iFabric Corp T.IFA

Is IFA a net net?

[Method]

Anyone else still involved with this? Seems to be trading at working capital now. I expect this quarter (ended September) to be tough on costs because of shipping but those are trending down big time.

[prophetoffactz]

About halfway through Q3 with the release of the Q2 financials this was stated: "With orders and inventory in hand for Q4 (traditionally our largest revenue quarter), 2022 looks to be on track for another record year for the Company. Taking recently announced license agreements into account, I have every reason to believe that this record setting momentum will continue in 2023,"

[Method]

  I expect costs to be elevated in calendar Q3 (fiscal Q4) but revenue growth should be strong this year and next. I spoke to Karon a few weeks ago and he seems to think they don't need anymore equity which makes me think the stock is too cheap down here.

[prophetoffactz]

The market may not like the new store and retail push as well as associated costs and risks going into a recession. Many wanted the EPA approval. Is this still on? iFabric Corp Updates on Clinical Trial for Treated Medical Scrubs T.IFA | July 21, 2022 MARKHAM, ON / ACCESSWIRE / July 21, 2022 / iFabric Corp. ("iFabric" or the "

[Method]

yeah, I think they are still waiting for approval

[prophetoffactz]

I've seen a report on CBS now that said whether child, adult, or elderly person if the person has been infected with COVID the risk of a worse outcome from the other viruses is also increasing. COVID reinfection also increases risks. IFA may be more important than ever.

[prophetoffactz]

Here's an article and pics of IFA's news store in Ontario. Toronto-Based Athleisure Brand VERZUS ALL Opens 1st Storefront [Interview/Photos] (retail-insider.com)