Innovative Food (IVFH)

Innovative Food Holdings, Inc. engages in the sourcing, preparation, and delivery of perishable and specialty food products. Its activities include distribution of fresh origin-specific perishable, and healthcare products to restaurants, hotels, country club, national chain accounts, casinos, hospitals, and catering houses. It offers products including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food, estate-bottled olive oils and aged vinegars. The company was founded in June 1979 and is headquartered in Bonita Springs, FL.

Company profile

Ticker

IVFH

Exchange

OTC

Website

www.ivfh.com

CEO

Samuel Klepfish

Incorporated

Florida

Location

Florida

Fiscal year end

Dec 31

Sector

Wholesale Trade > Packaged Frozen Food Merchant Wholesalers

Industry (SIC)

Wholesale - Groceries, General Line (merchandise)

Performance Food • United Natural Foods • Core-Mark Hldg • SpartanNash • Chefs` Warehouse • DTS8 Coffee • Amcon Distributing • Primo Water • Verus International • Pennexx Foods ...

Former names

ALPHA SOLARCO INC

SEC CIK

0000312257

Corporate docs

Articles of Incorporation & Bylaws

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Food Innovations, Inc. • Food New Media Group, Inc. • 4 The Gourmet, Inc. • Gourmet Foodservice Group, Inc. • Artisan Specialty Foods, Inc. • Haley Food Group, Inc. • Gourmet Foodservice Group • Organic Food Brokers, LLC • Gourmeting Inc. • Oasis Sales Corp. ...

IRS number

201167761

IVFH stock data

1M 1Y 5Y

Press releases

From Benzinga Pro

Carlson Ridge Capital Issues Open Letter to CEO and Board of Innovative Food Holdings

9 Jun 22

Earlier this week, Denver Smith of Carlson Ridge Capital, LLC released an open letter to the CEO and Board of Directors of Innovative Food Holdings, Inc. (IVFH). Amongst other things, this letter requests the

Innovative Food Holdings, Inc. Reports 2022 First Quarter Financial Results

17 May 22

Total revenue up 28% year-over-year to a first quarter record of $15.6 million Specialty foodservice revenue increased 69% year-over-year to a first quarter record Pursuing organic and non-organic initiatives to expand

Calendar

16 May 22

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart IVFH financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.11M	3.11M	3.11M	3.11M	3.11M	3.11M
Cash burn (monthly)	1M	(no burn)	482.16K	158.72K	957.76K	253.15K
Cash used (since last report)	4.33M	n/a	2.08M	683.88K	4.13M	1.09M
Cash remaining	-1.21M	n/a	1.03M	2.43M	-1.02M	2.02M
Runway (months of cash)	-1.2	n/a	2.1	15.3	-1.1	8.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

IVFH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 Aug 21	Pappas James C	Common Stock, $0.0001 par value	Buy	Acquire P	Yes	No	0.4	3,125,000	1.25M	7,686,443
26 Aug 21	Hank Cohn	Common Stock	Buy	Acquire P	Yes	No	0.4	3,125,000	1.25M	3,448,315

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2021

IVFH institutional ownership history Ownership history

13F holders	Prev Q	Change
Total holders	0
Opened positions	0
Closed positions	1	EXIT
Increased positions	0
Reduced positions	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	0	0
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: advisor, Concurrently, dining, fuel, IFI, IGP, PlantBelly, recovery, restaurant

Removed: administered, Administration, applied, approach, approved, assessing, competitor, congressionally, Conversely, converted, discounted, entertainment, established, exact, excluding, executing, grew, hand, implementing, improving, incoming, incorporated, meeting, modified, reached, recent, referred, retrospective, similar, timeframe, utilizing, waiver

From filing 10-Q 2022 Q1

Financial reports

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