Innovative Food Holdings Inc (IVFH)

[greasemonkeyshoes]

2021 4q .....
what i have so far
$20.8 million revenue
$14.7 million cost(70%)
$6.1 million gross
$6.0 million expense(29%)
$0.1 million operating income
net profit $1.7 million with $1.9 million forgiveness of debt
or
net profit -$226k ex forgiveness of debt

for all 2021
revenue 62.2
cost 45.3(72%)
gross 17.0(27%)
expense 20.5(33%)
operating loss -3.6
net income -0.8 with 3.4 forgiveness of debt
or
net income -4.2 adjusted for forgiveness of debt

again,the pricing model 100%(revenue)-72%(cost)-33%(expense)<0%(loss) is structurally flawed: revenue growth without margin expansion,more losses in 2022 very likely.
also
share dilution of 10%-15%(in 2021,from 34.8 to 39.4) is likely/needed to continue in 2022(expect 39.4 to 44) to shore up the balance sheet.