Ifabric Corporation (QX)【IFABF】株式ニュース

$IFABF: Nice run since last summer.................. now $1.50

I guess you saw this one a lillllllllllll too early.

Still she's having a go at it now.

https://x.com/iFabricCorp/status/1991200941626867829?s=20

GO $IFBAF

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iFabric Corp Delivers Record Q3 2025 Revenue of $9.0 Million, up 111% Year-Over-Year
MARKHAM, ON / ACCESS Newswire / November 12, 2025 / iFabric Corp. ("iFabric" or the "Company") (TSX:IFA)(OTCQX:IFABF), a leader in technology-enhanced apparel, reported all-time-high revenue of $9,021,607 for its third-quarter of 2025, a 111% increase versus Q3 2024. iFabric believes this step-change in scale reflects robust demand for its differentiated technologies and sets a strong foundation for continuing year-over year growth in Q4 2025 and across 2026.

The Company is continuing to advance key customer product launch programs, which are intended to drive sales growth and expanding market reach. Management expects this momentum to continue into year-end and beyond, supported by a healthy order pipeline and ongoing retailer adoption of Company products. As part of this growth phase, iFabric experienced a gross-margin and earnings dip this quarter that it believes to be temporary - reflecting the first-wave impact of U.S. tariffs and up-front costs tied to the rollout of its new Enterprise Resource Planning (ERP) software system; however, these transitional items are expected to normalize as announced tariff reductions phase-in and efficiency gains from the ERP implementation are realized.

"Our record quarter underscores how our technology portfolio is effectively resonating with retailer customers and scaling with their major new programs," said Hylton Karon, CEO of iFabric Corp. "We're entering Q4 with strong momentum and clear line-of-sight to carry that strength across FY2026. Even as we invest to support rapid growth, we remain focused on profitable execution, operational excellence, and delivering innovative products that keep iFabric on a compelling upward trajectory," concluded Mr. Karon.

THREE MONTHS ENDED SEPTEMBER 30, 2025 (Q3 2025), HIGHLIGHTS:

Total Q3 2025 Revenues were $9,021,607, an increase of 111% or $4,741,043 compared to $4,280,564 in 2024.
Intelligent Fabric Division revenue was $6,930,448, an increase of 170% or $4,361,311 from $2,569,137 in 2024, with that growth attributable to new programs, mainly in the US.
Intimate Apparel Division revenue was$2,089,409 an increase of 22% or $383,232 from $1,706,177 in 2024, likewise as a result of new programs.
Gross profit contribution increased to $2,727,058 (30% gross margin) in 2025, an increase of 55% or $970,328 compared $1,756,730 (41% gross margin) in 2024. Gross margins for the quarter were impacted by US tariffs as well as the product mix for the quarter, which saw increased shipments of higher volume but lower margin products.
Selling, general and administrative costs were $2,093,936 in Q3 2025 compared to $1,742,051 in 2024, an increase of 20% driven by increased personnel, regulatory, advertising and travel costs incurred to support future revenue growth, as well as costs associated with the implementation of the Company's new ERP system, which is scheduled to go live in January 2026.
Adjusted EBITDA of $850,090 in 2025 compared to adjusted negative EBITDA of $1,943 in 2024, for an increase of $852,033.
Net earnings after tax attributable to iFabric's shareholders in Q3 2025 amounted to $543,802 ($0.018 per share, basic and diluted), compared to a net loss attributable to shareholders of $105,616 ($0.003 per share, basic and diluted) in 2024.
Working capital, (excluding a term loan classified as current under IFRS, but not requiring repayment in 2026) amounted to $19,894,491 at the end of Q3 2025, compared to $19,167,596 at the end of the previous quarter, an increase of $726,895, attributable to the earnings for the current quarter.
Cash decreased to $1,233,908 as at September 30, 2025, from $2,655,107 at the end of the previous quarter, due to an increase in deposits against future inventory deliveries.
NINE MONTHS ENDED SEPTEMBER 30, 2025 (YTD 2025), HIGHLIGHTS:

