Innovative Food Holdings Inc (IVFH)

[Coolhandluke13]

Since we are a couple weeks from 2Q reporting here is my 2Q thinking:

Revenues of $13.4M
Net income -- just short of $1.4M
EPS around 4.1 cents but could be slightly lower depending on shares outstanding and IGourmet contributes slight profit

Key Assumptions:
2Q2018 over 2Q2017 --- core growth - 8%
2Q2018 over 2Q2017 --- IGourmet growth - 15% (assuming 2Q2017 share of 2017 total sales was 20%)

Obviously, the biggest assumption is core growth. So 4Q2107 over 4Q2016 was 10% with USFoods at 13% and non-USFoods at 2%. Then the sky fell in 1Q2018 with growth probably around 2% for both. Let's say weather cost 3% (a guess). Are they still growing organically or was that too much focus on the acquisition and getting it integrated or more troubling problems? If 8% core growth is too high maybe IGourmet at 15% is too low based on the 30% March over March results in the press release. Law of compensating errors?

I think the analysis of 2Q organic sales will tell us all a lot about IVFH.

Anyway, these are my thoughts. Appreciate any comments.