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Ifabric Corp - IFABF STOCK NEWS

Welcome to our dedicated page for Ifabric news (Ticker: IFABF), a resource for investors and traders seeking the latest updates and insights on Ifabric stock.

Overview

iFabric Corp is a dynamic company specialized in pioneering textile and performance apparel technologies. With a focus on innovative material solutions, the company stands out by integrating advanced antimicrobial treatments, water-repellence, and UV protection into its range of products. Operating through two distinct divisions, iFabric harnesses its proprietary research and development to deliver intelligent fabric solutions for applications in high-performance sports, medical, consumer protective, and intimate apparel industries.

Core Business and Divisional Structure

The company is structured into two primary segments:

  • Intelligent Fabric Technologies (North America) Inc. (IFTNA): Focused on the development and sale of high-performance sports apparel and specialized protective clothing, IFTNA brings forward innovative treatments that imbue fabrics, foams, and plastics with enhanced safety features. Products under this division leverage state-of-the-art textile technologies to offer antiviral, antibacterial, water-repellence, and UV protective properties.
  • Coconut Grove Pads Inc. (Coconut Grove): Operating as a designer, manufacturer, distributor, licensor, and licensee, this division offers a comprehensive range of intimate apparel products and accessories. Its products are designed with an emphasis on both functionality and aesthetic appeal, meeting the diverse demands of the intimate apparel market.

Innovation and Technological Excellence

At the heart of iFabric Corp’s operations is a commitment to continuous innovation. The company invests significant resources in research and development to create treatments that enhance the performance of traditional textiles. This focus on technological excellence has led to key milestones, including registrations with the US FDA and US EPA for groundbreaking antimicrobial textile solutions such as bio-based and mineral-based antimicrobial technologies. These regulatory approvals underscore the company’s dedication to safety, efficacy, and environmental stewardship in its product development process.

Market Position and Competitive Edge

iFabric Corp has strategically positioned itself within the competitive landscape by addressing diverse market segments including performance and protective apparel, as well as intimate apparel. Through its innovative product lines and robust customer relationships, particularly within the North American market, the company differentiates itself by delivering textiles that not only meet but exceed industry standards. Its ability to secure significant regulatory approvals and continuously expand its product offerings provides a competitive edge in a market that demands both technological sophistication and versatile application.

Business Model and Revenue Generation

The company generates revenue through a combination of direct sales, licensing of its innovative textile treatment technologies, and strategic partnerships via its wholly-owned subsidiaries. Its diversified product portfolio ensures resilience in varying market conditions by balancing its exposure across several apparel categories. iFabric Corp’s business model is built on continuous product innovation, relational investments with key retail partners, and a rigorous focus on quality and performance.

Commitment to Quality and Customer Satisfaction

Quality assurance is fundamental to iFabric Corp, which is reflected in its persistent pursuit of excellence through the integration of smart fabric technologies. By investing in high-quality materials and adopting advanced treatment methods, the company ensures that its products deliver superior comfort, durability, and safety to the end-user. This commitment not only reinforces customer trust but also establishes a framework for long-term operational success in a highly competitive industry.

Industry Keywords and Strategic Insights

Within its narrative, iFabric Corp integrates key industry-specific terminology such as innovative textile solutions, performance apparel technologies, and antimicrobial fabric treatments to emphasize its expertise. Each of these elements is crucial for understanding how the company’s products respond to evolving consumer needs and industry standards. This detailed approach is supported by comprehensive insights into the company's operational strategies, regulatory milestones, and market-focused initiatives.

Conclusion

In summary, iFabric Corp exemplifies a deep commitment to technological innovation in the textile and performance apparel sector. Its dual-division structure, emphasis on advanced fabric treatments, and strategic market positioning make it a notable entity in an industry characterized by rapid technological evolution. The company’s robust investment in R&D, coupled with its meticulous attention to quality and safety standards, lays a solid foundation for its ongoing relevance in delivering high-performance, intelligent textile solutions that cater to a wide array of consumer and professional markets.

Rhea-AI Summary

iFabric Corp (IFABF) reported record financial results for Q4 and full year 2024. Q4 revenues reached a record $10.5 million, up 55% year-over-year, driven by new apparel programs. The company achieved Q4 gross profit of $4.17 million (40% margin) and Adjusted EBITDA of $1.9 million, a 636% increase.

For full-year 2024, revenues totaled $27.3 million, with the Intelligent Fabrics division growing 25% and Intimate Apparel division up 11% on a proportionate basis. Net earnings were $1.63 million ($0.054 per share) compared to a loss in 2023. Working capital improved to $19.6 million, with cash position strengthening to $2.06 million.

The company maintains a strong financial position with an unutilized $6.75 million bank operating line and expects continued double-digit sales growth in 2025, supported by new product categories and strong baseline sales from core programs.

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iFabric Corp (TSX:IFA, OTCQX:IFABF) has reported its fifth consecutive year of revenue growth, with the last two years showing strong double-digit increases. The company achieved record revenues exceeding $27 million in full-year 2024, representing a 20% increase from the previous year.

Despite the strong performance, revenues fell slightly under $1 million below management's target range due to the Vancouver Port strike affecting Q4 deliveries. Nevertheless, Q4 2024 marked the largest single-quarter performance in the company's history. The delayed shipments are scheduled for delivery in Q1 2025.

