Fab-Form Industries Ltd. Announces Results for the Quarter Ended 31 March 2025
Delta, British Columbia--(Newsfile Corp. - May 29, 2025) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") today released its financial results for the quarter ended 31 March 2025.Financial HighlightsRevenue for the quarter increased slightly to $772,753 compared to $748,002 in the same period last year, reflecting a modest 3.31% growth resulting from an increase in Fastfoot sales.Gross profit remained stable at $240,911, with a gross margin of 31%, slightly less than 32% in the prior year, primarily...
2025-05-29 2:02 PM EDT
Fab-Form Industries Ltd. Announces Results for the Quarter Ended 31 December 2024
Delta, British Columbia--(Newsfile Corp. - March 3, 2025) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") today released its financial results for the quarter ended 31 December 2024.Financial HighlightsRevenue for the quarter increased slightly to $1,030,927 compared to $1,020,614 in the same period last year, reflecting a modest 1.0% growth despite ongoing market challenges.Gross profit remained stable at $344,734, with a gross margin of 33%, slightly down from 34% in the prior year.Operating expenses increased significantly by 24.1%,...
2025-03-03 12:00 PM EST
Fab-Form Announces Results for the Quarter Ended 30 September 2024
Delta, British Columbia--(Newsfile Corp. - November 29, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form®" or "Company") released results for the quarter ended 30 September 2024. The Company experienced a decline in revenue of 6.9% compared to same period in 2023, as a result of lower housing starts. High construction costs and mortgage rates strained affordability leading to this slowdown.Despite this fall in revenue, the Company showed a strong annualized return on shareholders' equity of 20.83%.Bracing sales showed a decline...
2024-11-29 1:07 PM EST
Fab-Form Industries Ltd Announces Patent for a Method of Installing and Supporting a Fabric Column Form
Delta, British Columbia--(Newsfile Corp. - November 22, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form®") is pleased to announce the filing of a patent application for a new method of installing and supporting its fabric column form, Fast-Tube®. As part of this innovation, the Company has completed prototyping of a key plastic component, called "KLiP", and has initiated tooling its production mold.The KLiP ensures the correct alignment of Fast-Tube, eliminating column wrinkling and ensuring consistent concrete coverage around reinforcement. This...
2024-11-22 4:24 PM EST
Fab-Form Announces Results for the Year Ended 30 June 2024
Delta, British Columbia--(Newsfile Corp. - October 25, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form®" or "Company") releases results for the year ended 30 June 2024. The Company experienced a decline in revenue both annually of 18% and quarterly of 27%, attributable to a significant reduction in housing starts. The Company controlled selling and marketing expenses in line with the drop in starts, however, general and administration expenses increased due to increased IT, research and development, and professional fees. Overall...
2024-10-25 6:00 PM EDT
Fab-Form Industries Ltd Announces Patent, Trademark Applications and Completion of Prototypes of Level-R and Monopour HD
Delta, British Columbia--(Newsfile Corp. - October 23, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form®" or the "Company") announces patent and trademark applications, as well as product update of the two footing brackets: Level-R™ and Monopour HD™.Fab-Form has completed the prototyping of both products and has placed its first production order with a lead time of two months. The company will announce both products at the World of Concrete in Las Vegas, January 2025, booth N568.Footing forms are of primary...
2024-10-23 11:00 AM EDT
Fab-Form Industries Ltd Announces Completion of Patent Application for New Product, SPACE-R
Delta, British Columbia--(Newsfile Corp. - July 22, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form®", or the "Company") is thrilled to announce that it has filed a patent application for its latest innovative product, "SPACE-R". This development marks a significant milestone in our ongoing commitment to pioneering advancements and delivering top-tier solutions to our customers worldwide.The SPACE-R addresses three challenges in creating reinforced concrete columns. Firstly, it replaces the traditional horizontal steel stirrup with a lightweight fiberglass component, significantly reducing...
2024-07-22 7:00 AM EDT
Fab-Form Announces Results for the Third Quarter Ended 31 March 2024
Delta, British Columbia--(Newsfile Corp. - May 31, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") has released its financial results for the three months ended March 31, 2024. The company achieved a net profit of $85,157 during this quarter, a 23% decrease compared to the corresponding period in 2023. Revenue for the three months ended on March 31, 2024, amounted to $748,002, a 5.79% increase compared to the same period in 2023. The operating income for this...
2024-05-31 4:59 PM EDT
Fab-Form Announces Change of Auditor
Delta, British Columbia--(Newsfile Corp. - February 29, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" and the "Company") is pleased to announce that it has appointed Baker Tilly WM LLP, as independent auditor of the Company, effective as of February 29, 2024 (the "Successor Auditor").The Successor Auditor is being appointed following the receipt by the Company on January 01, 2024, of a formal resignation of Culver & Co. (the "Predecessor Auditor"), with said resignation effective as of January 01, 2024....
2024-02-29 5:39 PM EST
Fab-Form Announces Results for the Second Quarter Ended 31 December 2023
Delta, British Columbia--(Newsfile Corp. - February 28, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") has released its financial results for the three months ended December 31, 2023. The company achieved a net profit of $107,372 during this quarter, marking a 21% decrease compared to the corresponding period in 2022. Additionally, the revenue for the three months concluded on December 31, 2023, amounted to $1,020,614, representing a 1.5% increase compared to the same period in 2022. The...
