Innovative Designs, Inc. (OTCQB: IVDN) has filed its fiscal second quarter financial report, revealing continued revenue growth that extends the company's profitability to seven trailing quarters. Total revenues for the period ending April 30, 2026, reached $808,666, significantly exceeding the same period in 2025. This result is the second highest in company history and only the second time breaking the $800,000 level in a single quarter. Sales accelerated toward the end of the quarter due to improved weather for national building projects. As of today, IVDN has reached nearly $2 million in revenue for the 2026 fiscal year, putting the company on pace to set an all-time record for annual sales and revenue growth with increasing profitability.
IVDN maintains a strong cash position with no long-term or convertible debt on the books. The outstanding share count is still only about 38 million, reflecting management's commitment to supporting and enhancing long-term shareholder value.
Progress is proceeding on track for the new Insultex independent laboratory testing program 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 purpose of the updated testing and certification program is to allow the advanced Insultex product to qualify for the needs of a much wider customer base and projects of significantly larger scope. Increasing numbers and multiple larger building industry companies have indicated that attainment of the new certifications will be very important for their plans to use Insultex House Wrap in their own major projects and marketing programs.
Currently, Insultex House Wrap is already fulfilling a key role in the homebuilding market because it meets or exceeds new government building codes specifying continuous insulation and exterior R-Value requirements. For new construction, the patented and unique evacuated cell Insultex House Wrap adds an R-6 moisture barrier membrane that does not need additional insulation boards or other support, unlike competitor products. This makes Insultex House Wrap the best overall insulation house wrap choice available on the market today. For full product specifications and details, visit http://www.insultexhousewrap.com.
Joseph A. Riccelli Jr., CEO of Innovative Designs, commented, "Our entire team at IVDN deserves congratulations for putting the company on the increasingly positive path of success that is now extended to seven straight quarters of profitability with the filing of our fiscal second quarter financial report. Our top-performing sales agent, Built Link Solutions, is doing an outstanding job of introducing Insultex House Wrap at key building industry trade shows and other events as well as ongoing direct meetings with a wide range of building professionals, including some of the most important names in the industry. The result is that we have become busier than ever in selling and shipping our products. We are also continuing to work on expanding production of Insultex House Wrap for the anticipated demand surge after the current new certification program is completed."
Randy Kimbler, Director of Business Development for Built Link Solutions and distributor for Insultex House Wrap, commented on the second quarter, "Now that the building season has ramped up following a late start due to very 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 as they learn about its distinct advantages. This, along with a significant increase in repeat orders from our existing clients, has given us a great start to the 2026 building season which is in full swing now."
