comes From Inc = 6,731
$923 / $6,731 = 0.14 or 14.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Where Food Comes From Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Software - Application industry mean).
An Operation Ratio of 0.86 means that the operating costs are $0.86 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Where Food Comes From Inc:

The MRQ is 0.863. The company is less efficient in keeping operating costs low.
The TTM is 0.897. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.863	TTM	0.897	-0.034
TTM	0.897	YOY	0.897	+0.000
TTM	0.897	5Y	0.913	-0.016
5Y	0.913	10Y	0.956	-0.043

Measures how efficient Where Food Comes From Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Where Food Comes From Inc is 86.3%. This means that Where Food Comes From Inc earned $0.86 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Where Food Comes From Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(3,724 +2,084) \ 6,731 = 0.86

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Where Food Comes From Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Where Food Comes From Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Software - Application industry mean).
A Current Ratio of 2.09 means the company has $2.09 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Where Food Comes From Inc:

The MRQ is 2.086. The company is able to pay all its short-term debts. +1
The TTM is 2.015. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.086	TTM	2.015	+0.070
TTM	2.015	YOY	2.387	-0.372
TTM	2.015	5Y	2.181	-0.166
5Y	2.181	10Y	2.950	-0.769

Measures if Where Food Comes From Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Software - Application industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Where Food Comes From Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Where Food Comes From Inc is 2.09. This means Where Food Comes From Inc has $2.09 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Where Food Comes From Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
6,213 \ 2,979) = 2.09

The current ratio measures if Where Food Comes From Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Where Food Comes From Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Where Food Comes From Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Where Food Comes From Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Where Food Comes From Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
A Quick Ratio of 1.60 means the company can pay off $1.60 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Where Food Comes From Inc:

The MRQ is 1.601. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.559. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.601	TTM	1.559	+0.042
TTM	1.559	YOY	2.009	-0.450
TTM	1.559	5Y	1.940	-0.381
5Y	1.940	10Y	2.744	-0.804

Measures if Where Food Comes From Inc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Where Food Comes From Inc can pay off its short term debts. This shows if Where Food Comes From Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Where Food Comes From Inc is 1.60. This means that Where Food Comes From Inc can pay off $1.60 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Where Food Comes From Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Where Food Comes From Inc: (2,641 + 0 +2,128) / 2,979 = 1.60

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Where Food Comes From Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Where Food Comes From Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Where Food Comes From Inc to Software - Application industry mean.
A Debt to Asset Ratio of 0.34 means that Where Food Comes From Inc assets are financed with 33.6% credit (debt) and the remaining percentage (100% - 33.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Where Food Comes From Inc:

The MRQ is 0.336. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.356. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.336	TTM	0.356	-0.020
TTM	0.356	YOY	0.344	+0.013
TTM	0.356	5Y	0.362	-0.006
5Y	0.362	10Y	0.305	+0.056

Measures how much % of Where Food Comes From Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Where Food Comes From Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Where Food Comes From Inc to Software - Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Where Food Comes From Inc is 0.34. This means means that Where Food Comes From Inc is financed with 33.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Where Food Comes From Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Where Food Comes From Inc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
5,467 \ 16,286 = 33.6% or 0.34.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Where Food Comes From Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Where Food Comes From Inc to the Software - Application industry mean.
A Debt to Equity ratio of 50.5% means that company has $0.51 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Where Food Comes From Inc:

The MRQ is 0.505. The company is very able to pay all its debts with equity. +2
The TTM is 0.554. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.505	TTM	0.554	-0.049
TTM	0.554	YOY	0.526	+0.028
TTM	0.554	5Y	0.572	-0.017
5Y	0.572	10Y	0.456	+0.115

Measures if Where Food Comes From Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Where Food Comes From Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Where Food Comes From Inc is 0.51. This means that Where Food Comes From Inc can pay off $0.51 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Where Food Comes From Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
5,467 \ 10,819 = 0.51 or 50.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Where Food Comes From Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Where Food Comes From Inc generates.

Above 15 is considered overpriced but always compare Where Food Comes From Inc to the Software - Application industry mean.
A PE ratio of 24.43 means the investor is paying $24.43 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Where Food Comes From Inc:

The EOD is 21.458. Based on the earnings, the company is fair priced.
The MRQ is 24.434. Based on the earnings, the company is fair priced.
The TTM is 62.252. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	21.458	MRQ	24.434	-2.976
MRQ	24.434	TTM	62.252	-37.818
TTM	62.252	YOY	42.487	+19.765
TTM	62.252	5Y	32.248	+30.004
5Y	32.248	10Y	28.991	+3.257

Measures how much money you pay for each share for every $1 in earnings Where Food Comes From Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Where Food Comes From Inc to the Software - Application industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Where Food Comes From Inc is 24.43. This means the investor is paying $24.43 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software - Application industry is .
What is the trend?
The trend is important because it shows you how Where Food Comes From Inc is performing over time. The most recent quarter might be important if Where Food Comes From Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Where Food Comes From Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Where Food Comes From Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 5,597 = EPS
PE ratio MRQ = 24.43

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Where Food Comes From Inc:

The EOD is 112.507. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is 128.114. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 52.522. Based on how much money comes from the company's main activities, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	112.507	MRQ	128.114	-15.606
MRQ	128.114	TTM	52.522	+75.591
TTM	52.522	YOY	0.413	+52.109
TTM	52.522	5Y	0.566	+51.957
5Y	0.566	10Y	-12.393	+12.958

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Where Food Comes From Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Software - Application industry mean).
A PB ratio of 7.01 means the investor is paying $7.01 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Where Food Comes From Inc:

The EOD is 6.156. Based on the equity, the company is overpriced. -1
The MRQ is 7.010. Based on the equity, the company is overpriced. -1
The TTM is 7.027. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	6.156	MRQ	7.010	-0.854
MRQ	7.010	TTM	7.027	-0.017
TTM	7.027	YOY	5.235	+1.792
TTM	7.027	5Y	4.459	+2.568
5Y	4.459	10Y	3.211	+1.248

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Where Food Comes From Inc.

3.1. Institutions holding Where Food Comes From Inc

Institutions are holding 19.591% of the shares of Where Food Comes From Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	2.8492	0.0001	156260	45868	41.5501
2023-12-31	Advisor Group Holdings, Inc.	1.2096	0.0016	66338	-66338	-50
2023-12-31	Bard Associates Inc	0.8232	0.2323	45150	1535	3.5194
2023-12-31	Aristides Capital LLC	0.5084	0.138	27881	0	0
2023-12-31	Geode Capital Management, LLC	0.35	0	19195	0	0
2023-12-31	Rogco LP	0.3066	0.0996	16813	0	0
2023-12-31	Perritt Capital Management Inc.	0.2553	0.1061	14000	0	0
2023-12-31	Northern Trust Corp	0.1916	0	10508	10508	0
2023-12-31	BlackRock Inc	0.1116	0	6119	-68	-1.0991
2023-12-31	Planning Capital Management Corp	0.0228	0.0132	1250	1250	0
2023-12-31	Advisory Services Network, LLC	0.0144	0.0003	788	788	0
2023-09-30	Adirondack Trust Co	0.0128	0.0049	700	0	0
2023-12-31	Royal Bank of Canada	0.0019	0	106	68	178.9474
2023-12-31	Wells Fargo & Co	0.0004	0	23	1	4.5455
2023-12-31	JPMorgan Chase & Co	0.0001	0	3	0	0
2023-12-31	UBS Group AG	0	0	1	1	0
2023-12-31	Bank of America Corp	0	0	1	1	0
2023-09-30	Adirondack Retirement Specialists, INC.	0	0	0	-100	-100
2023-09-30	Reynders McVeigh Capital Management, LLC	0	0	0	-12250	-100
2023-12-31	Cary Street Partners Investment Advisory LLC	0	0	0	-400	-100
Total		6.6579	0.5961	365136	-19136	-5.2%

3.2. Funds holding Where Food Comes From Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.426	0.0001	133053	0	0
2024-02-29	Didner & Gerge Small & Microcap	0.6032	0.4138	33084	-6380	-16.1666
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.3887	0.0003	21320	0	0
2023-12-31	Perritt MicroCap Opportunities Investor	0.2553	0.3492	14000	0	0
2024-01-31	Fidelity Extended Market Index	0.2531	0.0005	13882	0	0
2023-09-30	RMCM Global Sustainable Balanced Equity	0.1413	0.0115	7750	0	0
2024-02-29	iShares Micro-Cap ETF	0.0943	0.0071	5171	0	0
2023-12-31	Northern Trust Extended Eq Market Idx	0.0497	0.0006	2727	0	0
2023-12-31	NT Ext Equity Mkt Idx Fd - L	0.0497	0.0006	2727	0	0
2024-01-31	Fidelity Nasdaq Composite Index	0.0452	0.0002	2480	0	0
2024-02-29	Vanguard U.S. Eq Idx £ Acc	0.0344	0.0001	1887	0	0
2024-01-31	Fidelity Series Total Market Index	0.0264	0	1446	176	13.8583
2024-02-29	Schwab Total Stock Market Index	0.0194	0.0001	1066	0	0
2024-01-31	Spartan Total Market Index Pool E	0.013	0	714	0	0
2024-01-31	Spartan Extended Market Index Pool E	0.0122	0.0004	669	0	0
2024-01-31	1290 VT Micro Cap K	0.0056	0.003	305	-149	-32.8194
2024-02-29	State St US Ttl Mkt Indx SL Cl I	0.0055	0.0001	300	0	0
2023-12-31	Northern Small Cap Core K	0.005	0.0008	275	0	0
2023-12-31	NT US Market Cap Idx Fd - L	0.0049	0.0001	270	0	0
2023-12-31	Northern Trust Wilshire 5000	0.0049	0.0001	270	0	0
Total		4.4378	0.7886	243396	-6353	-2.6%

3.3. Insider Transactions

Insiders are holding 48.156% of the shares of Where Food Comes From Inc.

Date	Owner	Type	Amount	Price
2024-02-20	Pete Lapaseotes	BUY	500	12.9
2024-01-05	Dannette Henning	BUY	750	7.4
2023-12-14	Pete Lapaseotes	BUY	1438	12.75
2023-05-30	Dannette Henning	BUY	625	6

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Where Food Comes From Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.015	-0.046	+220%	-0.028	+91%	0.011	-231%	0.030	-148%
Book Value Per Share	-	-	1.933	1.947	-1%	2.194	-12%	2.006	-4%	1.663	+16%
Current Ratio	-	-	2.086	2.015	+3%	2.387	-13%	2.181	-4%	2.950	-29%
Debt To Asset Ratio	-	-	0.336	0.356	-6%	0.344	-2%	0.362	-7%	0.305	+10%
Debt To Equity Ratio	-	-	0.505	0.554	-9%	0.526	-4%	0.572	-12%	0.456	+11%
Dividend Per Share	-	-	0.003	0.003	+14%	0.001	+178%	0.038	-91%	0.020	-83%
Eps	-	-	0.139	0.095	+46%	0.083	+68%	0.081	+70%	0.049	+180%
Free Cash Flow Per Share	-	-	0.026	0.117	-77%	0.097	-73%	0.102	-74%	0.057	-53%
Free Cash Flow To Equity Per Share	-	-	-0.156	-0.054	-65%	-0.046	-71%	0.018	-965%	0.017	-1018%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	4.110	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	1.229	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.434	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.210	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	1.288	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	0.560	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	2.120	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	0.828	-	-	-	-	-	-	-	-
Market Cap	65264598.000	-16%	75843267.900	77918451.975	-3%	69084347.500	+10%	55302271.962	+37%	34864994.165	+118%
Net Profit Margin	-	-	0.115	0.082	+40%	0.078	+48%	0.083	+39%	0.054	+112%
Operating Margin	-	-	0.140	0.097	+44%	0.096	+46%	0.062	+126%	0.046	+206%
Operating Ratio	-	-	0.863	0.897	-4%	0.897	-4%	0.913	-5%	0.956	-10%
Pb Ratio	6.156	-14%	7.010	7.027	0%	5.235	+34%	4.459	+57%	3.211	+118%
Pe Ratio	21.458	-14%	24.434	62.252	-61%	42.487	-42%	32.248	-24%	28.991	-16%
Price Per Share	11.900	-14%	13.551	13.678	-1%	11.458	+18%	9.204	+47%	5.801	+134%
Price To Free Cash Flow Ratio	112.507	-14%	128.114	52.522	+144%	0.413	+30885%	0.566	+22551%	-12.393	+110%
Price To Total Gains Ratio	-1070.774	+12%	-1219.306	56.070	-2275%	-116.228	-90%	6.601	-18571%	5.166	-23703%
Quick Ratio	-	-	1.601	1.559	+3%	2.009	-20%	1.940	-17%	2.744	-42%
Return On Assets	-	-	0.048	0.031	+52%	0.025	+93%	0.026	+86%	0.017	+179%
Return On Equity	-	-	0.072	0.049	+47%	0.038	+90%	0.040	+80%	0.025	+182%
Total Gains Per Share	-	-	-0.011	-0.043	+291%	-0.026	+138%	0.049	-123%	0.050	-122%
Usd Book Value	-	-	10819000.000	11090750.000	-2%	13251750.000	-18%	12194369.850	-11%	10097842.575	+7%
Usd Book Value Change Per Share	-	-	-0.015	-0.046	+220%	-0.028	+91%	0.011	-231%	0.030	-148%
Usd Book Value Per Share	-	-	1.933	1.947	-1%	2.194	-12%	2.006	-4%	1.663	+16%
Usd Dividend Per Share	-	-	0.003	0.003	+14%	0.001	+178%	0.038	-91%	0.020	-83%
Usd Eps	-	-	0.139	0.095	+46%	0.083	+68%	0.081	+70%	0.049	+180%
Usd Free Cash Flow	-	-	148000.000	668500.000	-78%	596750.000	-75%	618086.550	-76%	342693.525	-57%
Usd Free Cash Flow Per Share	-	-	0.026	0.117	-77%	0.097	-73%	0.102	-74%	0.057	-53%
Usd Free Cash Flow To Equity Per Share	-	-	-0.156	-0.054	-65%	-0.046	-71%	0.018	-965%	0.017	-1018%
Usd Market Cap	65264598.000	-16%	75843267.900	77918451.975	-3%	69084347.500	+10%	55302271.962	+37%	34864994.165	+118%
Usd Price Per Share	11.900	-14%	13.551	13.678	-1%	11.458	+18%	9.204	+47%	5.801	+134%
Usd Profit	-	-	776000.000	538000.000	+44%	498500.000	+56%	491858.250	+58%	290382.275	+167%
Usd Revenue	-	-	6731000.000	6283750.000	+7%	6211250.000	+8%	5638120.800	+19%	4423029.725	+52%
Usd Total Gains Per Share	-	-	-0.011	-0.043	+291%	-0.026	+138%	0.049	-123%	0.050	-122%
	EOD	+5 -3	MRQ	TTM	+22 -13	YOY	+21 -14	5Y	+15 -20	10Y	+16 -19