2024-02-28 7:24 PM EST
Fab-Form Announces Change in Auditors
Delta, British Columbia--(Newsfile Corp. - February 1, 2024) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") today announced a change in auditors, effective 01 January 2024. The change comes following the retirement and resignation of Culver & Co. ("Predecessor Auditor"), who has served as the company's auditors since 2002. There were no reservations in the Predecessor Auditor's audit reports for any financial period during which the Predecessor Auditor was the Company's auditor. There are no "reportable events" (as the term is...
2024-02-01 6:00 PM EST
Fab-Form Announces the Appointment of a New Chief Executive Officer and Chief Financial Officer
Delta, British Columbia--(Newsfile Corp. - December 6, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce key appointments to its leadership team, effective December 01, 2023. Joseph Christian Fearn has been appointed as the Chief Executive Officer (CEO), and Vishwanath Kumar as the VP and Chief Financial Officer (CFO).Joseph Fearn brings with him over 18 years of construction industry experience and a successful track record in sales, marketing, production, and sourcing. Fearn played a...
2023-12-06 7:50 PM EST
Fab-Form Announces Results for the First Quarter Ended 30 September 2023
Delta, British Columbia--(Newsfile Corp. - November 29, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") has released its financial results for the three-month period ended September 30, 2023. The company achieved a net profit of $356,998 during this quarter, marking a 23% decrease compared to the corresponding period in 2022. Additionally, the revenue for the three months concluded on September 30, 2023, amounted to $1,540,676, representing a 27% decrease compared to the same period in 2022. The...
2023-11-29 4:47 PM EST
Fab-Form Announces Results for the Transitional Six Months Period Ended 30 June 2023
Delta, British Columbia--(Newsfile Corp. - October 27, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or "company") releases results for the six months period ended 30 June 2023. The company recorded a net profit of $482,594 during this period, reflecting a 26% decrease compared to the corresponding period in 2022. Additionally, the revenue for the six months ended 30 June 2023 was $2,591,065, which represents a 13.98% decrease compared to the first six months of 2022. The operating income during...
2023-10-27 6:50 PM EDT
Fab-Form Announces the First ICF Step 5 Development in BC
Delta, British Columbia--(Newsfile Corp. - August 16, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") announced the delivery of Insulated Concrete Forms ("ICF") for a 280-unit Net Zero project in Squamish, BC. This project is significant as it is the first to be built under the new Step 5 Building Code (Net Zero) of BC.The BC government initiated the Step 5 Building Code in an effort to reduce the environmental footprint of housing: each unit will produce as much energy...
2023-08-16 4:17 PM EDT
Fab-Form Announces 2023 First Quarter Results and Operational Update on Fast-Tube
Delta, British Columbia--(Newsfile Corp. - May 29, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases 2023 first quarter results. The Company generated a net profit of $111,922 for the quarter compared to a net profit of $223,002 in the previous year as a result of a decrease in sales of 37.85%. The performance of Q1 was expected due to the contraction in the housing market as a result of higher interest rates. However, sales have picked up in April,...
2023-05-29 10:00 AM EDT
Fab-Form Announces Change of Year-End to 30th June
Delta, British Columbia--(Newsfile Corp. - May 5, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") today announces that its Board of Directors has approved a change in Fab-Form's fiscal year end from December 31 to June 30. This change in fiscal year end from December 31 to June 30 is being made to better align Fab-Form's reporting calendar. We received the required approval from the tax authorities to affect the change.Fab-Form's latest financial year ended on 31 December 2022. The...
2023-05-05 5:37 PM EDT
Fab-Form Releases Financial Results for 2022 Financial Year
Delta, British Columbia--(Newsfile Corp. - April 28, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases year end results. Fab-Form achieved a record $6.1Mn in sales in 2022 with a net profit after taxes of $1.25Mn. Cash generated from operations in 2022 was $1.6Mn. Total liquid funds increased to $2.8Mn from 1.5Mn in 2021. Excess funds were placed in short term investments, which will generate additional interest income in 2023.Supply chain challenges were normalized, and lead time on inbound shipments...
2023-04-28 9:00 PM EDT
Fab-Form Ranks Among Top 50 Performing Companies on the 2023 TSX Venture 50
Delta, British Columbia--(Newsfile Corp. - February 21, 2023) - FAB-FORM INDUSTRIES LTD. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange. The 2023 TSX Venture 50® celebrates the strongest performances on the TSX Venture Exchange (the "TSXV" or "the Exchange") over the last year. Comprised of 10 companies across five sectors: energy, mining, clean technology and life sciences, diversified industries, and technology. The...
2023-02-21 7:45 AM EST
Fab-Form Industries Ltd. Announces Completion of Shares for Debt Settlement
Delta, British Columbia--(Newsfile Corp. - December 7, 2022) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to report that, pursuant to its November 23, 2022, news release, it has completed shares for debt settlement of $123,040.56 by issuing 90,471 common shares at a deemed price of $1.36 per share. The securities issued are subject to a four-month and one day hold period, expiring on 08 April 2023.Insiders acquired 39,311 shares under this arrangement and, accordingly, the shares for debt...
2022-12-07 6:17 PM EST