Innovative Designs, Inc. (OTCQB: IVDN) has announced that its fiscal third quarter, which ended on July 31, 2026, will be the highest revenue quarter in the company's history. The company expects to report a nearly 40% increase in sales revenue compared to the same period in the previous fiscal year. This marks the eighth consecutive quarter of profitability for the company, reflecting a sustained upward trajectory in its financial performance.
The growth is attributed to the increasing market penetration of its flagship product, Insultex House Wrap®, which is now available at nearly 200 retail locations across the United States, with more dealers joining weekly. The product's appeal is strengthened by its compliance with updated government building codes that mandate continuous insulation and exterior R-value requirements. Unlike competitor products, Insultex House Wrap® provides an R-6 moisture barrier membrane without the need for additional insulation boards or support, offering a cost-effective and efficient solution for new construction projects. Full product specifications are available at Insultex House Wrap.
A significant development is the advancement of the independent laboratory re-certification program with BRC Laboratories, a qualified third-party testing facility. The program has entered its final stages, with all material testing yielding positive results. CEO Joseph A. Riccelli, Jr. has personally visited the BRC facility and maintained regular communication with its management to ensure progress. The objective of this certification is to qualify Insultex® for a wider range of building applications and larger-scale projects, potentially opening doors to the multibillion-dollar homebuilding industry. The company believes that achieving this certification could lead to unprecedented revenue opportunities.
Industry response has been favorable, as noted by Randy Kimbler, Director of Business Development for Built Link Solutions, who stated, "The popularity of Insultex House Wrap® continues to grow steadily. New building material suppliers are adopting this multi-advantage product almost every week. Individual builders and contractors are also calling us almost every day to capitalize on the value and cost savings that Insultex® brings to their building projects."
CEO Joseph A. Riccelli Jr. expressed satisfaction with the results, saying, "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. We plan on filing our official 2026 fiscal third quarter financial report on time for its mid-September requirement with full results. I am also especially pleased to be able to announce that the re-certification program we have pursued since the start of 2026, under contract with independent BRC Laboratories, has moved to the final phase of the re-certification process for the R-Value testing equipment. We expect to have official documentation in hand soon and will make more detailed announcements at that time. Considering the value of this certification, the outcome could result in revenues that have never been achieved by Innovative Designs. Expediting this certification continues to be a high priority. The company will continue to issue updates as the process progresses."
The company plans to release its full financial results in the upcoming filing, which is due in mid-September. Investors and industry observers will be watching closely to see if the momentum continues and how the certification might impact future growth.
