Innovative Designs, Inc. (OTCQB: IVDN) has announced that its fiscal third quarter, ending July 31, 2026, marks the highest revenue in the company's history, with a near 40% increase over the same period last year. This achievement extends the company's profitability streak to eight consecutive quarters, underscoring sustained growth and operational efficiency.
The company attributes this performance to the expanding market adoption of its Insultex House Wrap®, a home insulation product that meets or exceeds new government building codes for continuous insulation and exterior R-Value requirements. The product's unique design adds an R-6 moisture barrier membrane without the need for additional insulation boards, offering a cost-effective solution for new construction. Retail availability has grown to nearly 200 locations across the United States, with new dealers onboarding weekly.
In parallel, Innovative Designs is in the final stages of an independent laboratory re-certification program with BRC Laboratories. This program aims to re-certify the R-Value testing equipment, a critical step for qualifying the product for a wider range of building applications and larger-scale projects. CEO Joseph A. Riccelli Jr. has personally visited the BRC facility and maintained regular communication with its manager, emphasizing the program's importance. Successful certification could open doors to significant revenue opportunities in the multibillion-dollar homebuilding industry.
Industry response has been positive, as noted by Randy Kimbler, Director of Business Development for Built Link Solutions: "The popularity of Insultex House Wrap® continues to grow steadily. New building material suppliers are adopting this multi-advantage product almost every week. Individual builders and contractors are also calling us almost every day to capitalize on the value and cost savings that Insultex® brings to their building projects."
Riccelli expressed pride in the company's achievements, stating, "Achieving the highest revenue of any quarter in the Company's history and our 8th straight quarter of profitability is a gratifying milestone for all the dedicated work that our team has put in. We plan on filing our official 2026 fiscal third quarter financial report on time for its mid-September requirement with full results. I am also especially pleased to be able to announce that the re-certification program we have pursued since the start of 2026, under contract with independent BRC Laboratories, has moved to the final phase of the re-certification process for the R-Value testing equipment. We expect to have official documentation in hand soon and will make more detailed announcements at that time. Considering the value of this certification, the outcome could result in revenues that have never been achieved by Innovative Designs. Expediting this certification continues to be a high priority."
The company's forward-looking statements, as defined by federal law, are subject to risks and uncertainties, including those detailed in its SEC filings. For more information about Insultex House Wrap®, visit www.insultexhousewrap.com. The original press release is available at www.newmediawire.com.