4.2. Fundamental Score

Let's check the fundamental score of Where Food Comes From Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	21.458
Price to Book Ratio (EOD)	Between	0-1	6.156
Net Profit Margin (MRQ)	Greater than	0	0.115
Operating Margin (MRQ)	Greater than	0	0.140
Quick Ratio (MRQ)	Greater than	1	1.601
Current Ratio (MRQ)	Greater than	1	2.086
Debt to Asset Ratio (MRQ)	Less than	1	0.336
Debt to Equity Ratio (MRQ)	Less than	1	0.505
Return on Equity (MRQ)	Greater than	0.15	0.072
Return on Assets (MRQ)	Greater than	0.05	0.048
Total			6/10 (60.0%)

Create your own Stock Scanner

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4.3. Technical Score

Let's check the technical score of Where Food Comes From Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	54.189
Ma 20	Greater than	Ma 50	11.178
Ma 50	Greater than	Ma 100	12.002
Ma 100	Greater than	Ma 200	12.783
Open	Greater than	Close	11.900
Total			1/5 (20.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Debt		-1,236	900	-336	-97	-433	-491	-924	1,083	159

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	16,286
Total Liabilities	5,467
Total Stockholder Equity	10,819

	As reported
Total Liabilities	5,467
Total Stockholder Equity	+ 10,819
Total Assets	= 16,286

Assets

Total Assets	16,286
Total Current Assets	6,213
Long-term Assets	10,073

Total Current Assets

Total Current Assets (as reported)	6,213
Cash And Cash Equivalents	2,641
Net Receivables	2,128
Inventory	1,109
Other Current Assets	335
Total Current Assets (calculated)	6,213
+/-	0

Long-term Assets

Long-term Assets (as reported)	10,073
Property Plant Equipment	3,090
Goodwill	2,946
Long Term Investments	1,191
Intangible Assets	2,330
Long-term Assets Other	23
Long-term Assets (calculated)	9,580
+/-	493

Liabilities & Shareholders' Equity

Total Current Liabilities	2,979
Long-term Liabilities	2,488
Total Stockholder Equity	10,819

Total Current Liabilities

Total Current Liabilities (as reported)	2,979
Short-term Debt	312
Accounts payable	567
Other Current Liabilities	574
Total Current Liabilities (calculated)	1,453
+/-	1,526

Long-term Liabilities

Long-term Liabilities (as reported)	2,488
Capital Lease Obligations Min Short Term Debt	2,488
Long-term Liabilities (calculated)	2,488
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	10,819
Common Stock	7
Retained Earnings	9,741
Other Stockholders Equity	1,071
Total Stockholder Equity (calculated)	10,819
+/-	0

Other

Capital Stock	7
Cash and Short Term Investments	2,641
Common Stock Shares Outstanding	5,597
Current Deferred Revenue	1,526
Liabilities and Stockholders Equity	16,286
Net Debt	159
Net Invested Capital	10,819
Net Working Capital	3,234
Property Plant and Equipment Gross	5,290
Short Long Term Debt Total	2,800

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

> Total Assets

43,600
46,100
38,400
39,500
39,255
40,075
40,105
40,766
41,391
45,984
50,983
40,999
38,102
37,929
36,365
34,991
34,553
34,187
0
0
0
1,927
1,284
935
744
1,003
964
819
1,000
928
889
1,014
776
740
610
643
764
619
622
678
838
899
918
1,359
1,679
1,807
2,897
3,119
3,328
3,364
3,408
3,513
5,595
5,814
5,595
5,878
7,816
7,933
8,086
8,386
9,694
8,476
8,873
8,963
9,443
12,881
13,489
13,685
14,852
13,341
13,341
14,039
15,503
14,464
18,550
18,765
19,538
18,237
17,993
19,279
20,261
19,448
19,688
20,262
20,515
19,784
20,354
20,912
21,332
18,296
17,302
17,674
17,688
16,286

16,286

17,688

17,674

17,302

18,296

21,332

20,912

20,354

19,784

20,515

20,262

19,688

19,448

20,261

19,279

17,993

18,237

19,538

18,765

18,550

14,464

15,503

14,039

13,341

14,852

13,685

13,489

12,881

9,443

8,963

8,873

8,476

9,694

8,386

8,086

7,933

7,816

5,878

5,595

5,814

5,595

3,513

3,408

3,364

3,328

3,119

2,897

1,807

1,679

1,359

918

899

838

678

622

619

764

643

610

740

776

1,014

889

928

1,000

819

964

1,003

744

935

1,284

1,927

34,187

34,553

34,991

36,365

37,929

38,102

40,999

50,983

45,984

41,391

40,766

40,105

40,075

39,255

39,500

38,400

46,100

43,600

> Total Current Assets

16,100
19,100
12,300
12,800
12,441
13,089
13,090
13,170
13,535
18,623
23,711
31,598
29,185
29,689
28,772
28,045
28,398
28,610
0
0
0
936
725
379
191
456
418
274
502
427
379
504
712
660
485
531
629
485
471
528
696
770
805
1,265
1,602
1,740
1,734
1,863
2,125
2,104
2,165
2,268
2,021
2,085
1,761
1,974
4,166
4,107
4,354
4,839
5,447
5,046
5,556
5,733
5,850
4,771
5,569
5,695
6,843
5,593
5,593
6,032
5,611
4,373
5,133
5,848
6,856
5,861
5,484
6,899
8,127
7,474
7,835
8,659
9,124
8,684
9,489
10,045
10,738
7,891
6,923
7,524
7,719
6,213

6,213

7,719

7,524

6,923

7,891

10,738

10,045

9,489

8,684

9,124

8,659

7,835

7,474

8,127

6,899

5,484

5,861

6,856

5,848

5,133

4,373

5,611

6,032

5,593

6,843

5,695

5,569

4,771

5,850

5,733

5,556

5,046

5,447

4,839

4,354

4,107

4,166

1,974

1,761

2,085

2,021

2,268

2,165

2,104

2,125

1,863

1,734

1,740

1,602

1,265

805

770

696

528

471

485

629

531

485

660

712

504

379

427

502

274

418

456

191

379

725

936

28,610

28,398

28,045

28,772

29,689

29,185

31,598

23,711

18,623

13,535

13,170

13,090

13,089

12,441

12,800

12,300

19,100

16,100

Cash And Cash Equivalents

7,800
10,200
3,400
4,700
4,347
4,472
5,207
5,192
5,599
7,997
8,420
20,096
17,984
21,167
14,383
13,110
18,156
18,930
0
0
0
685
555
233
17
231
205
86
223
171
25
64
102
154
31
129
245
214
251
299
488
513
476
916
1,217
969
782
907
1,350
1,403
1,506
1,490
1,038
1,068
877
1,029
2,639
2,583
3,011
3,480
3,985
3,781
4,348
4,288
4,245
2,490
3,247
3,088
3,810
2,706
2,706
3,061
2,244
1,482
2,452
2,600
3,420
2,638
2,964
4,517
4,625
4,374
4,996
5,297
5,642
5,414
6,093
6,408
6,006
4,368
3,400
3,410
3,813
2,641

2,641

3,813

3,410

3,400

4,368

6,006

6,408

6,093

5,414

5,642

5,297

4,996

4,374

4,625

4,517

2,964

2,638

3,420

2,600

2,452

1,482

2,244

3,061

2,706

3,810

3,088

3,247

2,490

4,245

4,288

4,348

3,781

3,985

3,480

3,011

2,583

2,639

1,029

877

1,068

1,038

1,490

1,506

1,403

1,350

907

782

969

1,217

916

476

513

488

299

251

214

245

129

154

102

171

223

205

231

233

555

685

18,930

18,156

13,110

14,383

21,167

17,984

20,096

8,420

7,997

5,599

5,192

5,207

4,472

4,347

4,700

3,400

10,200

7,800

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
284
298
292
20
0
0
0
0
0
0
0
250
250
251
0
0
0
0
0
0
733
733
740
741
743
743
749
496
246
247
256
257
258
259
261
262
991
0
0
0
0
0
0
0
0
0
0
0
0

991

262

261

259

258

257

256

247

246

496

749

743

741

740

733

251

250

292

298

284

Net Receivables

5,900
7,600
7,400
6,500
6,713
3,899
6,300
6,405
6,447
9,473
13,990
10,618
9,593
6,462
11,826
12,568
7,348
7,091
0
0
0
241
146
123
136
178
176
139
227
194
298
405
539
459
416
378
375
205
158
180
193
222
302
331
373
227
371
395
469
377
330
438
621
684
571
744
955
980
767
975
1,084
1,110
1,030
1,237
1,424
1,345
1,284
1,473
1,911
1,899
1,899
1,979
2,563
2,205
2,006
2,632
2,973
2,515
1,972
1,770
2,523
2,508
1,866
1,991
2,328
2,178
2,200
1,963
2,851
2,172
2,065
2,205
2,291
2,128

2,128

2,291

2,205

2,065

2,172

2,851

1,963

2,200

2,178

2,328

1,991

1,866

2,508

2,523

1,770

1,972

2,515

2,973

2,632

2,006

2,205

2,563

1,979

1,899

1,911

1,473

1,284

1,345

1,424

1,237

1,030

1,110

1,084

975

767

980

955

744

571

684

621

438

330

377

469

395

371

227

373

331

302

222

193

180

158

205

375

378

416

459

539

405

298

194

227

139

176

178

136

123

146

241

7,091

7,348

12,568

11,826

6,462

9,593

10,618

13,990

9,473

6,447

6,405

6,300

3,899

6,713

6,500

7,400

7,600

5,900

Other Current Assets

2,400
1,300
1,500
1,600
1,382
4,718
1,582
1,573
1,488
1,153
1,302
884
539
1,105
1,675
1,474
2,230
2,063
0
0
0
0
18
16
9
33
23
26
31
43
35
20
57
33
33
24
9
66
62
50
15
35
26
18
11
261
283
268
287
323
329
341
363
334
313
202
572
545
577
384
379
155
178
207
181
204
305
393
381
245
245
242
307
439
429
360
206
450
289
351
717
592
973
486
284
325
381
797
1,007
463
488
713
495
335

335

495

713

488

463

1,007

797

381

325

284

486

973

592

717

351

289

450

206

360

429

439

307

242

245

381

393

305

204

181

207

178

155

379

384

577

545

572

202

313

334

363

341

329

323

287

268

283

261

2,063

2,230

1,474

1,675

1,105

539

884

1,302

1,153

1,488

1,573

1,582

4,718

1,382

1,600

1,500

1,300

2,400

> Long-term Assets

27,500
27,000
26,100
26,700
26,813
26,985
27,016
27,595
27,857
27,361
27,272
9,402
8,917
8,240
7,594
6,947
6,154
5,577
0
0
0
991
559
555
554
546
545
545
498
501
510
511
65
79
125
112
135
135
151
150
142
129
113
94
77
67
1,162
1,256
1,203
1,261
1,244
1,245
3,574
3,729
3,834
3,904
3,650
3,826
3,731
3,547
3,384
3,429
3,317
3,230
3,593
8,110
7,920
7,990
8,009
0
7,748
8,007
9,893
10,091
13,416
12,917
12,682
12,376
12,509
12,380
12,134
11,974
11,853
11,603
11,391
11,100
10,865
10,867
10,594
10,405
10,379
10,150
9,969
10,073

10,073

9,969

10,150

10,379

10,405

10,594

10,867

10,865

11,100

11,391

11,603

11,853

11,974

12,134

12,380

12,509

12,376

12,682

12,917

13,416

10,091

9,893

8,007

7,748

8,009

7,990

7,920

8,110

3,593

3,230

3,317

3,429

3,384

3,547

3,731

3,826

3,650

3,904

3,834

3,729

3,574

1,245

1,244

1,261

1,203

1,256

1,162

113

129

142

150

151

135

112

125

511

510

501

498

545

546

554

555

559

991

5,577

6,154

6,947

7,594

8,240

8,917

9,402

27,272

27,361

27,857

27,595

27,016

26,985

26,813

26,700

26,100

27,000

27,500

Property Plant Equipment

8,300
7,700
7,500
7,200
7,441
7,918
8,333
9,117
9,799
10,102
10,373
3,943
3,583
3,135
2,751
2,278
1,859
1,489
0
0
0
34
32
31
34
32
36
40
48
54
68
71
63
78
124
111
135
134
142
132
126
115
100
82
67
57
126
117
117
147
140
151
142
253
245
255
245
232
211
203
180
158
134
166
669
1,229
1,170
1,091
1,123
1,068
1,068
1,514
1,789
1,675
5,125
5,008
4,901
4,814
4,779
4,836
4,742
4,646
4,649
4,460
4,328
4,118
3,954
3,855
3,688
3,605
3,459
3,320
3,227
3,090

