Innovative Food Holdings Inc (IVFH)

[greasemonkeyshoes]

er is out and we have......
revenue of $15.2 million vs $11.2 million,up 36%(great)
margin 24% vs 25%(problem #1)
sg&a 33% vs 39%(problem #2)
loss -$1.3 million(exclude ppp forgiveness of debt) vs -1.6 million
or
margin expansion of 6% asap is needed to make the current business model work(break even that is).if not and at the current margin of 24%,the revenue needed for the breakeven point is around $25 million.
or
4q 21 loss of $0.5e million
1q 22 loss of $1e million
2q 22 loss of $1e million
3q 22 loss of $1e million
plus
headwind:
inventory $2.8(3q 21) vs $3.7(4q 20)
margin capped by 3rd party shipment

i believe breakeven point is 3 years away,unless they took drastic measure and worked.