Innovative Food Holdings Inc (IVFH)

[CPTMatt]

First thing to know is that this sort of info is estimated and usually not accurate. Buzzfile doesn't cite Hoovers but I suspect that's where it came from since it matches the Hoovers site.

Second thing is those can't all be FT employees, in fact I suspect the vast majority of the employees (however many there are) are not FT.

How could the business produce $3.8M EBITDA for FY 2018 if their 2017 sales is only $5M? Can't be nearly that profitable. I suspect the business revenues are somewhere between $10-15M and with the planned synergies (eg cost out) is where the $3.8M EBITDA target came from assuming some top-line growth but with the majority of it coming from expense reduction.