3,090

3,227

3,320

3,459

3,605

3,688

3,855

3,954

4,118

4,328

4,460

4,649

4,646

4,742

4,836

4,779

4,814

4,901

5,008

5,125

1,675

1,789

1,514

1,068

1,123

1,091

1,170

1,229

669

166

134

158

180

203

211

232

245

255

245

253

142

151

140

147

117

126

100

115

126

132

142

134

135

111

124

1,489

1,859

2,278

2,751

3,135

3,583

3,943

10,373

10,102

9,799

9,117

8,333

7,918

7,441

7,200

7,500

7,700

8,300

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
418
418
418
418
418
418
418
418
418
418
418
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
378
533
533
533
1,280
1,280
1,280
1,280
1,280
1,280
1,280
1,280
1,280
1,280
1,280
1,280
1,280
2,652
2,652
2,652
2,652
2,652
2,652
2,625
3,213
3,144
3,144
3,144
3,144
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946
2,946

2,946

3,144

3,213

2,625

2,652

1,280

533

378

418

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
991
1,244
1,245
991
991
991
991
991
991
991
991
991
991
991
991
991
991
991
1,191
1,191
1,191
1,191

1,191

991

1,245

1,244

991

Intangible Assets

16,600
16,400
16,200
16,300
16,031
15,805
15,578
15,352
15,126
14,899
14,673
2,250
2,250
2,250
2,250
2,250
2,250
2,250
0
0
0
68
59
56
51
47
41
37
32
28
24
21
1
1
1
1
1
1
9
18
16
15
13
12
11
9
741
715
331
304
294
284
1,875
1,716
1,751
1,720
1,688
1,953
1,863
1,824
1,824
1,747
1,708
1,669
1,630
4,228
4,085
4,201
4,063
3,935
3,949
3,741
3,863
3,852
3,698
3,548
3,377
3,248
3,410
3,258
3,091
2,948
2,858
2,766
2,650
2,581
2,466
2,554
2,446
2,340
2,257
2,154
2,077
2,330

2,330

2,077

2,154

2,257

2,340

2,446

2,554

2,466

2,581

2,650

2,766

2,858

2,948

3,091

3,258

3,410

3,248

3,377

3,548

3,698

3,852

3,863

3,741

3,949

3,935

4,063

4,201

4,085

4,228

1,630

1,669

1,708

1,747

1,824

1,863

1,953

1,688

1,720

1,751

1,716

1,875

284

294

304

331

715

741

2,250

14,673

14,899

15,126

15,352

15,578

15,805

16,031

16,300

16,200

16,400

16,600

Long-term Assets Other

2,600
2,900
2,400
3,200
3,341
3,263
3,104
3,127
2,932
2,360
2,226
2,779
2,651
2,448
2,188
1,940
1,772
1,577
0
0
0
472
50
50
50
50
50
50
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
63
191
134
34
0
33
22
480
368
16
16
50
50
64
-39
14
14
14
14
14
14
14
14
14
14
14
14
20
20
20
20
20
21
28
14
21
13
23
25
23
25
24
24
2,340
2,543
25
20
23

2,543

2,340

-39

368

480

134

191

472

1,577

1,772

1,940

2,188

2,448

2,651

2,779

2,226

2,360

2,932

3,127

3,104

3,263

3,341

3,200

2,400

2,900

2,600

> Total Liabilities

12,700
13,400
5,900
6,600
6,290
6,996
7,200
7,653
8,081
9,141
12,315
6,590
4,619
5,135
4,344
3,592
4,081
3,429
0
0
0
687
645
594
773
732
713
763
1,031
1,025
1,046
1,128
614
572
594
562
613
582
545
533
583
547
502
666
805
643
994
875
941
795
858
879
1,695
1,746
1,817
1,924
1,888
1,723
1,763
1,876
2,068
1,741
1,279
1,221
1,535
3,454
3,918
3,886
4,735
3,670
3,670
4,105
4,741
3,698
7,966
7,942
8,256
6,288
6,412
7,431
7,923
6,984
6,420
6,954
7,192
6,035
6,479
7,424
8,165
5,819
5,919
6,532
6,669
5,467

5,467

6,669

6,532

5,919

5,819

8,165

7,424

6,479

6,035

7,192

6,954

6,420

6,984

7,923

7,431

6,412

6,288

8,256

7,942

7,966

3,698

4,741

4,105

3,670

4,735

3,886

3,918

3,454

1,535

1,221

1,279

1,741

2,068

1,876

1,763

1,723

1,888

1,924

1,817

1,746

1,695

879

858

795

941

875

994

643

805

666

502

547

583

533

545

582

613

562

594

572

614

1,128

1,046

1,025

1,031

763

713

732

773

594

645

687

3,429

4,081

3,592

4,344

5,135

4,619

6,590

12,315

9,141

8,081

7,653

7,200

6,996

6,290

6,600

5,900

13,400

12,700

> Total Current Liabilities

6,100
5,500
5,000
5,700
5,366
6,277
6,539
6,850
7,303
8,284
11,269
6,590
4,619
5,135
4,344
3,592
4,081
3,429
0
0
0
337
295
244
423
382
363
413
731
725
746
828
314
272
267
187
250
221
196
186
249
215
193
238
383
217
550
491
561
389
460
488
507
551
706
825
909
727
850
989
1,153
795
1,272
1,199
1,324
1,342
1,954
2,080
2,910
1,881
1,881
2,356
2,780
1,703
2,851
2,941
3,352
2,741
2,933
3,455
4,190
3,124
3,205
3,801
4,120
2,996
3,521
4,493
5,321
3,037
3,205
3,891
4,103
2,979

2,979

4,103

3,891

3,205

3,037

5,321

4,493

3,521

2,996

4,120

3,801

3,205

3,124

4,190

3,455

2,933

2,741

3,352

2,941

2,851

1,703

2,780

2,356

1,881

2,910

2,080

1,954

1,342

1,324

1,199

1,272

795

1,153

989

850

727

909

825

706

551

507

488

460

389

561

491

550

217

383

238

193

215

249

186

196

221

250

187

267

272

314

828

746

725

731

413

363

382

423

244

295

337

3,429

4,081

3,592

4,344

5,135

4,619

6,590

11,269

8,284

7,303

6,850

6,539

6,277

5,366

5,700

5,000

5,500

6,100

Short-term Debt

1,900
1,000
500
500
423
1,044
309
220
141
61
77
0
0
0
0
0
0
0
0
0
0
100
81
72
72
157
157
157
420
420
422
444
0
0
8
8
8
8
12
11
10
9
9
36
36
26
36
31
28
28
28
28
29
29
29
30
12
12
12
12
12
12
13
12
4
4
4
4
16
9
17
17
21
21
228
227
252
248
256
729
910
744
287
308
314
326
326
342
345
350
350
336
323
312

312

323

336

350

345

342

326

314

308

287

744

910

729

256

248

252

227

228

444

422

420

157

100

141

220

309

1,044

423

500

1,000

1,900

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
4
18
9
9
10
10
10
10
10
10
11
0
0
465
641
463
0
0
0
0
0
0
0
0
0
0
0
0

463

641

465

Accounts payable

1,000
600
800
1,000
1,210
1,947
1,887
2,371
2,571
1,927
1,865
1,273
909
618
675
626
590
665
0
0
0
179
174
148
291
206
196
211
273
259
289
319
271
219
189
126
203
161
144
151
222
172
158
180
291
148
205
170
246
135
150
175
249
278
285
392
541
401
316
442
581
418
359
420
472
334
375
429
719
457
457
540
736
534
692
742
1,015
1,023
681
780
953
649
675
722
896
447
594
721
950
640
667
713
722
567

567

722

713

667

640

950

721

594

447

896

722

675

649

953

780

681

1,023

1,015

742

692

534

736

540

457

719

429

375

334

472

420

359

418

581

442

316

401

541

392

285

278

249

175

150

135

246

170

205

148

291

180

158

172

222

151

144

161

203

126

189

219

271

319

289

259

273

211

196

206

291

148

174

179

665

590

626

675

618

909

1,273

1,865

1,927

2,571

2,371

1,887

1,947

1,210

1,000

800

600

1,000

Other Current Liabilities

3,200
3,900
3,700
4,200
3,733
3,285
4,343
4,260
746
3,893
6,203
5,317
3,709
4,517
3,668
2,966
3,491
2,764
0
0
0
11
20
16
45
8
8
15
19
40
35
65
43
53
70
53
38
51
40
24
16
34
26
22
56
43
104
76
126
59
43
42
54
56
47
54
74
66
89
117
274
93
179
197
352
480
423
581
1,326
1,152
555
664
1,046
420
568
830
1,020
674
583
740
1,086
599
908
1,118
1,245
710
1,223
1,516
2,273
769
932
951
1,254
574

574

1,254

951

932

769

2,273

1,516

1,223

710

1,245

1,118

908

599

1,086

740

583

674

1,020

830

568

420

1,046

664

555

1,152

1,326

581

423

480

352

197

179

274

117

126

104

2,764

3,491

2,966

3,668

4,517

3,709

5,317

6,203

3,893

746

4,260

4,343

3,285

3,733

4,200

3,700

3,900

3,200

> Long-term Liabilities

5,900
7,100
300
200
255
61
0
0
0
0
162
0
0
0
0
0
0
0
0
0
0
350
350
350
350
350
350
350
300
300
300
300
300
300
327
375
363
361
349
346
334
332
309
428
422
426
444
384
380
406
398
391
1,188
1,195
1,111
1,100
979
997
912
887
915
947
7
22
211
2,111
1,964
1,806
1,824
0
1,790
1,749
1,961
1,995
5,115
5,001
4,904
3,547
3,479
3,976
3,733
3,860
3,215
3,153
3,072
3,039
2,958
2,931
2,844
2,782
2,714
2,641
2,566
2,488

2,488

2,566

2,641

2,714

2,782

2,844

2,931

2,958

3,039

3,072

3,153

3,215

3,860

3,733

3,976

3,479

3,547

4,904

5,001

5,115

1,995

1,961

1,749

1,790

1,824

1,806

1,964

2,111

211

947

915

887

912

997

979

1,100

1,111

1,195

1,188

391

398

406

380

384

444

426

422

428

309

332

334

346

349

361

363

375

327

300

350

162

255

200

300

7,100

5,900

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
161
158
155
153
150
147
144
142
369
481
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

481

369

142

144

147

150

153

155

158

161

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49
31
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

> Total Stockholder Equity

30,900
32,700
32,500
32,900
32,965
33,078
32,905
33,113
33,310
36,843
38,669
34,410
33,484
32,794
32,022
31,400
30,472
30,759
0
0
0
1,241
639
341
-29
271
251
56
-31
-98
-157
-113
163
167
16
81
152
38
77
145
255
353
416
693
874
1,164
1,620
1,966
2,099
2,282
2,268
2,350
3,609
3,768
3,777
3,954
5,928
6,210
6,323
6,510
6,725
6,734
7,594
7,742
7,908
9,428
9,571
9,800
10,118
9,671
9,671
9,934
10,763
10,766
10,584
10,823
11,282
11,949
11,581
11,848
12,338
12,464
13,268
13,308
13,323
13,749
13,875
13,488
13,167
12,477
11,383
11,142
11,019
10,819

10,819

11,019

11,142

11,383

12,477

13,167

13,488

13,875

13,749

13,323

13,308

13,268

12,464

12,338

11,848

11,581

11,949

11,282

10,823

10,584

10,766

10,763

9,934

9,671

10,118

9,800

9,571

9,428

7,908

7,742

7,594

6,734

6,725

6,510

6,323

6,210

5,928

3,954

3,777

3,768

3,609

2,350

2,268

2,282

2,099

1,966

1,620

1,164

874

693

416

353

255

145

152

167

163

-113

-157

-98

-31

251

271

-29

341

639

1,241

30,759

30,472

31,400

32,022

32,794

33,484

34,410

38,669

36,843

33,310

33,113

32,905

33,078

32,965

32,900

32,500

32,700

30,900

Common Stock

0
100
100
100
128
128
128
128
128
128
128
123
123
123
123
122
122
122
0
0
0
25
26
26
26
27
28
28
28
28
28
28
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
21
22
22
22
22
23
23
23
23
24
24
24
24
24
24
24
24
24
25
25
25
25
25
25
25
25
25
25
25
25
26
26
26
26
6
6
6
6
6
6
6
6
6
6
6
6
7

122

123

128

100

Retained Earnings

4,100
5,900
5,700
5,900
5,728
5,751
5,195
5,439
5,591
9,079
10,860
7,892
6,921
6,190
5,395
4,870
3,942
4,229
0
0
0
-1,028
-1,415
-1,744
-2,145
-2,587
-2,878
-3,087
-3,275
-3,347
-3,407
-3,364
-3,203
-3,197
-3,359
-3,310
-3,239
-3,350
-3,310
-3,244
-3,138
-3,022
-2,945
-2,668
-2,464
-2,158
-1,796
-1,492
-1,428
-1,288
-1,346
-1,291
-1,310
-1,321
-1,455
-1,401
-1,156
-1,092
-1,037
-893
-711
-558
-471
-301
-76
-125
-10
53
343
17
17
230
607
818
675
1,036
1,577
2,163
1,922
2,273
3,003
3,548
4,698
4,900
4,853
5,595
6,092
6,314
7,099
7,589
7,710
8,242
8,965
9,741

