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Innovative Food Holdings (IVFH)
:IVFH
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Innovative Food Holdings
(OTC:IVFH)
Rating:53Neutral
Price Target:
$1.00
▼(-11.50% Downside)
Innovative Food Holdings (IVFH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$61.91M
Dividend YieldN/A
Average Volume (3M)85.15K
Price to Earnings (P/E)75.8
Beta (1Y)0.11
Revenue Growth7.05%
EPS GrowthN/A
CountryUS
Employees92
SectorConsumer Defensive
Sector Strength67
IndustryFood Distribution
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding54,785,683
10 Day Avg. Volume93,086
30 Day Avg. Volume85,148
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.68
Enterprise Value/Revenue1.37
Enterprise Value/Gross Profit5.98
Enterprise Value/Ebitda55.08
Forecast
1Y Price Target
$1.00Price Target Upside-11.50% Downside
Rating ConsensusHold
Number of Analyst Covering0
Innovative Food Holdings Business Overview & Revenue Model
Company DescriptionInnovative Food Holdings (IVFH) is a leading provider in the specialty food sector, offering a diverse range of gourmet and artisanal food products to professional chefs, restaurants, and foodservice customers across the United States. The company focuses on delivering high-quality, unique ingredients and products that cater to the growing demand for specialty and natural foods. IVFH operates through a network of subsidiaries and maintains a robust e-commerce platform to facilitate efficient distribution and customer engagement.
How the Company Makes MoneyInnovative Food Holdings generates revenue primarily through the sale of its specialty food products to a variety of customers, including restaurants, professional chefs, and foodservice establishments. The company's revenue model is centered around its distribution network and e-commerce platforms, which enable it to reach a broad customer base efficiently. Key revenue streams include direct sales via its online platforms and through its subsidiaries, which offer a curated selection of gourmet and artisanal products. Additionally, IVFH may engage in strategic partnerships with specialty food producers and suppliers to enhance its product offerings and expand its market reach, contributing further to its earnings.
Innovative Food Holdings Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: -37.91%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture, with significant revenue growth and strategic operational improvements, especially in the retail cheese business and cost efficiencies. However, there are substantial challenges, including declines in digital channels, operating losses in the retail business, a drop in gross margins, and a GAAP net loss. The integration of recent acquisitions is still a work in progress, contributing to the cautious outlook.Q1-2025 Updates
Positive Updates
Strong Revenue Growth
Year-over-year revenue growth accelerated to 26.0% in Q1 from 19.2% in Q4. Organic growth, excluding the impact of M&A and divestitures, was 22.9%.
Successful Integration of New Business
The new retail cheese business was fully integrated and became the largest single contributor to overall top-line momentum.
Operational Improvements
Implemented AI-driven tools to reduce vendor onboarding time significantly, which is expected to accelerate product catalog growth.
Cost Management and Efficiency Gains
Reduced freight costs and negotiated vendor cost reductions. Also improved the unit economics across the network.
New Revenue Streams
Expanded cheese conversion for airline customers and one large importer, indicating new revenue opportunities.
Negative Updates
Digital Channels Decline
Digital channels business continued to decline by single digits due to increased competition and outdated onboarding systems.
Retail Business Losses
Retail business reported a narrowed loss of $425,000 in Q1, down from $700,000 in Q4, indicating ongoing challenges in achieving profitability.
Gross Margin Decline
Gross margin dropped by 157 basis points to 22.9%, mainly due to changes in the sales mix with the expansion of the cheese business.
GAAP Net Loss
Experienced a GAAP net loss from continuing operations of $430,000, compared to net income of $1.9 million last year.
Challenges in Business Integration
Ongoing integration challenges with recently acquired businesses, including the need to exit a subset of legacy customers and implement standard procedures.
