Innovative Designs, Inc. (OTCQB: IVDN) has announced that its fiscal third quarter, which ended on July 31, 2026, delivered the highest revenue in the company's history, marking the eighth consecutive quarter of profitability. The preliminary results indicate a near 40% increase in sales revenue compared to the same period in the previous fiscal year, reflecting accelerating growth for the company's flagship product, Insultex House Wrap®.
The company attributes this strong performance to the growing market presence of Insultex House Wrap®, which is now available at nearly 200 retail locations across the United States, with more dealers joining weekly. The product meets or exceeds new government building codes that require continuous insulation and exterior R-Value standards. Unlike competitor products, Insultex House Wrap® provides an R-6 moisture barrier membrane that eliminates the need for additional insulation boards or support, offering a cost-effective and efficient solution for new construction.
In addition to the robust sales growth, the company is in the final stages of an independent laboratory re-certification program with BRC Laboratories. This program aims to re-certify the R-Value testing equipment, which is critical for qualifying 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 management. The successful completion of this certification could open doors to significant revenue opportunities in the multibillion-dollar homebuilding industry.
Industry feedback underscores the product's growing popularity. Randy Kimbler, Director of Business Development for Built Link Solutions, noted that new building material suppliers are adopting Insultex House Wrap® almost every week, and individual builders and contractors are seeking to leverage its value and cost savings. This trend is expected to continue as the product gains further traction in the market.
Joseph A. Riccelli Jr., CEO of Innovative Designs, expressed satisfaction with 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, noting that it has moved to the final phase and that official documentation is expected soon. "Considering the value of this certification, the outcome could result in revenues that have never been achieved by Innovative Designs," he added.
The company plans to file its official fiscal 2026 third quarter financial report by its mid-September deadline. As the certification process concludes, further announcements will be made. For more information about Insultex House Wrap®, visit http://www.insultexhousewrap.com.
