Innovative Designs (OTCMKTS:IVDN) Announces Earnings Results

Innovative Designs (OTCMKTS:IVDN) posted its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Innovative Designs had a negative return on equity of 11.91% and a negative net margin of 18.92%. The company had revenue of $0.74 million for the quarter.

Innovative Designs Price Performance

IVDN stock opened at $0.29 on Friday. The company has a current ratio of 3.44, a quick ratio of 1.53 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $0.24 and a two-hundred day moving average of $0.13. Innovative Designs has a 12 month low of $0.00 and a 12 month high of $0.40. The company has a market cap of $11.11 million, a price-to-earnings ratio of 29.00 and a beta of -2.34.

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.