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Key highlights: Second quarter adjusted EBITDA improved by $1.2 million to $453,947, first profitable second quarter since 2019 Second quarter revenue down 8.2% year-over-year to $18.8 million Gross margin improved 377 basis points to 25.4% SG&A declined by...
BONITA SPRINGS, Fla., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to Professional Chefs and Home Gourmets, today announced that the Company will host an investor ...
BONITA SPRINGS, Fla., July 11, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to Professional Chefs and Home Gourmets, today announced the completion of CEO Bill Bennett ...
2023-06-16 10:42:38 ET Innovative Food ( OTCQB:IVFH ) said Friday it has received approval from the U.S. Department of Agriculture’s Business & Industry program of an 80% loan guarantee on the company’s existing loans with MapleMark Bank. The USDA Guarantee...
BONITA SPRINGS, Fla., June 16, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs and home gourmets, today announced that it has received approval from the ...
BONITA SPRINGS, Fla., May 31, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (IVFH), a national seller of gourmet specialty foods to professional and home chefs, today announced that the Board elected James C. Pappas as Chairman of the Board replacing Sam Klepfish who remains a director ...
2023-05-17 08:28:25 ET Innovative Food ( OTCQB:IVFH ) hires Brady Smallwood as COO. Mr. Smallwood will develop, integrate, and oversee companywide strategies designed to maximize efficiencies and drive growth across all business categories. Mr. Smallwood ...
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d24cc2e-c412-49b6-b465-581c28553c7b BONITA SPRINGS, Fla., May 17, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (IVFH), a national seller of gourmet specialty foods to pro...
2023-05-16 09:16:03 ET Innovative Food press release ( OTCQB:IVFH ): Q1 Non-GAAP EPS of -$0.01. Revenue of $17M (+8.7% Y/Y). For further details see: Innovative Food Non-GAAP EPS of -$0.01, revenue of $17M
• First-quarter total revenue up 8.6% year-over-year to a first quarter record of $17.0 million • Specialty foodservice increased 19.6% year-over-year to a first quarter record of $13.8 million • First-quarter profitability impacted by $1.9...
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BONITA SPRINGS, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, announced today it has been selected to present at the 9th annual MicroCa...
BONITA SPRINGS, Fla., May 15, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, today announced a new contractual partnership with a top five U.S. broadli...
Key first quarter data points: Revenue of $15.7 million, -5.7% vs. Q1 2023 Specialty Foodservice revenue +1.4% vs. Q1 2023, accelerating from -13.6% trend in Q4 Gross margin improved by 174 basis points to 24.4% vs. Q1 2023 GAAP net income from continuing opera...