secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001185185-25-000174
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Food Holdings reports FY24 GAAP net income $2.5M vs loss $3.7M; organic revenue +11.4%
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- Revenue $72.1M (+2.5% YoY); organic growth excluding divestitures/acquisitions +11.4%.
- GAAP net income from continuing ops $2.5M ($0.049/diluted share) vs loss $3.7M ($0.076 loss/share) in 2023.
- Adjusted EBITDA $3.2M, up 18.5% from $2.7M; non-GAAP adj. net income $2.1M vs $1.3M.
- Q4 2024 revenue $23M (+19.2% YoY); GAAP net loss ($0.2M) improved from ($1.4M); adj. EBITDA $880K.
- Completed acquisitions of Golden Organics and LoCo Food Distribution; new retail channel generated $5.3M in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518525000174/0001185185-25-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518525000174/ivfh8k031125.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-000174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer