trending Market Intelligence /marketintelligence/en/news-insights/trending/ixlNztpEDl6tNCjIMIR0Ug2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

IFabric swings to loss in fiscal Q3


M&A rebound sparks optimism for near-term deal activity


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021

IFabric swings to loss in fiscal Q3

iFabric Corp. said its normalized net income for the fiscal third quarter ended June 30 came to a loss of C$97,070, compared with income of C$238,530 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 3.2% from 6.4% in the year-earlier period.

Total revenue decreased 18.9% year over year to C$3.0 million from C$3.7 million, and total operating expenses declined 6.2% year over year to C$3.1 million from C$3.3 million.

Reported net income came to a loss of C$129,650, or a loss of 1 cents per share, compared to income of C$216,660, or 1 cents per share, in the year-earlier period.