Key highlights: Third quarter adjusted EBITDA improved by $0.4 million to $0.9 million , the fifth consecutive quarter of year-over-year improved adjusted profitability Adjusted EBITDA as a percent of sales improved to 5.1%, from 2.4% in the third quarter of 2022, with adjusted EBITDA per share
BONITA SPRINGS, Fla. , Oct. 31, 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 call on November 9, 2023 at
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 271 basis points to 24.2% $1.3 million
BONITA SPRINGS, FL. (August [1], 2023) – 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 call on August 10, 2023 at 9:00 am Eastern
Company plans to begin quarterly earnings calls in August; long-term strategy to be outlined later this year 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
USDA Approval of Loan Guarantee and Additional Bank Financing Significantly Improves Working Capital and Extends Maturity on Credit Facilities BONITA SPRINGS, Fla., June 16, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet
BONITA SPRINGS, FL. (May 31, 2023) – 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 of the Company.
BONITA SPRINGS, FL. (May 17, 2023) – Innovative Food Holdings, Inc. (IVFH), a national seller of gourmet specialty foods to professional and home chefs today announced the hiring of Brady Smallwood as Chief Operating Officer. As Chief Operating Officer, Mr.
• 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 million of one-time severance expenses BONITA SPRINGS,
BONITA SPRINGS, Fla., April 10, 2023 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional and home chefs today released the following letter from the Chief Executive Officer to Shareholders.