iFabric Corp Reports Financial Results for the First Quarter Ended December 31st 2014 - Seite 2

After tax loss was $160,220 (or $0.006 per share basic and diluted) compared to an after tax profit of $213,330 (or $0.008 per share basic and diluted) for the quarter ended December 31^st 2013. In addition to the expense items mentioned above, the loss after tax includes an amount of $108,629 in non-cash share based compensation, which has been expensed as required by IFRS (International Financial Reporting Standards).

Working capital amounted to $5,460,741 at December 31, 2014 compared to $5,631,275 as at the end of the previous financial quarter.

Net of cash, the Company had no operating debt as at December 31^st 2014 and available bank operating facilities of $2,000,000.

Shareholder Equity was $7,434,690 compared to $7,474,281 at the end of the previous financial quarter.

Complete Financial Statements are available on www.sedar.com and the company's website www.ifabriccorp.com

FINANCIAL HIGHLIGHTS:
	Quarter Ended December 31
	2014		2013
	$		$
Revenue	3,042,404		3,005,785
Income from operations	(131,725	)	314,023
Share based compensation	(108,629	)	(47,671	)
EBITDA	(107,615	)	385,802
Net income (loss) after tax	(160,220	)	213,330
Net income (loss) per share	(0.006	)	0.008

ABOUT iFABRIC CORP: