Innovative Designs, Inc. (OTCQB: IVDN) has reported record second-quarter sales for fiscal 2026, with total revenues reaching $808,666 for the period ending April 30, 2026. This marks the second-highest quarterly revenue in company history and the second time the company has surpassed $800,000 in a single quarter. The results extend the company's profitability streak to seven consecutive quarters, building on momentum from strong customer base growth for its patented Insultex House Wrap insulation product.
Sales accelerated toward the end of the quarter as improved weather conditions boosted national building projects. Year-to-date, IVDN has generated nearly $2 million in revenue for fiscal 2026, putting the company on pace to set a new annual sales record. The company maintains a strong cash position with no long-term or convertible debt, and its outstanding share count remains at approximately 38 million, reflecting management's focus on shareholder value.
Progress continues on the independent laboratory testing program with BRC Laboratories, aimed at obtaining renewed high-level product certifications for Insultex House Wrap. The updated certifications are designed to qualify the product for broader applications and larger-scale projects. Multiple building industry companies have indicated that these certifications are critical for their plans to incorporate Insultex House Wrap into major projects and marketing programs.
Insultex House Wrap already meets or exceeds new government building codes requiring continuous insulation and exterior R-Value. The product adds an R-6 moisture barrier membrane without needing additional insulation boards, giving it a competitive edge. Full product specifications are available at http://www.insultexhousewrap.com.
CEO Joseph A. Riccelli Jr. credited the entire team for the positive trajectory, noting that top sales agent Built Link Solutions has been instrumental in introducing Insultex to key industry players at trade shows and direct meetings. “We have become busier than ever in selling and shipping our products,” Riccelli said. He added that the company is expanding production capacity in anticipation of a demand surge following the completion of the certification program.
Randy Kimbler, Director of Business Development for Built Link Solutions, highlighted that the building season has ramped up after a late start due to harsh winter weather. “We are seeing multiple new building material suppliers coming on board this year and even more showing high interest in using Insultex House Wrap,” Kimbler said. Repeat orders from existing clients are also increasing, providing a strong start to the 2026 building season.
