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Innovative Food Holdings (IVFH) investor relations material

Innovative Food Holdings Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary24 Nov, 2025

Executive summary

  • Q3 2025 revenue grew 3.5% year-over-year to $16.4 million, driven by acquisitions and local distribution growth, despite declines in digital channels.

  • GAAP net income from continuing operations was $651,000 ($0.012 per diluted share), down from $861,000 ($0.017 per share) in Q3 2024.

  • Leadership transition included the appointment of Gary Schubert as CEO and the resignation of Bill Bennett, with related severance and transition costs recognized.

  • Strategic realignment included exiting non-core activities, such as retail cheese and related logistics, and relocating airline catering operations to Chicago.

  • The company is prioritizing stabilization, execution discipline, and sustainable growth, with a focus on core business functions and technology upgrades.

Financial highlights

  • Gross margin for Q3 2025 was 23.5%, consistent with the prior year, but down 34 basis points year-over-year due to sales mix changes.

  • Adjusted EBITDA declined to $321,000 from $1 million in Q3 2024, reflecting operational inconsistencies and transitional expenses.

  • Cash OpEx rose 40% in Q3, mainly from higher payroll, severance, and costs tied to the Denver acquisition.

  • Discontinued operations posted a Q3 net loss of $2.4 million and a nine-month net loss of $3.8 million.

  • As of September 30, 2025, current assets were $18.6 million, current liabilities $13.6 million, and net working capital $5 million.

Outlook and guidance

  • No quantitative projections provided; focus remains on stabilizing operations, modernizing systems, and building a foundation for sustainable growth.

  • Early signs of stabilization are emerging, but full recovery is expected to take several quarters.

  • Management expects minimal future revenue from discontinued cheese operations and improved cash flows after the Pennsylvania facility sale.

  • No additional capital raises are anticipated; a new credit facility is being pursued for working capital flexibility.

  • Inflationary pressures are expected to persist, impacting costs and margins through 2025.

Quantify the financial benefits of the PA facility sale
Explain the large share-based comp decrease
How is IVFH addressing U.S. Foods platform headwinds?
Reconcile acquisition growth vs. underperformance
Sustain Digital Channels new partner momentum?
How do non-core exits simplify the business?
Local distribution turnaround timeline?
Digital channel recovery from platform transition?
AI platform impact on operational efficiency?
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Frequently asked questions

Innovative Food Holdings Inc specializes in the distribution of specialty foods, unique products, and artisanal foods to professional chefs, restaurants, and gourmet stores across the United States. Leveraging a vast network of small farms, artisans, and specialty food producers, the company offers a wide range of high-quality ingredients and products that cater to the culinary industry's needs. IVFH operates through various subsidiaries and platforms, providing a seamless link between small-scale producers and the professional culinary market. The company is headquartered in Bonita Springs, Florida, and its shares are listed on the OTC Markets Group.

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