Also trades as: IFABF (OTC) · $vol 0M

C$4.00 ($2.80)

+0.10 (+2.56%)

Weekly Expected Move ±4.5%

C$4 C$4 C$4 C$4 C$4

TSX · Consumer Cyclical · Apparel - Manufacturers · Tech Score Neutral · Power 54 · C$121.2M mcap · 12M float · 0.629% daily turnover

Analysis Technicals Weather Peers

Revenue

$32M +18.5% ▲

5Y CAGR: +23.0%

Gross Profit

$12M +4.0% ▲

5Y CAGR: +22.2%

Operating Income

$2M -7.3% ▼

Net Income

$2M -3.6% ▼

EPS (Diluted)

$0.05 -3.1% ▼

EBITDA

$2M +13.5% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$20M	$20M	$23M	$27M	$32M
YoY Growth	+71.5%	-0.1%	+15.1%	+20.3%	+18.5%
Cost of Revenue	$12M	$13M	$14M	$16M	$21M
Gross Profit	$8M	$7M	$9M	$11M	$12M
Gross Margin	39.3%	35.6%	38.9%	41.2%	36.2%
R&D Expenses	$27K	$27K	$21K	$0	$45K
SG&A Expenses	$5M	$7M	$8M	$9M	$9M
Operating Expenses	$5M	$7M	$11M	$9M	$10M
Operating Income	$3M	$34	-$2M	$2M	$2M
Operating Margin	12.7%	0.0%	-10.9%	8.0%	6.2%
Interest Expense	$53K	$50K	$86K	$97K	$184K
Income Before Tax	$3M	-$207K	-$2M	$2M	$2M
Tax Expense	$667K	$245K	-$762K	$601K	$529K
Net Income	$2M	-$452K	-$2M	$2M	$2M
Net Margin	12.0%	-2.3%	-7.4%	6.0%	4.9%
EPS (Diluted)	$0.08	$-0.02	$-0.06	$0.05	$0.05
EBITDA	$3M	-$27K	-$2M	$2M	$2M
Shares Outstanding	29M	30M	30M	30M	30M

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$4M	$10M	$7M	$6M	$9M	$11M	$28M	$10M
Cost of Revenue	$3M	$6M	$4M	$4M	$6M	$8M	$19M	$7M
Gross Profit	$2M	$4M	$3M	$2M	$3M	$3M	$9M	$3M
Gross Margin	41.0%	39.6%	38.7%	37.0%	29.6%	26.3%	32.4%	29.3%
R&D Expenses	$0	$27K	$9K	$9K	$0	$0	$9K	$0
SG&A Expenses	$2M	$3M	$3M	$2M	$2M	$3M	$4M	$3M
Operating Expenses	$2M	$3M	$3M	$2M	$2M	$3M	$4M	$2M
Operating Income	-$197K	$2M	$115K	-$244K	$506K	-$19K	$5M	$607K
Operating Margin	-4.6%	14.9%	1.6%	-4.2%	5.6%	-0.2%	18.3%	6.3%
Interest Expense	$24K	$22K	$36K	$55K	$71K	$118K	$117K	$89K
Income Before Tax	-$213K	$2M	$95K	-$400K	$723K	-$173K	$5M	$574K
Tax Expense	-$107K	$553K	$7K	-$210K	$179K	$369K	$1M	$335K
Net Income	-$106K	$1M	$88K	-$190K	$544K	-$541K	$4M	$239K
Net Margin	-2.5%	10.8%	1.2%	-3.3%	6.0%	-4.9%	13.5%	2.5%
EPS (Diluted)	$-0.00	$0.04	$0.00	$-0.01	$0.02	$-0.02	$0.12	$0.01
EBITDA	-$133K	$2M	$187K	-$289K	$850K	$3K	$5M	$659K
Shares Outstanding	30M	30M	30M	30M	30M	30M	30M	33M

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