Innovative Food Holdings, Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023
INNOVATIVE FOOD HLDGS INC (IVFH)
NASDAQ:AMEX Investor Relations:
ivfh.com/investor-relations
Company Research
Source: GlobeNewswire
Key Fiscal Year data points: Revenue of $72.2 million, -8.5% vs. 2022 Gross margin improved by 205 basis points to 24.3%, while adjusted gross margin improved by 232 basis pointsGAAP net loss from continuing operations of ($4.2 million) or ($0.08) per fully diluted share, compared to a 2022 loss of ($1.1 million) or ($0.02) per fully diluted shareAdjusted net income from continuing operations of $1.1 million or $0.02 per fully diluted share, compared to a 2022 adjusted net loss of ($0.8 million) or ($0.02) per fully diluted share Adjusted EBITDA of $2.5 million, compared to $0.3 million last yearWorking Capital improved from a deficit of ($3.2 million) at the end of 2022 to a surplus of $5.0 million at the end of 2023, representing an increase of approximately $8.2 millionThe refinancing of company debt, USDA debt guarantee, and subsequent long-term maturity extensions and term improvements during the year massively improved the financial flexibility of the company BONITA SPRINGS, F
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News
- Innovative Food Holdings, Inc. Announces New Contract with Cheney Brothers [Yahoo! Finance]Yahoo! Finance
- Innovative Food Holdings, Inc. Announces New Contract with Cheney BrothersGlobeNewswire
- Innovative Food Holdings, Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023 [Yahoo! Finance]Yahoo! Finance
- Innovative Food Holdings, Inc. to Hold Investor Call March 21 [Yahoo! Finance]Yahoo! Finance
- Innovative Food Holdings, Inc. to Hold Investor Call March 21GlobeNewswire
IVFH
Sec Filings
- 4/30/24 - Form 8-K
- 4/25/24 - Form ARS
- 4/24/24 - Form DEF
- IVFH's page on the SEC website