Revenue increased to $21,898,808 for the nine months ended September 30, 2025, up by 30% or $5,067,400 compared to $16,831,408 in 2024, with growth attributable to new programs.
With regard to divisional revenues, YTD 2025 revenue of the Intelligent Fabrics Division was $16,017,784 in 2025 from $10,734,930 in 2024 (for an increase of 49% or $5,282,854), while the Intimate Apparel Division revenue was $5,868,774 in 2025 from $6,089,478 in 2024 (for a decrease of 4% or $220,704).
Gross margins decreased to 35% during the nine months of 2025, compared to 42% in 2024, as a result of the product mix for the period and the impact of U.S. tariffs. Gross profit dollars increased by 7% or $475,444 to $7,609,414 in 2025 compared to $7,133,970 in 2024.
For the nine months ended September 30, 2024, selling, general and administrative costs were $6,749,405 in 2025, compared to $6,227,215 in 2024 (up by 8% or $522,190), mainly as a result of increased personnel, advertising, and travel costs incurred to support future revenue growth, as well as costs associated with implementation of the Company's new ERP system.
Adjusted EBITDA for the first nine months of 2025 amounted to $900,384 compared to adjusted EBITDA of $1,210,254 in 2024.
Complete Financial Statements are available on www.sedarplus.ca. and the company's website at www.ifabriccorp.com.

FINANCIAL HIGHLIGHTS

Quarter Ended
September 30

Nine Months Ended
September 30

2025

2024

2025

2024

$

$

$

$

Revenue

9,021,607

4,280,564

21,898,808

16,831,408

Earnings (loss) from operations

506,123

(196,502

)

377,815

608,595

Share based compensation

-

(131,220

)

151,834

416,820

Adjusted EBITDA *(Note)

850,090

(1,943

)

900,384

1,210,254

Net earnings (loss) before tax

723,091

(213,124

)

418,190

550,114

Net earnings (loss) after tax attributable to shareholders

543,802

(105,616

)

442,157

501,083

Net income (loss) per share - basic

0.018

(0.003

)

0.015

0.017

Net income (loss) per share - diluted

0.018

(0.003

)

0.015

0.017

*Note: Adjusted EBITDA represents earnings before interest, taxes, depreciation, amortization and share based compensation.

*USE OF NON-GAAP MEASURES

Certain measures in this document do not have any standardized meaning as prescribed by International Financial Reporting Standards ("IFRS") and, therefore, are not considered generally accepted accounting principles ("GAAP") measures and may not be comparable to similar measures presented by other issuers. Where non-GAAP measures or terms are used, definitions are provided. The Company believes that certain non-GAAP financial measures provide important information regarding the operational performance and related trends of the Company's business. In this document and in the Company's consolidated financial statements, unless otherwise noted, all financial data is prepared in accordance with IFRS.

Adjusted EBITDA

The Company uses Adjusted EBITDA to assess its operating performance without the effects of (as applicable): current and deferred tax expense, finance costs, interest income, depreciation and amortization of plant assets, other gains and losses, impairment loss, share-based compensation and other non-recurring items. The Company adjusts for these factors as they may be non-cash, unusual in nature and may not optimally represent its core operating performance. Adjusted EBITDA is not intended to be representative of net earnings from operations or an alternative measure to cash provided by operating activities determined in accordance with IFRS.

The table below reconciles Adjusted EBITDA and Net earnings attributable to owners of the Company, calculated in accordance with IFRS:

Three months

Nine months

For the period ended September 30,

2025

2024

2025

2024

Net earnings (loss) after tax attributable to shareholders

543,802

(105,616

)

442,157

501,083

Add (deduct):

Net earnings attributable to non-controlling interest

-

(405

)

-

1,636

Provision (recovery) for income taxes

179,289

(107,103

)

(23,967

)

47,395

Share-based compensation

-

131,220

151,834

416,820

Amortization of deferred development costs

8,901

8,901

26,703

26,703

Depreciation of plant, property and equipment and right-of-use assets

47,038

47,178

141,113

141,080

Interest expense

71,060

23,882

162,544

75,537

Adjusted EBITDA

850,090

(1,943

)

900,384

1,210,254

Add (deduct):

Share-based compensation

-

(131,220

)

(151,834

)

(416,820

)

EBITDA

850,090

(133,163

)

748,550

793,434

About iFabric Corp:

Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and, currently has 30.3 million shares issued and outstanding. Its two strategic 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 high-performance sports apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that provide "intelligent" properties to fabrics, foams, plastics, and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include antiviral and antibacterial characteristics, water-repellence and UV protection, among others.

Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.

