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Innovative Food Holdings Inc (QB)

Innovative Food Holdings Inc (QB) (IVFH)

0.999535
0.06953
(7.48%)
Closed March 28 04:00PM

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Key stats and details

Current Price
0.999535
Bid
0.96
Ask
1.02
Volume
80,948
0.97 Day's Range 1.01
0.30 52 Week Range 1.12
Market Cap
Previous Close
0.93
Open
0.97
Last Trade
100
@
0.999535
Last Trade Time
Financial Volume
$ 80,333
VWAP
0.992406
Average Volume (3m)
66,047
Shares Outstanding
48,979,067
Dividend Yield
-
PE Ratio
-36.23
Earnings Per Share (EPS)
-0.03
Revenue
80.1M
Net Profit
-1.35M

About Innovative Food Holdings Inc (QB)

Sector
Groceries, General Line-whsl
Industry
Groceries, General Line-whsl
Website
Headquarters
Bonita Springs, Florida, USA
Founded
1970
Innovative Food Holdings Inc (QB) is listed in the Groceries, General Line-whsl sector of the OTCMarkets with ticker IVFH. The last closing price for Innovative Food (QB) was $0.93. Over the last year, Innovative Food (QB) shares have traded in a share price range of $ 0.30 to $ 1.12.

Innovative Food (QB) currently has 48,979,067 shares outstanding. The market capitalization of Innovative Food (QB) is $48.98 million. Innovative Food (QB) has a price to earnings ratio (PE ratio) of -36.23.

IVFH Latest News

Form 8-K - Current report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K      CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities...

Form 8-K - Current report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act...

Form 8-K - Current report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act...

Form 8-K - Current report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act...

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Innovative Food Holdings, Inc (Name of...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.0496355.22528687230.94991.10.93933521.00529723CS
4-0.040465-3.890865384621.041.120.85594960.96027885CS
120.21013526.61958449460.78941.120.67660470.85652247CS
260.25453534.16577181210.7451.120.5201638390.77539379CS
520.699535233.1783333330.31.120.3573430.65987765CS
1560.589235143.6107726050.41031.120.12481370.47383532CS
2600.529535112.6670212770.471.120.12709950.52173676CS

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IVFH Discussion

View Posts
Lucky_Luciano Lucky_Luciano 4 weeks ago
IVFH up 250% on Noble Roman's Portfolio, and I have it on good authority that he has all 71,000 of his shares still.

Time to review his post from 8-22-22:

---------------------------------------------------
1. You really don't know what's happening. The letter is fresh, and he wasn't able to talk to Banderas and Pappas according to his letter. We don't know if they are in discussions now or not.

2. It's not possible to conclude if Pappas and Banderas bought in or IFFF Denver Smith proposed it. But with Denver's allies and his recent buying, Pappas and Banderas, it doesn't take a big percentage of the retail investors to get in board. And the onlne consensus there is pretty clear. There is that path.

3. It's not that logical to conclude they see no way out of the mess. Banderas put up $3M of his own money last year. That's not very long ago and the landscape hasn't changed. Whatever he saw then, he sees now. And #2 is another fork in the road and way out. If they don't take it, that too is most likely bullish. Or, it means they were duped. Which I dn't find logical, but it may be a good coping mechanism for others that may have been duped. The more logical thing to concluce is that these high IQ's that may or may not be on the same page as Sam now -- or Sam on board with them now -- is that an intelligent plan fails. And that's called risk. And the floor is not that far below. It's only 20 cents. Unless someone were to have all their eggs in this basket, no reason to panic as the nervous nellies around here 24/7.

4. The fact that the stock doesn't trade high enough means they have no liquidity, as I noted. And that they are underwater, as I noted. So, they are stuck. That's bullish to me. A fire under their rears and a short runway without taking on more debt or more dilution at their own expense. It's called having Mr. Market in a headlock.

5. It's not obvious what, if anything, Denber presented or whether or not the board supported it or an agreement was reached. There will be a plan. There always is. And the fact that there is no way out for them but crash, burn, or fly, is good enough for me.
___________________________________________________

