Innovative Designs, Inc. (OTCQB: IVDN) reported record-setting financial results for fiscal year 2025, with sales revenues reaching $2,765,149 compared to $1,382,733 in fiscal 2024 and $347,763 in fiscal 2023. This represents a 100% year-over-year increase in sales, primarily driven by rising demand for the company's patented evacuated cell R-6 rated Insultex House Wrap®. The company noted this product represents the best thermal insulator available in the market and offers distinct advantages in today's homebuilding and remodeling sector.
The fiscal 2025 results mark the best year in the company's history by a significant margin as sales of Insultex House Wrap® continue to expand across the United States. The company also reported a strengthened cash position exceeding $600,000 at fiscal year end and has eliminated all long-term and convertible debt, improving the balance sheet through enhanced collections. This financial improvement enables more efficient expansion of operations and corporate growth initiatives. The company maintains an outstanding share count of approximately 38 million shares, reflecting management's focus on protecting and enhancing long-term shareholder value.
Of substantial importance, in December 2025, IVDN management signed an agreement with BRC Laboratories, a qualified independent laboratory testing company, to complete the process of obtaining renewed high-level product certifications for Insultex House Wrap®. The company's new specialized testing machine has been delivered to BRC Laboratories' new facility, with initial testing procedures already underway. The certification process for the testing apparatus and procedures has also commenced. The purpose of this updated testing and certification initiative is to qualify the advanced Insultex® product for a much wider customer base and significantly larger scope projects.
Insultex House Wrap® plays a key role in the current homebuilding market as it meets or exceeds new government building codes specifying continuous insulation and exterior R-Value requirements. For new construction, the patented evacuated cell Insultex House Wrap® adds an R-6 moisture barrier membrane that does not require additional insulation boards or other support materials typically needed with competitive products. This positions Insultex House Wrap® as the best overall insulation house wrap choice available in today's market. For full product specifications and details, visit http://www.insultexhousewrap.com.
Joseph A. Riccelli Jr., CEO of Innovative Designs, stated that the company's patented Insultex® product line is increasingly recognized as the best option in the homebuilding market, as evidenced by sharply rising sales growth. He expressed confidence that renewed high-level product certifications in 2026 will enable the company to reach the fullest potential of the Insultex® product for customers and investors. The company also plans to continue increasing production capacity to meet larger demand and develop other markets for Insultex®, including clothing applications and international sales.
The company's fiscal first quarter of 2026, beginning November 1st, has experienced exceptionally high sales levels from both new and repeat customers, with results to be reported by or before the March 15th Q1 due date. This continues the strong growth trajectory established in fiscal 2025. The company's forward-looking statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including risks discussed in the company's SEC filings available at http://www.sec.gov.
