iFabric Corp. J (TSE:IFA)
TSX:IFA
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iFabric
(TSX:IFA)
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Rating:61Neutral
Price Target:
C$3.50
▲(87.17% Upside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by mixed financial performance: strong revenue growth and low leverage are tempered by deeply negative TTM operating/free cash flow, which is the key risk. Technicals show a clear uptrend but with overbought signals that can increase short-term pullback risk. Valuation appears reasonable at a ~17.8 P/E, with no dividend data to add support.
Positive Factors
Revenue Growth
Consistent TTM revenue growth of ~17% indicates expanding adoption of iFabric’s treated-textile products and services. Over 2–6 months this supports larger order pipelines, improves unit economics as scale rises, and underpins durable top-line momentum if distribution and product acceptance persist.
Negative Factors
Negative Cash Generation
Sustained negative operating and free cash flow signals weak cash conversion and reliance on external funding or equity issuance to sustain growth. Over several months this impairs reinvestment capacity, increases financing risk, and can pressure strategic flexibility if negative trends continue.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent TTM revenue growth of ~17% indicates expanding adoption of iFabric’s treated-textile products and services. Over 2–6 months this supports larger order pipelines, improves unit economics as scale rises, and underpins durable top-line momentum if distribution and product acceptance persist.
Read all positive factors
iFabric (IFA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$101.50M
Dividend YieldN/A
Average Volume (3M)9.50K
Price to Earnings (P/E)17.8
Beta (1Y)-0.96
Revenue Growth41.93%
EPS GrowthN/A
CountryCA
Employees36
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.02
Shares Outstanding30,299,467
10 Day Avg. Volume14,356
30 Day Avg. Volume9,500
Financial Highlights & Ratios
PEG Ratio-6.05
Price to Book (P/B)1.82
Price to Sales (P/S)1.20
P/FCF Ratio-7.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
iFabric Business Overview & Revenue Model
Company Description
iFabric Corp. designs and distributes women's intimate apparel and accessories in Canada, the United States, the United Kingdom, Southeast Asia, and internationally. The company's Intimate Apparel division engages in the design, purchase, and dist...
How the Company Makes Money
iFabric makes money primarily by commercializing its proprietary fabric-treatment technologies and selling treated apparel/textile products. Key revenue streams include: (1) Product sales: revenue from selling apparel and textile items that incorp...
iFabric Earnings Call Summary
Earnings Call Date:Aug 14, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Apr 06, 2026
Earnings Call Sentiment Positive
The earnings call presented a positive outlook with record revenue and expectations of significant growth in the coming quarters, supported by strong relationships with major retailers like Target. Despite some challenges such as increased expenses and pending EPA approval, the company's strong balance sheet and strategic growth initiatives indicate a promising future.Positive Updates
Record Quarterly Revenue
The company reported a record Q2 revenue of $5.8 million, marking a 10% increase from the previous year's $5.3 million, driven by the Intelligent Fabrics division.
Negative Updates
Increased Administrative and Selling Expenses
A 34% increase in admin and selling expenses due to increased personnel and travel costs.
Read all updates
Q2-2024 Updates
Positive
Negative
Record Quarterly Revenue
The company reported a record Q2 revenue of $5.8 million, marking a 10% increase from the previous year's $5.3 million, driven by the Intelligent Fabrics division.
