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Innovative Food Holdings, Inc. - $IVFH STOCK NEWS

Welcome to our dedicated page for Innovative Food Holdings news (Ticker: $IVFH), a resource for investors and traders seeking the latest updates and insights on Innovative Food Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Innovative Food Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Innovative Food Holdings, Inc. (IVFH) reported improved third-quarter financial results, with adjusted EBITDA increasing to $0.9 million, marking the fifth consecutive quarter of year-over-year improved profitability. Gross margin improved by 568 basis points to 28.2%, although revenue declined by 13.8% to $17.3 million. The company also announced a capital reallocation strategy.
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18.68%
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Rhea-AI Summary
Innovative Food Holdings, Inc. will host an investor call on November 9, 2023, to discuss the Company's third fiscal quarter results for the quarter ended September 30, 2023. The call will also provide additional details on the Company's future strategy.
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-4.61%
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Rhea-AI Summary
Innovative Food Holdings, Inc. reported its financial results for the second quarter of 2023. The company's adjusted EBITDA improved by $1.2 million to $453,947, marking the first profitable second quarter since 2019. Second quarter revenue was down 8.2% year-over-year to $18.8 million. Gross margin improved 377 basis points to 25.4%, and SG&A declined by 271 basis points to 24.2%. The company generated $1.3 million in positive cash flow from operations, an improvement of $1.7 million compared to Q2 2022.
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2%
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Rhea-AI Summary
Innovative Food Holdings, Inc. (IVFH) will host an investor call on August 10, 2023, at 9:00 am Eastern Time to discuss the Company's second fiscal quarter results for the quarter ended June 30, 2023. The call will include a Q&A session with investors. Interested participants may attend the call via Zoom or by phone using the provided details.
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15.72%
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-10.71%
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2.44%
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Innovative Food Holdings, Inc.

OTC:IVFH

IVFH Rankings

IVFH Stock Data

47.88M
25.77M
27.14%
30.75%
Packaged Frozen Food Merchant Wholesalers
Wholesale Trade
Link
United States of America
Bonita Springs

About IVFH

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