iFabric Q3 Sales Up 111%

iFabric, which includes the Coconut Grove intimates division, reported a 111% jump in net revenue, to an “all-time-high” for its third quarter, of 9,021,607 Canadian dollars (about $6.4 million at current exchange rates). Net income for the three months was 543,802 CAD (about $388.000). This compares to a loss of 105,616 CAD (about $75,000) on sales of 4,280,564 CAD (about $3.1 million) in the same period last year.

For the first nine months of 2025 the company earned 442,157 CAD (about $316,000) on revenue of 21,898,808 CAD (about $15.6 million) compared to net income of 501,083 CAD (about $358,000) on sales of 16,831,408 CAD (about $12.0 million) in 2024.

The company noted that the revenue growth this year was “attributable to new programs.” In addition to the Coconut Grove division, iFabric operates an Intelligent Fabrics segment, and it revealed that revenue for that division in the first nine months, jumped 49% to 16,017,784 CAD (about $11.4 million). Meanwhile revenue for the Coconut Grove intimate apparel division shrank by 4% to 5,868,774 CAD (about $4.2 million), compared to 6,089,478CAD (about 4.3 million) in the first nine months of 2024.

iFabric noted that it is “continuing to advance key customer product launch programs, which are intended to drive sales growth and expanding market reach. Management expects this momentum to continue into year-end and beyond, supported by a healthy order pipeline and ongoing retailer adoption of company products.”

CEO Hylton Karon added, “Our record quarter underscores how our technology portfolio is effectively resonating with retailer customers and scaling with their major new programs, We’re entering Q4 with strong momentum and clear line-of-sight to carry that strength across FY2026. Even as we invest to support rapid growth, we remain focused on profitable execution, operational excellence, and delivering innovative products that keep iFabric on a compelling upward trajectory.”