Please don't argue with Noble Roman again. Or me, for that matter. As you can see, it's very costly when you think it's more important to be not wrong than it is to be right.
👍️0
chainma1l chainma1l 1 month ago
Seems a little early for an earnings run up.
👍️0
trading.jeff trading.jeff 7 months ago
Looks like $IVFH is breaking out of the sideways funk it's been in for 2-3 weeks.
👍️0
trading.jeff trading.jeff 7 months ago
$IVFH bid has been moving up in .0001 increments, this morning.
👍️0
chainma1l chainma1l 7 months ago
I am. Been in for a few months.
Legit question, not FUD. Share count. It's right on the edge of being too high. I would think they are going to want to uplist. Do they reverse split? Buy back? Go private?
I think the company is easily worth $50 million, so patience likely gets them to the magic $1 mark, but I think NASDAQ needs them at at least $3 to list them. Reverse split is the fastest and cheapest way to get to $3+. Buy back would be better for shareholders, but costs money. Going private right now is probably another relatively inexpensive option and if Yahoo is correct, around 62% of the company is owned by insiders and institutions, so that wouldn't take much work.
Or does does the board just say "whoa. We have way bigger fish to fry and the stock is going to do whatever it's going to do."
Hopefully Bennett can keep the current trajectory. I think current fair value is ~$1.
👍️0
trading.jeff trading.jeff 7 months ago
Is anyone awake and paying attention here?

$IVFH
👍️0
trading.jeff trading.jeff 7 months ago
Three Form 4's were filed yesterday indicating insider purchases over the past few days:
https://www.otcmarkets.com/filing/conv_pdf?id=16879114&guid=kvN-kHadOtVaJth
https://www.otcmarkets.com/filing/conv_pdf?id=16879218&guid=kvN-kHadOtVaJth
https://www.otcmarkets.com/filing/conv_pdf?id=16879365&guid=kvN-kHadOtVaJth

$IVFH
👍️0
trading.jeff trading.jeff 7 months ago
$IVFH pps is taking another breather, but the BxA looks ready to go, again.
👍️0
BornAgain BornAgain 7 months ago
I am back in with a small position, I wish I had a larger position. I may have to add some more on any dips.

GLTA!!!
👍️ 1
trading.jeff trading.jeff 8 months ago
Looks like this week's consolidation could be finished. Currently, the pps is at .55, above Monday's high/close of .54. Obviously, the day isn't over and anything could happen, but things are looking good.

The pps hasn't been in the mid-.5s in over two years.

$IVFH
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trading.jeff trading.jeff 8 months ago
$IVFH Form 10-Q (2Q23 quarterly report):

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000312257/000118518523000791/innovfood20230630c_10q.htm
👍️0
Amigo Mike Amigo Mike 8 months ago
Finally looks like IVFH is turning the corner and ready to move ahead.

Ah .... what quality mgmt brings to the table eh ? A breath of fresh air.
Might have to start dipping toe into this name again.

Amigo Mike
👍️ 1
BornAgain BornAgain 8 months ago
The conference call sounded solid, I see better things coming in the future here!!!

GLTA!!!
👍️0
BornAgain BornAgain 8 months ago
Positive Earnings Report!!!

https://www.stocktitan.net/news/IVFH/innovative-food-holdings-inc-reports-financial-results-for-second-88ruvgudm2sy.html
👍️0
trading.jeff trading.jeff 8 months ago
Seeing a bit of consolidation, taking a breather, after a nice run before possibly resuming the uptrend.

$IVFH
👍️0
trading.jeff trading.jeff 8 months ago
Indeed, the uptrend is continuing. Today's volume was a little light, less than 50K shares traded, but buys outnumbered sells by more than 6x:

https://ih.advfn.com/stock-market/USOTC/innovative-food-qb-IVFH/trades

$IVFH
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TrendTrade2016 TrendTrade2016 8 months ago
IVFH...the trend continues
👍️0
TrendTrade2016 TrendTrade2016 8 months ago
IVFH...BEST OTC AND ONLY OTC PLAY...HEADING NORTHGREAT EARNINGS...AMAZING CHART!
👍️0
trading.jeff trading.jeff 8 months ago
$IVFH Highest pps since late September/early October 2021.
👍️0
trading.jeff trading.jeff 8 months ago
$IVFH PR: Innovative Food Holdings, Inc. To Hold Investor Call August 10
BONITA SPRINGS, Fla., Aug. 01, 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 August 10, 2023 at 9:00 am Eastern Time via Zoom and by phone. The purpose of the meeting will be for management to discuss the Company's second fiscal quarter results for the quarter ended June 30, 2023, followed by Q&A with investors.

Investors and other interested participants may attend the call on the web or by phone as follows:

Join Zoom Meeting online: https://us02web.zoom.us/j/83669790398?pwd=NG9qcXVpeE03WmtTb0pZK1hXNjNiQT09

Meeting ID: 836 6979 0398
Passcode: 487262

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$IVFH
👍️0
trading.jeff trading.jeff 9 months ago
$IVFH PR: Innovative Food Holdings, Inc. Announces Recap of First 100 Days of CEO Bill Bennett
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 Chefs and Home Gourmets, today announced the completion of CEO Bill Bennett’s first 100 days with the Company, and shared a recap of the accelerated pace of change he has initiated so far. This includes progress on several of the initiatives outlined in his recent shareholder letter, such as the Company’s cash flow management, financing structure, and e-commerce strategy.