FORWARD LOOKING STATEMENTS

Forward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward looking statements. The use of any words such as "anticipate", "continue", "plans", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the extent and impact of health pandemic outbreaks on our business; general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; the actual results of the Company's future operations; competition; changes in legislation affecting the Company; the ability to obtain and maintain required permits and approvals, the timing and availability of external financing on acceptable terms; lack of qualified, skilled labour or loss of key individuals.

A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's annual information form dated March 28, 2025 and other filings with the Canadian securities regulators available under the Company's profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Readers are cautioned not to place undue reliance on these statements as the Company's actual results, performance, or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that forward-looking statements will materialize. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Any financial outlook or future oriented financial information in this news release, as defined by applicable securities legislation, has been approved by management of iFabric. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason except as required by applicable securities laws.

FOR FURTHER INFORMATION PLEASE CONTACT:

Hylton Karon, President & CEO
Tel: 647.297.9815
Email: hyltonk@ifabriccorp.com

Giancarlo Beevis, COO
Tel: 647.225.4426
Email: gc@ifabriccorp.com

Hilton Price, CFO
Tel: 647.465.6161
Email: hilton.price@rogers.com

Website: www.ifabriccorp.com

Neither the TSX Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: iFabric Corp

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17 iFabric is geared up for growth and the stock is value-priced
Posted by: Gerry Wimmer
12/17/2022
|
NEW - TOP IDEAS: New contract wins in its intelligent fabrics business are adding to the expected record revenue growth, and iFabric Corp’s (TSX: IFA) shares are still trading near the Company's book value. The stock is appointed to Investorfile’s list of Top Ideas as a small cap value investment opportunity.

What started out as an intimate apparel company back in the 1990s (a division which continues to operate profitably today), the main driving force behind iFabric’s future growth and expansion is the Company’s intelligent fabrics business. This includes the development, testing and distribution of specialty textiles, as well as chemicals suitable for application to textiles on apparel that improves the safety and well-being of the wearer.

Based in Markham, Ontario, iFabric Corp.’s (TSX: IFA – C$0.55) wholly owned subsidiary, Intelligent Fabric Technologies (IFT), has exclusive worldwide distribution rights consisting of a number of proprietary chemical formulations that can be applied to textiles in order to kill bacteria and viruses, repel insects, absorb odours, repel and wick moisture, block ultraviolet light and help encourage a healthy skin environment, amongst others, the Company says. These treated textiles become finished performance apparel, medical apparel and protective products, as well as swimwear, which integrate one or more chemical enhancements in order to achieve the performance characteristics demanded by the Company’s customers and consumers.

As described by iFabric, IFT current product offerings include Protx2® (anti-microbial and anti-viral formulations), Enguard® (insect repellant technology), Dreamskin® (skin polymer), UVtx (ultraviolet light blocker), FreshTx (odour-absorbing technology), RepelTX (durable water repellant) and DryTx (moisture-wicking technology), among others. The Company anticipates that several new formulations and new generations of existing formulations will be added to its pipeline in the future.

The IFT division has two key supply centres in Asia (namely China and Taiwan) which service the Asian market. This market represents the main production region for manufactured textiles supplied to North America and internationally, and is the Company’s main market area for the distribution of intelligent textile technologies. That being said, it is also exploring production options outside of Asia, too.

These supply centres offer technical support for IFT customers regarding the integration of the IFT chemical formulations in their apparel products when they are manufactured by the customer directly. Because the parent company IFabric has textile expertise, IFT also supplies finished performance and protective apparel products (treated with one or more of its formulations) on behalf of its customer brands or under its own brands.

Today, many major brands have finished apparel which integrates one or more chemical enhancements developed by IFT. According to the Company, Under Armour, Lululemon, Walmart, Target, TUMI, The North Face, Roots, Hanes, Kohl’s and Amazon are all top customers of IFT.

According to iFabric, the technology-enhanced textile market is growing rapidly. The Company says that the Global Smart Textiles Market is projected to reach US$13.6 billion by 2027. The Global Antimicrobial Textiles Market is projected to reach US $11.5 billion by 2027 and the Global Cooling Textiles Market US$3.4 billion.

About six months ago, IFT was the beneficiary of a number of major developments. First, IFT announced the execution of a license agreement with the famous Canadian apparel brand, Roots. This license provides IFT with the right to use Roots' trademarks in connection with the manufacturing and distribution of men’s, women’s and children's swimwear to retailers and other approved distribution channels, including Roots stores. The Company says this deal will bolster revenues in its fiscal Q2 & Q3 quarters, which historically have been weaker due to some seasonality of its business.

