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Innovative Food Holdings Inc (IVFH)
OTHER OTC:IVFH
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Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 10.00%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in the core specialty food service business and expansion into new retail channels with significant revenue potential. The acquisition of Golden Organics and consistent profitability on an adjusted EBITDA basis were notable positives. However, there were challenges with gross margin declines and startup costs affecting immediate profitability. Overall, the company appears to be on a positive trajectory with a clear strategy for future growth.Company Guidance
During the Innovative Food Holdings Q3 2024 earnings call, the company provided insights into several key financial metrics reflecting their business progress. The core specialty food service business experienced a 5.5% growth compared to Q3 2023, attributed to four new business initiatives. Gross margins saw a decline of 150 basis points from the previous year due to a shift in business mix and intentional negative margins during a retail test phase. Despite this, the company achieved a GAAP net income from continuing operations of $1.3 million, or $0.026 per fully diluted share, compared to $0.1 million or $0.003 per share the previous year. Adjusted EBITDA increased by $76,000, reflecting improved operational efficiency. The company also noted significant reductions in SG&A expenses, down by $482,000, achieving a savings of 222 basis points as a percentage of sales. Looking forward, IVFH is excited about the potential revenue growth from a new retail partnership, anticipated to contribute tens of millions in revenue, and the acquisition of Golden Organics, which is expected to be immediately accretive to earnings.Core Specialty Food Service Business Growth
The core specialty food service business growth increased by 5.5% compared to Q3 2023, marking a return to meaningful growth.
New Retail Business Expansion
Successful expansion of the new retail business with a national retailer, expected to drive tens of millions in revenue, with Q4 revenue growing over 25% compared to the prior year.
Cost Savings Achieved
SG&A savings of $482,000, which is a 222 basis point reduction as a percentage of sales compared to the same period last year.
Positive Adjusted EBITDA
The company remained consistently profitable on an adjusted EBITDA basis, with adjusted net income and EBITDA showing growth.
First Acquisition Announced
Announced the acquisition of Golden Organics, expected to contribute to earnings from day one and provide new synergies.
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IVFH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IVFH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $1.60 | $1.60 | 0.00% |
| Aug 14, 2024 | $1.44 | $1.34 | -6.94% |
| May 14, 2024 | $0.93 | $0.93 | 0.00% |
| Mar 21, 2024 | $0.98 | $1.00 | +2.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innovative Food Holdings Inc (IVFH) report earnings?
Innovative Food Holdings Inc (IVFH) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Innovative Food Holdings Inc (IVFH) earnings time?
Innovative Food Holdings Inc (IVFH) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IVFH EPS forecast?
Currently, no data Available
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