iFabric (IFA) AI Stock Analysis

• Market Cap: C$66.66M
• Dividend Yield: N/A
• Average Volume (3M): 9.50K
• Price to Earnings (P/E): 44.3
• Beta (1Y): 0.24
• Revenue Growth: 41.93%
• EPS Growth: N/A
• Country: CA
• Employees: 36
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.02
• Shares Outstanding: 30,299,467
• 10 Day Avg. Volume: 14,356
• 30 Day Avg. Volume: 9,500
• PEG Ratio: -0.11
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 1.26
• P/FCF Ratio: 164.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: C$2.50 ▲(33.69% Upside)

The score is primarily held back by weak cash generation (deeply negative TTM operating and free cash flow), despite strong revenue growth and a low-leverage balance sheet. Technicals show an uptrend but are overbought, and valuation is demanding with a ~36 P/E and no dividend yield provided.

Positive Factors

Revenue growth

Sustained TTM revenue growth of +17.1% indicates meaningful demand traction for Intelliflex treatments and branded apparel. Persistent top-line expansion improves fixed-cost absorption, supports scalable investment in commercialization, and underpins longer-term margin and market-share gains if growth continues.

Strong product-level margins

A roughly 40.5% gross margin demonstrates attractive unit economics from proprietary fabric treatments, suggesting pricing power or efficient production. Healthy product-level margins provide capacity to fund R&D, marketing and channel expansion, improving durability of profits as volumes scale.

Low financial leverage

Very low debt-to-equity (~0.08) delivers balance-sheet flexibility, reducing interest and refinancing risk. This financial headroom lets management absorb working-capital swings, pursue partnerships or licensing, and invest in commercialization without immediate pressure to raise dilutive capital.

Negative Factors

Negative cash generation

Deep negative operating and free cash flows (~ -$5.2M/-$5.4M TTM) show the company fails to convert reported earnings into cash. Persistent cash burn stresses liquidity, risks financing needs or dilution, and limits ability to sustain marketing, production scale-up, or strategic initiatives over the coming quarters.

Inconsistent profitability history

Episodes of losses in 2022–2023 and only modest TTM ROE indicate earnings volatility. Irregular profitability complicates forecasting, weakens negotiating leverage with suppliers and partners, and raises execution risk when scaling production or entering long-term contracts.

Revenue depends on partner adoption

Business outcomes hinge on other brands and manufacturers adopting Intelliflex treatments and placing repeat orders. Licensing and royalty streams are unspecified, creating structural revenue concentration and go-to-market risk that could slow durable scale absent material partnership wins.

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 distribution of intimate apparel, which includes a range of specialty bras, including reversible bra, patented bandeaux bra, and patented breast lift products. Its Intelligent Fabrics division engages in development, testing, and distribution of specialty textiles and chemicals for textiles, such as Protx2, an anti-microbial and anti-viral formulations; Enguard, an insect repellant technology; Dreamskin, a skin polymer; UVtx, an ultraviolet light blocker; FreshTx, an odor absorbing technology; RepelTX, a durable water repellant; Omega+, a joint and muscle recovery; TempTx, a thermal regulator; Apollo, a body odor neutralizer; DryTx, a moisture-wicking technology; BioTX, a metal free anti-stink solution; RepelTX Eco Plus, a fluorine-free durable water repellant; IMPRINT, a logo exposing moisture-wicker; and DriForce, a fabric interior moisture wicker. iFabric Corp. was founded in 1985 and is headquartered in Markham, Canada.

How the Company Makes Money

iFabric generates revenue through several key streams. Primarily, it earns money by selling advanced textile products to manufacturers and brands in the apparel industry. These products include performance fabrics treated with proprietary technologies that enhance their usability and longevity. Additionally, iFabric has established partnerships with various companies to co-develop specialized fabrics, which can lead to licensing agreements and royalties. The company also engages in direct sales of its own branded apparel, further diversifying its income. Revenue is bolstered by ongoing research and development efforts that keep its product offerings at the cutting edge of textile technology, enabling it to maintain competitive advantages in the market.

iFabric Financial Statement Overview

Summary

Strong TTM revenue growth (+17.1%) and positive profitability support the score, and low leverage (debt-to-equity ~0.08) reduces financial risk. The main drag is cash conversion: TTM operating cash flow and free cash flow are deeply negative (about -$5.2M and -$5.4M), despite positive earnings, indicating volatility and working-capital/cash-burn risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue growth is strong (+17.1%), and profitability is positive with a ~40.5% gross margin and ~5.3% net margin. However, profitability remains modest versus the revenue base, and margins have compressed versus 2024 (net margin ~6.0%) and are well below 2021 levels, highlighting ongoing earnings volatility across the cycle.

