iFabric Corp Reports Record 3rd Quarter Revenue & Operating Profit
(firmenpresse) - MARKHAM, ONTARIO -- (Marketwired) -- 08/10/17 -- iFabric Corp. (TSX: IFA), hereinafter referred to as "iFabric" or the "Company", today announced its financial results for its third quarter and nine months ended June 30, 2017.
"The third quarter results represent a milestone in the Company''s history, with record revenue, record operating profit and record adjusted EBITDA", stated Mr. Hylton Karon President and CEO. "We look forward to continued growth in the future", he added.
Q3 2017 HIGHLIGHTS:
NINE MONTH HIGHLIGHTS:
Complete financial statements are available on
FINANCIAL HIGHLIGHTS
(i)Note: Adjusted EBITDA represents earnings before interest, taxes, depreciation, amortization and share based compensation.
ABOUT iFABRIC CORP:
Headquartered in Markham, Ontario, iFabric Corp currently has 26.2 million shares issued and outstanding.
Through its wholly-owned subsidiaries, Intelligent Fabric Technologies (North America) Inc. ("IFTNA") and Coconut Grove Pads Inc. ("Coconut Grove"), the Company offers a variety of products and services in both of its strategic divisions:
IFTNA is focused on proprietary chemical formulations that render fabrics, foams, plastics and numerous other surfaces intelligent, thereby improving the safety and well-being of the consumer.
Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies intimate apparel products, accessories and sleepwear.
FORWARD LOOKING STATEMENTS:
Forward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward looking statements. The use of any words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Forward-looking information includes, but is not limited to, statements with respect to the development potential of the Company''s products.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Readers are cautioned not to place undue reliance on these statements as the Company''s actual results, performance, or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company''s business, or if the Company''s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that forward-looking statements will materialize. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason except as required by applicable securities laws.
Any financial outlook or future oriented financial information in this news release, as defined by applicable securities legislation, has been approved by management of iFabric. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management''s reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Hilton Price
CFO
647.465.6161
Gary Perkins
Investor Relations
416.882.0020
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Datum: 10.08.2017 - 06:30 Uhr
Sprache: Deutsch
News-ID 1517071
Anzahl Zeichen: 2719
contact information:
Contact person:
Town:
MARKHAM, ONTARIO
Phone:
Kategorie:
Apparel
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