Innovative Food Holdings (IVFH) Posts Wide Q1 EPS Improvement, Grows Sales 70%
Innovative Food Holdings, a provider of direct from source specialty, healthcare, gluten-free, and artisanal foods, reported first-quarter earnings of $0.06 per share, excluding special items, an improvement over earnings of $0.008 per share reported for the prior year period. Quarterly revenues of $5.6 million represent an increase of approximately 70 percent compared to revenues of $3.3 million recorded for the first quarter of 2012. Cash EBITDA (EBITDA without equity related gains/losses) grew more than 500 percent to approximately $470,000 for the first quarter of 2013 vs. $72,000 reported in the comparable quarter of 2012. On an operational front, Innovative Holdings…