Balance Sheet

Leverage is low with debt-to-equity around 0.08 in the most recent periods, providing balance-sheet flexibility and limiting financial risk. Equity is sizable relative to assets, and returns on equity are positive in TTM (~4.9%), but have been inconsistent over time (loss years in 2022–2023), suggesting profitability durability is still improving rather than fully established.

Cash Flow

Cash generation is the key weakness: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are deeply negative (about -$5.2M and -$5.4M, respectively), a sharp reversal from positive cash flow in 2023–2024. While reported free cash flow growth looks unusually high, the current-period cash burn raises concerns about working-capital swings and the ability to consistently convert earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	32.39M	27.33M	22.72M	19.74M	19.76M	11.52M
Gross Profit	11.71M	11.27M	8.84M	7.03M	7.76M	4.30M
EBITDA	2.39M	2.11M	-2.26M	-27.09K	3.21M	-551.96K
Net Income	1.57M	1.63M	-1.69M	-452.46K	2.37M	-624.71K
Balance Sheet
Total Assets	30.56M	29.49M	25.91M	27.37M	27.63M	17.51M
Cash, Cash Equivalents and Short-Term Investments	1.23M	2.06M	1.57M	944.73K	8.90M	1.16M
Total Debt	6.40M	1.88M	2.03M	1.24M	1.27M	1.32M
Total Liabilities	9.26M	6.35M	5.21M	4.60M	5.35M	8.17M
Stockholders Equity	21.30M	23.13M	20.69M	22.75M	22.27M	9.34M
Cash Flow
Free Cash Flow	-5.40M	208.92K	644.99K	-8.45M	-2.48M	-1.24M
Operating Cash Flow	-5.16M	301.78K	833.77K	-8.21M	-2.22M	-1.06M
Investing Cash Flow	-247.06K	-52.86K	-138.38K	-242.76K	-253.40K	-178.02K
Financing Cash Flow	2.35M	-214.74K	-14.42K	41.93K	10.46M	205.15K

iFabric Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 1.90, above the 50-day MA of 1.64, and above the 200-day MA of 1.21, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 71.65 is Negative, neither overbought nor oversold. The STOCH value of 93.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IFA.

iFabric Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOOS	66 Neutral	$1.60B	63.00	6.07%	―	3.78%	-54.87%
MENE	62 Neutral	C$56.06M	-35.25	-9.12%	―	18.89%	-19.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
IFA	59 Neutral	C$66.66M	44.32	7.33%	―	41.93%	―
RET	55 Neutral	C$113.15M	-296.43	-0.06%	―	-1.95%	-102.54%
UNI	52 Neutral	C$32.99M	158.88	1.40%	―	-5.96%	―
ROOT	48 Neutral	C$121.17M	-4.02	-19.60%	―	4.87%	-1195.39%

iFabric Corporate Events

iFabric Strikes Deal with The Lad Collective to Launch Functional Bedding in North America

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 products across North America. The partnership will combine The Lad Collective’s patented utility-led bedding features with iFabric’s advanced textile technologies, including its PROTX2 platform, to address what the companies see as a largely under-innovated bedding category and extend iFabric’s technology beyond apparel into home and bedding, potentially broadening its revenue base and strengthening its positioning in functional textiles.

The most recent analyst rating on (TSE:IFA) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on iFabric stock, see the TSE:IFA Stock Forecast page.

iFabric’s IFTNA Unit Launches Roots-Branded Footwear at Canadian Wholesale Club

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 performance technologies for comfort, wearability and freshness. The program is expected to generate about $8 million in incremental first-year revenue and builds on recent growth initiatives with major retailers like Walmart U.S. and Marks & Spencer, positioning iFabric to broaden its technology-enabled product offerings and expand its presence across lifestyle categories and global retail channels in 2026.

The most recent analyst rating on (TSE:IFA) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on iFabric stock, see the TSE:IFA Stock Forecast page.

iFabric Corp Achieves Record Q3 Revenue with Strong Growth Prospects

iFabric Corp reported a record revenue of $9.0 million for Q3 2025, marking a 111% increase from the previous year, driven by strong demand for its technology-enhanced apparel. Despite a temporary dip in gross margins and earnings due to U.S. tariffs and ERP system rollout costs, the company remains optimistic about continued growth supported by a healthy order pipeline and retailer adoption. The company aims to maintain its upward trajectory by focusing on profitable execution and operational excellence.

The most recent analyst rating on (TSE:IFA) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on iFabric stock, see the TSE:IFA Stock Forecast page.