Innovative Food Holdings, Inc. (IVFH) Q2 2023 Earnings Call Transcript

Innovative Food Holdings, Inc. (OTCQB:IVFH) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET

Company Participants

Ronit Wallerstein - Investor Relations
Bill Bennett - Chief Executive Officer
Rich Tang - Chief Financial Officer

Conference Call Participants

Ronit Wallerstein

Good morning, and welcome to the Innovative Food Holdings Second Quarter 2023 Earnings Conference Call. My name is Ronit Wallerstein, and I will be moderating today's call. With me on today's call for Innovative Food Holdings is Bill Bennett, our CEO; and Richard Tang, our CFO.

Throughout the conference, we will be presenting both GAAP and non-GAAP financial measures, including, among 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 June 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 would 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 amended, concerning future events.

Words such as aim, may, could, should, projects, expects, intend, plans, believes, anticipates, hopes, estimates, goal and variations of such 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 risk, uncertainties and contingencies and many of which are on the company's control.

Actual results, including without limitation, the results of our company's growth strategy, operational