iFresh Inc., headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer on the east coast of U.S. With nine retail supermarkets along the US eastern seaboard (with additional stores in Glen Cove, Miami and Connecticut opening soon), and one in-house wholesale business strategically located in cities with a highly concentrated Asian population, iFresh aims to satisfy the increasing demands of Asian Americans (whose purchasing power has been growing rapidly) for fresh and culturally unique produce, seafood and other groceries that are not found in mainstream supermarkets. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers.
Company profile
Ticker
IFMK
Exchange
Website
CEO
Long Deng
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Kroger • Albertsons Companies Inc - Ordinary Shares • Publix Super Markets • Ingles Markets, Inc. - Ordinary Shares • Grocery Outlet Holding • Sprouts Farmers Market • Weis Markets • Village Super Market, Inc. - Ordinary Shares • Natural Grocers by Vitamin Cottage • Maison Solutions Inc. - Ordinary Shares ...
SEC CIK
IFMK stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
13 Dec 22
8-K
Amendments to Articles of Incorporation or Bylaws
21 Oct 22
8-K
Departure of Directors or Certain Officers
17 Oct 22
8-K
Departure of Directors or Certain Officers
6 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
4 Oct 22
8-K
Bankruptcy or Receivership
6 Sep 22
DEF 14A
Definitive proxy
1 Sep 22
PRE 14A
Preliminary proxy
19 Aug 22
8-K
Departure of Directors or Certain Officers
17 Aug 22
8-K
Departure of Directors or Certain Officers
8 Aug 22
Latest ownership filings
Financial summary
Quarter (USD) | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.85 mm | 4.85 mm | 4.85 mm | 4.85 mm | 4.85 mm | 4.85 mm |
Cash burn (monthly) | 968.10 k | (no burn) | (no burn) | 233.97 k | 663.05 k | 212.77 k |
Cash used (since last report) | 37.67 mm | n/a | n/a | 9.10 mm | 25.80 mm | 8.28 mm |
Cash remaining | -32.82 mm | n/a | n/a | -4.25 mm | -20.95 mm | -3.42 mm |
Runway (months of cash) | -33.9 | n/a | n/a | -18.2 | -31.6 | -16.1 |
Institutional ownership, Q3 2021
24.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 13 |
Opened positions | 2 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 8.53 mm |
Total shares | 8.85 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
HK Xu Ding | 8.29 mm | $7.96 mm |
Vanguard | 164.10 k | $167.00 k |
Renaissance Technologies | 124.60 k | $127.00 k |
Geode Capital Management | 99.34 k | $102.00 k |
BLK Blackrock | 58.52 k | $60.00 k |
Bridgeway Capital Management | 38.90 k | $40.00 k |
Millennium Management | 21.23 k | $22.00 k |
BK Bank Of New York Mellon | 16.74 k | $17.00 k |
VIRT Virtu Financial | 15.86 k | $16.00 k |
NTRS Northern Trust | 14.04 k | $14.00 k |