IFabric Corp Announces Record Financial Year 2024 Results

iFabric Corp reported robust financial results for Q4 and fiscal year 2024, ending December 31, showing record revenues and strong profitability. The company achieved a $10.5 million sales record in Q4 2024, marking a 55% increase compared to 2023. For the full year, revenue reached $27.3 million, aligning closely with the previous year's figures, despite the fiscal year-end adjustment.

Significant growth was observed in the Intelligent Fabrics and Intimate Apparel divisions, with increases of 55% and 59% respectively in Q4. Gross profit improved by 63% to $4.17 million, with margins rising to 40%. The adjusted EBITDA rose remarkably, up 636% to $1.9 million in Q4.

For 2025, iFabric anticipates double-digit sales growth driven by new product categories and continued robust core program performance. The company's profitability is set to continue as they aim for increased revenues and net earnings.