Earnings Call Summary | INNOVATIVE FOOD HOLDINGS INC(IVFH.US) Q4 2023 Earnings Conference
Earnings Call Summary | INNOVATIVE FOOD HOLDINGS INC(IVFH.US) Q4 2023 Earnings Conference
Despite the loss, the company marked improvement in adjusted EBITDA of $2.5 million, improving over $2 million compared with the prior year.The following is a summary of the Innovative Food Holdings, Inc. (IVFH) Q4 2023 Earnings Call Transcript:
以下是創新食品控股公司（IVFH）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Innovative Food Holdings reported fiscal 2023 revenues of $72.2 million, an 8.5% decline compared to the previous fiscal year.
The company recorded a GAAP net loss of $4.2 million, primarily due to stabilization efforts of the business.
Despite the loss, the company marked improvement in adjusted EBITDA of $2.5 million, improving over $2 million compared with the prior year.
Q4 saw a GAAP net loss of $1.6 million, but the company maintained six straight quarters of positive adjusted EBITDA, with a $0.6 million record in Q4.
The company also made a marginal improvement in fourth-quarter adjusted gross margin from previous records to 24.5%.
創新食品控股公司報告2023財年的收入爲7,220萬美元，與上一財年相比下降了8.5％。
該公司的GAAP淨虧損爲420萬美元，這主要是由於業務的穩定努力。
儘管出現虧損，但該公司調整後的息稅折舊攤銷前利潤明顯改善了250萬美元，與去年相比增長了200萬美元以上。
第四季度GAAP淨虧損爲160萬美元，但該公司連續六個季度保持正調整後的息稅折舊攤銷前利潤，第四季度創下60萬美元的紀錄。
該公司第四季度調整後的毛利率也從之前的記錄略有提高至24.5％。
Business Progress:
業務進展：
The company is currently in the 'stabilization' phase of a three-phase approach to growth, which includes pursuing margin improvement and cost reduction initiatives.
It's noted that the decline in revenue is largely due to strategic shifts, which include the selling off of non-core assets and focusing more on specialty food service business.
Strategic partnerships have been fostered with key customers to support growth, and new growth is expected to materialize later in the fiscal year.
The company also plans to reduce losses in e-commerce by switching to a model that aligns it with its growth opportunities and professional chef business.
Exploring growth options through mergers and acquisitions and focused expansion within the food distribution business, with a particular emphasis on perishable goods, are major strategic initiatives for the company.
An expansion of its warehouse in Chicago is on the agenda to lift growth restrictions in the local market, and the company is also strengthening its focus on its professional chef business's dropship aspect.
該公司目前處於三階段增長方針的 “穩定” 階段，其中包括追求利潤率提高和降低成本的舉措。
值得注意的是，收入下降主要是由於戰略轉變，其中包括出售非核心資產和更多地關注專業餐飲服務業務。
已經與主要客戶建立了戰略合作伙伴關係，以支持增長，預計新的增長將在本財年晚些時候實現。
該公司還計劃通過轉向與其增長機會和專業廚師業務相適應的模式來減少電子商務的損失。
公司的主要戰略舉措是通過兼併和收購探索增長選擇，並重點擴張食品配送業務，特別關注易腐商品。
擴建其在芝加哥的倉庫已列入議程，以解除當地市場的增長限制，該公司還加強了對專業廚師業務直銷方面的關注。
More details: INNOVATIVE FOOD HOLDINGS INC IR
更多詳情： 創新食品控股公司IR
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譯文內容由第三人軟體翻譯。