Innovative Designs, Inc. (OTCQB: IVDN) reported a 120% increase in fiscal third-quarter revenues compared to the same period last year, reaching $612,636 for the quarter ending July 31, 2025. The company achieved profitability for the fourth consecutive trailing quarter and surpassed $2 million in total revenue for the fiscal year in August, marking the first time in company history. This financial performance demonstrates the company's successful market penetration and operational efficiency improvements.
The growth is primarily attributed to rising demand for the company's patented Insultex House Wrap®, which features vacuum cell insulation technology. The product is gaining recognition in homebuilding and remodeling markets due to its advantages over competitive insulation products, including providing an R-6 moisture barrier membrane without requiring additional insulation boards. For product specifications and details, visit http://www.insultexhousewrap.com.
CEO Joseph A. Riccelli Jr. stated that the company anticipates further sales growth with the expected Federal Reserve interest rate cutting cycle, which should spur increased activity in the homebuilding industry. The company is pursuing new product certifications to expand the applicability of Insultex House Wrap® to a wider range of users and projects. This strategic positioning allows the company to capitalize on broader market opportunities as construction activity potentially accelerates.
Demand is being driven by new government building codes that specify continuous insulation and exterior R-Value requirements. These regulatory changes create a favorable environment for advanced insulation products that meet stricter energy efficiency standards. The company's Michigan-based distributor, Built Link Solutions, LLC, has been instrumental in driving sales growth by educating homebuilding market customers across the US about the product's benefits.
Randy Kimbler, Director of Business Development at Built Link Solutions, reported extremely positive customer response and special offers that have performed well. Innovative Designs has improved its cash reserves to over $532,000, partly due to improved accounts receivable collection rates shortened to 39.8 days. The company is increasing production capacity from multiple locations to meet rising demand and improve delivery times, ensuring it can maintain momentum as market conditions evolve.