Under Mr. Bennett’s leadership over the last 100 days, IVFH has refreshed its board of directors, elected a new chairman, hired a new outside general counsel (Ellenoff Grossman & Schole LLP), onboarded new auditors (Assurance Dimensions), updated and expanded the Company’s corporate governance documents and board committee charters, made significant business process changes to improve margins, refinanced the Company’s outstanding short term loans with significant maturity extensions, increased the borrowing capacity of the Company, hired a new COO (Brady Smallwood), and finalized a budget and incentive program for 2023 focused on prudent growth and profitability.

In addition, the Company has made important progress on the evolution of its e-commerce strategy. As stated in Mr. Bennett’s April 2023 letter to shareholders, the Company is focusing on improving customer retention and lifetime value by examining each step of the end-to-end customer journey, identifying areas of fallout, and testing aggressively. Such efforts have included 1) iGourmet’s recent launch of its first ever loyalty program and 2) its new gourmet meat offering “Butcher Counter by iGourmet”, with a focus on creating new customer purchase occasions.

Lastly, Mr. Bennett has implemented a Company-wide re-organization dubbed “One IVFH” to put the customer at the center of the Company. With three distinct business units (Professional Chef, Home Gourmet, and Brand Services), this new structure is intended to (1) unlock growth, (2) establish clear accountabilities, and (3) enable faster innovation.

“I have focused my first 100 days on getting the right leaders in the right roles and on setting the Company on a path to driving shareholder value,” stated Bill Bennett, CEO of IVFH. “I have been incredibly impressed by the team we have here at IVFH. They are passionate and committed and are jumping into their new roles with vigor. As I stated in my first annual shareholder letter, we remain on track to publicly discuss our longer-term strategy later this year.”

Mr. Bennett continued, “I’ve also enjoyed my conversations with many investors who have reached out to welcome me to the Company and wish me well. I look forward to continued dialog and transparent communication with our shareholders. In fact, I’m excited to announce that starting with our Q2 earnings release in August, we plan to initiate quarterly earnings calls with investors. Further details on the call timing and logistics will be the subject of a future press release.”
https://www.globenewswire.com/news-release/2023/07/11/2702601/0/en/Innovative-Food-Holdings-Inc-Announces-Recap-of-First-100-Days-of-CEO-Bill-Bennett.html
👍️0
Lucky_Luciano Lucky_Luciano 10 months ago
James Pappas now the new Chairman.

We should look to see what everybody was saying one year ago on 5-31-22. I call that the lag time to understanding. Not sure what they didn't understand. Stay tuned for next year to understand what's happening now!
👍️0
trading.jeff trading.jeff 10 months ago
Kroger, Walmart, and Freddie Mac are in this gentleman's resume. Appears not to be a lightweight.

$IVFH
👍️0
BornAgain BornAgain 10 months ago
Good to see big names coming to IVFH

Innovative Food Holdings Appoints Brady Smallwood as Chief Operating Officer
8:00 AM ET 5/17/23 | GlobeNewswire

Innovative Food Holdings Appoints Brady Smallwood as Chief Operating Officer

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d24cc2e-c412-49b6-b465-581c28553c7b

BONITA SPRINGS, Fla., May 17, 2023 (GLOBE NEWSWIRE) -- 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. Smallwood will develop, integrate, and oversee companywide strategies designed to maximize efficiencies and drive growth across all business categories.

"We are excited to welcome Brady to IVFH. His extensive experience developing and implementing profitable retail strategies at complex, multi-billion-dollar companies, including Kroger and Walmart, is complemented by his smaller company, eCommerce experience in the direct-to-consumer space. We believe Brady's skillset will help drive and execute our strategic objectives and deliver value to our shareholders," states Bill Bennett, CEO of Innovative Food Holdings. "As Brady and I have worked together in several capacities over the last decade, we have repeatedly focused on providing organizations with strategic structure and strong execution. I'm thrilled to welcome Brady to IVFH as we pursue the potentially incredible opportunities that lie ahead of the Company."

