iFabric Engages Independent Trading Group for Market Making Services saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
iFabric Corp. Announces Record Q1 2021 Revenues and Earnings
MARKHAM, ON / ACCESSWIRE / February 11, 2021 /
iFabric Corp. ( iFabric or the Company ) (TSX:IFA.TO), today announced its results for its first quarter ended December 31, 2020. I am extremely proud of our first quarter performance which represents a testament to the relevancy of our technologies during this unique and tumultuous time. The capabilities of our class-leading technologies and high-quality apparel programs continue to resonate with our customers and their consumers both in-store and across multiple digital platforms, said Hylton Karon, President and CEO of iFabric. My sincere appreciation goes out to our global employees for their passion and extraordinary commitment to serving our customers in the midst of the ongoing pandemic, concluded Mr. Karon.
iFabric Corp Announces Maidenform License Renewal phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.
iFabric Corp. Provides Revenue Guidance for Fiscal 2021 First Quarter
Q1 ENDED DECEMBER 31, 2020 OVERVIEW GUIDANCE:
Based on preliminary results, the Company anticipates overall revenues in excess of $7,000,000 compared to $2,596,841 in Q1 2020, representing an increase of approximately 270%.
Based on preliminary results, the Company anticipates revenues for the Intelligent Fabrics Division to be in excess $6,500,000 compared to $1,435,051, in Q1 2020, representing an increase of approximately 350%, as a result of commercialization of several programs utilizing the division s Protx2 formulation being proven to deactivate
≥
99.9% the COVID-19 causing virus.
Renewed & new performance apparel programs for a major Canadian retailer also contributed to the growth in revenues.
Revenues for the Intimate Apparel Division were impacted by the decrease in in-store retail sales with the continuing lockdowns related to the COVID-19 pandemic and based on preliminary results the Compan
iFabric Corp: iFabric Withdraws Public Offering of Units and Launches Private Placement of Subscription Receipts
MARKHAM, ON / ACCESSWIRE / January 20, 2021 / iFabric Corp. (TSX:IFA)
(the
Company ) announced today that it has made the decision to withdraw its previously announced public offering of units and instead proceed with a private placement of subscription receipts (
Subscription Receipts ), the details of which are set forth below. The decision was made in order to provide the Company with additional time to clear the prospectus associated with the financing and to ensure the financial statements for the Company s interim period ended December 31, 2020 can be included therein.