iFresh Inc (PK:IFMK)

Business Focus: Supermarkets & Convenience Stores

Sector:  Consumer Non-Cyclicals Industry:  Food Retail & Distribution
 
See Regulatory Filings on SEC
Company Contact
Address: 239 54th Ave
LONG ISLAND CITY NY 11101-5922
Tel: N/A
Website: https://www.ifreshmarket.com/en
IR: See website
<
Key People
Ping Zhou
Chairman of the Board, Co-Chief Executive Officer, Chief Operating Officer 		Wenbin Mu
Co-Chief Executive Officer, Director 		Sufen Qin
Chief Financial Officer, Director
Business Overview
iFresh Inc. (iFresh) is an Asian/Chinese supermarket chain with multiple retail locations. iFresh offers seafood, vegetables, meat, fruit, frozen goods, groceries, and bakery products through its retail stores. iFresh operates with approximately 12 supermarkets across New York, Boston, Florida and Connecticut. In New York, the Company's supermarkets include New York Supermarket East Broadway, Inc., New York Mart Mott ST., Inc., New York Roosevelt, Inc. (online exclusive), New York Mart 8 Ave, Inc., Ming's Supermarket, Inc., Zen Mkt Quincy, Inc., New York Mart Sunrise, Inc., iFresh e. Colonial, Inc, iFresh Glen Cove, Inc., New York Mart CT, Inc. and New York Mart North Miami, Inc. In Boston, the Company's supermarkets include Ming's Supermarket, Inc. and Zen Mkt Quincy, Inc. In Florida, the Company's supermarkets include New York Mart Sunrise, Inc., iFresh E. Colonial, Inc. and New York Mart North Miami, Inc. In Connecticut, the Company has New York Mart CT, Inc.
Financial Overview
For the nine months ended 31 December 2020, iFresh Inc revenues increased 7% to $71.4M. Net income totaled $2.7M vs. loss of $6.3M. Revenues reflect Wholesale segment remaining flat at $12.3M. Net Income reflects Selling, general and administrative expe decrease of 9% to $18.2M (expense), Impairment loss decrease of 52% to $524K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.35 to $0.11.
Employees: 276 as of Mar 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $26.94M as of Dec 31, 2020
Annual revenue (TTM): $94.26M as of Dec 31, 2020
EBITDA (TTM): $0.43M as of Dec 31, 2020
Net annual income (TTM): $0.75M as of Dec 31, 2020
Free cash flow (TTM): -$4.12M as of Dec 31, 2020
Net Debt Last Fiscal Year: $16.71M as of Dec 31, 2020
Shares outstanding: 96,273,437 as of Aug 5, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.

Learn More