Financial Snapshot

Revenue
$768.7K
TTM
Gross Margin
49.21%
TTM
Net Earnings
-$146.0K
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
344.08%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.246M
Q3 2024
Cash
Q3 2024
P/E
-5.196
Nov 11, 2024 EST
Free Cash Flow
-$213.0K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $347.8K $258.7K $225.6K $202.3K $216.0K $249.7K $368.0K $602.1K $772.9K $771.2K $484.3K $812.8K
YoY Change 34.41% 14.69% 11.55% -6.36% -13.5% -32.14% -38.88% -22.1% 0.22% 59.24% -40.41%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $347.8K $258.7K $225.6K $202.3K $216.0K $249.7K $368.0K $602.1K $772.9K $771.2K $484.3K $812.8K
Cost Of Revenue $167.8K $146.9K $96.73K $131.3K $126.7K $188.8K $216.3K $303.5K $371.7K $433.9K $206.9K $320.0K
Gross Profit $180.0K $111.8K $128.9K $70.97K $89.33K $60.89K $151.7K $298.5K $401.2K $337.3K $277.4K $492.7K
Gross Profit Margin 51.75% 43.22% 57.12% 35.09% 41.36% 24.39% 41.23% 49.58% 51.91% 43.74% 57.27% 60.63%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $464.1K $666.2K $411.7K $341.1K $577.1K $648.4K $755.8K $865.3K $816.2K $646.9K $507.9K $635.3K
YoY Change -30.35% 61.82% 20.69% -40.88% -11.0% -14.22% -12.65% 6.01% 26.17% 27.38% -20.05%
% of Gross Profit 257.86% 595.8% 319.48% 480.67% 645.99% 1064.81% 498.21% 289.87% 203.46% 191.78% 183.11% 128.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.074K $1.490K $33.31K $33.31K $33.04K $33.59K $30.96K $21.02K $10.75K $4.000K $2.102K $649.00 $0.00 $0.00 $10.00K $10.00K $10.00K
YoY Change 106.31% -95.53% 0.0% 0.82% -1.64% 8.49% 47.29% 95.53% 168.75% 90.29% 223.88% -100.0% 0.0% 0.0% 0.0%
% of Gross Profit 1.71% 1.33% 25.85% 46.94% 36.99% 55.17% 20.41% 7.04% 2.68% 1.19% 0.76% 0.13%
Operating Expenses $631.9K $813.2K $411.7K $341.1K $577.1K $648.4K $755.8K $865.3K $816.2K $646.9K $507.9K $635.3K
YoY Change -22.3% 97.51% 20.69% -40.88% -11.0% -14.22% -12.65% 6.01% 26.17% 27.38% -20.05%
Operating Profit -$284.1K -$554.4K -$282.8K -$270.2K -$487.7K -$587.5K -$604.1K -$566.8K -$415.1K -$309.6K -$230.5K -$142.5K
YoY Change -48.76% 96.02% 4.69% -44.61% -16.98% -2.76% 6.59% 36.56% 34.06% 34.32% 61.74%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense $24.81K $42.07K -$49.11K -$11.42K -$18.26K -$22.66K -$24.08K -$63.13K -$93.57K $124.5K $102.3K
YoY Change -41.04% -185.67% 330.04% -37.46% -19.42% -5.9% -61.86% -32.53% -175.18% 21.72%
% of Operating Profit
Other Income/Expense, Net -$17.29K $328.9K $1.000K $830.00 -$14.60K $27.25K -$4.850K -$2.500K $390.00 -$124.5K $87.75K $600.00
YoY Change -105.26% 32792.8% 20.48% -105.68% -153.58% -661.86% 94.0% -741.03% -100.31% -241.84% 14524.5%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$301.4K -$225.5K -$322.7K -$280.7K -$520.6K -$582.9K -$633.1K -$632.4K -$511.6K -$434.1K
YoY Change 33.66% -30.13% 14.96% -46.07% -10.69% -7.93% 0.1% 23.62% 17.86%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$301.4K -$225.5K -$322.7K -$280.7K -$520.6K -$582.9K -$633.1K -$632.4K -$511.6K -$434.1K -$142.8K -$454.7K $15.07K
YoY Change 33.66% -30.13% 14.96% -46.07% -10.69% -7.93% 0.1% 23.62% 17.86% 204.05% -68.6% -3118.15%
