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Ifabric Corp - IFABF STOCK NEWS

Welcome to our dedicated news page for Ifabric (Ticker: IFABF), a resource for investors and traders seeking the latest updates and insights on Ifabric.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ifabric's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ifabric's position in the market.

Rhea-AI Summary
iFabric Corp. announces the US EPA registration of two cutting-edge antimicrobial technologies, bioFRESH and PROTX2 S, through its subsidiary, Intelligent Fabric Technologies (North America) Inc. The innovative bio-based and mineral-based technologies aim to address evolving customer needs and environmental challenges. President Giancarlo Beevis highlights the sustainability benefits and expanded product portfolio these technologies offer, signaling iFabric's commitment to innovation and excellence in antimicrobial protection solutions.
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iFabric Corp. reports strong revenue growth and operational earnings for the fiscal period ending December 31, 2023. The company showcases technological advancements and new customer acquisitions in the United States.
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iFabric Corp. (IFABF) provides a positive revenue outlook for fiscal 2024, expecting sales to reach $28 to $32 million with new performance apparel programs secured. The company aims to expand its customer relationships, introduce new clothing categories, and increase its presence in the US market to drive sales and earnings growth in 2025.
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IFABRIC CORP. (TSX: IFA) (OTCQX: IFABF) has received conditional approval from the Toronto Stock Exchange to extend the exercise period of 2,943,717 outstanding common share purchase warrants for a year. The Warrants represent approximately 8.85% of the Company's issued shares. The decision aims to provide additional capital without share price discounts or transactional costs. The extension will be effective from March 23, 2024, to March 23, 2025.
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iFabric Corp. (TSX: IFA) (OTCQX: IFABF) announced strong unaudited results for the fourth quarter and twelve months ended September 30, 2023. The company reported a 10% increase in revenue, reaching $21,642,761, with significant growth in its Intelligent Fabric and Intimate Apparel divisions. Gross profit also rose by 21% to $8,520,563, while net earnings attributable to shareholders amounted to $596,986. However, Q4 2023 saw a 20% decrease in revenue due to delivery timing differences, resulting in negative adjusted EBITDA of $123,821.
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iFabric Corp. (IFA) Announces Lease Agreement for New Office Space in Markham, Ontario, to Accommodate Growth in Canadian Apparel Programs
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5.19%
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iFabric Corp. renews license and distribution agreement with HBI IP Holdings Switzerland GmbH and Maidenform LLC, subsidiaries of HanesBrands Inc.
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iFabric Corp. provides an update on its submission to the USA Environmental Protection Agency (EPA) regarding the leaching nature of textiles treated with PROTX2. Ongoing communications with the EPA have led to their request for a final dataset. The study is being conducted at an independent laboratory under GLP standards. Previous testing has shown that the leaching of the product is within acceptable safety norms. The current test is expected to yield similar results and be the final step in the approval process for public health claims on apparel.
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Ifabric Corp

OTC:IFABF

IFABF Rankings

IFABF Stock Data

30.30M
10.18M
66.32%
0.43%
Hosiery and Sock Mills
Manufacturing
Link
Canada
Markham