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iFabric Corp. (TSE:IFA)
:IFA
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2019
|% Change Since: 1.89%
|Next Earnings Date:Dec 24, 2018
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.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.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.
Strong Gross Margin
Gross margin increased to 42% from 40%, attributed to new programs with better margins.
Legal Claim Recovery
The company collected $400,000 from an ongoing legal claim they had previously impaired.
Strong Balance Sheet
The company maintains a strong, underleveraged balance sheet with an unutilized credit line of $6.75 million.
Significant Expected Growth
Guidance for the year suggests over 50% growth for the last two quarters, with Q4 anticipated to be over $10 million in revenue, driven by four major programs.
Major U.S. Retailer Acquisition
Acquired a major U.S. retailer, Target, and established a relationship for ongoing programs.
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TSE:IFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:IFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 19, 2024 | C$1.06 | C$1.09 | +2.83% |
| Nov 14, 2024 | C$1.24 | C$1.15 | -7.26% |
| Aug 14, 2024 | C$1.16 | C$1.17 | +0.86% |
| May 14, 2024 | C$1.22 | C$1.25 | +2.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does iFabric Corp. (TSE:IFA) report earnings?
iFabric Corp. (TSE:IFA) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is iFabric Corp. (TSE:IFA) earnings time?
iFabric Corp. (TSE:IFA) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IFA EPS forecast?
Currently, no data Available
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