Innovative Designs, Inc. (OTCQB: IVDN) has announced that its fiscal third quarter, ending July 31, 2026, delivered the highest revenues in the company's history, with a near 40% increase over the same period last year. This marks the eighth consecutive quarter of profitability for the Pittsburgh-based manufacturer of the Insultex House Wrap® and Arctic Armor® product lines.
The company attributes this growth to the expanding market presence of its flagship product, Insultex House Wrap®, which is now available at nearly 200 retail locations across the United States, with more dealers adopting the product weekly. Insultex House Wrap® is designed to meet or exceed new government building codes that require continuous insulation and specific exterior R-Value standards. Unlike competitor products, Insultex House Wrap® provides an R-6 moisture barrier membrane without the need for additional insulation boards or support, offering builders a cost-effective and efficient solution.
In addition to sales growth, Innovative Designs is in the final stages of an independent laboratory re-certification program with BRC Laboratories, a qualified testing company. The program aims to re-certify the R-Value testing equipment, with all material testing having yielded positive results. CEO Joseph A. Riccelli Jr. has personally visited the BRC facility and maintained regular communication with its manager throughout the process. Successful certification would allow Insultex® to qualify for a broader range of building applications, including larger-scale projects, potentially unlocking significant revenue opportunities in the multibillion-dollar homebuilding industry.
Randy Kimbler, Director of Business Development for Built Link Solutions, commented on the product's growing popularity: “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.”
CEO Joseph A. Riccelli Jr. 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 will continue to issue updates as the process progresses.”
The company's financial report for the fiscal third quarter is expected to be filed in mid-September. Investors and industry observers will be watching closely to see if the momentum continues and whether the certification will open new avenues for growth. For more information on Insultex House Wrap®, visit http://www.insultexhousewrap.com.
