IFabric Corp. Forecasts Revenue Growth in Fiscal 2024 with Expanded Customer Bases and New Apparel Categories

iFabric Corp., a leading innovator in textile and performance-apparel technologies, has announced a positive revenue outlook for fiscal 2024, driven by new customer programs and an expansion of its product offerings. The company is set to enter new clothing categories, further cementing its role as an industry leader.

According to Hylton Karon, President and CEO of iFabric, the company has secured agreements with three national-level retailers in the United States, which are expected to substantially boost revenues. These new agreements are anticipated to elevate iFabric's fiscal 2024 full-year sales to between $28 and $32 million. The company aims to increase its market penetration in the United States, positioning itself for continued sales and earnings growth in 2025.

iFabric's expansion includes a diverse range of performance-apparel programs such as medical scrubs, lab coats, rainwear, and more. The integration of the company's proprietary textile technologies into renowned global brands underlines iFabric's commitment to innovation and its ability to deliver advanced solutions that meet consumer demands.