Innovative Designs, Inc. is projecting a robust fiscal second quarter with revenue expected to exceed $750,000, representing a 150% increase compared to the same period in 2024. This milestone continues the company's three-quarter profitability streak and positions the organization for its most successful year to date.
The surge in sales is attributed to increasing market adoption of the company's Insultex House Wrap®, a patented insulation product meeting new government building code requirements. The product's unique evacuated cell technology provides a high R-6 moisture barrier membrane without requiring additional insulation support, distinguishing it from competitor offerings.
Strategic expansion is driving the company's growth, with distributor Built Link Solutions recently extending marketing efforts into five new states: Connecticut, Massachusetts, South Dakota, Montana, and Maryland. The company is also scaling its sales team to address rising industry interest.
CEO Joseph A. Riccelli Jr. anticipates continued momentum, noting the product is becoming a preferred choice among homebuilders and remodelers. The company is simultaneously preparing to increase production at its US-based facilities and is working toward potential uplisting to the OTCQX market tier.
For fiscal 2025, Innovative Designs has already generated sales revenue approximating its entire previous year's total, signaling substantial market potential and competitive positioning in the evolving homebuilding insulation sector.
