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iFabric Corp T.IFA

Alternate Symbol(s):  IFABF

Consumer Cyclical Luxury Goods
iFabric Corp. is a Canada-based company, which is engaged in the business of designing and distributing women's intimate apparel. The Company is also in the business of developing and distributing a range of products and treatments that are suitable for application to textiles, plastics, liquids, hard surfaces and finished performance apparel which integrate one or more such treatments. Its two divisions offer a variety of products and services through wholly owned subsidiaries, namely Intelligent Fabric Technologies (North America) Inc. (IFTNA) and Coconut Grove Pads Inc. (Coconut Grove). IFTNA is focused on development and sale of sports apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that provide properties to fabrics, foams, plastics, and numerous other surfaces. Coconut Grove operates as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies’ intimate apparel products and accessories.


TSX:IFA - Post by User

iFabric Corp > Q3 results
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(2007)
•••
Comment by Ciaoon Nov 14, 2024 5:50pm
42 Views
Post# 36313756

RE:Q3 results

RE:Q3 results
"Revenues decreased by 11% or $524,938 to $4,280,564 in Q3 2024 compared to $4,805,502 in 2023.
 
Intelligent Fabric Division revenue decreased by 29% or $1,027,622 to $2,569,137 in 2024 from $3,596,759 in 2023, attributable to the elimination of several low margin programs in Canada."

IFTNA rev drop of $1M resulted in Q3 rev dropping only $525K. Calculated move by the company to move into higher margin contracts.

"Gross margins improved to 42% during the nine months, compared to 39% in the comparable period of 2023, as a result of the product mix for the period"
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