Mr. Smallwood was most recently Sr. Director -- eCommerce at The Kroger Co. In this role, he was responsible for the strategy, planning, and operations of Kroger's $10+ billion eCommerce business. He also led the recent launch and implementation of Kroger's rapid grocery delivery business. He joined Kroger from Walmart where he last served as Director -- Merchandise Operations leading multiple digital transformation initiatives. Mr. Smallwood's previous experience spans leading consumer, retail, and financial organizations including Younique Products, a former subsidiary of Coty, Inc., American Capital, and Freddie Mac. Mr. Smallwood received a bachelor's degree in Business Management from Brigham Young University and obtained a master's degree in Business Administration from The University of Chicago Booth School of Business, where he was an honors graduate and marketing scholarship recipient.

About Innovative Food Holdings, Inc.

At IVFH, we help make meals special. We provide access to foods that are hard to find, have a compelling story, or are on the forefront of food trends. Our gourmet foods marketplace connects the world's best artisan food makers with top professional chefs and passionate home chefs nationwide. We curate the assortment, experience, and tech enabled tools that help our professional and home chefs create unforgettable experiences for their guests and families. IVFH's owned online retail brands include www.igourmet.com, www.plantbelly.com and www.mouth.com.

Additional information is available at www.ivfh.com.

Forward-Looking Statements

This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "will," "anticipate," "believe," "intend," "plan," "might," "potentially" "targeting" or "expect." Additional factors that could also cause actual results to differ materially relate to the global COVID-19 crisis, international crisis, environmental and economic issues and other risk factors described in our public filings. The Company does not intend to update these forward-looking statements. The content of the websites referenced above are not incorporated herein.
names coming on board to
this company...
👍️0
greasemonkeyshoes greasemonkeyshoes 11 months ago
so far so good.....
will it break 50c soon?i hope so,just pick up few more shares around 43c today.
👍️0
Lucky_Luciano Lucky_Luciano 12 months ago
Attitudes sure changed around here. Perhaps it's time to take a look a Noble Roman's post here that I'm responding too. Perhaps some apologies are in order. Who would like to go first. To recap a few things he said:

1. You really don't know what's happening. The letter is fresh, and he wasn't able to talk to Banderas and Pappas according to his letter. We don't know if they are in discussions now or not.

2. It's not possible to conclude if Pappas and Banderas bought in or IFFF Denver Smith proposed it. But with Denver's allies and his recent buying, Pappas and Banderas, it doesn't take a big percentage of the retail investors to get in board. And the onlne consensus there is pretty clear. There is that path.

3. It's not that logical to conclude they see no way out of the mess. Banderas put up $3M of his own money last year. That's not very long ago and the landscape hasn't changed. Whatever he saw then, he sees now. And #2 is another fork in the road and way out. If they don't take it, that too is most likely bullish. Or, it means they were duped. Which I dn't find logical, but it may be a good coping mechanism for others that may have been duped. The more logical thing to concluce is that these high IQ's that may or may not be on the same page as Sam now -- or Sam on board with them now -- is that an intelligent plan fails. And that's called risk. And the floor is not that far below. It's only 20 cents. Unless someone were to have all their eggs in this basket, no reason to panic as the nervous nellies around here 24/7.

4. The fact that the stock doesn't trade high enough means they have no liquidity, as I noted. And that they are underwater, as I noted. So, they are stuck. That's bullish to me. A fire under their rears and a short runway without taking on more debt or more dilution at their own expense. It's called having Mr. Market in a headlock.

5. It's not obvious what, if anything, Denber presented or whether or not the board supported it or an agreement was reached. There will be a plan. There always is. And the fact that there is no way out for them but crash, burn, or fly, is good enough for me.

So, simple logic alone rules the day. Overthinking, as usual, kept people from buying below .20. You can lead a mule to water...

Let's take a look at this letter today from the new CEO. Didn't even have to spill blood to get a new CEO. Oh, what was that earlier about the former CEO would never step down. Oh, he had a secret weapon up his sleeve. Was that right?

You know, I read this letter, and I just know he gets it.

I think it's safe to conclude that nobody would step down from a $10-billion dollar division in a much more stable company to a company with a $17-million market cap on shaky ground. Unless they are a High School Track star on the Varsity team and asked to join the little league team with the condition that if they take them to State, you get Olympic sized income and sponsorship.

"Most recently, I led eCommerce for The Kroger Co., responsible for Kroger’s $10 billion eCommerce business. "

Since the former only used to happen in my dreams, I think it's safe to conclude that dreams do happen on Wall Street.

My current 14.7% paper return is chump change. Not acceptable for this risk/return/duration. I'm looking forward to 140% return here. I think it's quite doable. Actually, to be honest, 400% is quite doable. 140% is also chump change.

Truth!
👍️0
trading.jeff trading.jeff 12 months ago
Letter to shareholders from new CEO, Bill Bennett:
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.