9,741

8,965

8,242

7,710

7,589

7,099

6,314

6,092

5,595

4,853

4,900

4,698

3,548

3,003

2,273

1,922

2,163

1,577

1,036

675

818

607

230

343

-10

-125

-76

-301

-471

-558

-711

-893

-1,037

-1,092

-1,156

-1,401

-1,455

-1,321

-1,310

-1,291

-1,346

-1,288

-1,428

-1,492

-1,796

-2,158

-2,464

-2,668

-2,945

-3,022

-3,138

-3,244

-3,310

-3,350

-3,239

-3,310

-3,359

-3,197

-3,203

-3,364

-3,407

-3,347

-3,275

-3,087

-2,878

-2,587

-2,145

-1,744

-1,415

-1,028

4,229

3,942

4,870

5,395

6,190

6,921

7,892

10,860

9,079

5,591

5,439

5,195

5,751

5,728

5,900

5,700

5,900

4,100

Accumulated Other Comprehensive Income

-5,100
-6,100
-6,700
-7,500
-8,373
-9,249
-9,651
-10,403
-10,403
-10,403
-10,403
-9,097
-9,097
-9,097
-9,097
-10,094
-10,094
-10,094
0
0
0
-66
-69
-73
-79
-84
-87
-90
-94
-96
-96
-96
-96
-112
0
0
0
-130
0
0
0
-165
0
0
0
-7
5
-3
0
-499
0
0
0
-530
0
0
0
-570
0
0
0
-641
0
0
0
-665
0
0
0
-978
-978
0
0
-1,344
-1,344
0
0
-1,736
-1,736
0
0
-2,043
0
0
0
0
0
0
0
0
0
0
0
0

-2,043

-1,736

-1,344

-978

-665

-641

-570

-530

-499

-3

-7

-165

-130

-112

-96

-94

-90

-87

-84

-79

-73

-69

-66

-10,094

-9,097

-10,403

-9,651

-9,249

-8,373

-7,500

-6,700

-6,100

-5,100

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,955
0
0
12,076
12,145
12,160
12,223
0
0

12,223

12,160

12,145

12,076

11,955

Treasury Stock

-9,329

-8,493

-7,263

-6,014

-3,807

-865

-764

-724

-565

-552

-547

-525

-358

-256

-192

-178

-151

-121

-111

-109

Other Stockholders Equity

31,900
32,800
33,400
34,400
35,482
36,448
37,233
37,949
37,994
38,039
38,084
35,492
35,537
35,579
35,602
36,502
36,502
36,502
0
0
0
2,309
2,097
2,132
2,169
2,914
3,188
3,205
3,310
3,316
3,317
3,318
3,441
3,455
3,354
3,369
3,370
3,497
3,366
3,368
3,372
3,519
3,340
3,340
3,317
3,307
3,389
3,439
3,504
3,547
3,592
3,619
4,896
5,596
5,209
5,332
7,060
7,848
7,336
7,379
7,413
7,910
8,041
8,019
7,960
10,193
9,556
9,722
9,750
0
10,606
9,679
10,130
11,266
9,883
9,762
9,679
11,496
9,633
9,549
9,309
10,953
8,564
8,402
8,464
8,148
7,777
7,168
6,062
4,882
3,667
2,894
2,048
1,071