Net Earnings / Revenue -86.66% -87.15% -143.05% -138.81% -241.04% -233.45% -172.05% -105.04% -66.19% -56.29% -29.48% -55.95%
Basic Earnings Per Share -$0.01 -$0.01 -$0.01 -$0.02 -$0.01 -$0.02
Diluted Earnings Per Share -$0.01 -$0.01 -$10.00K -$9.106K -$18.13K -$21.49K -$24.75K -$25.17K -$21.83K -$21.28K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $238.7K $263.3K $480.5K $48.01K $34.53K $112.2K $214.9K $502.8K $1.152M $988.7K $70.00K $60.00K $90.00K $120.0K $30.00K $20.00K $10.00K
YoY Change -9.35% -45.2% 900.73% 39.04% -69.22% -47.78% -57.26% -56.35% 16.51% 1312.4% 16.67% -33.33% -25.0% 300.0% 50.0% 100.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $0.00 $40.96K $38.78K $93.87K $109.6K $84.65K $17.49K $85.94K $33.73K $40.00K $0.00 $0.00
YoY Change -100.0% 5.62% -58.69% -14.34% 29.45% 383.99% -79.65% 154.79% -15.68%
Inventory $549.3K $494.6K $542.6K $576.8K $638.1K $722.9K $731.5K $938.2K $924.1K $889.6K $660.0K $670.0K $740.0K $900.0K $940.0K $1.040M $1.050M
Prepaid Expenses
Receivables $31.05K $11.20K $1.200K $19.90K $5.950K $13.46K $23.81K $72.14K $85.83K $64.30K $90.00K $100.0K $190.0K $150.0K $120.0K $160.0K $210.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.00K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $819.0K $769.1K $1.065M $683.5K $772.4K $958.1K $1.055M $1.531M $2.248M $1.975M $860.0K $830.0K $1.020M $1.170M $1.080M $1.220M $1.260M
YoY Change 6.49% -27.8% 55.85% -11.52% -19.38% -9.16% -31.09% -31.9% 13.78% 129.7% 3.61% -18.63% -12.82% 8.33% -11.48% -3.17%
Property, Plant & Equipment $23.48K $5.960K $7.450K $106.2K $177.9K $237.9K $160.9K $176.9K $51.20K $56.19K $20.00K $20.00K $0.00 $0.00 $0.00 $10.00K $10.00K
YoY Change 293.96% -20.0% -92.98% -40.32% -25.23% 47.89% -9.08% 245.57% -8.88% 180.95% 0.0% -100.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $661.1K $702.2K $609.8K $609.8K $608.2K $625.2K $621.0K $621.0K $420.0K $1.010K
YoY Change -5.85% 15.15% 0.0% 0.27% -2.72% 0.68% 0.0% 47.86% 41484.16%
Total Long-Term Assets $684.6K $708.2K $617.3K $716.0K $786.1K $863.1K $781.9K $797.9K $471.2K $57.20K $20.00K $20.00K $0.00 $10.00K $10.00K $10.00K $20.00K
YoY Change -3.32% 14.72% -13.78% -8.92% -8.92% 10.39% -2.01% 69.34% 723.78% 186.0% 0.0% -100.0% 0.0% 0.0% -50.0%
Total Assets $1.504M $1.477M $1.682M $1.399M $1.558M $1.821M $1.837M $2.329M $2.719M $2.033M $880.0K $850.0K $1.020M $1.180M $1.090M $1.230M $1.280M
YoY Change
Accounts Payable $216.6K $162.1K $228.7K $270.8K $258.1K $195.0K $129.3K $116.5K $119.4K $87.93K $80.00K $60.00K $80.00K $70.00K $80.00K $120.0K $40.00K
YoY Change 33.67% -29.13% -15.55% 4.92% 32.39% 50.8% 10.96% -2.39% 35.74% 9.91% 33.33% -25.0% 14.29% -12.5% -33.33% 200.0%
Accrued Expenses $42.87K $50.12K $109.1K $69.08K $66.69K $74.24K $69.29K $143.2K $170.8K $271.8K $240.0K $190.0K $110.0K $110.0K $100.0K $140.0K $4.270M
YoY Change -14.47% -54.08% 57.99% 3.58% -10.17% 7.14% -51.62% -16.14% -37.16% 13.23% 26.32% 72.73% 0.0% 10.0% -28.57% -96.72%
Deferred Revenue
YoY Change
Short-Term Debt $70.67K $110.6K $188.6K $102.2K $96.10K $145.4K $118.5K $119.0K $354.1K $330.0K $420.0K $270.0K $250.0K $250.0K $300.0K $460.0K $380.0K
