Innovative Designs (OTCMKTS:IVDN) Announces Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, Zacks reports. The firm had revenue of $0.76 million for the quarter. Innovative Designs had a net margin of 17.14% and a return on equity of 23.43%.

Innovative Designs Trading Up 11.8%

OTCMKTS IVDN opened at $0.25 on Friday. The company has a quick ratio of 5.52, a current ratio of 8.48 and a debt-to-equity ratio of 0.01. Innovative Designs has a 52 week low of $0.15 and a 52 week high of $0.42. The business has a 50 day moving average price of $0.24 and a 200-day moving average price of $0.29. The company has a market cap of $9.64 million, a price-to-earnings ratio of 8.34 and a beta of -2.73.

Innovative Designs Company Profile

Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.