Read all positive updates
Company Guidance
During the Q2 2024 earnings call for iFabric (IFA.TO), several key metrics and forward-looking guidance were discussed. Revenue for the quarter reached a record $5.8 million, marking a 10% increase from the previous year, primarily driven by the Intelligent Fabrics division. The gross margin improved to 42% from 40%, reflecting strong performance from new programs. Administrative and selling expenses rose by 34% due to increased personnel and travel costs, as the company invests in infrastructure to support anticipated growth. Despite a $500,000 decrease in cash, working capital increased slightly to $18 million. iFabric maintains a strong balance sheet with an unutilized credit line of $6.75 million. Looking ahead, the company anticipates significant growth in Q4, with projected revenues expected to exceed $10 million, contributing to a total annual revenue target of over $30 million, representing more than 50% growth in the latter half of the year. The management reiterated confidence in achieving these targets, despite potential external challenges like a railroad strike, and highlighted ongoing efforts to expand into new market segments, particularly in the U.S., while also addressing questions about potential share buybacks, insider share purchases, and the status of regulatory approvals.iFabric Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
81
Very Positive
Cash Flow
32
Negative
| Breakdown | Sep 2025 | Mar 2025 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.39M | 27.33M | 22.72M | 19.74M | 19.76M |
| Gross Profit | 11.71M | 11.27M | 8.84M | 7.03M | 7.76M |
| EBITDA | 2.39M | 2.11M | -2.26M | -27.09K | 3.21M |
| Net Income | 1.57M | 1.63M | -1.69M | -452.46K | 2.37M |
Balance Sheet | |||||
| Total Assets | 30.56M | 29.49M | 25.91M | 27.37M | 27.63M |
| Cash, Cash Equivalents and Short-Term Investments | 1.23M | 2.06M | 1.57M | 944.73K | 8.90M |
| Total Debt | 6.40M | 1.88M | 2.03M | 1.24M | 1.27M |
| Total Liabilities | 9.26M | 6.35M | 5.21M | 4.60M | 5.35M |
| Stockholders Equity | 21.30M | 23.13M | 20.69M | 22.75M | 22.27M |
Cash Flow | |||||
| Free Cash Flow | -5.40M | 208.92K | 644.99K | -8.45M | -2.48M |
| Operating Cash Flow | -5.16M | 301.78K | 833.77K | -8.21M | -2.22M |
| Investing Cash Flow | -247.06K | -52.86K | -138.38K | -242.76K | -253.40K |
| Financing Cash Flow | 2.35M | -214.74K | -14.42K | 41.93K | 10.46M |
iFabric Technical Analysis
Positive
1.87
Price Trends
2.20
Positive
1.83
Positive
1.44
Positive
Market Momentum
0.39
Negative
69.32
Neutral
57.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IFA, the sentiment is Positive. The current price of 1.87 is below the 20-day moving average (MA) of 2.56, below the 50-day MA of 2.20, and above the 200-day MA of 1.44, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 69.32 is Neutral, neither overbought nor oversold. The STOCH value of 57.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IFA.
iFabric Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$53.46M | 176.66 | -8.97% | ― | 18.89% | -19.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | C$101.50M | 17.83 | 7.30% | ― | 41.93% | ― | |
58 Neutral | C$1.47B | 3.20 | 4.23% | ― | 3.78% | -54.87% | |
55 Neutral | C$101.56M | 30.61 | -0.06% | ― | -1.95% | -102.54% | |
55 Neutral | C$34.22M | 9.24 | 12.40% | ― | -5.96% | ― | |
54 Neutral | C$143.52M | 14.11 | -21.42% | ― | 4.87% | -1195.39% |
* Consumer Cyclical Sector Average
TSE:IFA
iFabric
3.35
2.16
181.51%
TSE:RET
Reitmans (Canada)
2.20
-0.19
-7.95%
TSE:UNI
Unisync
1.80
0.65
56.52%
TSE:GOOS
Canada Goose Holdings
15.12
3.13
26.11%
TSE:ROOT
Roots Corporation
3.66
1.27
53.14%
TSE:MENE
Mene
0.21
0.06
41.38%
iFabric Corporate Events
Business Operations and StrategyFinancial Disclosures
iFabric Projects Record 2025 Revenue and Transformative Growth in 2026
Positive
Mar 16, 2026
iFabric Corp. estimates fiscal 2025 revenue at about $33 million, a 20% year-over-year increase and a new annual record, while projecting first-quarter 2026 revenue between $20 million and $25 million, which would mark the largest quarter in its h...
Business Operations and StrategyProduct-Related Announcements
iFabric’s Doctor’s Choice Medical Scrubs Win 1,000-Store U.S. Retail Expansion
Positive
Mar 4, 2026
iFabric Corp.’s subsidiary Intelligent Fabric Technologies (North America) has secured a 1,000-store expansion for its Doctor’s Choice scrubs at a major U.S. national big-box retailer, following an initial rollout that moved from onlin...
Business Operations and StrategyProduct-Related Announcements
iFabric launches clinically validated Frontline antimicrobial scrubs at major Canadian wholesale club
Positive
Feb 18, 2026
iFabric’s subsidiary Intelligent Fabric Technologies (North America) has launched Frontline, a new line of medical scrubs at a major Canadian wholesale club, embedding its PROTX2 antimicrobial and ecoPEL water-repellent technologies. The mov...
Business Operations and StrategyProduct-Related Announcements
iFabric Strikes Deal with The Lad Collective to Launch Functional Bedding in North America
Positive
Jan 13, 2026
iFabric’s subsidiary Intelligent Fabric Technologies (North America) Inc. has signed a licensing agreement with Australian bedding and sleep-essentials brand The Lad Collective to manufacture, market and distribute function-focused bedding p...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
iFabric’s IFTNA Unit Launches Roots-Branded Footwear at Canadian Wholesale Club
Positive
Jan 7, 2026
iFabric’s subsidiary IFTNA has introduced a Roots-branded footwear line at a nationwide Canadian wholesale club, marking the company’s formal entry into footwear as a new finished-product category that showcases its proprietary perform...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.