Filing Flows › Innovative Food Holdings (IVFH) › Q4 2024
Innovative Food Holdings (IVFH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
Innovative Food Holdings (IVFH) reported revenue of $22.7M for the fourth quarter 2024 (Q4 2024), +25% from a year earlier and +34% from the quarter before. Operating margin was -0.4%, net loss $46K (0.2% of revenue).
Innovative Food Holdings, Q4 2024: revenue $22.7M (+25% year over year), operating margin -0.4%, net loss $46K, operating cash flow −$3.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.7M | +34% | +25% |
| Operating profit | −$101K | — | — |
| Net earnings | −$46K | — | — |
| Operating cash flow | −$3.6M | — | — |
What changed
Revenue was $22.7M in Q4 2024, up 25% year over year and up 34% from the previous quarter.
Gross margin was 21.0%, down 2.3 points from a year earlier. Operating costs exceeded revenue by $101K, an operating margin of -0.4%. Operating expenses fell 5% while revenue rose 25%. The quarter ended with a net loss of $46K, after a profit of $1.3M the previous quarter. Non-operating items added $55K, -120% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.6M. Non-cash charges added back $62K of depreciation and amortization and $124K of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $7K exceeded it, leaving free cash flow of −$3.6M.
Questions
What was Innovative Food Holdings' revenue in the fourth quarter 2024?
Innovative Food Holdings (IVFH) reported revenue of $22.7M for the fourth quarter 2024 (Q4 2024), +25% from a year earlier and +34% from the quarter before.
Was Innovative Food Holdings profitable in the fourth quarter 2024?
Operating loss was $101K (-0.4% of revenue) and net loss $46K.