Filing Flows › Innovative Designs (IVDN) › Q4 FY24
Innovative Designs (IVDN) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Feb 20, 2025
Innovative Designs (IVDN) reported revenue of $738K for the fourth quarter fiscal 2024 (Q4 FY24), +494% from a year earlier and +165% from the quarter before. Operating margin was 29.0%, net earnings $197K (26.7% of revenue).
Innovative Designs, Q4 FY24: revenue $738K (+494% year over year), operating margin 29.0%, net earnings $197K, operating cash flow −$160K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $738K | +165% | +494% |
| Operating profit | $214K | — | — |
| Net earnings | $197K | — | — |
| Operating cash flow | −$160K | — | — |
What changed
Revenue was $738K in Q4 FY24, up 494% year over year and up 165% from the previous quarter.
Operating profit was $214K, a 29.0% margin (up 32.9 points year over year). Total costs grew 306% against revenue growth of 494%. The fastest-growing cost line was Other operating costs (+1413%). Net earnings were $197K. The effective tax rate was 0.0%.
Operating cash flow was −$160K. Non-cash charges added back $1K of depreciation. Working capital and other items used $359K.
Questions
What was Innovative Designs' revenue in the fourth quarter fiscal 2024?
Innovative Designs (IVDN) reported revenue of $738K for the fourth quarter fiscal 2024 (Q4 FY24), +494% from a year earlier and +165% from the quarter before.
Was Innovative Designs profitable in the fourth quarter fiscal 2024?
Operating profit was $214K (29.0% of revenue) and net earnings $197K.
Source: Innovative Designs 10-K on SEC EDGAR.