YoY Change -36.12% -41.35% 84.57% 6.35% -33.88% 22.66% -0.42% -66.4% 7.31% -21.43% 55.56% 8.0% 0.0% -16.67% -34.78% 21.05%
Long-Term Debt Due $20.40K $20.13K $18.63K $18.63K $19.17K $18.63K $18.10K $15.47K $14.66K $59.41K $160.0K $90.00K $110.0K $280.0K $180.0K $170.0K $300.0K
YoY Change 1.34% 8.05% 0.0% -2.82% 2.9% 2.93% 17.0% 5.53% -75.32% -62.87% 77.78% -18.18% -60.71% 55.56% 5.88% -43.33%
Total Short-Term Liabilities $350.6K $343.0K $545.1K $460.7K $440.1K $433.2K $335.2K $394.2K $658.9K $749.1K $900.0K $800.0K $550.0K $710.0K $660.0K $890.0K $4.990M
YoY Change 2.22% -37.08% 18.31% 4.69% 1.59% 29.25% -14.98% -40.18% -12.04% -16.77% 12.5% 45.45% -22.54% 7.58% -25.84% -82.16%
Long-Term Debt $44.43K $131.2K $205.1K $107.2K $80.90K $100.9K $119.3K $188.9K $235.2K $327.5K $340.0K $350.0K $360.0K $370.0K $390.0K $400.0K $410.0K
YoY Change -66.14% -36.01% 91.3% 32.5% -19.79% -15.43% -36.86% -19.67% -28.21% -3.67% -2.86% -2.78% -2.7% -5.13% -2.5% -2.44%
Other Long-Term Liabilities $0.00 $40.96K $79.37K $106.4K $0.00
YoY Change -100.0% -48.39% -25.38%
Total Long-Term Liabilities $44.43K $131.2K $205.1K $148.2K $160.3K $207.2K $119.3K $188.9K $235.2K $327.5K $340.0K $350.0K $360.0K $370.0K $390.0K $400.0K $410.0K
YoY Change -66.14% -36.01% 38.41% -7.56% -22.66% 73.76% -36.86% -19.67% -28.21% -3.67% -2.86% -2.78% -2.7% -5.13% -2.5% -2.44%
Total Liabilities $395.0K $474.2K $750.1K $608.9K $600.3K $640.4K $454.4K $583.1K $894.1K $1.077M $1.230M $1.150M $910.0K $1.080M $1.050M $1.290M $5.400M
YoY Change -16.7% -36.79% 23.2% 1.42% -6.26% 40.93% -22.07% -34.78% -16.95% -12.47% 6.96% 26.37% -15.74% 2.86% -18.6% -76.11%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 35.49M shares 34.65M shares 32.26M shares 20.40M shares 18.97M shares 18.83M shares
Diluted Shares Outstanding 36.53M shares 35.33M shares 32.31M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $758.48 Thousand

About INNOVATIVE DESIGNS INC

Innovative Designs, Inc. engages in the marketing of cold weather recreational and industrial clothing products, and house wrap. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 2 full-time employees. The company went IPO on 2003-10-27. Both of its segment lines use products made from INSULTEX, which is a low-density foamed polyethylene with buoyancy, scent block, and thermal resistant properties. The firm's apparel segment offers a range of extreme cold weather apparel and related items. Its House Wrap segment offers its INSULTEX House Wrap, which has an R-value of three and an R-value of six and its own seam tape. Floating Swimwear is its swimwear product, which is designed to be a swim aid. Its other products containing INSULTEX include Hunting Apparel Line and Arctic Armor Line. The company also offers a product that helps restore the waterproof character of the outer side of its Arctic Armor clothing. Its Arctic Armor line products are used by Ice fisherman, Snowmobilers, Utility workers, Oil/gas pipeline workers, Railroad workers, Construction workers, and others.

Industry: Miscellaneous Fabricated Textile Products Peers: Brownie's Marine Group, Inc Connexa Sports Technologies Inc. Forza X1, Inc. HASBRO, INC.