Innovative sales rise

NAPLES — Fine foods purveyor Innovative Food Holdings reported sales rose 57% to nearly $4.4 million in the quarter ended June 30 compared with the same quarter one year ago.

Revenues rose as the company increased sales in its existing businesses and because of the recent acquisition of Artisan Specialty Foods, which supplies about 500 customers in the Chicago area with 1,500 specialty food items.

Innovative Food Holdings suffered a net loss of $989,622 in the second quarter compared with net income of $562,604 in the second quarter of 2011, the result of one-time expenses relating to the Artisan acquisition and impairments on the revaluation of warrants and options.

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