innovative food holdings inc (IVFH) Snapshot

Innovative Food Holdings, Inc. Presents at 2nd Annual Marcum MicroCap Conference, May-30-2013 11:00 AM. Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Terminal, New York, NY 10017, United States. Speakers: Sam Klepfish, Chief Executive Officer, Director and Chief Executive Officer of Food Innovations.

Innovative Food Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2012. Sales for the fourth quarter of 2012 grew 71% to $5.8 million as compared to $3.4 million in the fourth quarter of 2011. The company reported net sales for the fiscal year 2012 of $18.6 million, an increase of 61%, or $7.1 million, over $11.5 million in net sales recorded for the full year 2011. Earnings per share for the twelve months ended December 31, 2012 was $0.36 per share and included a one-time gain associated with the restructuring of a portion of the company's debt. Adjusted EPS grew 100% to $0.18 per share for fiscal year 2012 compared to the adjusted EPS of $0.09 per share in 2011. EBITDA grew approximately 150% to over $1.25 million in 2012 compared to $0.5 million in fiscal year 2011.

On March 20, 2013, Mr. Michael Ferrone informed the Innovative Food Holdings, Inc.'s Board of Directors that he was resigning, effective immediately. Mr. Ferrone informed the Board that he resigned for personal reasons.