iFabric Corp. (IFA:TSX)

• iFabric’s Intelligent Fabrics division is seeing explosive growth, led by its antibacterial and antimicrobial medical scrubs. Management recently guided for 267% YoY revenue growth in Q1.

• The Company has seen a strong expansion of its distribution network in both big-box retailers and wholesale clubs in North America.

• The scrubs market is expected to grow at a 9.4% CAGR until 2032.

• IFA trades at 13.3x 2027E EBITDA compared to its closest peer, FIGS, at 21.3x, which traded at >40x back in its highest growth years.

Investment Summary

iFabric develops, licenses, and commercializes innovative performance technologies for textiles and apparel. Through its Intelligent Fabric Technologies (North America) division, iFabric partners with global brands and retailers to deliver enhanced fabric functionality ranging from antimicrobial technologies to moisture management and PFAS-free water repellency—across diverse end uses.

Company Description

Research

iFabric:
Initiation Report
April 3, 2026