1,071

2,048

2,894

3,667

4,882

6,062

7,168

7,777

8,148

8,464

8,402

8,564

10,953

9,309

9,549

9,633

11,496

9,679

9,762

9,883

11,266

10,130

9,679

10,606

9,750

9,722

9,556

10,193

7,960

8,019

8,041

7,910

7,413

7,379

7,336

7,848

7,060

5,332

5,209

5,596

4,896

3,619

3,592

3,547

3,504

3,439

3,389

3,307

3,317

3,340

3,519

3,372

3,368

3,366

3,497

3,370

3,369

3,354

3,455

3,441

3,318

3,317

3,316

3,310

3,205

3,188

2,914

2,169

2,132

2,097

2,309

36,502

35,602

35,579

35,537

35,492

38,084

38,039

37,994

37,949

37,233

36,448

35,482

34,400

33,400

32,800

31,900

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31
Accounts Payable	567	640	447	649	1,023	534	457	334	418	401	278	135	148	172	161	219	259	206	179	13	626	1,273	2,371	1,000	800
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	0	0	0	-2,043	-1,736	-1,344	-978	-665	-641	-570	-530	-499	-7	-165	-130	-112	-96	-84	-66	-52	-10,094	-9,097	-10,403	-7,500	-1,300
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	2,800	3,132	3,365	3,569	3,795	406	180	178	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	7	6	6	6	26	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	12,145	11,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	2,641	4,368	5,414	4,374	2,638	1,482	2,706	2,490	3,781	2,583	1,068	1,403	969	513	214	154	171	231	685	0	13,110	20,096	5,192	4,700	1,900
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,641	4,368	5,414	4,374	2,896	1,728	3,449	3,223	3,781	2,583	1,068	1,403	1,253	513	214	154	171	231	685	0	13,110	20,096	5,192	4,700	1,900
Common Stock	7	6	6	6	26	25	25	25	24	24	23	22	21	21	21	21	28	27	25	0	122	123	128	100	0
Common Stock Shares Outstanding	5,548	6,035	6,185	6,221	6,257	6,247	6,211	5,991	5,994	5,850	5,473	5,420	5,252	5,216	5,217	5,170	4,878	4,721	5,825	4,118	3,068	3,199	3,198	13,313	2,566
Common Stock Total Equity	0	6	6	6	26	25	25	25	24	24	23	22	21	21	21	21	28	27	25	0	122	123	128	100	0
Current Deferred Revenue	1,526	1,278	1,513	1,132	797	728	851	524	272	248	189	167	0	0	0	0	6	11	47	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	49	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	2,946	2,946	2,946	2,946	2,946	3,144	2,652	2,652	1,280	1,280	1,280	533	0	0	0	0	418	418	418	0	0	0	0	0	0
Intangible Assets	2,330	2,340	2,581	2,948	3,248	3,852	3,949	4,228	1,747	1,953	1,716	304	9	15	1	1	28	47	68	0	2,250	2,250	15,352	16,300	14,500
Inventory	1,109	888	767	0	0	0	0	0	0	0	0	0	0	0	0	14	19	14	10	0	893	0	0	0	0
Liabilities And Stockholders Equity	16,286	18,296	19,784	19,448	18,237	14,464	13,341	12,881	8,476	7,933	5,814	3,364	1,807	899	619	740	928	1,003	1,927	159	34,991	40,999	40,766	39,500	39,900
Long Term Debt	0	0	0	572	0	32	42	0	8	22	177	405	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,191	991	991	991	991	1,244	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	159	-1,236	-2,049	230	1,157	-1,034	-2,474	-2,312	-3,759	-2,549	-862	-969	-517	-172	155	146	549	276	-235	173	-13,110	-20,096	-4,972	-4,000	23,300
Net Invested Capital	10,819	12,477	13,749	13,499	11,949	10,808	9,723	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	2,128	2,172	2,178	2,508	2,515	2,205	1,899	1,345	1,110	980	684	377	227	222	205	459	194	178	241	68	12,568	10,618	6,405	6,500	9,400
Net Tangible Assets	0	7,191	8,245	6,591	5,776	3,790	3,084	2,561	3,708	3,028	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	3,234	4,854	5,688	4,350	3,120	2,670	3,712	3,429	4,252	3,381	1,534	1,715	1,523	555	264	388	-298	74	599	-67	24,453	25,008	6,320	7,100	-4,300
Non Current Assets Total	10,073	10,405	11,100	11,974	12,376	10,091	7,748	8,110	3,429	3,826	3,729	1,261	67	129	135	79	501	546	991	35	6,947	9,402	27,595	26,700	26,600
Non Current Liabilities Other	0	2,782	3,039	0	0	362	147	158	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	2,488	2,782	3,039	3,860	3,547	1,995	1,790	2,111	947	997	1,195	406	426	332	361	300	300	350	350	0	0	0	0	200	13,000
Non Currrent Assets Other	23	2,340	23	21	20	20	14	14	14	50	290	34	-224	0	0	0	0	50	472	0	2,418	3,209	3,127	3,200	3,600
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	546	487	464	399	196	93	14	245	412	480	277	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	335	463	325	592	450	439	245	204	155	545	334	323	261	35	66	33	43	33	0	56	1,474	884	1,573	1,600	2,000
Other Current Liab	574	769	710	599	674	420	555	480	93	66	56	59	43	34	51	53	40	8	11	6	2,966	5,317	4,260	4,200	4,600
Other Liab	0	0	0	0	0	481	147	207	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,071	4,882	8,148	8,910	9,760	11,266	10,606	10,193	7,910	7,848	5,596	3,547	3,307	3,519	3,497	3,455	3,316	2,914	2,309	53	36,502	35,492	37,949	34,400	7,200
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	5,290	3,605	4,118	4,646	4,814	1,675	1,068	1,229	158	232	253	147	57	115	134	78	54	32	34	35	2,278	3,943	9,117	7,200	8,500
Property Plant And Equipment Net	3,090	3,605	4,118	4,646	4,814	1,675	1,068	1,229	158	232	253	147	57	115	134	78	54	32	34	35	2,278	3,943	9,117	7,200	8,500
Property Plant Equipment	0	998	4,118	4,646	4,813	1,675	1,068	1,229	158	232	253	146	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	9,741	7,589	5,595	3,548	2,163	818	17	-125	-558	-1,092	-1,321	-1,288	-2,158	-3,022	-3,350	-3,197	-3,347	-2,587	-1,028	-33	4,870	7,892	5,439	5,900	2,800
Retained Earnings Total Equity	0	7,589	5,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	463	0	10	9	0	8	7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,800	3,132	3,365	4,604	3,795	449	232	178	23	34	206	434	452	341	369	300	720	507	450	173	0	0	220	700	25,200
Short Term Debt	312	350	326	744	248	21	17	4	12	12	29	28	26	9	8	0	420	157	100	173	0	0	220	500	12,200
Short Term Investments	0	0	0	991	258	246	743	733	252	250	0	0	284	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	16,286	18,296	19,784	19,448	18,237	14,464	13,341	12,881	8,476	7,933	5,814	3,364	1,807	899	619	740	928	1,003	1,927	159	34,991	40,999	40,766	39,500	39,900
Total Current Assets	6,213	7,891	8,684	7,474	5,861	4,373	5,593	4,771	5,046	4,107	2,085	2,104	1,740	770	485	660	427	456	936	124	28,045	31,598	13,170	12,800	13,300
Total Current Liabilities	2,979	3,037	2,996	3,124	2,741	1,703	1,881	1,342	795	727	551	389	217	215	221	272	725	382	337	191	3,592	6,590	6,850	5,700	17,600
Total Liab	5,467	5,819	6,035	6,984	6,288	3,698	3,670	3,454	1,741	1,723	1,746	795	643	547	582	572	1,025	732	687	191	3,592	6,590	7,653	6,600	31,200
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	10,819	12,477	13,749	12,464	11,949	10,766	9,671	9,428	6,734	6,210	3,768	2,282	1,164	353	38	167	-98	271	1,241	-32	31,400	34,410	33,113	32,900	8,700
Treasury Stock	0	-7,263	-3,807	0	0	0	-724	-525	-178	-151	-151	-121	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31
Accounts Payable	567	722	713	667	640	950	721	594	447	896	722	675	649	953	780	681	1,023	1,015	742	692	534	736	540	457	457	719	429	375	334	472	420	359	418	581	442	316	401	541	392	285	278	249	175	150	135	246	170	205	148	291	180	158	172	222	151	144	161	203	126	189	219	271	319	289	259	273	211	196	206	291	148	174	179	-	-	-	665	590	626	675	618	909	1,273	1,865	1,927	2,571	2,371	1,887	1,947	1,210	1,000	800	600	1,000
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0	0	0	0	0	0	-2,043	0	0	-1,736	-1,736	0	0	-1,344	-1,344	0	0	-978	-978	0	0	0	-665	0	0	0	-641	0	0	0	-570	0	0	0	-530	0	0	0	-499	0	-3	5	-7	0	0	0	-165	0	0	0	-130	0	0	0	-112	-96	-96	-96	-96	-94	-90	-87	-84	-79	-73	-69	-66	-	-	-	-10,094	-10,094	-10,094	-9,097	-9,097	-9,097	-9,097	-10,403	-10,403	-10,403	-10,403	-9,651	-9,249	-8,373	-7,500	-6,700	-6,100	-5,100
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	2,800	2,889	2,977	3,064	3,132	3,189	3,273	3,284	3,365	3,386	3,461	3,502	3,569	3,611	3,675	3,735	3,795	3,853	3,841	3,898	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	7	6	6	6	6	6	6	6	6	6	6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	12,223	12,160	12,145	12,076	0	0	11,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	2,641	3,813	3,410	3,400	4,368	6,006	6,408	6,093	5,414	5,642	5,297	4,996	4,374	4,625	4,517	2,964	2,638	3,420	2,600	2,452	1,482	2,244	3,061	2,706	2,706	3,810	3,088	3,247	2,490	4,245	4,288	4,348	3,781	3,985	3,480	3,011	2,583	2,639	1,029	877	1,068	1,038	1,490	1,506	1,403	1,350	907	782	969	1,217	916	476	513	488	299	251	214	245	129	31	154	102	64	25	171	223	86	205	231	17	233	555	685	-	-	-	18,930	18,156	13,110	14,383	21,167	17,984	20,096	8,420	7,997	5,599	5,192	5,207	4,472	4,347	4,700	3,400	10,200	7,800
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,641	3,813	3,410	3,400	4,368	6,006	6,408	6,093	5,414	5,642	5,297	4,996	4,374	4,887	4,778	3,223	2,896	3,677	2,856	2,699	1,728	2,740	3,810	3,449	0	4,551	3,829	3,981	3,223	4,245	4,288	4,348	3,781	3,985	3,480	3,011	2,583	2,639	1,029	877	1,068	1,038	1,490	1,506	1,403	1,370	1,200	1,080	1,253	1,217	916	476	513	488	299	251	214	245	129	31	154	102	64	25	171	223	86	205	231	17	233	555	685	-	-	-	18,930	18,156	13,110	14,383	21,167	17,984	20,096	8,420	7,997	5,599	5,192	5,207	4,472	4,347	4,700	3,400	10,200	7,800
Common Stock	7	6	6	6	6	6	6	6	6	6	6	6	6	26	26	26	26	25	25	25	25	25	25	25	25	25	25	25	25	24	24	24	24	24	24	24	24	24	23	23	23	23	22	22	22	22	21	21	21	21	21	21	21	21	21	21	21	21	21	21	21	21	28	28	28	28	28	28	27	26	26	26	25	-	-	-	122	122	122	123	123	123	123	128	128	128	128	128	128	128	100	100	100	0
Common Stock Shares Outstanding	5,597	5,658	5,735	5,799	5,889	6,016	6,096	6,150	6,167	6,157	6,186	6,231	6,232	6,224	6,258	6,237	6,231	6,243	6,227	6,239	6,287	6,269	6,224	6,169	6,169	6,222	6,206	6,195	5,993	5,982	6,002	5,976	5,976	5,995	5,994	5,992	5,467	5,953	5,727	5,673	5,673	5,470	5,467	5,360	5,360	5,450	5,387	5,276	5,276	5,210	5,270	5,203	5,203	5,221	5,211	5,216	5,216	5,249	5,239	5,217	5,217	5,343	5,012	4,998	4,998	4,916	4,832	4,763	4,763	4,467	4,938	5,409	5,409	6,777	6,442	6,442	3,062	3,062	3,062	3,069	3,069	3,069	3,069	3,200	3,200	3,200	3,200	3,200	3,200	3,194	3,194	2,500	3,000	2,955
Common Stock Total Equity	0	0	6	6	6	6	0	0	6	0	6	6	6	26	26	26	26	25	25	25	25	25	25	25	25	25	25	25	25	24	24	24	24	24	24	24	24	24	23	23	23	23	22	22	22	22	21	21	21	21	21	21	21	21	21	21	21	21	21	21	21	21	28	28	28	28	28	28	27	26	26	26	25	-	-	-	122	122	122	123	123	123	123	128	128	128	128	128	128	128	100	100	100	0
Current Deferred Revenue	1,526	1,804	1,891	1,256	1,278	1,753	1,914	1,378	1,513	1,665	1,653	1,335	1,132	1,241	1,206	1,413	797	1,065	1,143	1,363	728	977	1,135	851	0	849	1,066	1,152	524	497	570	722	272	286	418	433	248	282	349	344	189	175	243	239	167	162	213	205	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	19	31	2	11	15	7	19	47	-	-	-	0	0	0	0	0	0	0	3,126	2,403	3,846	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31	49	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	2,946	3,144	3,144	3,144	3,144	3,213	2,625	2,652	2,652	2,652	2,652	2,652	2,652	1,280	1,280	1,280	1,280	1,280	1,280	1,280	1,280	1,280	1,280	1,280	1,280	1,280	533	533	533	378	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	418	418	418	418	418	418	418	418	418	418	418	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2,330	2,077	2,154	2,257	2,340	2,446	2,554	2,466	2,581	2,650	2,766	2,858	2,948	3,091	3,258	3,410	3,248	3,377	3,548	3,698	3,852	3,863	3,741	3,949	3,935	4,063	4,201	4,085	4,228	1,630	1,669	1,708	1,747	1,824	1,824	1,863	1,953	1,688	1,720	1,751	1,716	1,875	284	294	304	331	715	741	9	11	12	13	15	16	18	9	1	1	1	1	1	1	21	24	28	32	37	41	47	51	56	59	68	-	-	-	2,250	2,250	2,250	2,250	2,250	2,250	2,250	14,673	14,899	15,126	15,352	15,578	15,805	16,031	16,300	16,200	16,400	16,600
Inventory	1,109	1,120	1,196	970	888	874	877	815	767	870	885	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	14	13	15	20	19	21	22	15	14	28	7	6	10	-	-	-	527	665	893	888	955	1,070	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	16,286	17,688	17,674	17,302	18,296	21,332	20,912	20,354	19,784	20,515	20,262	19,688	19,448	20,261	19,279	17,993	18,237	19,538	18,765	18,550	14,464	15,503	14,039	13,341	13,341	14,852	13,685	13,489	12,881	9,443	8,963	8,873	8,476	9,694	8,386	8,086	7,933	7,816	5,878	5,595	5,814	5,595	3,513	3,408	3,364	3,328	3,119	2,897	1,807	1,679	1,359	918	899	838	678	622	619	764	643	610	740	776	1,014	889	928	1,000	819	964	1,003	744	935	1,284	1,927	-	-	-	34,187	34,553	34,991	36,365	37,929	38,102	40,999	50,983	45,984	41,391	40,766	40,105	40,075	39,255	39,500	38,400	46,100	43,600
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	572	391	565	0	0	25	28	30	32	35	37	40	67	73	14	15	16	17	22	7	10	13	16	19	22	26	159	169	177	183	391	397	405	380	383	438	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,191	1,191	1,191	1,191	991	991	991	991	991	991	991	991	991	991	991	991	991	991	991	1,245	1,244	991	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	159	-924	-433	-336	-1,236	-2,817	-3,135	-2,809	-2,049	-2,256	-1,836	-1,494	230	18	188	771	1,157	468	1,278	1,486	-1,034	-1,783	-2,843	-2,474	-2,654	-3,571	-2,918	-3,073	-2,312	-4,064	-4,254	-4,329	-3,759	-3,960	-3,452	-2,979	-2,549	-2,601	-840	-678	-862	-826	-1,072	-1,079	-969	-1,142	-693	-558	-517	-759	-452	-158	-172	-478	59	110	155	126	255	305	146	198	680	697	549	497	420	302	276	405	189	-124	-235	-	-	-	-18,930	-18,156	-13,110	-14,383	-21,167	-17,984	-20,096	-8,181	-7,936	-5,458	-4,972	-4,898	-3,367	-3,668	-4,000	-2,600	-2,100	0
Net Invested Capital	10,819	11,019	11,142	11,383	12,477	13,167	13,488	13,875	13,749	13,323	13,308	13,268	13,499	13,370	12,878	11,581	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	2,128	2,291	2,205	2,065	2,172	2,851	1,963	2,200	2,178	2,328	1,991	1,866	2,508	2,523	1,770	1,972	2,515	2,973	2,632	2,006	2,205	2,563	1,979	1,899	1,899	1,911	1,473	1,284	1,345	1,424	1,237	1,030	1,110	1,084	975	767	980	955	744	571	684	621	438	330	377	469	395	371	227	373	331	302	222	193	180	158	205	375	378	416	459	539	405	298	194	227	139	176	178	136	123	146	241	-	-	-	7,091	7,348	12,568	11,826	6,462	9,593	10,618	13,990	9,473	6,447	6,405	6,300	3,899	6,713	6,500	7,400	7,600	5,900
Net Tangible Assets	0	0	6,017	6,180	7,191	7,775	8,166	8,463	8,245	7,702	7,619	7,477	6,591	6,301	5,672	5,246	5,776	4,761	4,152	3,763	3,790	3,686	3,568	3,308	3,084	3,402	2,947	2,821	2,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	3,234	3,616	3,633	3,718	4,854	5,417	5,552	5,968	5,688	5,004	4,858	4,630	4,350	3,937	3,444	2,551	3,120	3,504	2,907	2,283	2,670	2,831	3,675	3,712	3,712	3,933	3,615	3,615	3,429	4,526	4,534	4,284	4,252	4,294	3,850	3,504	3,381	3,257	1,150	1,054	1,534	1,515	1,780	1,705	1,715	1,564	1,372	1,184	1,523	1,219	1,027	612	555	447	342	275	264	380	344	218	388	398	-324	-367	-298	-229	-139	55	74	-233	135	430	-	-	-	-	25,181	24,318	24,453	24,428	24,554	24,567	25,008	12,441	10,339	6,231	6,320	6,550	6,812	7,075	7,100	7,300	13,600	10,000
Non Current Assets Total	10,073	9,969	10,150	10,379	10,405	10,594	10,867	10,865	11,100	11,391	11,603	11,853	11,974	12,134	12,380	12,509	12,376	12,682	12,917	13,416	10,091	9,893	8,007	7,748	0	8,009	7,990	7,920	8,110	3,593	3,230	3,317	3,429	3,384	3,547	3,731	3,826	3,650	3,904	3,834	3,729	3,574	1,245	1,244	1,261	1,203	1,256	1,162	67	77	94	113	129	142	150	151	135	135	112	125	79	65	511	510	501	498	545	545	546	554	555	559	991	-	-	-	5,577	6,154	6,947	7,594	8,240	8,917	9,402	27,272	27,361	27,857	27,595	27,016	26,985	26,813	26,700	26,100	27,000	27,500
Non Current Liabilities Other	0	0	2,641	2,714	2,782	2,844	0	0	3,039	0	0	0	0	0	0	0	0	0	0	3,647	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	2,488	2,566	2,641	2,714	2,782	2,844	2,931	2,958	3,039	3,072	3,153	3,215	3,860	3,733	3,976	3,479	3,547	4,904	5,001	5,115	1,995	1,961	1,749	1,790	0	1,824	1,806	1,964	2,111	211	22	7	947	915	887	912	997	979	1,100	1,111	1,195	1,188	391	398	406	380	384	444	426	422	428	309	332	334	346	349	361	363	375	327	300	300	300	300	300	300	350	350	350	350	350	350	350	-	-	-	0	0	0	0	0	0	0	162	0	0	0	0	61	255	200	300	7,100	5,900
Non Currrent Assets Other	23	20	25	2,543	2,340	24	24	25	23	25	23	13	21	14	28	21	20	20	20	20	20	14	14	14	14	14	14	14	14	14	14	14	14	-39	64	50	50	16	16	368	480	22	33	0	34	134	191	63	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	50	50	50	50	50	50	472	-	-	-	1,577	1,772	1,940	2,188	2,448	2,651	2,779	2,226	2,360	2,932	3,127	3,104	3,263	3,341	3,200	2,400	2,900	2,600
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	655	664	546	523	699	508	487	451	463	422	464	364	377	404	398	269	246	224	196	36	128	139	6,680	6,886	6,899	6,750	6,880	2,924	3,064	3,183	3,272	863	3,344	3,521	3,594	3,405	3,649	3,589	3,476	3,432	1,094	1,103	1,114	1,086	1,139	1,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	335	495	713	488	463	1,007	797	381	325	284	486	973	592	717	351	289	450	206	360	429	439	307	242	245	245	381	393	305	204	181	207	178	155	379	384	577	545	572	202	313	334	363	341	329	323	287	268	283	261	11	18	26	35	15	50	62	66	9	24	33	33	57	20	35	43	31	26	23	33	9	16	18	-	-	-	-	2,063	2,230	1,474	1,675	1,105	539	884	1,302	1,153	1,488	1,573	1,582	4,718	1,382	1,600	1,500	1,300	2,400
Other Current Liab	574	1,254	951	932	769	2,273	1,516	1,223	710	1,245	1,118	908	599	1,086	740	583	674	1,020	830	568	420	1,046	664	555	1,152	1,326	581	423	480	352	197	179	93	274	117	89	66	74	54	47	56	54	42	43	59	126	76	104	43	56	22	26	34	16	24	40	51	38	53	70	53	43	65	35	40	19	15	8	8	45	16	20	11	-	-	-	2,764	3,491	2,966	3,668	4,517	3,709	5,317	6,203	3,893	746	4,260	4,343	3,285	3,733	4,200	3,700	3,900	3,200
Other Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	481	369	142	144	147	150	153	155	158	161	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,071	2,048	2,894	3,667	4,882	6,062	7,168	7,777	8,148	8,464	8,402	8,564	10,953	9,309	9,549	9,633	11,496	9,679	9,762	9,883	11,266	10,130	9,679	10,606	0	9,750	9,722	9,556	10,193	7,960	8,019	8,041	7,910	7,413	7,379	7,336	7,848	7,060	5,332	5,209	5,596	4,896	3,619	3,592	3,547	3,504	3,439	3,389	3,307	3,317	3,340	3,340	3,519	3,372	3,368	3,366	3,497	3,370	3,369	3,354	3,455	3,441	3,318	3,317	3,316	3,310	3,205	3,188	2,914	2,169	2,132	2,097	2,309	-	-	-	36,502	36,502	36,502	35,602	35,579	35,537	35,492	38,084	38,039	37,994	37,949	37,233	36,448	35,482	34,400	33,400	32,800	31,900
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	5,290	3,227	3,320	3,459	3,605	3,688	0	0	0	0	4,460	4,649	4,646	4,742	4,836	4,779	4,814	4,901	5,008	5,125	1,675	1,789	1,514	1,068	1,068	1,123	1,091	1,170	1,229	669	166	134	158	180	203	211	232	245	255	245	253	142	151	140	147	117	117	126	57	67	82	100	115	126	132	142	134	135	111	124	78	63	71	68	54	48	40	36	32	34	31	32	34	-	-	-	1,489	1,859	2,278	2,751	3,135	3,583	3,943	10,373	10,102	9,799	9,117	8,333	7,918	7,441	7,200	7,500	7,700	8,300
Property Plant And Equipment Net	3,090	3,227	3,320	3,459	3,605	3,688	3,855	3,954	4,118	4,328	4,460	4,649	4,646	4,742	4,836	4,779	4,814	4,901	5,008	5,125	1,675	1,789	1,514	1,068	0	1,123	1,091	1,170	1,229	669	166	134	158	180	203	211	232	245	255	245	253	142	151	140	147	117	117	126	57	67	82	100	115	126	132	142	134	135	111	124	78	63	71	68	54	48	40	36	32	34	31	32	34	-	-	-	1,489	1,859	2,278	2,751	3,135	3,583	3,943	10,373	10,102	9,799	9,117	8,333	7,918	7,441	7,200	7,500	7,700	8,300
