iFabric Q1 Net Earnings Rise on Revenue Jump
iFabric (IFA.TO) reported an increase in net earnings and revenue for the first quarter driven by a combination of expanding market opportunities and sustained organic growth across the company's core product lines, it said on Tuesday.For the three months ended March 31, 2026, the company reported net earnings after tax attributable to shareholders of $3.7 million or net earnings per share of $0.122, compared with $88,458 or $0.003 per share, a year earlier.Revenue increased to $27.5 million in the quarter compared with $7.1 million, a year-ago, "a new record quarter for the company," it said."This quarter reflects both the strength of our innovation pipeline and the confidence our retail partners have in our ability to execute," said iFabric Chief Executive Hylton Karon. "We are capitalizing on new customer and product-line opportunities while continuing to scale our established core business, and the results speak for themselves."Shares of the company closed down 11% to $3.75 on Monday on the Toronto Stock Exchange.
