Innovative Food Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 07:00 am EDT
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Innovative Food Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 18.83 million compared to USD 20.52 million a year ago. Net income was USD 0.013471 million compared to net loss of USD 1.22 million a year ago.
For the six months, sales was USD 35.83 million compared to USD 36.17 million a year ago. Net loss was USD 2.82 million compared to USD 2.45 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago.
Innovative Food Holdings, Inc. provides specialty foods primarily to both Professional Chefs and Home Gourmets through its relationships with producers, growers, makers and distributors of these products. The distribution of its products primarily originates from three unified warehouses and drop ship partners and is driven by its proprietary technology platform. In addition, the Company provide value-added services through its team of food specialists and Chef Advisors offering customer support, menu ideas, and preparation guidance. It distributes over 7,000 perishable and specialty food and food related products, including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food products, estate-bottled olive oils and aged vinegars and curated food gift baskets, gift boxes and a full of line of food subscription-based offerings.