The second major development was a new license agreement with The North Face. This agreement provides The North Face with the right to use IFT’s RepelTX and ecoPEL chemical formulations in its outdoor apparel, footwear and equipment manufactured and distributed by The North Face. The Company has said that The North Face becomes the first major customer to adopt the use of RepelTX and ecoPEL in a wide range of products.

To date, in the first nine months of fiscal 2022, the Company reported revenues of C$13.7 million, which is down somewhat from 2021. But, revenues in fiscal Q3 2022 rose 26% year-over-year to C$5.24 million, with 32% of the growth coming from the IFT business division and 19% from iFabric's legacy business division, which produces intimate apparel. About two thirds of total revenue is derived from the IFT division. Blended gross margins are around 40%. iFabric earned C$360,469 in Q3 with earnings per share of C$0.01. In Q3, adjusted EBITDA was C$536,778, representing a margin of 10% on revenues.

iFabric has good balance sheet with a strong current ratio. As of June 30, 2022 the Company had C$2.6 million in cash and an undrawn operating bank loan. We note at that time the inventory value was high at C$10.8 million. According to the Company, inventory was brought in early this year to avoid shipping issues in China and was required for confirmed customer programs for the remainder of 2022. We expect that a sizable portion of inventory will be converted into cash during the first half of fiscal 2023 and inventory levels will begin to normalize more.

iFabric’s stock price is currently trading at 52-week lows and what we believe are discounted levels, given that today’s market valuation is near the Company’s tangible book value and working capital levels. But, beyond the balance sheet, we see value, too. Recent contract wins suggest to us that revenue momentum is building inasmuch that iFabric could report record annual sales (C$20 million plus) in fiscal 2022 and beyond. Given the growth profile our forecast calls for the Company’s revenue run rate to reach C$30 million exiting fiscal 2024.

Based on historical data and improved operating leverage on the estimated higher sales levels, we forecast that the Company can earn adjusted EBITDA margins of 10% or higher on its revenues in fiscal 2023 and beyond with positive earnings-per-share.

Given that iFabric’s stock valuation is trading at its book value per share range and at Enterprise Value (EV) to Sales ratio of 0.75 (for fiscal 2022), there is tremendous value in this stock today. That said, Investorfile is recommending the purchase of the shares. We suggest that small cap investors should accumulate this stock up to a price of $0.85 from its current trading price of C$0.55. For investors who own theses shares with average cost-base of about C$0.70, they are paying a valuation less than 6.5x EV/EBITDA based our above forecast for fiscal 2024. This is still inexpensive, especially if our assumptions prove to be conservative for this growth story. We note that this stock traded as high as C$3.60 earlier in 2022. As always, investors in small cap stocks should have a minimum investment horizon of 24 months to realize the capital appreciation potential.

Not incorporated in our forecasts are several possible catalysts that may come to fruition in 2023. First, the Company is still waiting for a US Environmental Protection Agency (EPA) submission process for next-level efficacy claims for its ProTX2 anti-bacterial and anti-viral, fabric-treatment technology. Approvals by the EPA would provide IFabric with enormous new market opportunities.

In an investor presentation, the Company’s CEO had suggested that its proprietary chemical formulations have applications on alternative surfaces; therefore it is in discussions with significant manufacturers outside of the apparel market to realize these new product opportunities... thus another potential major catalyst.

Noteworthy on iFabric’s balance sheet (recorded as a current asset) is a C$4.73 million prepaid expense and deposit which is subject to dispute claim for non-delivery of a textile product by a China-based supplier. While Company Management still feels it will recover some or all such funds, we have not included this amount in our valuation calculations and thus in our opinion it maybe deemed a write-off on future audited statements. On a positive note, the book value amount on iFabric’s balance sheet may significantly understate the true market value of the Company’s warehouse property it owns in Markham, Ontario.

We note that iFabric’s CEO has 35 years of experience in the textile market and the President of the Intelligent Fabric Technologies division has been with the Company for over 15 years. Combined, Management owns 64% of the Company’s outstanding shares and iFabric’s CEO is by far the largest shareholder.

Last reported, iFabric has about 29.8 million shares outstanding and 34.4 million on a fully diluted basis. The most recent public filings indicate most of all the option and warrant strike prices are significantly out-of-the-money and, therefore, are currently anti-dilutive for our valuation calculations.

iFabric Corp. website: www.ifabriccorp.com