Shares in fashion company Innovo Group Inc. gained ground Wednesday after the Commerce-based maker of Joe’s Jeans reported improved results for its first quarter.

Innovo reported net income of $422,000, (1 cent per share), a drastic increase from a loss of $4.9 million (-15 cents) from the same period a year earlier.

Sales also got a boost, increasing 55 percent to $15.2 million thanks mainly to a 71 percent leap in sales of its hallmark Joe’s denim line.

Shares in Innovo jumped 31 cents, or 16 percent, to $2.25 in afternoon trading Wednesday on the Nasdaq. Shares in Innovo have more than doubled so far this year.