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Announcing a unified Developer Zone, new. | October 27, 2021
SAN FRANCISCO, Oct. 27, 2021 Today at its inaugural Intel Innovation event, Intel returned to its developer roots, highlighting a renewed commitment to
iFabric Corp. Provides Revenue Guidance for Fiscal 2021 First Quarter
Q1 ENDED DECEMBER 31, 2020 OVERVIEW GUIDANCE:
Based on preliminary results, the Company anticipates overall revenues in excess of $7,000,000 compared to $2,596,841 in Q1 2020, representing an increase of approximately 270%.
Based on preliminary results, the Company anticipates revenues for the Intelligent Fabrics Division to be in excess $6,500,000 compared to $1,435,051, in Q1 2020, representing an increase of approximately 350%, as a result of commercialization of several programs utilizing the division s Protx2 formulation being proven to deactivate
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99.9% the COVID-19 causing virus.
Renewed & new performance apparel programs for a major Canadian retailer also contributed to the growth in revenues.
Revenues for the Intimate Apparel Division were impacted by the decrease in in-store retail sales with the continuing lockdowns related to the COVID-19 pandemic and based on preliminary results the Compan