Replies to post #18359 on Innovative Food Holdings Inc (IVFH)

[Coolhandluke13]

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).

[fishhunter]

I see it as ok. Revenue growth and plowing some money back into the business to improve things in upcoming quarters. They are profitable and full year numbers will be fine. The company is worth way more than the $25mil market cap. In fact, you couldn't buy the whole thing for $1.50 so no worries.