Dear Fellow Shareholders,

With just a few weeks under my belt, it is thrilling to write my first letter to our shareholders. As you may know, I joined IVFH as CEO on February 28, 2023, after an extensive career at several Fortune 500 food, consumer, and retail companies. Most recently, I led eCommerce for The Kroger Co., responsible for Kroger’s $10 billion eCommerce business. I am honored to have the opportunity to serve IVFH as CEO and leverage my background, network, and leadership experience to take IVFH to the next level. I am excited by the opportunities ahead of us and believe the Company can create significant value for its customers, team members, and shareholders.

I’m particularly excited to take over at a time when the Company has made great strides in its financial results, especially over the last two quarters. In 2022, IVFH grew revenues by 28.8% to an annual record of $80.1 million. This was driven by a strong fourth quarter, with revenues up 14.5% to a quarterly record of $23.9 million. But even more impressive was the way we achieved this growth as we improved SG&A from 33.0% of revenue to 24.6% of revenue. In addition, after several years of unprecedented eCommerce growth, we made the bold decision to pull back on our marketing spend to focus on profitability, while improving the customer experience.

Over the first several weeks of my journey here, I’ve been getting to know IVFH from the inside, meeting our passionate and committed team members, touring our facilities, and delving into our financials. My next few weeks will be spent getting to know our customers, partners, and service providers. Over the near term, my goal is to create a cohesive strategy and organization. There is so much opportunity at IVFH, and it will be exciting to pull it all together into a crisp package so we can discuss where we are headed with our team members, customers, partners, and shareholders.

Everything we do is with a lens towards creating shareholder value. Three key principles govern our work: 1) Managing cash flow is of utmost importance, and we still have work to do to produce consistent positive operating cash flow. 2) Building a consistent and reliable financing structure is critical. We will achieve an important milestone when we hopefully receive approval from the USDA on our loan guarantee, refinancing our short-term loan into a 30-year loan, and equipping us with additional growth capital. 3) Managing equity dilution to ensure our hard work pays off. For example, my compensation package does not include a single share of stock until the Company hits some meaningful stock price thresholds. As my tenure as CEO develops, look for more details on our strategic plan later this year.

In the meantime, I want to share a few key observations I have had so far.

First, after spending nearly 20 years across many of the world’s leading food, consumer, and retail companies, I believe IVFH offers something truly unique in the marketplace. Our ability to find a myriad of small, unique products and seamlessly provide them to a large customer base, is a competency that cannot be easily replicated. I have already heard from many of our professional chef and aspiring home chef customers about the value we bring. We simply scale the unscalable and focus on providing our customers with a unique assortment and high level of service.

Second, because we have a diversified range of businesses to build from, I believe that significant revenue growth opportunities exist. Partnerships with several of our broadline customers are nascent. The eCommerce market for food remains in its early days, and our share of that market is underdeveloped. Our broad assortment can be better utilized across all our selling channels, and our capabilities can be more broadly leveraged.

Third, I believe there are meaningful opportunities to expand profitability. While gross margin suffered in the 2022 fourth quarter, we understand the causes and we are working quickly to address them. We also need to think about our mix of business. To grow our eCommerce business going forward, it cannot lose money and offset the gains we have in our profitable food service business. We must change the structure of the business and the go-to-market strategy to ensure we can do so profitably. The biggest element of the change needs to be driven by delving into every aspect of customer retention to ensure that when we spend marketing dollars to attract a customer, we build a relationship and keep them for the long term. We are examining each step of the end-to-end customer journey, identifying areas of fallout, and making the necessary improvements. The fourth quarter was a good step forward on eCommerce profitability with improvements in our acquisition costs and conversion rates. I am confident IVFH can make continued progress there.

I will finish by saying thank you. Thank you for your support, your commitment to IVFH, and your partnership in growing this business profitably. I look forward to sharing more on our strategy with you later this year.

In the meantime, if you have any questions, concerns, or comments please contact me. I’d love to connect and hear from you.

