Q: What are your thoughts on IFA and the last quarter results posted today. Is the company starting to look better. Thanks
5i Research Answer:
IFA has no analysts and thus no estimates. The stock has had a huge run, up 296% in a year. Results were a record, with revenue of $27.5M, up 288%. EBITDA was up more than 10-fold to $5.7M. The results reflect an expanding market and organic growth. Medical and footwear markets were standouts. Partners have requested an expanded product lineup, and consumer demand was stronger, certainly. The balance sheet is strong and insiders own 66%. Good numbers here for sure.