Innovative Designs, Inc. (OTCQB: IVDN) has announced that its fiscal third quarter, ending July 31, 2026, will report the highest revenues in the company's history, with a near 40% increase over the same period last year. This marks the eighth consecutive quarter of profitability for the company, underscoring a sustained upward trajectory in sales growth.
The company attributes this performance to the growing market adoption of its Insultex House Wrap®, which is now available at nearly 200 retail locations across the United States, with new dealers joining weekly. Insultex House Wrap® is designed to meet or exceed new government building codes that require continuous insulation and exterior R-Value specifications. For new construction, it provides an R-6 moisture barrier membrane without the need for additional insulation boards, offering a competitive advantage over other products.
In a significant development, the independent laboratory testing program with BRC Laboratories has entered its final stages. The program aims to re-certify the R-Value testing equipment, which is expected to qualify Insultex® for a wider range of building applications and larger-scale projects. CEO Joseph A. Riccelli Jr. has been actively involved, visiting the BRC facility and maintaining regular communication with its manager. The successful completion of this certification could open doors to the multibillion-dollar homebuilding industry, potentially leading to unprecedented revenues for the company.
Randy Kimbler, Director of Business Development for Built Link Solutions, commented on the growing popularity of Insultex House Wrap®, noting that new building material suppliers are adopting the product almost every week, and individual builders and contractors are seeking to capitalize on its value and cost savings.
CEO Joseph A. Riccelli Jr. expressed pride in the company's achievements, stating, “Achieving the highest revenue of any quarter in the Company’s history and our 8th straight quarter of profitability is a gratifying milestone for all the dedicated work that our team has put in.” He also highlighted the progress of the re-certification program, which is expected to yield official documentation soon, and emphasized the potential impact on future revenues.
The company plans to file its official fiscal Q3 financial report by mid-September, as required. For more information about Insultex House Wrap®, visit http://www.insultexhousewrap.com. Additional details about the company's products can be found at http://www.idigear.com.