Sincerely,

Bill
https://marketwirenews.com/news-releases/innovative-food-holdings-inc-releases-letter-to-shar-7151334502141197.html?t=934108

$IVFH
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greasemonkeyshoes greasemonkeyshoes 12 months ago
here i go again without sam's baggage...
after latest er,i picked up 10000 shares at 37c/38c because of
gross margin 25%
sg&a 20%
new projection:
2024(current year) 5c or pe=37/5c=7.5 at current trade price
2025 8c
2026 11c
i believe this about what i paid 6+ years ago before the price gone on a roller coaster ride,all for nothing.will this time different?odds going back to the old glory days again,are 75% on the long side.
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Greenaccountingbean Greenaccountingbean 12 months ago
https://www.nasdaq.com/press-release/innovative-food-holdings-inc.-reports-financial-results-for-fourth-quarter-and-full-2
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greasemonkeyshoes greasemonkeyshoes 12 months ago
i would buy.....
if revenue is up above $22 million and expense is kept below $4.5 million,what is the odds of both hits? 25% chance and my powder is ready for action.
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trading.jeff trading.jeff 1 year ago
Maybe my earlier post was too soon to determine if today's action was capitulation. It could have been, but the February 7 gap was filled, today, then the pps moved back up nicely. Buys outnumbered sells by a huge margin:

https://ih.advfn.com/stock-market/USOTC/innovative-food-qb-IVFH/trades

$IFVH
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trading.jeff trading.jeff 1 year ago
$IVFH 2/7 gap is filled on heavy volume; almost looks like capitulation.
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Lucky_Luciano Lucky_Luciano 1 year ago
I'm just waiting for Noble Roman to come take his victory lap dance. Wonder what the hold up is. He was right. Through simple logic alone. He must be too busy rolling in the money somewhere.
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Dickmo Dickmo 1 year ago
I just wonder if this new CEO is going to understand that he is dealing with a small business and not a mature version of a big business like Kroger. He's going to come in and I am concerned that he'll find that the company is ill-equipped to grow. The company's direct to consumer business was a one hit wonder suitable only for the Pandemic. It's too expensive, it lacks a marketing niche, and it doesn't have the distribution to ship to many people quickly and inexpensively.
As for the company's base business of serving restaurants, growth will be expensive. The company needs to shrink its reliance on US Foods - not because USF is unreliable, but because it is a major red flag to possible acquirers. This means the company is going to need other distributors or ship direct to foodservice clients. The company will need additional fulfillment centers to make that happen.
Bottom line - expect a step back in profitability before the company can move two steps forward. But from a leadership standpoint, this is excellent news.
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greasemonkeyshoes greasemonkeyshoes 1 year ago
legacy issues on the table thanks to sam.....
it is all about the numbers and nothing personal.
structural vulnerability need to be addressed:
drive gross margin back up above 25%(of revenue) consistently vs historical 27% norm.
keep expense below 22% is a must,like what was achieved in the latest q,vs 30% norm.
what i like to see going forward(in term of revenue):
2023: both gross margin up 1% and expense down 1%
2024: repeat above
2025: repeat above
eps projection:
with 5% revenue growth and inflation effect passed on to customers
2023: 25-22+1(from growth)=4% or 2c
2024: 26-22+1.5=5% or 3c
2025: 27-22+2=6% or 4c
again i believe what urgently needed to be focus on is to maintain expense ratio at 22% or lower which is easier said than done.
i hope the new ceo is determined to re-transform the company back to 10%+ profitability many years ago,unfortunately this take time,and need to be slugged out 24/7.we should know how he was doing in q3,2023.
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Greenaccountingbean Greenaccountingbean 1 year ago
https://seekingalpha.com/news/3932884-innovative-food-holdings-names-new-ceo
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greasemonkeyshoes greasemonkeyshoes 1 year ago
2 interesting and positive developments........................
a break from the last 4-5 years of shit show and silliness!
1. Selling, general, and administrative expenses:
Selling, general, and administrative expenses decreased by $677,692 or approximately 14% to $4,320,981 during the three months ended September 30, 2022 compared to $4,998,673 for the three months ended September 30, 2021. The decrease in selling, general, and administrative expenses was primarily due to a decrease in payroll and related costs in the amount of $301,946 and a decrease in advertising and digital marketing costs of $355,378. Other components of the decrease in sales, general, and administrative expenses include a decrease in computer and IT costs of $22,113; a decrease in professional and legal fees of $20,587, and a decrease in banking and credit card fees of $15,736; and a decrease in insurance costs of $7,092. These decreases were partially offset by an increase in travel and entertainment costs of $17,903, an increase in office & facilities costs of $16,432, and an increase in taxes of $11,124. The decrease in sales, general, and administrative expenses represent the results of our overall cost-cutting efforts as well as the restructuring of our marketing and advertising programs.
2. BOARD OBSERVER AGREEMENT
Effective November 28, 2022 the Company entered into a Board Observer Agreement with Denver J. Smith (the “Agreement”). Mr. Smith is part of a Schedule 13D group (the “Group”) which holds approximately 8.3% of our outstanding common stock. The Group had threatened a proxy contest, and to avoid expense and disruption associated with a proxy contest the company has signed the Agreement with the Group. The Agreement provides, among other things, that for up to six (6) months, with certain minor limitations, Mr. Smith will have observer status at all meetings held by our Board of Directors as well as meetings held by the various Committees of our Board of Directors. In addition, the Agreement provides for Mr. Smith to become a member of our Board of Directors on or before the six (6) month anniversary of the Agreement subject to fulfillment of the Board’s fiduciary responsibilities. The Agreement contains certain “standstill” provisions regarding proxy contests, Board membership and joining certain ownership groups. The Agreement is conditional upon the Group maintaining certain minimum ownership of our common stock as well as imposing duties of confidentiality and securities law compliance.

