Ifabric Corp (IFA-T)

IFA is a very small company ($36.7M market cap), and for Q1 it reported sales of $6.8M, representing a growth of 2% year-over-year, and EPS of $0.018 compared to $0.015 in the prior year, representing a 20% increase. Management noted it remains on track to meet its recently announced revenue target of $28 to $32M for FY2024, and its margins increased, benefiting from new programs and a higher gross margin for the quarter. It trades at a 1.6X price-to-sales ratio, although, profitability and cash flows have been lumpy. These were decent results, but the company is small and needs to be considered very high risk.
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Designs and manufactures women’s intimate apparel with specialty textiles. There has been improvement lately and they have set up some new contractual arrangements with some of the giants in the power industry. They are looking a little better, but it’s a small-cap stock and is thin.

It is very unusual. It has a bit of a Lulu Lemon touch to it. It is not getting a lot of attention. Intimate apparel and chemical products for the textile industry.

A unique little Canadian company that has a very, very unique value proposition. They have 2 businesses. Ladies under apparel business, which recently got contracts with Target (TGT-N) and VF Corp (VFC-N). He expects this division to have high double-digit growth over the next few years. The other business is a chemicals licensing division, which has deals with technical companies that are looking for something special.