Michael Fabrico - Innovative Food Chief Officer

IVFH Stock  USD 1.95  0.01  0.51%   

Executive

Mr. Michael Fabrico is Chief Information Officer of the Company since 2017.
Age 62
Tenure 8 years
Phone239 596 0204
Webhttps://www.ivfh.com
Fabrico brings a wealth of Clevel IT related leadership and experience, with demonstrated results including an extensive background in data driven business intelligence, data analytics and monetization, ecommerce and digital transformation across several industries. Mike was the CIO at Haddon House Food Products from Jan 2015 and through their acquisition by United Natural Foods in 2016. Prior to that, from 20082013, he was the Executive Vice President and CIO of EuroPro, where he built and managed the IT and data infrastructure to support growth from $300 million to $1.3 billion. Mike was also previously the interim CIO of WearGuardCrest, a subsidiary of Aramark Corporationration and from Sept 2001 through November 2007 he was the VP of IT for Broder Bros. Co, a Bain Capital portfolio company.

Innovative Food Management Efficiency

The company has return on total asset (ROA) of (0.0664) % which means that it has lost $0.0664 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1363) %, meaning that it created substantial loss on money invested by shareholders. Innovative Food's management efficiency ratios could be used to measure how well Innovative Food manages its routine affairs as well as how well it operates its assets and liabilities.
Innovative Food Hldg currently holds 5.41 M in liabilities with Debt to Equity (D/E) ratio of 1.6, which is about average as compared to similar companies. Innovative Food Hldg has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Innovative Food until it has trouble settling it off, either with new capital or with free cash flow. So, Innovative Food's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innovative Food Hldg sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innovative to invest in growth at high rates of return. When we think about Innovative Food's use of debt, we should always consider it together with cash and equity.

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Innovative Food Holdings, Inc., through its subsidiaries, provides specialty food and food related products to restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses in the United States. It provides its products directly from its network of vendors and warehouses. Innovative Food operates under Food Distribution classification in the United States and is traded on OTC Exchange. It employs 127 people. Innovative Food Hldg [IVFH] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Innovative Food Hldg Leadership Team

Elected by the shareholders, the Innovative Food's board of directors comprises two types of representatives: Innovative Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innovative. The board's role is to monitor Innovative Food's management team and ensure that shareholders' interests are well served. Innovative Food's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Innovative Food's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard Tang, Chief Officer
Ronit Wallerstein, Sec
Michael Fabrico, Chief Officer
Yosef Schwartz, Chief Officer
Bryan Janeczko, Chief Diet
Justin Wiernasz, Pres and Director
Samuel Klepfish, CEO and Director

Innovative Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Innovative Food a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Innovative OTC Stock

Innovative Food financial ratios help investors to determine whether Innovative OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innovative with respect to the benefits of owning Innovative Food security.