iFabric (TSE:IFA) Announces Earnings Results

iFabric (TSE:IFA) released its quarterly earnings data on Wednesday. The company reported C$0.01 earnings per share (EPS) for the quarter, FiscalAI reports. iFabric had a return on equity of 16.15% and a net margin of 6.61%.The business had revenue of C$9.59 million during the quarter.

iFabric Stock Down 9.8%

Shares of TSE IFA traded down C$0.51 during midday trading on Thursday, hitting C$4.70. 309,757 shares of the company’s stock were exchanged, compared to its average volume of 50,231. The firm’s fifty day simple moving average is C$4.71 and its 200-day simple moving average is C$3.68. The company has a market cap of C$171.63 million, a PE ratio of 40.52 and a beta of -0.22. iFabric has a twelve month low of C$0.90 and a twelve month high of C$5.73. The company has a debt-to-equity ratio of 53.81, a current ratio of 1.80 and a quick ratio of 1.48.

About iFabric

iFabric Corp. is a Canadian-based textile technology company focused on the development and commercialization of proprietary chemical solutions that enhance the performance, functionality, and safety of fabrics and other materials. Through its Intelligent Fabric Technologies (North America) division, the Company provides antimicrobial, water-repellent, and other performance-enhancing treatments used across healthcare, apparel, and consumer applications. iFabric’s platform is supported by proprietary formulations, global manufacturing integration, and, in certain applications, clinical validation in real-world environments.