Innovative Designs Inc. (OTCQB: IVDN) has reached a significant corporate milestone by exceeding $2 million in revenue for its fiscal 2025 year, the first time in company history this financial threshold has been achieved. The company projects its fiscal third quarter revenue will surpass $600,000, representing more than a 100% increase compared to the same period in 2024. This sustained revenue growth has extended the company's profitability to four consecutive quarters, with management expecting to file finalized financial reports ahead of September 15th SEC requirements.
The sustained profitability reflects growing market acceptance of the company's patented vacuum cell insulation technology, particularly as builders seek solutions for new government building codes specifying continuous insulation and exterior R-Value requirements. The company's financial achievements extend beyond revenue growth, having strengthened its financial position by eliminating all long-term and convertible debt obligations. This debt resolution involved paying over $85,000 without issuing new shares, made possible by rising revenue streams and improved accounts receivable collections, which has significantly boosted cash reserves.
CEO Joseph A. Riccelli Jr. attributed the success to increasing recognition of Insultex House Wrap® advantages among homebuilders and remodelers. The product's patented evacuated cell technology provides an R-6 moisture barrier membrane that eliminates the need for additional insulation boards required by competitor products. For full product specifications and details visit: http://www.insultexhousewrap.com.
The company maintains a low share structure with approximately 38 million shares outstanding and a 17 million public float, providing financial stability for future growth initiatives. Innovative Designs is currently increasing production levels from its US-based facilities in Massachusetts and other locations to support growing demand. Additional product certifications are being pursued to expand suitability for a wider range of customers, positioning the company for continued growth as building codes become more stringent nationwide, creating ongoing market opportunities for energy-efficient building solutions.
