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Income Statement
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Cash Flow Statement

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Op Efficiency
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INNOVATIVE FOOD HOLDINGS INC (IVFH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues   [+]80.162.251.757.952.941.235.230.6
            Revenue growth  28.8%20.4%-10.8%9.4%28.3%17.3%14.8%18.4%
Cost of goods sold  61.445.337.941.336.827.624.521.5
Gross profit  18.717.013.816.616.113.610.79.2
            Gross margin  23.3%27.2%26.7%28.8%30.4%33.0%30.3%30.0%
Selling, general and administrative  19.720.519.516.514.18.97.49.0
Other operating expenses    0.0     
EBITDA   [+]-0.5-3.1-5.01.43.05.23.81.6
            EBITDA margin  -0.6%-4.9%-9.7%2.4%5.7%12.7%10.8%5.3%
Depreciation  0.50.50.50.30.20.20.31.1
EBITA  -1.0-3.6-5.51.12.85.13.50.5
            EBITA margin  -1.2%-5.8%-10.6%1.9%5.4%12.3%10.0%1.6%
Amortization of intangibles  0.00.00.20.90.90.40.20.3
EBIT   [+]-1.0-3.6-5.70.22.04.73.30.2
            EBIT margin  -1.3%-5.8%-11.0%0.3%3.7%11.4%9.4%0.6%
Non-recurring items   [+]  1.7     
Interest expense  0.60.40.30.10.1 0.50.6
Other income (expense), net   [+]0.33.20.10.10.0-0.2 0.0
Pre-tax income  -1.4-0.7-7.70.21.94.52.8-0.4
Income taxes  0.00.00.00.00.20.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%8.4%0.0%0.0%0.0%
Earnings from continuing ops  -1.4-0.7-7.70.21.74.52.8-0.4
Earnings from discontinued ops        3.6-26.8
Net income  -1.4-0.7-7.70.21.74.56.4-27.2
            Net margin  -1.7%-1.2%-14.8%0.4%3.2%11.0%18.2%-88.7%
   
Basic EPS   [+]($0.03)($0.02)($0.22)$0.01$0.05$0.15$0.11($0.02)
Diluted EPS   [+]($0.03)($0.02)($0.22)$0.01$0.05$0.15$0.09($0.02)
   
Shares outstanding (basic)   [+]47.139.434.934.134.029.825.123.0
Shares outstanding (diluted)   [+]47.139.434.934.134.030.032.023.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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