I am taking ivfh off my shit list and just may be I would invest in it after next ER.
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cmelton cmelton 1 year ago
Anyone know when q3 earnings are expected?
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Dickmo Dickmo 1 year ago
Maybe I missed it, but I don't see a press release about how the company facility in Bonita Springs did as a result of the storm. Seems off that good, bad, or otherwise, the company doesn't feel that a Cat 4 storm hit doesn't warrant an SEC filing.
If they lost power, and I can only assume they did given their location, one wonders how much food they lost.
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greasemonkeyshoes greasemonkeyshoes 1 year ago
hurricane risk....
shipping stops for 1 week?
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greasemonkeyshoes greasemonkeyshoes 2 years ago
down to 16c low ...........
where is ds?????not good if he changed his mind and stopped buying more ivfh shares.
ps-50% chance of breaking new lows of 12.5c before end of the year.
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greasemonkeyshoes greasemonkeyshoes 2 years ago
healthy volume of 216K.....
where is ds and his buying???if no active investors are buying,the price target is 10c before year end.
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tjwid tjwid 2 years ago
I said the largest issue was that they aren't generating enough sales/gp to cover their overhead. Partially related to ineffective marketing, but mostly because they don't have a strong enough value prop.
They are marketing.... and spending quite a bit, here is an excerpt from the most recent 10-q:

"The increase in selling, general, and administrative expenses was primarily due to an increase in advertising and digital marketing costs of $438,216, which includes an expense of $86,866 in digital marketing fees associated with a settlement of digital marketing fees to a service provider"

That's an increase of $432k for 13 weeks on $3M in ecom sales.

Sam also pointed out in the latest press release that their marketing is performing worse, most likely due to the ios update:
"Second quarter and year-to-date sales also reflect the strength of our platforms as record foodservice revenue successfully offset normalizing eCommerce trends and industry wide changes impacting the effectiveness of digital marketing."

"They need to grow the ecomm sales for sure but they aren't marketing and ecomm sales haven't grown in the last 4-5 quarters. So my guess is that's not their strategy."

Ecom sales haven't grown in the past 4-5 quarters, but it isn't due to a lack of marketing, it's due to the influence of COVID in past periods.
And to be clear... ecom is not part of their strategy... it is their strategy.
OUR MISSION
LEVERAGE OUR TRANSFORMATIVE
FOOD-FOCUSED ECOMMERCE PLATFORM TO BUILD, AGGREGATE & GROW ONLINE RETAILERS & DTC BRANDS.
https://www.ivfh.com/mission
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cmelton cmelton 2 years ago
I agree, we're putting a lot of faith into a team who has barely, if ever, even shown a bright spot.

But I think marketing being the issue is a bad take. It's an overly simplified argument. It doesn't seem to me like they have actually made a real investment in marketing. I have a marketing background so I might be a little biased but right now it looks like they are doing 0 marketing and they haven't slowed their losses. It seems the PA facility is a burden. It's too big. I'm sure they are not nearly as efficient as they should be because of the size. They need to grow the ecomm sales for sure but they aren't marketing and ecomm sales haven't grown in the last 4-5 quarters. So my guess is that's not their strategy. Decent digital marketers are not that hard of a find. Decent digital marketers who want to "bleed money", as you suggest, are even less hard to find. If they can't find one that can generate enough GP in this space, it's probably the margin that is the issue and the high costs associated with the PA facility.

Take a look at their brand plantbelly that launched last year. This was the one Sam built in-house. It launched about a year ago and, from everything I can see, it's a total dud. It has no presence. There's 0 real customer reviews or feedback out there. Their social media has minimal followers and almost 0 engagement. If they are even making a sale a day at this point, I would be shocked. To me, this is the clearest snapshot of how Sam views an ecomm business. He has no idea how to make them work and shouldn't be running them.

