Replies to post #18738 on Innovative Food Holdings Inc (IVFH)

[Dickmo]

Another outstanding quarterly. Just curious when the newly responsive management who pledged to be more communicative will be holding their quarterly conference call. Or was that comment just there to shut up the critics for a few days.

Sad and de-freakin-plorable

[greasemonkeyshoes]

What "synergies".........
prior posting:
To reduce cost,Infrastructure spending envisioned by Sam......
A mirage or an equalizer??If sg&a is 28%+,"Houston we have a problem."
today:
My estimate eps=1.3c vs actual=0.5c,I was way off.ouuucchhhh.
from others:
"I'm wondering when is ever going to start realizing the "synergies" from these two acquisitions-- iGourmet and Mouth."

sg&a:
2016 21% of revenue(23% q1,21%,19%,22%)
2017 22%(23%,21%,18%,25%)
2018 27%(28%,26%,28%,26%)
2019 e28.5%(q1-1% seemed to be a good predictor,in the past 3 years)
q1 29.5%

Estimate for 2q 2019:
revenue $13.4
cost $9.4(70%)
sg&a $3.8(28.5%)
net income 200k or eps=0.6c
question/concern:
the bloated sg&a of 29.5% of 1q 2019,what % of that is due to return/theft/write-off?
official reason:
due to an increase in payroll and related costs of approximately $634,125 (including an increase in non-cash compensation in the amount of $91,357), an increase in depreciation and amortization of $66,792, an increase in advertising and marketing of $66,060, an increase in travel and entertainment of $65,522, and an increase in computer and IT costs in the amount of $37,024.
this smells bad:
at large $309(2.4% of revenue)=$634-$91-$66-$66-$65-$37

I believe we are seeing the exact opposite of "synergies" result of the mergers,not working and the rotten smell is here to stay,bad,bad,bad.