Business
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...
About this update from Ifabric Corp.
[{"type":"text","content":"iFabric Corp Delivers Record Q3 2025 Revenue of $9.0 Million, up 111% Year-Over-YearMARKHAM, 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...