Innovative Food Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 11:02 am
Share
Innovative Food Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 17.3 million compared to USD 20.06 million a year ago. Net income was USD 0.134733 million compared to USD 0.009746 million a year ago.
For the nine months, sales was USD 53.13 million compared to USD 56.23 million a year ago. Net loss was USD 2.68 million compared to USD 2.44 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago.
Innovative Food Holdings, Inc. provides specialty foods primarily to both Professional Chefs and Home Gourmets through its relationships with producers, growers, makers and distributors of these products. The distribution of its products primarily originates from three unified warehouses and drop ship partners and is driven by its proprietary technology platform. In addition, the Company provide value-added services through its team of food specialists and Chef Advisors offering customer support, menu ideas, and preparation guidance. It distributes over 7,000 perishable and specialty food and food related 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 products, estate-bottled olive oils and aged vinegars and curated food gift baskets, gift boxes and a full of line of food subscription-based offerings.