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Filings by transaction date
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Jan 16, 2024 (filed on Feb 22, 2024)Insider Name:Garlotta Donald VincentOwnership Type:Direct OwnershipSecurities:COMMON STOCKNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:40,000Price:$0.20
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May 30, 2023 (filed on May 30, 2023)Insider Name:Adams Robert KennedyOwnership Type:Direct OwnershipSecurities:Common Stock Purchase WarrantNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:500,000Price:--
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May 30, 2023 (filed on May 30, 2023)Insider Name:Adams Robert KennedyOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:500,000Price:$0.20
Filings by filing date
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Jan 16, 2024 (filed on Feb 22, 2024)Insider Name:Garlotta Donald VincentOwnership Type:Direct OwnershipSecurities:COMMON STOCKNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:40,000Price:$0.20
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May 30, 2023 (filed on May 30, 2023)Insider Name:Adams Robert KennedyOwnership Type:Direct OwnershipSecurities:Common Stock Purchase WarrantNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:500,000Price:--
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May 30, 2023 (filed on May 30, 2023)Insider Name:Adams Robert KennedyOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:500,000Price:$0.20
News
Biz Brief
Sector: Consumer Cyclicals | Industry: Textiles & Leather Goods |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Ste 1, 223 North Main Street PITTSBURGH PA 15215 |
Tel: | N/A |
Website: | https://idi-tn.com |
IR: | See website |
Key People | ||
Joseph Riccelli Chairman of the Board, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer |
Business Overview |
Innovative Designs, Inc. operates in two separate business segments, such as cold weather clothing and house wrap for the building construction industry. 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 Company'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. It 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. |
Financial Overview |
For the fiscal year ended 31 October 2023, Innovative Designs Inc revenues increased 34% to $348K. Net loss increased 34% to $301K. Revenues reflect House Wrap segment increase of 62% to $313K. Higher net loss reflects Miscellaneous income (expense) decrease from $371K (income) to $0K. Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01. |
Employees: | 2 as of Oct 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6.34M as of Oct 31, 2023 |
Annual revenue (TTM): | $0.35M as of Oct 31, 2023 |
EBITDA (TTM): | -$0.28M as of Oct 31, 2023 |
Net annual income (TTM): | -$0.30M as of Oct 31, 2023 |
Free cash flow (TTM): | -$0.23M as of Oct 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 37,924,003 as of Feb 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |