Innovative Food Holdings (OTC: IVFH) Stock In Focus After Q4 Earnings

As the earnings season continues, there are going to be a lot of companies that are going to come onto the radars of investors, and this week Innovative Food Holdings Inc. (OTC: IVFH) could be one of those. This past Friday the company had been in the news cycle after it announced its financial results for the fourth fiscal quarter and the full fiscal year.

The Performance

In the fiscal year ended on December 31, 2024, Innovative Food Holdings generated revenues of $72.1 million, which worked out to a rise of 2.5% from the 2023 fiscal year. However, the gross margin went down 85 basis points against 2023 and hit 23.4%. The net loss on GAAP was $2.5 million, which reflected a strong improvement from the GAAP net loss of $3.7 million in the 2023 fiscal year.

Further Information

In the news release, the company also stated that 2024 had been a year of tremendous progress for Innovative Food Holdings with regards to the goals that had been met in relation to the overall strategic plan. The company reiterated that one of the key decisions that had been made in 2024 was the addition of a new Chief Financial Officer.

CEO Quote

Bill Bennett, Chief Executive Officer of IVFH, remarked, “2024 marked tremendous progress against our strategic plan as we finished our first phase (stabilization) and began our second phase (building the foundation for growth). Contributing to these efforts, we brought on a new CFO, added two new large distributor partners, onboarded a large new retail customer, and completed two new acquisitions.

Fundamentals

P/E Ratio	118.03
PEG Ratio	0.43
Price to Book	19.19
Price to Cash Flow	–
Price to Free Cash Flow	–
Total Sales (TTM)	72.40 M
Revenue per Share (TTM)	1.40
Shares Outstanding	51.133 M
Share Float (%)	42.18 M (82.50%)
% Held by Institutions	47.08