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iFabric Corp reported Q3 2024 results with revenues decreasing 11% to $4.28M compared to $4.81M in 2023. The Intelligent Fabric Division saw a 29% revenue decrease, while the Intimate Apparel Division grew 42%. Gross profit margin improved to 41% from 37%. The company maintains its FY2024 outlook of $28M-$32M, with Q4 revenue expected to exceed $11M. A potential Vancouver port strike could impact Q4 deliveries. Working capital stood at $17.5M, with cash increasing to $4.09M. The company reported a net loss of $105,616 ($0.003 per share) compared to $139,545 loss in 2023.

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iFabric Corp (TSX:IFA, OTCQX:IFABF) reported record revenues and strong performance for Q2 2024 ended June 30. Key highlights include:

- Record revenues of $5,796,220, up 10% year-over-year
- Intelligent Fabrics Division revenues increased 20% to $3,499,504
- Gross profit margin improved to 42% from 40% in 2023
- Adjusted EBITDA rose to $356,817 from $260,415 in 2023
- Net earnings of $56,103 or $0.002 per share

The company attributes its success to innovation, strategic growth, and a focus on leveraging advanced technologies. iFabric maintains a strong financial position with $17.7 million in working capital and $2.95 million in cash. Management remains confident in sustained growth and delivering shareholder value.

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On June 25, 2024, iFabric held its annual general and special meeting where shareholders approved all presented resolutions.

Key resolutions include the re-election of directors and the approval of unallocated stock options for another three years.

The directors re-elected are Hylton Karon, Hilton Price, Richard Macary, Cameron Groome, Mark Cochran, and Giancarlo Beevis, with an overwhelming majority vote in favor.

BDO Canada LLP has been appointed as the auditors for the next year.

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iFabric Corp. (OTCQX:IFABF) reported record revenues and earnings for Q1 2024, ending March 31, 2024. The company achieved total revenues of $6,754,624, a 2% increase from Q1 2023. The Intelligent Fabrics Division saw a 6% boost in revenues to $4,666,289, while the Intimate Apparel Division experienced a 6% decline to $2,088,335. Gross profit margins rose by 4% to 44%, leading to a gross profit increase of 11% to $2,961,122.

Adjusted EBITDA increased by 30% to $855,380, and net earnings after tax grew to $550,596 ($0.018 per share) from $469,419 ($0.015 per share) in Q1 2023. Working capital improved by $859,663 to $17,320,228, and cash reserves rose by $1,889,367 to $3,461,111. The company's bank operating line remained unutilized, offering a $6,750,000 cushion for future growth.

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iFabric Corp. received FDA Medical Device Registration for its apparel products integrating multiple textile technologies. The successful registration by its subsidiary, IFTNA, validates the safety and efficacy of the innovative apparel solutions. This achievement allows the company to explore new opportunities in the healthcare industry, positioning itself as a trusted partner for improving outcomes.

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iFabric Corp. announces the US EPA registration of two cutting-edge antimicrobial technologies, bioFRESH and PROTX2 S, through its subsidiary, Intelligent Fabric Technologies (North America) Inc. The innovative bio-based and mineral-based technologies aim to address evolving customer needs and environmental challenges. President Giancarlo Beevis highlights the sustainability benefits and expanded product portfolio these technologies offer, signaling iFabric's commitment to innovation and excellence in antimicrobial protection solutions.
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iFabric Corp. reports strong revenue growth and operational earnings for the fiscal period ending December 31, 2023. The company showcases technological advancements and new customer acquisitions in the United States.
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iFabric Corp. (IFABF) provides a positive revenue outlook for fiscal 2024, expecting sales to reach $28 to $32 million with new performance apparel programs secured. The company aims to expand its customer relationships, introduce new clothing categories, and increase its presence in the US market to drive sales and earnings growth in 2025.
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FAQ

What is the current stock price of Ifabric (IFABF)?

The current stock price of Ifabric (IFABF) is $0.88364 as of March 31, 2025.

What is the market cap of Ifabric (IFABF)?

The market cap of Ifabric (IFABF) is approximately 23.1M.

What does iFabric Corp specialize in?

iFabric Corp specializes in the innovation and production of advanced textile and performance apparel technologies, including antimicrobial fabric treatments and high-performance protective clothing.

How is iFabric Corp structured?

The company operates through two main divisions: Intelligent Fabric Technologies (North America) Inc., which focuses on performance and protective apparel, and Coconut Grove Pads Inc., which centers on intimate apparel products and accessories.

What kinds of product innovations does iFabric offer?

iFabric Corp develops textiles with smart properties such as antiviral and antibacterial protection, water-repellence, and UV protection through innovative treatment technologies applied to sports, medical, and intimate apparel.

How does iFabric Corp maintain its competitive edge?

The company leverages robust R&D capabilities, secures key regulatory approvals like FDA and EPA registrations, and continuously expands its product line to effectively meet diverse market needs.

Which markets does iFabric Corp serve?

iFabric Corp caters primarily to the North American market, offering high-performance and protective apparel for sports, medical, and consumer segments, along with intimate apparel solutions.

What role do regulatory approvals play in iFabric Corp's business?

Regulatory approvals, such as those from the FDA and EPA, validate the safety and effectiveness of iFabric Corp's innovative textile technologies, enhancing customer trust and market credibility.

How does iFabric generate revenue?

The company generates revenue through the sale of its technologically advanced apparel products, licensing of its proprietary fabric treatments, and strategic partnerships across various apparel segments.

What is unique about iFabric Corp’s approach to innovation?

iFabric Corp’s approach is characterized by continuous investment in research and development, resulting in cutting-edge fabric technologies that deliver superior performance and meet evolving customer demands.
Ifabric Corp

OTC:IFABF

IFABF Rankings

IFABF Stock Data

23.09M
10.13M
66.42%
0.08%
Apparel Manufacturing
Consumer Cyclical
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Canada
Markham