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Earnings

iFabric Corp Delivers Record Q3 2025 Revenue of $9.0 Million, up 111% Year-Over-Year

By The Northwire Desk — AI Analysis Nov 12, 2025 · 06:30 IFA · 1.16 IFABRIC CORP. J
IFA · Price

Executive Summary

  • iFabric Corp. reported record Q3 2025 revenue of $9.02 M, a 111% increase versus the same quarter in 2024.
  • Adjusted EBITDA turned positive at $850,090 (vs. a negative $1,943 in Q3 2024) and net earnings after tax were $543,802 ($0.018 per share), reversing a loss from the prior year.
  • Gross margin fell to 30% due to U.S. tariffs and product‑mix effects, but management expects margins to normalize as tariff reductions phase in and ERP efficiencies are realized.

Key Details

  • Revenue
  • Q3 2025 total revenue: $9,021,607 (↑111% YoY).
  • Intelligent Fabric Division: $6,930,448 (↑170% YoY).
  • Intimate Apparel Division: $2,089,409 (↑22% YoY).
  • Profitability
  • Gross profit: $2,727,058 (30% margin), up 55% YoY.
  • SG&A expenses: $2,093,936, up 20% YoY (personnel, regulatory, advertising, travel, ERP implementation costs).
  • Adjusted EBITDA: $850,090, up from a negative $1,943 in Q3 2024.
  • Net earnings after tax: $543,802 ($0.018/share), versus a loss of $105,616 ($0.003/share) in Q3 2024.
  • Cash & Working Capital
  • Cash balance at Sep‑30‑2025: $1,233,908, down from $2,655,107 (previous quarter) due to higher inventory deposits.
  • Working capital (excluding term loan): $19.89 M, up $726,895 YoY.
  • Nine‑Month Highlights (YTD)
  • Revenue YTD: $21.90 M (↑30% YoY).
  • Intelligent Fabric Division YTD revenue: $16.02 M (↑49% YoY).
  • Intimate Apparel Division YTD revenue: $5.87 M, down 4% YoY.
  • Gross margin YTD fell to 35% from 42% in 2024.
  • Adjusted EBITDA YTD: $900,384, down from $1.21 M in 2024.
  • Management Commentary
  • CEO Hylton Karon highlighted the “record quarter” and expects momentum to continue into Q4 2025 and FY 2026, noting that tariff impacts and ERP implementation costs are temporary.
  • Forward‑Looking Statements
  • Management anticipates tariff reductions and ERP efficiency gains will improve margins in upcoming quarters.

Notable Quotes

“Our record quarter underscores how our technology portfolio is effectively resonating with retailer customers and scaling with their major new programs,” – Hylton Karon, CEO
“We’re entering Q4 with strong momentum and clear line‑of‑sight to carry that strength across FY2026.” – Hylton Karon, CEO

Read the original news release →

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