The brand aggregation idea seems good in theory. But I think it's just a disappointment waiting to happen. 3PLs are everywhere. And most of them already have running a logistics operation figured out. Any business owner is going to do their due diligence and come to a similiar conclusion that ecommerce is not IVFH's bag. I think leaning into foodservice, maybe selling the warehouse and leasing it back, or leasing out the unused parts of the warehouse maybe the only way out for these guys.
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tjwid tjwid 2 years ago
There is a lot of faith here for a board and management team that deserve none. The fundamentals of the e-com business are broken, the only path to success is to abandon it and focus on the foodservice business, however, this goes against the 'IVFH Platform' strategy, so the likelihood of that happening are slim.

Why is the e-com business broken? The GP can't cover the overhead of the huge Mountain Top facility. The only way out of that is to grow sales - yet their marketing appears to be unprofitable (i.e. customer acquisition cost > lifetime value) - so they are going to continue to bleed money until there is none left.

The brand aggregation idea is a good one (it reduces the need for marketing spend because you are benefiting from the brand owner's marketing spend), but it won't generate nearly enough volume in the timetable they have.
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tjwid tjwid 2 years ago
no... correct board
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Dickmo Dickmo 2 years ago
Looks like five great reasons to continue throwing money at this wounded duck. Wish you luck. Count me out. Can you say 'falling knife'?
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NobleRoman NobleRoman 2 years ago
1. You really don't know what's happening. The letter is fresh, and he wasn't able to talk to Banderas and Pappas according to his letter. We don't know if they are in discussions now or not.

2. It's not possible to conclude if Pappas and Banderas bought in or IFFF Denver Smith proposed it. But with Denver's allies and his recent buying, Pappas and Banderas, it doesn't take a big percentage of the retail investors to get in board. And the onlne consensus there is pretty clear. There is that path.

3. It's not that logical to conclude they see no way out of the mess. Banderas put up $3M of his own money last year. That's not very long ago and the landscape hasn't changed. Whatever he saw then, he sees now. And #2 is another fork in the road and way out. If they don't take it, that too is most likely bullish. Or, it means they were duped. Which I dn't find logical, but it may be a good coping mechanism for others that may have been duped. The more logical thing to concluce is that these high IQ's that may or may not be on the same page as Sam now -- or Sam on board with them now -- is that an intelligent plan fails. And that's called risk. And the floor is not that far below. It's only 20 cents. Unless someone were to have all their eggs in this basket, no reason to panic as the nervous nellies around here 24/7.

4. The fact that the stock doesn't trade high enough means they have no liquidity, as I noted. And that they are underwater, as I noted. So, they are stuck. That's bullish to me. A fire under their rears and a short runway without taking on more debt or more dilution at their own expense. It's called having Mr. Market in a headlock.

5. It's not obvious what, if anything, Denber presented or whether or not the board supported it or an agreement was reached. There will be a plan. There always is. And the fact that there is no way out for them but crash, burn, or fly, is good enough for me.
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NobleRoman NobleRoman 2 years ago
1. You really don't know what's happening. The letter is fresh, and he wasn't able to talk to Banderas and Pappas according to his letter. We don't know if they are in discussions now or not.

2. It's not possible to conclude if Pappas and Banderas bought in or IFFF Denver Smith proposed it. But with Denver's allies and his recent buying, Pappas and Banderas, it doesn't take a big percentage of the retail investors to get in board. And the onlne consensus there is pretty clear. There is that path.

3. It's not that logical to conclude they see no way out of the mess. Banderas put up $3M of his own money last year. That's not very long ago and the landscape hasn't changed. Whatever he saw then, he sees now. And #2 is another fork in the road and way out. If they don't take it, that too is most likely bullish. Or, it means they were duped. Which I dn't find logical, but it may be a good coping mechanism for others that may have been duped.

4. The fact that the stock doesn't trade high enough means they have no liquidity, as I noted. And that they are underwater, as I noted. So, they are stuck. That's bullish to me. A fire under their rears and a short runway without taking on more debt or more dilution at their own expense. It's called having Mr. Market in a headlock.

5. It's not obvious what, if anything, Denber presented or whether or not the board supported it or an agreement was reached. There will be a plan. There always is. And the fact that there is no way out for them but crash, burn, or fly, is good enough for me.
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Dickmo Dickmo 2 years ago
If Denver had the votes, step number one would have been to control the board. That hasn't happened. It tells me that Sam is still in control. It doesn't seem that Pappas and Banderas are buying in. Why? I can only guess that they either don't see a way out of the mess, they think Sam can turn this around, or they are ready to write this off. The problem they have is that they can't get out. The stock doesn't trade enough to let them out without a much bigger loss.
Regardless of the reason, Sam remains at the top. Denver obviously hasn't presented a plan that others can support. That plan may not exist ever.
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