Innovative Food Holdings Inc (IVFH)

[geodan]

Thanks Amigo. How much cash did FD burn in 2015?

Surprised the cash situation is not worse, considering how fast FD was losing money. It looks like they will survive.

Comparing: The balance sheet sez cash at YE15 is $1.645 million. Long term debt is roughly $4.3 million of which $2.3 million is associated with FD. Current liabilities is $15 million of which they are classifying $10.5 million associated with FD.

To Yahoo for prior year:

Valuation Measures
Market Cap (intraday)5: 11.68M
Enterprise Value (Mar 31, 2016)3: 15.47M
Trailing P/E (ttm, intraday): N/A
Forward P/E (fye Dec 31, 2016)1: N/A
PEG Ratio (5 yr expected)1: N/A
Price/Sales (ttm): 0.24
Price/Book (mrq): 0.82
Enterprise Value/Revenue (ttm)3: 0.34
Enterprise Value/EBITDA (ttm)6: -1.69
Financial Highlights
Fiscal Year
Fiscal Year Ends: Dec 31
Most Recent Quarter (mrq): Sep 30, 2015
Profitability
Profit Margin (ttm): -23.61%
Operating Margin (ttm): -22.22%
Management Effectiveness
Return on Assets (ttm): -19.94%
Return on Equity (ttm): -69.04%
Income Statement
Revenue (ttm): 45.88M
Revenue Per Share (ttm): 2.11
Qtrly Revenue Growth (yoy): 38.50%
Gross Profit (ttm): 8.11M
EBITDA (ttm)6: -9.14M
Net Income Avl to Common (ttm): -10.83M
Diluted EPS (ttm): -0.50
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 2.53M
Total Cash Per Share (mrq): 0.11
Total Debt (mrq): 6.81M
Total Debt/Equity (mrq): 50.35
Current Ratio (mrq): 0.43
Book Value Per Share (mrq): 0.58
Cash Flow Statement
Operating Cash Flow (ttm): -3.87M
Levered Free Cash Flow (ttm): -1.56M

Outside of the cash drop looking at http://finance.yahoo.com/q/bs?s=IVFH 2014 year end blance sheet, then sept 2015 balance sheet http://finance.yahoo.com/q/is?s=IVFH hard to see exactly what the FD loss was, do see 3 million more debt in last 2 Qs there.


Amigo or anyone else, What do you think the FD effect on cash/balance sheet was in 2015? Maybe -$3 million? And IVFH good bizs softened that with positive cash flow.

The good news is that IVFH did survive, seemingly better than I thought they did. Know you Dickmo were very concerned about what the cash drain was. Was it better than you thought?

The income and EBITDA in Yahoo above for last 12 months, were scary, about -$10 million, and operating cashflow -$4 mill, that is alarming, but yet the seem OK today.