Innovative Designs, Inc. (OTCQB: IVDN) closed its fiscal second quarter for the period ending April 30th with accelerating revenue growth and continued profitability, now extending to seven trailing quarters. Management projects that fiscal 2026 Q2 revenues will be reported as the second highest in company history and only the second time breaking the $800,000 level in a quarter. Sales accelerated towards the end of Q2 for an exceptionally strong finish after a slower start due to harsh winter weather that inhibited many building projects at the start of the year. At this point, IVDN has reached the $1.5 million revenue level for the 2026 fiscal year, which still has two quarters to go.
The company's flagship product, Insultex House Wrap®, continues to gain a widening customer base with over 150 retail locations now actively selling the product and more coming on board every week. Insultex House Wrap® meets or exceeds new government building codes specifying continuous insulation and exterior R-Value requirements. For new construction, Insultex House Wrap® adds an R-6 moisture barrier membrane that does not need additional insulation boards or other support as with competitor products. More details are available at http://www.insultexhousewrap.com.
Additionally, the Insultex® independent laboratory testing program, contracted with BRC Laboratories, a qualified independent testing company, has progressed on schedule with all positive results to date. The purpose of this program is to allow Insultex® to qualify for the requirements of a much wider range of building applications and projects of larger scale. IVDN and its marketing representatives have received indications from some of the largest names in the homebuilding industry that once the new independent certifications are in-hand, there will be interest in substantially larger integration of Insultex House Wrap® into their larger and higher value building projects.
Randy Kimbler, Director of Business Development for Built Link Solutions, stated, “The reaction to Insultex House Wrap® we are receiving in our nationwide marketing campaign to builders and building material suppliers is exceptionally enthusiastic as they gain a better understanding of the valuable advantages this unique product delivers in terms of performance, ease of installation and overall cost effectiveness. Compliance with new building codes in more US states is also becoming an increasingly important factor in favor of Insultex House Wrap® demand and we are currently gaining customers in multiple new states that we had not seen previously. However, the greatest gain we have realized is in the remodeling space. We are being told by these builders how Insultex House Wrap® is a truly great way to add value to a project for the homeowner that will deliver significant energy cost savings. Weather issues did cause a delay in this year’s spring building season but our sales activity has notably stepped up in the past few weeks.”
Joseph A. Riccelli Jr., CEO of Innovative Designs, commented, “We anticipate filing our official 2026 fiscal second quarter financial report on time for its June 15th requirement. We are very pleased that this filing will extend the developing IVDN success story to seven straight quarters of profitability so far and deliver the 2nd highest quarterly revenue total in all of the Company’s history. Sales continue to come in strongly as we are now in our fiscal third quarter and we are shipping larger orders on an accelerating schedule. In anticipation of further demand surges from the increasing market awareness for Insultex House Wrap® and the upcoming new independent certification process, our management and manufacturing teams have been working to increase production rates and build on-hand inventory levels. We expect the balance of 2026 to set new record sales growth that IVDN has never before experienced.”
The implications of this announcement are significant for the homebuilding industry and homeowners alike. Insultex House Wrap® offers a solution that meets evolving building codes while providing energy cost savings, and the company's sustained profitability and expanding retail footprint indicate growing market acceptance. The ongoing independent certification could open doors to large-scale adoption by major homebuilders, potentially transforming insulation standards in new construction and remodeling.