Company Guidance
During the Innovative Food Holdings First Quarter 2025 Earnings Conference Call, the management provided detailed guidance on several key metrics. The company reported a year-over-year revenue growth of 26%, rising to $19.5 million from $15.5 million in the same period last year, with an organic growth rate of 23% excluding divestitures and acquisitions. Adjusted EBITDA and adjusted fully diluted earnings per share were discussed, with a GAAP net loss from continuing operations of $430,000 compared to a net income of $1.9 million last year. The cost of goods sold increased by 28.6% to $15.1 million, and the gross margin decreased by 157 basis points to 22.9%. Operating expenses rose by $835,000, and professional and legal fees increased significantly to $762,000, representing 3.9% of total revenue. The company also highlighted strategic initiatives in their cheese and digital channels businesses, aiming to improve profitability and operational efficiency through AI-driven tools and revised processes. Additionally, they announced plans for a potential uplisting to NASDAQ, including a name change to Harvest Group Holdings and a redomicile to Texas.Innovative Food Holdings Financial Statement Overview
Summary
Innovative Food Holdings shows strengths in revenue growth and cost management, yet profitability is a concern due to volatile net income and modest margins. The balance sheet is moderately leveraged, but declining equity poses risks. Cash flow management needs improvement, with negative operating and free cash flows impacting growth.Income Statement
Innovative Food Holdings has shown a positive revenue growth trajectory, with TTM revenues increasing from the previous year. The gross profit margin is stable at approximately 23%, indicating efficient cost management. However, net income has fluctuated, with the TTM net profit margin at around 1%, suggesting limited profitability. The TTM EBIT margin stands at 0.65%, and the EBITDA margin is 2.49%, reflecting modest operational efficiency improvements.65
Positive
Balance Sheet
The company has a moderate balance sheet with a debt-to-equity ratio of 0.13 in the TTM period, indicating manageable leverage. However, stockholders' equity has declined over time, impacting the equity ratio, which stands at 31.2% in the TTM period. Return on Equity for the TTM period is approximately 9.63%, showcasing some return on shareholder investment but with potential risks from equity fluctuations.55
Neutral
Cash Flow
Cash flow analysis reveals challenges, with negative operating and free cash flows in the TTM period. The operating cash flow to net income ratio is -1.82, and the free cash flow to net income ratio is -0.44, indicating cash flow issues despite net income. The free cash flow has improved compared to the previous year, but the company needs to address cash flow sustainability.45
Neutral
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 72.13M | 72.22M | 80.10M | 62.21M | 51.68M |
| Gross Profit | 16.85M | 17.53M | 18.69M | 16.95M | 13.82M |
| EBITDA | 3.71M | -2.65M | 96.64K | 266.09K | -6.49M |
| Net Income | 2.61M | -4.36M | -1.35M | -716.33K | -7.67M |
Balance Sheet | |||||
| Total Assets | 27.35M | 21.32M | 23.42M | 23.78M | 23.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.33M | 5.24M | 4.90M | 6.12M | 5.06M |
| Total Debt | 9.88M | 9.34M | 8.40M | 8.71M | 10.92M |
| Total Liabilities | 19.17M | 18.52M | 16.83M | 16.37M | 19.27M |
| Stockholders Equity | 8.17M | 2.81M | 6.59M | 7.41M | 3.88M |
Cash Flow | |||||
| Free Cash Flow | -6.59M | -557.97K | -714.05K | -3.69M | -2.21M |
| Operating Cash Flow | -6.27M | -435.56K | -599.09K | -3.66M | -1.76M |
| Investing Cash Flow | 1.21M | -36.33K | -114.97K | -24.51K | -450.39K |
| Financing Cash Flow | 2.02M | 994.83K | -509.22K | 4.75M | 3.30M |
Innovative Food Holdings Technical Analysis
Negative
1.13
Price Trends
1.30
Negative
1.52
Negative
1.70
Negative
Market Momentum
-0.05
Positive
33.31
Neutral
37.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IVFH, the sentiment is Negative. The current price of 1.13 is below the 20-day moving average (MA) of 1.19, below the 50-day MA of 1.30, and below the 200-day MA of 1.70, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 33.31 is Neutral, neither overbought nor oversold. The STOCH value of 37.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IVFH.
