Innovative Food Holdings Inc (IVFH): The non-GAAP adjustments are actually le...

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Innovative Food Holdings Inc (IVFH)

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Re: value1008 post# 18359

Tuesday, 08/14/2018 5:50:31 PM

Tuesday, August 14, 2018 5:50:31 PM

The non-GAAP adjustments are actually less than 2Q2017. I think the big problem is organic growth. Sounds like customers are buying more cases, but a different mix with lower margins. If organic growth is 0% they aren't beating any quarter of last year even with a big 4Q of IGourmet. Which my guess may just only be profitable in that quarter. He's upbeat but I can't understand why.So it looks like the core business is half of what 2017 was and they have add IGourmet losses (at least for the time being).

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Recent IVFH News

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