iFabric Corp Achieves Record Revenues and Profitability in 2024

iFabric ( (TSE:IFA) ) has provided an update.

iFabric Corp reported record revenues and strong profitability for Q4 and the full fiscal year 2024, with a significant increase in sales and earnings per share. The company achieved a 55% revenue growth in Q4 2024 compared to the same period in 2023, driven by new apparel programs. For the fiscal year 2024, iFabric’s revenues were nearly on par with 2023 despite a shorter reporting period, and the company anticipates continued double-digit sales growth in 2025 with the introduction of new product categories. The financial results indicate robust performance in both the Intelligent Fabrics and Intimate Apparel divisions, with increased gross profit margins and a substantial rise in adjusted EBITDA, reflecting the company’s strong operational efficiency and market positioning.

More about iFabric

iFabric Corp is a company operating in the textile industry, focusing on intelligent fabrics and intimate apparel. The company is known for its innovative apparel programs and chemical treatments, which contribute to its strong market presence.

YTD Price Performance: 5.45%

Average Trading Volume: 12,410

Technical Sentiment Signal: Hold

Current Market Cap: C$35.15M

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