Innovative Designs, Inc. (OTCQB: IVDN) reported a 120% increase in fiscal third-quarter revenues compared to the same period last year, marking the company's fourth consecutive quarter of profitability. The company generated $612,636 in Q3 2025 revenues ending July 31, with nine-month revenues totaling $1,952,921 representing a 203% increase over the same period in 2024. August marked a significant milestone as the company surpassed $2 million in revenue for the fiscal year for the first time in its history.
The company's improved financial performance is attributed to growing demand for its Insultex House Wrap® product, which features patented vacuum cell insulation technology. Cash reserves have increased to over $532,000, partly due to improved accounts receivable collection rates that have been shortened to just 39.8 days. The insulation product is gaining recognition in the homebuilding and remodeling markets for its cost-saving advantages over competitive products.
Michigan-based distributor Built Link Solutions, LLC has been instrumental in driving sales growth by educating homebuilding market customers across the United States about the product's benefits. Randy Kimbler, Director of Business Development at Built Link Solutions, noted extremely positive customer response to the product and special offers implemented in September. The distributor is planning complementary programs for the upcoming new year based on this successful response.
CEO Joseph A. Riccelli Jr. expressed optimism about future growth, citing anticipated Federal Reserve interest rate cuts as a significant factor expected to spur further sales and earnings growth. He stated that interest rate reductions should create a commensurate surge in the homebuilding industry, providing additional opportunities for the company's expanding sales programs. The company is actively pursuing new product certifications to make Insultex House Wrap® available to a wider range of users and projects.
Demand for the product is being driven by new government building codes that specify continuous insulation and exterior R-Value requirements. The patented evacuated cell technology provides an R-6 moisture barrier membrane that eliminates the need for additional insulation boards or support structures required by competitive products. For detailed product specifications, visit http://www.insultexhousewrap.com.
The company is increasing production capacity from multiple locations to meet rising demand and improve delivery times. This growth story demonstrates how specialized insulation technology can achieve market success through both product innovation and strategic distribution partnerships while positioning the company to benefit from broader economic trends in the construction industry.
