Bullboard - Stock Discussion Forum iFabric Corp T.IFA

Alternate Symbol(s): IFABF

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... see more

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TSX:IFA - Post Discussion

iFabric Corp > Q3 results

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Post by Ciao on Nov 14, 2024 10:34am

Q3 results

"The previously announced fiscal year 2024 outlook, in the range of $28 million to $32 million, is on track to deliver a new record year for both revenue and profits, with revenue for Q4 anticipated to be more than $11 million."

Guidance for the year was reaffirmed but note of potential impact with ongoing Vancouver port strike. If they hit $11M plus in Q4, EPS for the quarter could be .04 or so, bringing year EPS of .05 to .06. There should be a few potential catalysts heading into 2025 and continued rev growth.

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Comment by Ciao on Nov 14, 2024 5:50pm

"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 ...more

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