Innovative Food Holdings, Inc. (PNK:IVFH) Q3 2023 Earnings Call Transcript
Innovative Food Holdings, Inc. (PNK:IVFH) Q3 2023 Earnings Call Transcript November 11, 2023
Ronit Wallerstein : Good morning, and welcome to the Innovative Food Holdings Third Quarter 2023 Earnings Conference Call. My name is Ronit Wallerstein, and I'll be moderating today's call. With me on today's call for Innovative Food Holdings is Bill Bennett, our CEO; Brady Smallwood, our COO; and Richard Tang, our CFO. Throughout the conference, we will be presenting both GAAP and non-GAAP financial measures including, amongst others, historical and estimated EPS; adjusted EBITDA, which is net income before costs associated with amortization, depreciation, interest and taxes and excluding certain onetime expenses; and adjusted fully diluted EBITDA per share using the weighted average shares outstanding for the quarter ended September 30, 2023.
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'd like to remind everyone that today's call will contain forward-looking statements from our management made within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities and Exchange Act of 1934 as amendment concerning future events. Words such as aim, may, could, should, projects, expects, intends, plans, believes, anticipates, hopes, estimates, goal and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve significant known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant risks, uncertainties and contingencies and many of which are beyond the company's control.
A butcher shop showcasing fresh meats and seafood for customers.
Actual results, including, without limitation, the results of our company's growth strategies, operational plans as well as potential results -- as well as future potential results of operations or operating metrics and other matters to be addressed by our management in this conference call may differ materially and adversely from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described and other disclosures contained in our filings with the Securities and Exchange Commission, including the risk factors and other disclosures in our Form 10-K for the year ended December 31, 2022, and our other filings with the SEC, all of which are accessible on www.sec.gov.
Except to the extent required by law, we assume no obligation to update statements as circumstances change. With that, I'd like to turn the call over to Mr. Bill Bennett. Please go ahead.
William Bennett : Thanks, Ronit. Hello, everyone, and good morning. I'm happy to welcome you to our second consecutive earnings call. I'm also glad to welcome our new COO, Brady Smallwood, to our call today. You'll be hearing from him a bit later on in the call. We'll be discussing the results from our third quarter of 2023, which was my second full quarter in the role of CEO of IVFH. Hopefully, you saw the press release this morning with some highlights from the quarter. We'll also be filing our full 10-Q later today for your reference. As I outlined in our call last quarter, I want to start my comments today by reminding investors of some strategic context to the moment we're in as a company. Our goal at IVFH is to grow shareholder value by building a company that delivers long-term profitable growth to our investors.
See also David Tepper Stock Portfolio and 10 Biggest Donut Companies and Brands in the World.
To continue reading the Q&A session, please click here.
