tiprankstipranks
iFabric Corp Posts Record Q1 Earnings Growth
Company Announcements

iFabric Corp Posts Record Q1 Earnings Growth

iFabric Corp. (TSE:IFA) has released an update.

Don't Miss our Black Friday Offers:

iFabric Corp reported a strong start to fiscal 2024 with a 2% increase in Q1 revenue and a 30% jump in adjusted EBITDA, driven by new customers and solid margins in its Intelligent Fabrics Division. Despite a slight decrease in Intimate Apparel Division sales in Canada, the company achieved an 11% rise in gross profit and an overall net earnings increase to $550,596. This financial growth contributes to a robust working capital and an unutilized bank operating line, positioning iFabric for potential future expansion.

For further insights into TSE:IFA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskiFabric Corp Anticipates Record Fourth Quarter
TipRanks Canadian Auto-Generated NewsdeskiFabric Corp Celebrates Record Earnings in Q2 2024
TipRanks Canadian Auto-Generated NewsdeskiFabric Corp. Shareholders Approve All Resolutions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App