In the Q1, Innovative Designs Inc 's corporate clients experienced a reduction by -5.82 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.44 %. During the corresponding time, Innovative Designs Inc recorded a revenue increase by 16.23 % year on year, sequentially revenue fell by -22.16 %. While revenue at the Innovative Designs Inc 's corporate clients recorded rose by 4.9 % year on year, sequentially revenue grew by 1.48 %.
Customers of Innovative Designs Inc saw their costs of revenue decrease by -5.82 % in Q1 compare to a year ago, sequentially costs of revenue grew by 1.44 %, for the same period Innovative Designs Inc recorded revenue increase by 16.23 % year on year, sequentially revenue fell by -22.16 %.
Innovative Designs Inc's Comment on Sales, Marketing and Customers
We primarily sell our products through independent sales agents and agencies.
Once we have made contact with a potential sales agency or solo agent, we evaluate
their existing accounts, the capacity and potential for them to effectively push
our products. We also look at their current product lines through the sales channel.
Our primary market area is the outdoor industry which includes all activity done
in cold weather. These activities include recreational such as hunting, ice fishing,
snowmobiling, and industries such as oil and gas, utilities and construction.
Once we agree to bring on an independent sales agent or agency, we enter into
a standard agreement.
A typical sales representative agreement will have a term of one year with the
right of either party to terminate upon thirty days written notice. We do not
provide any free samples of our products and all sales expenses are the sole obligation
of the sales agent.
Certain retailers buy directly from us. We have no verbal or written agreements
with them. These retailers purchase our products strictly on a purchase order
basis. During our last fiscal year, we sold our products to such retailers as
Canadian Tire and Dick’s Sporting Goods. Some of our distributors during
the last fiscal year were Triple S Pro Fishing Supplies and Fleece Corner. We
also sell our cold weather products to various divisions of CSX railroad. We distribute
our products to the following:
Innovative Designs Inc’s Comment on Sales, Marketing and Customers
We primarily sell our products through independent sales agents and agencies.
Once we have made contact with a potential sales agency or solo agent, we evaluate
their existing accounts, the capacity and potential for them to effectively push
our products. We also look at their current product lines through the sales channel.
Our primary market area is the outdoor industry which includes all activity done
in cold weather. These activities include recreational such as hunting, ice fishing,
snowmobiling, and industries such as oil and gas, utilities and construction.
Once we agree to bring on an independent sales agent or agency, we enter into
a standard agreement.
A typical sales representative agreement will have a term of one year with the
right of either party to terminate upon thirty days written notice. We do not
provide any free samples of our products and all sales expenses are the sole obligation
of the sales agent.
Certain retailers buy directly from us. We have no verbal or written agreements
with them. These retailers purchase our products strictly on a purchase order
basis. During our last fiscal year, we sold our products to such retailers as
Canadian Tire and Dick’s Sporting Goods. Some of our distributors during
the last fiscal year were Triple S Pro Fishing Supplies and Fleece Corner. We
also sell our cold weather products to various divisions of CSX railroad. We distribute
our products to the following:
Sources:
Innovative Designs Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Innovative Designs Inc’s corporate clients.
For your research, we’ve provided 9 tables on Innovative Designs Inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
7.85 %