Innovative Designs, Inc. (OTCQB: IVDN) has surpassed the $2 million revenue mark for the first time in company history during August 2025, while projecting over 100% revenue growth for its fiscal third quarter compared to the same period last year. The company anticipates third quarter revenue exceeding $600,000, continuing a trend of four consecutive quarters of profitability. Management expects to file finalized financial reports ahead of the September 15th SEC deadline.
The company's financial strength has improved significantly through balance sheet enhancements, including the elimination of all long-term and convertible debt obligations. More than $85,000 in debt has been satisfied without issuing new shares, maintaining the company's low share structure of approximately 38 million shares outstanding with a 17 million public float. Rising revenue streams and improved accounts receivable collections have boosted cash reserves, eliminating the need for private placement investments.
CEO Joseph A. Riccelli Jr. attributed the success to growing recognition of the company's Insultex House Wrap® product among homebuilders and remodelers. The patented vacuum cell insulation technology meets new government building codes requiring continuous insulation and exterior R-Value specifications. The product provides an R-6 moisture barrier membrane that eliminates the need for additional insulation boards required by competitor products. For detailed product specifications, visit http://www.insultexhousewrap.com.
Increased demand is driving expansion of production capabilities at US-based facilities in Massachusetts and other locations. The company is pursuing additional certifications to make the product suitable for a broader range of customers. This growth reflects the construction industry's adaptation to more stringent energy efficiency requirements in building codes nationwide. The company's improved financial position supports its objective of increasing shareholder value while meeting evolving market demands for advanced insulation solutions.