Property Plant Equipment	0	0	860	916	998	3,688	3,855	3,954	4,118	4,328	4,460	4,649	4,646	4,742	4,836	4,779	4,814	4,901	5,008	5,125	1,675	1,789	1,514	1,140	1,068	1,123	1,091	1,170	1,229	669	166	134	158	180	203	211	232	245	255	245	253	142	151	140	146	117	117	126	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	9,741	8,965	8,242	7,710	7,589	7,099	6,314	6,092	5,595	4,853	4,900	4,698	3,548	3,003	2,273	1,922	2,163	1,577	1,036	675	818	607	230	17	17	343	53	-10	-125	-76	-301	-471	-558	-711	-893	-1,037	-1,092	-1,156	-1,401	-1,455	-1,321	-1,310	-1,291	-1,346	-1,288	-1,428	-1,492	-1,796	-2,158	-2,464	-2,668	-2,945	-3,022	-3,138	-3,244	-3,310	-3,350	-3,239	-3,310	-3,359	-3,197	-3,203	-3,364	-3,407	-3,347	-3,275	-3,087	-2,878	-2,587	-2,145	-1,744	-1,415	-1,028	-	-	-	4,229	3,942	4,870	5,395	6,190	6,921	7,892	10,860	9,079	5,591	5,439	5,195	5,751	5,728	5,900	5,700	5,900	4,100
Retained Earnings Total Equity	0	0	8,242	7,710	7,589	7,099	0	0	5,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	463	641	465	0	0	11	10	10	10	10	10	10	9	9	18	4	4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,800	2,889	2,977	3,064	3,132	3,189	3,273	3,284	3,365	3,386	3,461	3,502	4,604	4,643	4,705	3,735	3,795	3,888	3,879	3,938	449	461	218	232	52	239	170	174	178	182	34	20	23	26	29	32	34	37	189	198	206	212	419	426	434	208	215	224	452	458	464	319	341	10	358	361	369	371	383	335	300	300	744	722	720	720	507	507	507	422	422	431	450	-	-	-	0	0	0	0	0	0	0	238	61	141	220	309	1,105	678	700	800	8,100	7,800
Short Term Debt	312	323	336	350	350	345	342	326	326	314	308	287	744	910	729	256	248	252	227	228	21	21	17	17	9	16	4	4	4	4	12	13	12	12	12	12	12	12	30	29	29	29	28	28	28	28	31	36	26	36	36	9	9	10	11	12	8	8	8	8	0	0	444	422	420	420	157	157	157	72	72	81	100	-	-	-	0	0	0	0	0	0	0	77	61	141	220	309	1,044	423	500	500	1,000	1,900
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	991	262	261	259	258	257	256	247	246	496	749	743	743	741	740	733	733	0	0	0	0	0	0	251	250	250	0	0	0	0	0	0	0	20	292	298	284	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	16,286	17,688	17,674	17,302	18,296	21,332	20,912	20,354	19,784	20,515	20,262	19,688	19,448	20,261	19,279	17,993	18,237	19,538	18,765	18,550	14,464	15,503	14,039	13,341	13,341	14,852	13,685	13,489	12,881	9,443	8,963	8,873	8,476	9,694	8,386	8,086	7,933	7,816	5,878	5,595	5,814	5,595	3,513	3,408	3,364	3,328	3,119	2,897	1,807	1,679	1,359	918	899	838	678	622	619	764	643	610	740	776	1,014	889	928	1,000	819	964	1,003	744	935	1,284	1,927	-	-	-	34,187	34,553	34,991	36,365	37,929	38,102	40,999	50,983	45,984	41,391	40,766	40,105	40,075	39,255	39,500	38,400	46,100	43,600
Total Current Assets	6,213	7,719	7,524	6,923	7,891	10,738	10,045	9,489	8,684	9,124	8,659	7,835	7,474	8,127	6,899	5,484	5,861	6,856	5,848	5,133	4,373	5,611	6,032	5,593	5,593	6,843	5,695	5,569	4,771	5,850	5,733	5,556	5,046	5,447	4,839	4,354	4,107	4,166	1,974	1,761	2,085	2,021	2,268	2,165	2,104	2,125	1,863	1,734	1,740	1,602	1,265	805	770	696	528	471	485	629	531	485	660	712	504	379	427	502	274	418	456	191	379	725	936	-	-	-	28,610	28,398	28,045	28,772	29,689	29,185	31,598	23,711	18,623	13,535	13,170	13,090	13,089	12,441	12,800	12,300	19,100	16,100
Total Current Liabilities	2,979	4,103	3,891	3,205	3,037	5,321	4,493	3,521	2,996	4,120	3,801	3,205	3,124	4,190	3,455	2,933	2,741	3,352	2,941	2,851	1,703	2,780	2,356	1,881	1,881	2,910	2,080	1,954	1,342	1,324	1,199	1,272	795	1,153	989	850	727	909	825	706	551	507	488	460	389	561	491	550	217	383	238	193	215	249	186	196	221	250	187	267	272	314	828	746	725	731	413	363	382	423	244	295	337	-	-	-	3,429	4,081	3,592	4,344	5,135	4,619	6,590	11,269	8,284	7,303	6,850	6,539	6,277	5,366	5,700	5,000	5,500	6,100
Total Liab	5,467	6,669	6,532	5,919	5,819	8,165	7,424	6,479	6,035	7,192	6,954	6,420	6,984	7,923	7,431	6,412	6,288	8,256	7,942	7,966	3,698	4,741	4,105	3,670	3,670	4,735	3,886	3,918	3,454	1,535	1,221	1,279	1,741	2,068	1,876	1,763	1,723	1,888	1,924	1,817	1,746	1,695	879	858	795	941	875	994	643	805	666	502	547	583	533	545	582	613	562	594	572	614	1,128	1,046	1,025	1,031	763	713	732	773	594	645	687	-	-	-	3,429	4,081	3,592	4,344	5,135	4,619	6,590	12,315	9,141	8,081	7,653	7,200	6,996	6,290	6,600	5,900	13,400	12,700
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	10,819	11,019	11,142	11,383	12,477	13,167	13,488	13,875	13,749	13,323	13,308	13,268	12,464	12,338	11,848	11,581	11,949	11,282	10,823	10,584	10,766	10,763	9,934	9,671	9,671	10,118	9,800	9,571	9,428	7,908	7,742	7,594	6,734	6,725	6,510	6,323	6,210	5,928	3,954	3,777	3,768	3,609	2,350	2,268	2,282	2,099	1,966	1,620	1,164	874	693	416	353	255	145	77	38	152	81	16	167	163	-113	-157	-98	-31	56	251	271	-29	341	639	1,241	-	-	-	30,759	30,472	31,400	32,022	32,794	33,484	34,410	38,669	36,843	33,310	33,113	32,905	33,078	32,965	32,900	32,500	32,700	30,900
Treasury Stock	0	0	-9,329	-8,493	-7,263	-6,014	0	0	-3,807	0	0	0	0	0	0	0	0	0	0	0	0	-865	-865	-764	-724	-565	-552	-547	-525	-358	-256	-192	-178	0	0	-151	-151	-151	-151	-151	-151	-151	-151	-121	-121	-111	-111	-109	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31
Begin Period Cash Flow	4,368	5,414	4,374	2,638	1,482	2,706	2,490	3,530	2,583	1,068	1,403	969	513	214	154	171	231	685	0	-1	20,096	2,391	4,703	1,900	100
Capital Expenditures	148	267	213	464	369	367	84	446	26	140	35	74	12	76	112	71	34	16	7	13	442	1,763	5,790	3,700	1,600
Cash And Cash Equivalents Changes	0	-1,046	1,040	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-387	-384	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-1,727	-1,046	1,040	1,736	1,155	-1,223	216	-1,040	1,198	1,516	-336	434	456	299	60	-17	-60	-454	685	1	-6,986	17,705	489	2,800	-400
Change In Working Capital	-109	-276	122	-62	475	-718	-98	-67	-62	-142	-61	-264	-32	5	-48	-287	35	-14	81	-49	-4,585	-2,398	1,086	2,000	-4,100
Change Receivables	0	-20	330	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	1	-20	330	-46	-337	-336	-572	51	-241	-301	-160	-109	-15	-20	31	-269	-30	0	0	0	-1,590	-297	-168	900	-1,400
Change To Inventory	-221	-121	-767	41	158	-335	24	-147	44	6	-54	-21	-1,516	-541	14	4	-5	-4	-10	0	-26,801	-25,469	-6,447	-6,100	-800
Change To Liabilities	0	252	179	-39	632	-73	450	30	135	153	143	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	171	-862	132	-42	129	-242	352	386	277	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-93	380	23	180	-309	24	-147	-208	6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	634	765	799	997	1,096	942	854	268	256	226	120	94	75	82	56	45	30	39	37	13	-2,835	-2,985	-5,342	-5,500	-3,600
Dividends Paid	68	36	914	5	0	0	25	5	0	0	75	0	0	0	0	0	0	0	0	0	0	0	0	0	1,100
End Period Cash Flow	2,641	4,368	5,414	4,374	2,638	1,482	2,706	2,490	3,781	2,583	1,068	1,403	969	513	214	154	171	231	685	0	13,110	20,096	5,192	4,700	-300
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	2,674	2,387	2,807	1,988	2,506	787	573	540	1,088	450	182	261	709	355	-9	-509	-673	-1,168	-876	4	-5,255	2,108	1,149	7,600	800
Investments	-335	-267	-3	-730	253	-650	-650	-1,719	-650	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-13	-10	1,046	-49	-18	-7	-25	-12	-171	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,152	1,994	2,961	1,385	1,023	675	-171	402	496	197	-3	873	864	328	-153	150	-760	-1,559	-1,028	40	-3,022	2,866	-509	3,200	3,900
Other Cashflows From Financing Activities	68	36	52	1,059	-604	-1,975	8	-9	301	-218	105	183	202	-76	90	41	263	478	-469	-1	-2,173	14,019	292	-4,200	6,000
Other Cashflows From Investing Activities	0	-178	210	-178	-178	-8	-9	-9	-9	-9	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	37	76	-1,132	76	216	190	32	92	8	80	93	-6	24	17	223	4	56	381	40	12	5,671	5,970	10,684	11,100	7,000
Sale Purchase Of Stock	-3,956	-3,456	-1,105	-1,037	-555	-385	-200	-347	-178	1,832	-30	-12	-62	-27	-4	-16	0	-885	0	-2	0	0	0	0	0
Stock Based Compensation	78	154	291	121	162	161	169	122	118	88	70	29	13	0	28	3	41	0	0	0	8	399	638	700	-400
Total Cash From Financing Activities	-3,901	-3,433	-1,977	14	-604	-403	-199	-307	111	1,411	47	87	51	-56	65	-308	613	714	1,711	-3	0	-185	-190	-4,200	-400
Total Cash From Operating Activities	2,822	2,654	3,020	2,452	2,875	1,154	657	986	1,114	590	217	335	721	431	103	-439	-639	-1,152	-870	17	-4,813	3,871	6,938	11,300	2,400
Total Cashflows From Investing Activities	0	-267	-3	-730	-1,115	-1,975	-243	-1,719	-26	-486	0	12	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31
Begin Period Cash Flow	3,813	3,410	3,400	4,368	6,006	6,408	6,093	5,414	5,642	5,297	4,996	4,374	4,625	4,517	2,964	2,638	3,420	2,600	2,452	1,482	2,244	3,061	3,822	3,810	3,810	3,088	3,247	2,490	4,245	4,288	4,348	3,781	3,985	3,480	3,011	2,583	2,639	1,029	877	1,068	1,038	1,490	1,506	1,403	1,350	907	782	969	1,217	916	476	513	488	299	251	214	245	129	31	154	102	64	25	171	223	86	205	231	17	233	555	685	18,156	13,110	14,383	21,167	17,984	20,096	8,420	7,997	5,599	5,192	5,207	4,472	4,347	4,703	3,400	10,200	6,200	1,900
Capital Expenditures	61	60	20	7	48	12	191	16	37	48	42	170	48	87	219	110	101	16	56	196	41	162	10	28	28	35	1	20	17	387	40	2	4	3	16	4	3	31	34	79	6	3	22	5	51	15	5	3	5	1	1	4	9	12	20	35	16	37	1	57	35	0	15	20	8	12	7	7	3	9	3	2	0	9	14	188	78	161	2,689	1,455	1,307	1,690	1,709	1,410	1,461	1,210	1,500	900	0	1,300
Cash And Cash Equivalents Changes	0	0	10	-968	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	352	-48	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-1,172	403	10	-968	-1,638	-402	315	679	-228	345	301	622	-251	108	1,553	326	-783	820	148	970	-761	-817	-761	-1,104	-1,104	721	-159	757	-1,755	-43	-60	567	-204	505	470	428	-56	1,609	153	-191	30	-453	-15	102	54	442	125	-187	-248	302	439	-37	25	190	48	36	-31	117	98	-123	52	38	39	-146	-52	137	-118	-26	213	-215	-323	-130	774	5,046	-1,274	-6,784	3,183	-2,112	11,676	422	2,398	407	-15	735	126	-356	1,300	-6,800	-2,400	4,300
Change In Working Capital	-771	358	149	155	-1,070	-298	701	391	-878	184	43	773	-524	-614	198	878	-399	213	-503	1,163	-873	-227	-642	-885	-221	390	-170	567	-1,097	-8	251	32	-43	444	346	123	123	2,107	95	-479	19	-265	75	-10	151	192	188	-339	-45	110	-3	-94	-83	85	-20	22	-126	81	-28	26	62	-243	-28	-79	24	-41	68	-16	-180	142	-27	52	-90	-1,478	-1,089	5	-1,830	-1,671	-6,542	3,443	-490	1,192	-6	1,145	152	-206	500	-1,000	2,400	100
Change Receivables	0	0	0	94	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	158	-158	-94	94	693	-911	225	-27	195	-342	-137	614	11	-802	202	543	457	-352	-642	199	338	-584	-457	13	13	-446	-199	60	51	0	0	0	-241	0	0	0	-301	0	0	0	-160	0	0	0	0	0	0	0	137	-42	-30	-79	-30	-13	-23	46	-40	3	38	30	-269	0	0	-105	-30	0	0	-6	35	0	0	0	257	-1,440	-2,012	1,292	-1,895	1,025	-4	903	-1,868	672	-686	796	-281	3	200	-100	600	200
Change To Inventory	11	76	-226	-82	-14	3	-62	-48	103	15	-188	-72	-193	72	93	69	-706	457	250	157	-760	292	95	-637	0	762	60	-162	-4,354	0	0	0	-4,070	0	0	0	-3,080	0	0	0	-1,498	0	0	0	0	0	0	0	-1,562	-1,177	-1,023	-612	-558	-420	-346	-282	-308	-379	6	8	-2	2	5	-1	2	2	-7	-1	14	-20	-1	3	-1,022	-25,183	-23,345	-25,797	-24,072	-26,887	-29,972	-22,406	-10,420	-10,019	-6,035	-5,910	-6,855	-7,241	0	0	0	-13,900
Change To Liabilities	0	0	117	191	-785	160	672	-89	-497	82	365	229	-320	115	-108	274	-147	82	-97	793	-451	65	-280	619	-260	73	-32	609	-119	0	0	0	0	0	0	0	0	0	0	0	143	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-22	25	46	58	30	37	-75	162	10	-959	-6	54	58	26	59	-56	-17	-28	-2	108	40	-17	79	-115	-109	28	27	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-162	138	-964	450	-134	555	-679	429	700	-70	-215	73	104	61	-709	483	236	170	-760	292	95	38	-629	754	60	-101	-504	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	146	153	163	172	182	191	197	195	198	200	199	202	261	258	245	233	294	257	285	260	200	241	229	220	220	213	211	210	268	0	0	0	256	0	0	0	226	0	0	0	120	0	0	0	0	0	0	0	16	18	20	21	22	20	22	18	17	14	14	12	7	14	15	10	6	8	7	8	10	10	6	12	-566	-595	-715	-753	-719	-649	1,042	-1,302	-1,358	-1,366	-1,292	-1,297	-1,445	-1,308	-1,400	-1,400	-1,400	-1,300
Dividends Paid	19	3	46	0	17	12	0	0	914	914	914	914	914	0	0	0	0	0	0	0	0	0	0	201	0	0	0	0	53	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	2,641	3,813	3,410	3,400	4,368	6,006	6,408	6,093	5,414	5,642	5,297	4,996	4,374	4,625	4,517	2,964	2,638	3,420	2,600	2,452	1,482	2,244	3,061	2,706	2,706	3,810	3,088	3,247	2,490	4,245	4,288	4,348	3,781	3,985	3,480	3,011	2,583	2,639	1,029	877	1,068	1,038	1,490	1,506	1,403	1,350	907	782	969	1,217	916	476	513	488	299	251	214	245	129	31	154	102	64	25	171	223	86	205	231	17	233	555	18,930	18,156	13,110	14,383	21,167	17,984	20,096	8,420	7,997	5,599	5,192	5,207	4,472	4,347	4,700	3,400	-2,400	6,200
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	148	1,258	802	466	-400	724	959	1,104	-50	1,365	496	996	228	341	633	786	439	940	71	1,056	-506	337	-206	-931	-931	736	-6	775	-241	57	-9	732	-273	508	458	395	72	308	60	11	36	87	-20	79	-35	119	140	36	76	335	298	0	47	206	56	46	-26	129	50	-162	111	-420	17	-146	-52	-226	-118	-276	-443	-215	-313	-197	774	-1,614	-1,172	-128	-1,843	-2,112	-7,613	5,292	3,311	1,118	-185	1,402	195	-263	500	-600	5,500	2,200
Investments	-361	-60	-20	-200	-48	-12	-191	-16	173	-48	42	-170	-48	-53	-219	-410	-1,101	-16	197	-195	253	-650	-650	-650	-650	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-2	-4	-6	-1	-3	-3	-3	-3	-4	-3	22	-2	1,028	-2	-38	-1	-7	-3	-5	-5	-4	-4	-4	-1	-1	-1	-6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	776	723	532	121	490	785	222	497	742	867	202	1,150	545	730	351	-241	446	460	304	-187	139	351	165	-352	-326	252	-61	-10	-49	225	170	87	153	182	144	55	64	245	53	-134	-11	-19	55	-58	140	64	304	360	306	204	277	77	116	106	66	41	-111	70	49	-162	6	161	43	-61	-71	-188	-210	-291	-442	-401	-330	-387	287	-928	-525	-796	-731	-971	-2,555	1,781	3,487	153	244	-557	24	-221	300	-300	1,900	1,300
Other Cashflows From Financing Activities	19	3	46	-1,234	17	12	7	-16	7	-913	4	40	26	-53	1,033	-410	-1,101	-16	197	-195	-48	-1,312	-460	176	-37	-35	3	6	-6	15	15	14	72	-3	15	36	-50	1,453	102	2	-75	32	12	32	77	58	48	-220	-309	-1	202	-4	1	-12	-3	-9	-16	-37	50	40	-126	-331	22	2	-8	263	-7	-7	-800	-9	-9	403	0	6,651	-116	-6,844	4,948	-161	1,729	117	-1,249	-782	229	283	-70	-93	200	-6,100	-2,400	4,300
Other Cashflows From Investing Activities	0	0	0	0	0	0	-178	-178	-178	-178	0	0	0	0	0	0	0	0	0	0	-7	-7	-7	-1	-9	-9	-9	-150	-1,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	3	72	-51	13	-6	65	12	5	-131	5	12	-1,018	46	30	0	0	190	12	15	-1	188	-3	-2	-3	-3	-1	34	1	362	228	-389	615	-1,052	-114	-17	220	-573	-2,014	-55	702	-154	374	-128	152	-274	-122	-348	19	24	204	1	0	1	7	9	0	211	0	0	13	-11	-352	2	3	-2	6	23	29	172	42	40	127	1,132	1,189	1,429	1,505	1,439	1,298	-2,084	2,604	2,979	2,830	2,585	2,594	2,890	2,615	3,000	2,500	2,800	2,800
Sale Purchase Of Stock	-1,035	-855	-836	-1,230	-1,249	-1,137	-648	-422	-392	-107	-195	-411	-503	-265	-111	-158	-184	-119	-169	-83	-244	0	-101	-160	-160	-13	-4	-23	-167	-102	-64	-14	0	0	0	0	0	0	0	0	0	0	0	-10	-10	0	-2	0	-14	-27	-5	-14	-18	-3	-5	-1	-3	0	0	-1	2	0	0	-2	0	0	0	0	885	0	0	-885	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	40	6	17	15	52	19	32	51	69	168	29	25	41	25	24	31	34	37	47	45	36	45	42	38	0	41	44	45	122	0	0	0	118	0	0	0	88	0	0	0	70	0	0	0	0	0	0	0	4	4	4	0	0	0	0	0	0	1	16	11	3	0	0	3	41	0	0	21	353	0	0	0	0	0	-185	96	52	45	-129	322	0	0	-12	465	128	57	300	400	0	0
Total Cash From Financing Activities	-1,020	-855	-792	-1,234	-1,238	-1,126	-644	-425	-388	-1,020	-195	-374	-479	-267	920	-160	-222	-120	-176	-86	-249	-5	-105	-164	-164	-14	-3	-18	-152	-101	-51	-3	69	-3	12	33	22	1,302	93	-6	-6	25	5	23	56	51	-14	-6	-20	-34	142	-37	-22	-16	-8	-10	-5	-12	48	35	1	-331	22	0	0	363	0	250	656	0	-9	67	0	0	0	0	0	0	1,729	117	-1,249	-782	140	-167	-70	-93	200	-6,300	-2,400	4,300
Total Cash From Operating Activities	209	1,318	822	473	-352	736	1,150	1,120	-13	1,413	454	1,166	276	428	852	896	540	956	127	1,252	-464	500	-196	-903	-903	771	-6	795	-225	445	31	734	-269	511	474	399	69	338	94	89	42	90	1	83	17	134	145	39	81	336	299	4	56	218	76	81	-9	166	51	-105	77	-420	32	-127	-44	-215	-111	-269	-440	-207	-310	-195	774	-1,605	-1,158	60	-1,765	-1,951	-10,302	6,747	4,618	2,808	1,523	2,812	1,656	947	2,000	300	5,500	3,500
Total Cashflows From Investing Activities	0	0	-20	-207	-48	-12	-191	-16	173	-48	42	-170	-48	-53	-219	-410	-1,101	-16	197	-195	-48	-1,312	-460	-154	-37	-35	-151	-20	-1,139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12	32	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31
Cost Of Revenue	14,613	14,377	12,195	11,148	11,695	10,060	8,628	6,202	5,541	5,002	2,827	2,431	1,884	1,475	1,315	1,073	968	781	534	161	26,866	41,903	44,430	45,500	38,700
Depreciation And Amortization	634	765	799	997	1,096	942	854	268	256	226	120	94	75	82	56	45	30	39	37	13	-2,835	-2,985	-5,342	-5,500	-3,600
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	2,750	1,892	1,506	697	465	-54	-757	371	796	122	29	493	677	359	-119	247	-738	-1,544	-990	52	365	9,935	10,806	17,100	15,800
Ebitda	3,384	2,657	2,305	1,694	1,562	889	97	639	1,052	348	148	587	751	441	-62	291	-708	-1,505	-953	66	-2,470	6,950	5,464	11,600	12,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	10,522	10,468	9,737	8,928	9,079	7,744	6,821	5,413	4,855	3,763	2,706	2,830	2,348	1,800	1,346	1,330	1,339	758	424	290	5,398	15,212	18,554	25,800	25,100
Income Before Tax	3,065	2,816	3,620	1,847	1,483	984	95	637	794	338	-5	482	640	328	-153	217	-760	-1,559	-1,028	40	-4,354	4,242	340	5,700	6,900
Income Tax Expense	913	822	659	462	460	309	266	236	298	141	-2	-391	-224	33	36	68	29	0	0	0	-1,331	1,376	849	2,500	3,000
Interest Expense	5	3	6	13	10	5	2	2	2	10	34	26	30	33	36	33	36	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	140	322	1,449	1,575	1,888	936	974	31	3	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,152	1,994	2,961	1,385	1,023	801	142	433	534	229	-34	870	864	328	-153	150	-760	-1,559	-1,028	40	-3,022	2,454	-509	3,200	3,900
Net Income Applicable To Common Shares	0	1,994	2,961	1,385	1,345	801	142	433	534	229	0	870	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	2,152	1,994	2,961	1,385	1,023	675	-171	402	496	197	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-5	-3	-6	-13	-10	-5	-2	-2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	229	286	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	62	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	2,697	1,892	1,506	697	465	875	82	634	795	345	27	488	677	359	-119	247	-730	-1,544	-990	52	-5,306	3,965	122	6,100	9,100
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	22,438	22,193	19,629	18,389	19,222	16,929	15,366	10,981	9,600	8,420	5,506	4,773	3,556	2,915	2,779	2,156	3,038	3,084	1,948	399	37,570	53,149	62,863	65,200	54,700
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	634	765	799	997	1,096	942	854	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	70	250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	7,825	7,816	7,434	7,241	7,527	6,869	6,739	4,778	4,060	3,419	2,460	2,252	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Provision	913	822	659	462	460	309	266	236	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	7,825	7,816	7,434	7,241	7,527	6,869	6,739	4,778	4,060	3,419	2,679	2,342	1,672	1,440	1,465	1,083	2,070	2,302	1,414	238	10,704	11,246	18,432	19,700	16,000
Total Other Income Expense Net	373	924	2,114	1,150	1,018	114	15	4	1	3	1	19	-7	2	1	4	7	-15	-38	-12	952	277	218	-400	500
Total Revenue	25,135	24,845	21,932	20,076	20,774	17,804	15,448	11,615	10,395	8,765	5,533	5,261	4,233	3,275	2,661	2,403	2,308	1,540	958	451	32,264	57,114	62,984	71,300	63,800

