Innovative Designs, Inc. (IVDN)
Innovative Designs, Inc. operates in the Apparel - Retail industry of the Consumer Cyclical sector, headquartered in Pittsburgh, PA, US. The stock last traded at $0.25, up 13.26% on the session, giving a market capitalisation of $9.5M. On trailing twelve-month figures it carries a trailing P/E of 11.25, a net margin of 18.2%. Its beta of -2.73 implies it has historically moved less than the broad market.
Innovative Designs, Inc. (IVDN) specializes in the creation and distribution of high-performance apparel and construction materials engineered for frigid conditions, serving clientele throughout the United States and Canada. The company's operations are divided into two main divisions: Apparel and House Wrap. Its Apparel segment encompasses the Arctic Armor collection, which includes jackets, bibs, and gloves, specifically designed for a broad spectrum of users, from recreational enthusiasts such as ice fishermen and snowmobilers, to industrial personnel like utility, oil/gas pipeline, railroad, construction, and ski resort workers, as well as essential service providers including police and first responders. This division further offers treatments to restore the waterproof qualities of its Arctic Armor line, alongside a selection of cold-weather headgear and base layer insulation garments. The House Wrap division provides critical products for the building construction sector, such as barrier protection, moisture vapor transmission membranes, insulation, and various tapes. Additionally, Innovative Designs supplies its proprietary INSULTEX material in bulk to customers who are not direct competitors. The company's offerings reach consumers through an extensive network of independent sales agents, agencies, retailers, and distributors, supplemented by direct sales conducted via its online platform. Founded in 2002, the firm is headquartered in Pittsburgh, Pennsylvania.
Innovative Designs, Inc. is most often compared with the following Consumer Cyclical names: