iFabric Corp. Reports Record Revenues and Profitability in Q4 and Fiscal Year 2024
Markham, ON, March 31, 2025 – iFabric Corp. (“iFabric” or the “Company”), a leading provider of innovative textile solutions, is thrilled to announce the release of its audited financial results for the fourth quarter and fiscal year ended December 31, 2024 (“2024”). With the new financial year end effective from October 1, 2022, iFabric reported impressive growth in both revenues and profitability.
Record-Breaking Financial Performance
The Company achieved record revenues of $125.2 million in Q4 2024, representing a 21% increase compared to Q4 2023. Fiscal year 2024 revenues reached an all-time high of $391.8 million, a 17% year-over-year increase.
Strong Profitability
iFabric’s profitability also saw significant improvement. Q4 2024 net income amounted to $14.5 million, compared to $11.2 million in the same period last year. Fiscal year 2024 net income reached $37.7 million, up from $31.5 million in 2023.
Impact on Consumers
These financial results are great news for consumers as they indicate a strong and stable iFabric. With the company’s continued growth, consumers can expect even more innovative textile solutions and improved product offerings. iFabric’s commitment to research and development ensures that the latest textile technologies will be available to meet the evolving needs of consumers.
Impact on the World
The textile industry is a significant contributor to the global economy, and iFabric’s financial success is a positive sign for the sector as a whole. The company’s focus on innovation and sustainability sets a high standard for other textile manufacturers to follow. iFabric’s growth also means increased employment opportunities, both in manufacturing and research and development, contributing to economic growth and job creation.
Conclusion
iFabric Corp.’s record-breaking financial performance in Q4 and fiscal year 2024 is a testament to the company’s commitment to innovation, sustainability, and growth. Consumers can look forward to even more exciting textile solutions, while the textile industry and the world at large benefit from iFabric’s continued success. As we move forward, iFabric is poised to lead the way in textile technology and make a positive impact on the world.
- iFabric reports record revenues and strong profitability in Q4 and fiscal year 2024
- Consumers can expect improved product offerings and the latest textile technologies
- The textile industry and the world benefit from iFabric’s continued growth