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31
Cost Of Revenue	3,724	4,145	3,620	3,124	3,332	4,085	3,201	3,759	2,868	3,617	3,132	2,578	3,095	3,435	2,316	2,302	2,961	3,645	2,800	2,289	2,855	2,889	2,427	2,661	2,661	2,443	1,912	1,611	1,739	1,743	1,482	1,239	1,564	1,579	1,280	1,118	1,473	1,307	1,017	819	999	755	581	492	590	742	641	458	487	579	448	370	397	434	366	325	350	391	294	279	294	352	378	351	265	290	215	199	233	246	152	152	-	-	-	-	4,057	4,227	5,451	5,281	8,483	7,651	3,462	16,912	11,321	10,208	11,751	11,065	11,079	10,536	13,200	10,700	10,400	11,200
Depreciation And Amortization	146	153	163	172	182	1	198	195	198	200	199	202	261	258	245	233	294	257	285	260	200	241	229	220	220	213	211	210	2	-1	2	2	-6	2	2	-3	1	1	0	1	0	0	0	0	4	0	0	0	16	18	20	21	22	20	22	18	17	14	14	12	7	14	15	10	6	8	7	8	10	10	6	12	-	-	-	-	-566	-595	-715	-753	-719	-649	1,042	-1,302	-1,358	-1,366	-1,292	-1,297	-1,445	-1,308	-1,400	-1,400	-1,400	-1,300
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	940	962	684	-8	463	1,074	313	623	597	1,138	83	-112	356	958	226	-585	543	616	121	-558	-8	421	246	-455	-239	451	-113	-7	-79	362	248	104	279	302	202	12	128	405	86	-274	25	-1	95	-92	114	120	172	78	97	211	284	85	124	113	74	49	-107	80	58	-154	382	-147	56	-50	-60	-182	-203	-285	-438	-396	-327	-383	-	-	-	-	1,350	-556	514	103	145	-396	-4,873	5,457	8,459	3,031	3,509	1,971	3,021	2,305	3,300	2,800	6,000	5,000
Ebitda	1,086	1,115	847	164	645	1,075	511	818	795	1,338	282	90	617	1,216	471	-352	837	873	406	-298	192	662	475	-235	-19	665	98	203	-78	361	250	106	273	305	204	9	129	406	86	-273	26	-1	95	-91	119	116	175	83	113	229	304	106	145	133	95	67	-90	93	72	-142	389	-133	70	-40	-54	-174	-195	-277	-428	-386	-321	-371	-1,548	226	202	129	784	-1,151	-201	-649	-574	-1,045	-3,832	4,154	7,100	1,665	2,216	674	1,576	998	1,900	1,400	4,600	3,700
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	3,007	2,866	2,506	2,143	2,761	3,180	2,130	2,397	2,938	2,928	2,009	1,862	2,456	2,762	2,100	1,610	2,738	2,587	2,088	1,666	1,764	2,237	2,012	1,477	1,477	2,291	1,590	1,463	1,287	1,601	1,318	1,207	1,219	1,474	1,199	963	1,141	1,180	885	558	798	715	659	534	700	803	756	571	548	671	677	452	475	490	433	356	409	387	351	198	341	245	430	374	423	328	315	273	227	173	154	204	401	226	202	129	2,084	590	1,232	1,817	1,532	817	-7,649	7,895	10,078	4,887	4,380	5,106	4,916	4,152	5,900	4,900	8,100	6,900
Income Before Tax	1,109	1,009	736	211	733	1,083	340	660	988	1,165	306	1,161	671	1,001	496	-321	676	644	434	-270	191	520	245	-236	-236	451	-113	-7	-78	360	250	106	273	304	204	9	128	402	83	-276	22	-18	90	-98	111	120	172	78	82	204	277	77	116	106	66	41	-111	70	49	-162	6	214	43	-61	-71	-188	-207	-291	-442	-401	-330	-387	-	-	-	-	464	-1,485	-386	-1,254	-1,164	-1,550	-4,779	2,928	5,735	358	994	-563	169	-260	600	0	3,000	2,200
Income Tax Expense	333	286	204	90	243	298	118	163	246	298	104	11	126	271	145	-80	230	184	129	-83	52	169	80	116	116	199	-52	3	-29	135	80	50	85	92	81	35	44	144	32	-78	10	-11	33	-34	-29	47	-127	-282	-224	7	7	8	8	8	9	8	9	0	9	8	68	53	13	12	-3	0	3	0	0	0	0	0	214	272	285	258	177	-557	139	-459	-433	-579	-2,224	1,147	2,247	206	750	-6	146	-40	300	3,000	1,200	900
Interest Expense	2	1	1	1	1	199	1	1	1	1	1	3	4	4	3	2	1	2	2	3	1	1	1	1	1	0	0	0	0	1	0	0	0	0	0	0	0	4	3	3	4	18	5	7	6	6	6	8	7	7	7	8	8	8	9	8	9	9	9	8	8	8	13	13	12	9	8	0	7	6	6	6	-	-	-	-	0	0	0	0	0	0	8	8	3	3	17	10	0	17	0	300	0	300
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,267	1,349	1,405	1,449	1,522	1,548	1,560	1,575	1,601	1,639	0	0	0	0	0	35	30	0	0	20	13	0	0	23	12	2	0	0	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	776	723	532	121	490	785	222	497	742	867	202	1,150	545	730	351	-241	586	541	361	-143	211	377	177	-326	-326	290	62	115	-49	225	170	87	153	182	144	55	64	245	53	-134	-11	-19	55	-58	140	64	304	362	306	204	277	77	116	106	66	41	-111	70	49	-162	6	161	43	-61	-71	-188	-210	-291	-442	-401	-330	-387	-214	-272	-285	-258	287	-928	-525	-796	-731	-971	-2,967	1,781	3,487	153	244	-557	24	-221	300	-200	1,800	1,300
Net Income Applicable To Common Shares	0	0	532	121	490	785	222	497	742	867	202	1,150	545	730	351	-241	586	541	361	-143	211	377	177	35	-326	290	63	115	-49	225	170	87	153	182	144	55	64	245	54	0	0	0	55	0	140	64	304	362	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	776	723	532	121	490	785	222	497	742	867	202	1,150	545	730	351	-241	446	460	304	-187	139	351	165	21	-352	252	-61	115	-49	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-2	-1	-1	-1	-1	0	-1	-1	-1	-1	-1	-3	-4	-4	-3	-2	-2	-2	-2	-3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	64	57	0	51	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	42	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	923	946	673	-8	463	1,074	313	623	794	1,138	282	89	616	956	469	-354	836	614	403	-301	189	418	241	-239	-239	450	-121	-8	-79	362	248	104	279	302	202	12	128	405	86	-274	25	-1	95	-92	114	116	175	83	97	211	284	85	124	113	74	49	-102	79	58	-154	13	221	56	-49	-60	-182	-203	-285	-438	-396	-327	-383	-1,548	226	202	129	218	-1,745	-916	-1,402	-1,294	-1,694	-4,873	2,829	5,710	299	924	-623	131	-310	500	2,800	3,200	2,500
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	5,808	6,065	5,453	5,112	5,451	6,191	5,018	5,533	5,012	5,407	4,859	4,351	4,935	5,241	3,947	4,266	4,863	5,618	4,485	4,255	4,430	4,708	4,197	4,377	4,377	4,285	3,623	3,082	3,105	2,983	2,551	2,342	2,503	2,751	2,277	2,069	2,487	2,082	1,816	1,650	1,772	1,471	1,146	1,117	1,175	1,429	1,223	946	938	1,039	842	737	748	810	725	631	857	699	588	631	622	376	752	774	749	800	733	757	898	815	633	738	1,948	-	-	-	5,924	6,562	7,598	8,500	11,309	10,162	685	21,978	15,689	14,796	15,207	16,794	15,864	14,998	18,600	15,600	15,300	15,600
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	146	153	163	172	182	191	197	195	198	200	199	202	261	258	245	233	294	257	285	260	200	241	229	220	220	213	211	210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	16	18	20	21	22	20	22	18	17	14	14	12	7	14	15	10	6	8	7	8	10	10	6	12	-	-	-	-	-566	-595	-715	-753	-719	-649	1,042	-1,302	-1,358	-1,366	-1,292	-1,297	-1,445	-1,308	-1,400	-1,400	-1,400	-1,300
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	2,084	1,920	1,833	1,988	2,119	2,106	1,817	1,774	2,144	1,790	1,727	1,773	7,241	1,806	1,631	1,964	1,902	1,973	1,685	1,966	1,575	1,819	1,770	1,704	1,716	1,591	1,656	1,408	1,060	1,241	1,069	1,103	940	1,172	997	951	1,014	775	799	831	773	497	565	625	587	626	568	471	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Provision	333	286	204	90	243	298	118	163	246	298	104	11	126	271	145	-80	230	184	129	-83	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	2,084	1,920	1,833	1,988	2,119	2,106	1,817	1,774	2,144	1,790	1,727	1,773	1,840	1,806	1,631	1,964	1,902	1,973	1,685	1,966	1,575	1,819	1,770	1,715	4,377	1,842	1,711	1,471	1,366	1,240	1,069	1,103	939	1,172	997	951	1,014	775	799	831	773	716	565	626	586	687	581	488	451	460	393	367	351	377	360	307	507	308	293	352	328	24	374	423	483	511	518	558	665	570	481	587	-1,948	-	-	-	1,867	2,336	2,147	3,219	2,826	2,511	-2,776	5,066	4,368	4,588	3,456	5,729	4,785	4,462	5,400	4,900	4,900	4,400
Total Other Income Expense Net	188	64	64	219	270	9	27	37	195	28	25	1,075	59	49	30	35	-159	32	32	34	3	104	5	4	4	2	8	1	2	-1	2	2	-6	2	2	-3	1	1	0	1	0	0	0	0	3	10	3	3	-8	0	0	1	1	0	0	0	5	-9	0	0	-365	368	0	1	-11	-6	-4	-5	-4	-5	-3	-4	-	-	-	-	246	260	530	148	130	144	94	-23	-31	59	70	61	38	50	100	0	-200	100
Total Revenue	6,731	7,011	6,126	5,267	6,093	7,265	5,331	6,156	5,806	6,545	5,141	4,440	5,551	6,197	4,416	3,912	5,699	6,232	4,888	3,955	4,619	5,125	4,438	4,138	4,138	4,734	3,502	3,074	3,025	3,344	2,800	2,446	2,782	3,053	2,479	2,081	2,614	2,487	1,902	1,376	1,797	1,470	1,241	1,026	1,290	1,545	1,397	1,029	1,035	1,250	1,125	822	872	924	799	680	759	779	646	477	635	597	808	725	688	618	530	471	460	419	306	355	401	226	202	129	6,142	4,817	6,683	7,098	10,015	8,468	-4,188	24,807	21,400	15,096	16,131	16,170	15,995	14,688	19,100	15,600	18,500	18,100

