Innovative Food Stock Price, News & Analysis

Innovative Food Holdings (OTCQB: IVFH) reported Q1 2025 financial results with revenue of $19.5 million, up 26.0% year-over-year, and organic revenue growth of 22.9%. The company reported a GAAP net loss of $0.4 million compared to a profit of $1.4 million in Q1 2024. Gross margin declined by 157 basis points to 22.9%, while SG&A as a percentage of revenue decreased by 155 basis points to 24.1%. Notable developments include the integration of recently acquired Denver-based Golden Organics and LoCo Food Distribution, the launch of a new retail sales channel generating $3.7 million in revenue, and strong growth in Amazon sales and airline catering business. However, the company faced challenges with its legacy drop ship business and experienced profit headwinds from the retail business ramp-up, resulting in Adjusted EBITDA of $346 thousand versus $486 thousand in Q1 2024.

Innovative Food Holdings (OTCQB: IVFH) announced its 2025 annual shareholder meeting and shared a CEO letter highlighting significant achievements in 2024. The company reported revenue growth of 2.5% to $72.1 million and improved GAAP net income by $6.2 million to $2.5 million. Key 2024 milestones include divesting non-core operations (igourmet.com and Mouth.com), acquiring Golden Organics and LoCo Foods, and launching a national retail distribution partnership. The company's core foodservice distribution business achieved 44.3% organic revenue growth in Q4 2024. Integration of acquisitions has resulted in 60% lower logistics costs and 50% reduced driver hours. CEO Bill Bennett outlined the company's three-phase strategy, with Phase 1 (Stabilization) completed and Phase 2 (Growth Foundation) underway, targeting an ambitious long-term goal of $1 billion in revenue.

Innovative Food Holdings (OTCQB: IVFH), a national seller of gourmet specialty foods, has scheduled an investor call to discuss their first quarter 2025 financial results. The earnings call will take place on May 15, 2025, at 10:00 am Eastern Time, covering the fiscal quarter ended March 31, 2025.

The company will host a Q&A session following the results presentation. Investors are encouraged to join via Zoom for better interaction during the question-and-answer segment, though phone participation is also available.

Innovative Food Holdings (OTCQB: IVFH), a national specialty food seller to professional chefs, announced a change in its independent auditor. Assurance Dimensions, LLC resigned effective April 28, 2025, as part of their strategic exit from public company auditing. The company has served as IVFH's auditor for fiscal years 2022-2024. Notably, during this period, all audit reports were clean with no adverse opinions, disclaimers, or disagreements.

As part of the transition, Stephano Slack LLC has been appointed as the new auditor, effective April 28, 2025, through September 30, 2025. Assurance Dimensions has sold its audit client book to Stephano Slack and will support the transition. IVFH had no prior consultations with Stephano Slack regarding accounting principles or audit matters.

Innovative Food Holdings (OTCQB: IVFH), a national specialty food seller to professional chefs, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025 event. CEO Bill Bennett will deliver a presentation on Wednesday, April 23, 2025, at 1:00 PM PST and conduct 1x1 investor meetings on April 24, 2025.

The presentation will take place at the Paris Hotel & Casino in Las Vegas, with both in-person and webcast viewing options available. Interested parties can register for the event and schedule one-on-one meetings through the conference platform.

Innovative Food Holdings (OTCQB: IVFH) reported its FY2024 financial results, showing revenue growth of 2.5% to $72.1 million, with organic revenue growth of 11.4%. The company achieved a significant turnaround with GAAP net income of $2.5 million, compared to a loss of $3.7 million in 2023.

Q4 2024 showed strong performance with revenue of $23.0 million, up 19.2% year-over-year, and impressive organic revenue growth of 44.3%. The quarter included contributions from new acquisitions Golden Organics and LoCo Food Distribution, plus $5.3 million from a new retail sales channel.

Despite gross margin declining by 85 basis points to 23.4% for the full year, the company improved its adjusted EBITDA by 18.5% to $3.2 million. Key strategic moves included bringing on a new CFO, adding two large distributor partners, onboarding a major retail customer, and completing two acquisitions while divesting direct-to-consumer e-commerce businesses.

Innovative Food Holdings (OTCQB: IVFH), a national seller of gourmet specialty foods, has scheduled an earnings call to discuss their Q4 and full fiscal year 2024 financial results. The investor call is set for March 7, 2025, at 10:00 am Eastern Time.

The management team will present the company's financial performance for the quarter and year ended December 31, 2024, followed by a question-and-answer session. Investors are encouraged to participate via Zoom for optimal interaction during the Q&A segment, utilizing the platform's 'raise hand' feature.

Innovative Food Holdings (OTCQB: IVFH) has announced a significant expansion into airline services with a new first-class cheese program for a major international airline. The program, marking IVFH's entry into this business segment, is expected to generate $700K in new incremental revenue in its first year.

The company will supply premium cheeses, including whole wheels and precision-cut 0.75 oz portions, utilizing automated cutting equipment that has doubled volume per labor hour. This initiative follows IVFH's strategic divestment from unprofitable e-commerce operations at their Mountain Top, Pennsylvania warehouse, resulting in doubled revenue and labor productivity.

The program leverages IVFH's specialty foods platform, combining sourcing capabilities, 3PL storage, drop-ship services, and custom cutting solutions. The company continues to participate in multiple airline menu planning cycles, positioning itself for future growth in the airline sector.

Innovative Food Holdings (OTCQB: IVFH) has completed the relocation of LoCo Food Distribution from Fort Collins to Denver, Colorado. The strategic move consolidates operations with its subsidiary Golden Organics, generating significant operational efficiencies and cost savings.

Key benefits include:

• Reduction in miles driven by ~60% and driving labor by ~50% due to proximity to 80% of LoCo Foods' customer base
• Elimination of $159,000 annual warehouse lease and property tax expense
• Additional cost reductions in utilities and truck maintenance

The consolidation is expected to create further synergies through integrated delivery routes, optimized inventory management, and cross-selling opportunities between Golden Organics and LoCo Foods' customer networks.