Thu, May 15, 4:02 PM (32 days ago)
**Innovative Food Holdings, Inc. (IVFH) - Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $19.5 million, up 26% YoY. - **Gross Margin:** 22.9%, down 1.6 points YoY. - **Net Income:** $(430,436), a decline of $1.9 million YoY. - **Cash Flow:** $(1.0 million) used in operations, $(163,000) in investing, and $(134,148) in financing. **Key Metrics:** - **Revenue Growth:** 26% YoY, with organic growth at 23%. - **Cost of Goods Sold:** $15.1 million, up 28.6% YoY. - **Operating Expenses:** $4.4 million, up 19.3% YoY. - **Cash and Cash Equivalents:** $1.1 million. **Segment Performance:** - **Digital Channels:** $8.3 million (42.5% of total revenue), down 7% YoY. - **National Distribution:** $6.6 million (33.6% of total revenue), up 133% YoY. - **Local Distribution:** $4.4 million (22.7% of total revenue), up 88% YoY. - **Direct-to-Consumer:** $0, down 100% YoY (divested). - **Other Services:** $253,000 (1.3% of total revenue), up 22% YoY. **Trends and Uncertainties:** - **Revenue Growth:** Strong in national distribution, driven by strategic market presence expansion. - **Margin Pressure:** Due to changes in sales mix, particularly in the cheese business. - **Cash Flow:** Negative in all activities, indicating liquidity challenges. - **Future Operations:** Plans for significant capital expenditure to support growth and operational improvements. **Future Outlook:** - **Capital Needs:** Expansion of distribution facilities, technology investments, and product development. - **Financing:** Combination of internal cash flows, debt, and potential equity offerings. - **Risks:** Dependence on major customers, regulatory changes, and market competition. **Ticker:** IVFH