Replies to post #39865 on Savvy Trades and Investments

[SSKILLZ1]

IVFH

The hurricane mistake that keeps on giving. Lets just say that decision costs me thousand and thousand and even more thousand of $$. Woohoo. Yikes.

As for RSI about 71 right now, so overbought, but not ridiculous. MACD is overextended as well. so definetely overbought, a break $1 could set a run to $1.20 in the coming weeks. Time will tell if it breaks out further. Man that was a bad mistake by me, what really bothers me is that I didn't add back after the hurricane. But we all make mistakes and this is one of mine I regret in 2017, not because of the result, there are plenty of more of those, but because of the thinking behind it, that I didn't buy it back right away. Although you have to believe q3 will be somewhat affected by the storm, hence results might not look quite as good, so if it keeps running not sure I would want to hold it int0 this earnings report. All is just my opinion, and I could always be wrong though.

[Knowledge is King]

IVFH($.95) reports $.048 VS $.038, revenues up 15%


Innovative Food Holdings Reports Record Third Quarter 2017 Financial Results

BONITA SPRINGS, Fla., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB:IVFH) today reported financial results for the third quarter ended September 30, 2017.

Third Quarter and Nine Months Ended September 30, 2017 Financial Highlights:


-- Revenue increased by 20% to $30.5 million compared to $25.4 million for
the nine months of 2016

-- Revenue increased over 15% to $10.5 million compared to $9.1 million for
the third quarter of 2016

-- GAAP Fully Diluted EPS increased by 71% to $0.113 compared to $0.066 per
share for the first nine months of 2016

-- GAAP Fully Diluted EPS increased by 53% to $0.046 compared to $0.03 per
share for the third quarter of 2016
Sam Klepfish, CEO of Innovative Food Holdings, commented, "Our financial results for the third quarter and first nine months of 2017 reflect the overall strength of our business. We did see some effect on sales in late August and part of September, related to the unusually strong hurricane season which impacted demand from foodservice establishments across the southern United States. However, sales levels increased towards the end of September and we entered the fourth quarter with strong sales momentum. With respect to the hurricanes, while the eye of Hurricane Irma passed directly over our facility in Bonita Springs, Florida, due to our execution of contingency preparedness and recovery plans, we incurred minimal disruption and our team was back to work the following day and worked "above and beyond" to fill all sales orders. I believe that the passionate dedication and hard work by our team is a key reason for the success of Innovative Food Holdings."

Mr. Klepfish continued, "There are significant changes occurring within the food space and we believe that the Innovative Food Holdings business model provides significant opportunities to capitalize on those changes. We will continue to focus on growing our core sales channels, and at the same time we continue to asses and aggressively pursue new synergistic market opportunities."

Mr. Klepfish concluded, "We ended the third quarter of 2017 with a simplified capital structure, a strong balance sheet including a strong cash position, and full availability of our commercial line of credit. Given the strength of our core business as well as our strong financial position, and the multitude of potential opportunities within the rapidly changing food space, we continue to believe that Innovative Food Holdings' shares are undervalued and we will continue to focus on driving future value for all shareholders."

Third Quarter Summary

On a GAAP basis, revenues increased by over 15% to $10.5 million compared to revenues of $9.1 million for the third quarter of 2016. Operating Income increased 57% to $1.5 million compared to operating income of $987,000 for the third quarter of 2016. Net income increased by 77% to $1.5 million compared to net income of $866,000 for the third quarter of 2016.

Third quarter GAAP basic earnings per share increased by approximately 35% to $0.047 per share compared to $0.035 earnings per share for the third quarter of 2016. Fully Diluted GAAP earnings per share for the third quarter increased by 53% to $0.046 per share compared to $0.03 per share for the third quarter of 2016.

Cash EBITDA increased 32% to $1.67 million compared to Cash EBITDA of $1.27 million for the third quarter of 2016.

Nine Months Summary

On a GAAP basis, revenues increased by 20% to $30.5 million compared to revenues of $25.4 million for the first nine months of 2016. Operating Income increased over 66% to $3.6 million compared to operating income of $2.2 for the first nine months of 2016. Net income increased 91% to over $3.4 million compared to net income of $1.8 million for the first nine months of 2016.

For the nine months ended September 30, 2017 GAAP basic earnings per share increased by 60% to $0.117 per share compared to $0.073 earnings per share for the first nine months of 2016. Fully Diluted GAAP earnings per share for the first nine months of 2017 increased by 71% to $0.113 per share compared to $0.066 per share for the first nine months of 2016.

Cash EBITDA increased by 38% to $4.4 million compared to cash EBITDA of $3.1 million for the first nine months of 2016.

About Innovative Food Holdings

Innovative Food Holdings' (OTCQB:IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.

In the direct-to-chef foodservice market, Innovative Food Holdings' automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty food products delivered daily to thousands of chefs nationwide.

Forward-Looking Statements

This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "anticipate, " "believe," "intend," "plan," "might," "potentially" or "expect." The Company does not intend to update these forward-looking statements.

Management Contact

Ronit Wallerstein

Investor Relations Analyst

[phone]

[e-mail]



Three Months Ended Sept
30, Nine Months Ended Sept 30,
2017 2016 2017 2016

Adjusted Net
Income and
EPS
Revenue 10,495,637 9,094,443 30,494,462 25,413,011
Net Income 1,532,892 866,607 3,481,891 1,822,516
Amortization
of
intangible
assets (1) 82,317 50,567 288,451 182,201
Amortization
of discount
on NP (2) - 92,509 185,018 277,527
Stock related
expenses
(3) - 195,630 315,968 673,523
Adjusted Net
Income 1,615,209 1,205,313 4,271,328 2,955,767

Weighted
Average
Shares
Outstanding
Diluted 33,476,756 31,619,778 30,842,167 32,044,762

Adjusted
Fully
Diluted EPS $ 0.048 $ 0.038 $ 0.138 $ 0.092

Three Months Ended Sept
30, Nine Months Ended Sept 30,
Cash EBITDA 2017 2016 2017 2016
Net Income 1,532,892 866,607 3,481,891 1,822,516
Interest, net 16,139 28,717 (27,106) 88,237
Depreciation
&
amortization 124,013 88,374 409,283 302,219
Stock related
expenses
(3) - 195,630 315,968 673,523
Amortization
of discounts
on NP (2) - 92,509 185,018 277,527

Cash EBITDA 1,673,044 1,271,837 4,365,054 3,164,022

(1) Includes
non cash
amortization
charges
related to
assets
acquired
(2) Includes non cash amortization charges mainly
associated with the GAAP recording of the discount
on certain notes
(3) Includes
stock and
options
based
compensation
and
expenses

(END) Dow Jones Newswires