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	25,135
Cost of Revenue	-14,613
Gross Profit	10,522	10,522

Operating Income (+$)
Gross Profit	10,522
Operating Expense	-7,825
Operating Income	2,697	2,697

Operating Expense (+$)
Research Development	0
Selling General Administrative	7,825
Selling And Marketing Expenses	0
Operating Expense	7,825	7,825

Net Interest Income (+$)
Interest Income	0
Interest Expense	-5
Other Finance Cost	-0
Net Interest Income	-5

Pretax Income (+$)
Operating Income	2,697
Net Interest Income	-5
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	3,065	2,324 EBIT - interestExpense = 2,745 3,065 2,157
Interest Expense	5
Earnings Before Interest and Taxes (EBIT)	2,750	3,070
Earnings Before Interest and Taxes (EBITDA)	3,384

After tax Income (+$)
Income Before Tax	3,065
Tax Provision	-913
Net Income From Continuing Ops	2,152	2,152
Net Income	2,152
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	22,438
Total Other Income/Expenses Net	373	5

Technical Analysis of Where Food Comes From Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Where Food Comes From Inc. The general trend of Where Food Comes From Inc is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Where Food Comes From Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-71.4%)		Bearish trend (71.4%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Where Food Comes From Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 12.60 < 13.20 < 13.90.

The bearish price targets are: 10 > 8.51.

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Where Food Comes From Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Where Food Comes From Inc. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Where Food Comes From Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Where Food Comes From Inc. The current macd is -0.04084724.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Where Food Comes From Inc price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Where Food Comes From Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Where Food Comes From Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Where Food Comes From Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Where Food Comes From Inc. The current adx is 27.22.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Where Food Comes From Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2

Where Food Comes From Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Where Food Comes From Inc. The current sar is 10.85.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Where Food Comes From Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Where Food Comes From Inc. The current rsi is 54.19. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Where Food Comes From Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Where Food Comes From Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Where Food Comes From Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Where Food Comes From Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Where Food Comes From Inc. The current cci is 109.21.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Where Food Comes From Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Where Food Comes From Inc. The current cmo is 16.26.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Where Food Comes From Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Where Food Comes From Inc. The current willr is -20.79646018.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Where Food Comes From Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Where Food Comes From Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Where Food Comes From Inc.

Where Food Comes From Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Where Food Comes From Inc. The current atr is 0.72742405.

Where Food Comes From Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Where Food Comes From Inc. The current obv is -3,363.

Where Food Comes From Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Where Food Comes From Inc. The current mfi is 77.84.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Where Food Comes From Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Where Food Comes From Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-05	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-07	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-11	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-14	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-19	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-21	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-12-26	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-09	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-12	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-18	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-26	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-30	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-31	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-02	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-07	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-08	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-09	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-14	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-06	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-12	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-03-27	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-02	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-09	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-11	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-16	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-19	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside

6.3. Candlestick Patterns

Where Food Comes From Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Where Food Comes From Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	54.189
Ma 20	Greater than	Ma 50	11.178
Ma 50	Greater than	Ma 100	12.002
Ma 100	Greater than	Ma 200	12.783
Open	Greater than	Close	11.900
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Where Food Comes From Inc (30 sec.)

What can you expect buying and holding a share of Where Food Comes From Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Where Food Comes From Inc (5 min.)

$11.90

$1.93

$1.23 - $4.11

$3.16 - $6.04

2. Growth of Where Food Comes From Inc (5 min.)

Is Where Food Comes From Inc growing?

How much money is Where Food Comes From Inc making?

How much money comes from the company's main activities?

3. Financial Health of Where Food Comes From Inc (5 min.)

What can you expect buying and holding a share of Where Food Comes From Inc? (5 min.)

What can you expect buying and holding a share of Where Food Comes From Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Where Food Comes From Inc

About Where Food Comes From Inc

Financial Health

Valuation

1.1. Profitability of Where Food Comes From Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

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1.1.3. Return on Equity

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1.2. Operating Efficiency of Where Food Comes From Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

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1.2.2. Operating Ratio

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1.3. Liquidity of Where Food Comes From Inc.

1.3. Liquidity

1.3.1. Current Ratio

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1.3.2. Quick Ratio

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1.4. Solvency of Where Food Comes From Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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1.4.2. Debt to Equity Ratio

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2. Market Valuation of Where Food Comes From Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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2.2. Price To Free Cash Flow Ratio

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2. Book Value per Share

2.3. Price to Book Ratio

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Where Food Comes From Inc
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