Innovative Food Holdings Risk Analysis
Innovative Food Holdings disclosed 32 risk factors in its most recent earnings report. Innovative Food Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Innovative Food Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $295.42M | 15.25 | 12.29% | 2.73% | 11.68% | 82.59% | |
74 Outperform | $2.56B | 38.81 | 13.64% | ― | 7.90% | 68.05% | |
71 Outperform | $898.93M | 2,245.98 | -1.38% | 3.30% | 0.26% | -119.66% | |
65 Neutral | $70.60M | 52.59 | 1.18% | 0.91% | 6.00% | -79.17% | |
63 Neutral | $20.37B | 12.71 | -7.34% | 3.15% | 2.86% | -10.22% | |
53 Neutral | $61.91M | 75.84 | 10.96% | ― | 7.05% | ― | |
49 Neutral | $156.39M | ― | -18.85% | ― | 4.71% | -1754.14% |
* Consumer Defensive Sector Average
Performance Comparison
IVFH
Innovative Food Holdings
1.13
-0.29
-20.42%
DIT
Amcon Distributing Company
109.38
-38.75
-26.16%
WILC
Willi Food Inte
21.28
12.02
129.81%
SPTN
SpartanNash Co
26.55
8.11
43.98%
CHEF
The Chefs' Warehouse
62.88
26.38
72.27%
HFFG
HF Foods Group
2.95
-0.16
-5.14%
Innovative Food Holdings Corporate Events
M&A TransactionsBusiness Operations and Strategy
Innovative Food Holdings Sells Pennsylvania Warehouse
Positive
Aug 1, 2025
On July 28, 2025, Innovative Food Holdings, Inc. entered into an agreement to sell its Pennsylvania warehouse to Mountaintop Holdings for $9,725,000, with the transaction expected to close by September 30, 2025. This strategic move is part of the company’s decision to exit the cheese conversion business, eliminate approximately $9 million in debt, and relocate profitable operations to its Chicago facility, thereby improving its financial position and operational focus.
Executive/Board ChangesShareholder Meetings
Innovative Food Holdings Holds 2025 Annual Stockholders Meeting
Neutral
May 29, 2025
On May 28, 2025, Innovative Food Holdings, Inc. held its 2025 Annual Meeting of Stockholders, where stockholders voted on three proposals. The election of directors resulted in the appointment of Robert W. Bennett, James C. Pappas, Mark Schmulen, Denver J. Smith, and Brady Smallwood to the Board for a one-year term. Additionally, the appointment of Stephano Slack LLC as the independent registered public accounting firm was ratified, and the company’s executive compensation was approved by a non-binding advisory vote. The meeting also marked the retirement of directors Hank Cohn and Jefferson Gramm.
Executive/Board Changes
Sam Klepfish Resigns from Innovative Food Holdings Board
Neutral
May 21, 2025
On May 15, 2025, Sam Klepfish resigned from his position as an independent member of the board of directors of Innovative Food Holdings, Inc., effective immediately. His resignation was due to personal reasons and not due to any disagreements with the company. Despite his resignation, Mr. Klepfish retains Board Observer rights as per the SK Agreements, although he has chosen not to exercise these rights at present.
M&A TransactionsShareholder MeetingsBusiness Operations and Strategy
Innovative Food Holdings Announces 2025 Annual Meeting
Positive
May 14, 2025
Innovative Food Holdings, Inc. announced its 2025 Annual Meeting of Stockholders scheduled for May 28, 2025, in New York, where shareholders will have the opportunity to engage with the company’s board and management. In a letter to shareholders, CEO Bill Bennett highlighted the company’s strategic progress in 2024, including divesting non-core operations, achieving significant revenue growth, and completing profitable acquisitions. The company aims to continue integrating these acquisitions and scaling its operations, with a long-term goal of reaching $1 billion in revenue.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.