Innovative Food Holdings Inc (OTCMKTS:IVFH) Suddenly Attracts Attention

[[tagnumber 0]][[tagnumber 1]]We haven’t covered Innovative Food Holdings Inc (OTCMKTS:IVFH) for quite some time now and once of the main reasons for this is the fact that IVFH rarely record any impressive volumes. The ticker really started the year well and tried to reach for the $2 per share mark, but has been sliding ever since.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]IVFH [[tagnumber 7]]commands a market cap of nearly $30 million currently. Compared to other OTC companies we can say that the financials of [[tagnumber 6]]IVFH[[tagnumber 7]] are pretty solid. Here are just some of the numbers contained in the company’s report for the first quarter of this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $3.21 million[[tagnumber 15]] [[tagnumber 14]]current assets: $6.95 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $13.39 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $11.18 million[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $2.01 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Surely, some impressive numbers for an OTC markets listed company. While the cash reserves and the liabilities have barely moved we see that the revenues have doubled compared to the same period last year. Unfortunately, after recording $188 thousand in net income for the first quarter of 2014, [[tagnumber 6]]IVFH[[tagnumber 7]] wrote down some serious losses in this year’s Q1.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the company had some positive news come out on June 16. They announced that they are launching their Fresh Diet @ Work program which, as described in the press release, looks really attractive. The market, however, didn’t react right away.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the day of said PR we saw [[tagnumber 6]]IVFH[[tagnumber 7]] drop 3.36% and the volume wasn’t impressive either. Yesterday, however, the company stock climbed by 7.83% and finished the session with a price of $1.24 while a total of 265 thousand shares changed their owners and generated $323 thousand in daily dollar volume, the biggest in more than a month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Sadly, it seems that the interest will be short–lived as we see that [[tagnumber 6]]IVFH[[tagnumber 7]] is already 5.65% down in today’s trading. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]