Innovative Food Holdings Inc (OTCPK:IVFH)

Q2 2026 Innovative Food Holdings Inc Earnings Call Transcript

Aug 26, 2026 / 08:00 PM GMT

Release Date Price: $0.24

Transcript

Key Points

Positve

Gross margin improved by 50 basis points to 26.2% from 25.7%.
SG&A expenses declined by approximately $429,000 or 12.4% to $3 million.
Generated $375,000 of operating cash in the first six months, compared to using $402,000 last year.
Cash and cash equivalents increased to $1.8 million from $927,000 at year end.
Digital revenue excluding the largest partner grew 6.3% in Q2 and 8.4% in the first half.
Local distribution's rate of decline improved from 31% in Q1 to 24% in Q2.
New business with the longstanding airline catering customer partially offset early program losses.
Denver-sourced items added to digital channels increased from 19 to 72 transacting items by early August.

Negative

Total revenue declined 21.5% to $13.1 million from $16.6 million year-over-year.
Digital channels revenue fell 16.7% due to the transition of the largest digital partner.
National distribution revenue dropped 29.2% due to customer and product program losses.
Local distribution revenue declined 24% due to prior customer attrition.
Lost the remaining relationship with a developing airline catering customer late in Q2.
National distribution is now too concentrated following the loss of the developing customer.
The digital transition has taken longer and required more attention than expected.
Operating income, net income, and adjusted EBITDA were lower in dollar terms due to the smaller revenue base.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IVFH.PK - Innovative Food Holdings Inc
Q2 2026 Innovative Food Holdings Inc Earnings Call
Aug 26, 2026 / 08:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, and welcome to the Innovative Food Holdings second quarter of 2026 earnings conference call. On today's call for Innovative Food Holdings is Gary Shubert, our Chief Executive Officer. Throughout the conference, we will be presenting both GAAP and non-GAAP financial measures, including, among others, adjusted EBITDA and adjusted fully diluted earnings per share. These measures are not calculated in accordance with GAAP. Quantitative reconciliations of certain of our non-GAAP financial measures to their most directly comparable GAAP financial measures appear in today's press release. I would also like to remind everyone that today's call will contain forward-looking statements from our management made

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