Innovative Designs Reports Record Fiscal Q3 Revenue and Eighth Consecutive Profitable Quarter

Innovative Designs, Inc. (OTCQB: IVDN) has closed its fiscal third quarter ending July 31 with a strong continuation of its ascending sales growth and profitability, marking the eighth consecutive profitable quarter. Management reports that fiscal 2026 Q3 revenues will be the highest ever in company history, with a near 40% revenue increase over the same period in the previous year. This milestone underscores the company's accelerating market traction and operational efficiency.

The company's flagship product, Insultex House Wrap®, continues to gain market presence with nearly 200 retail locations across the United States, and more are added weekly in multiple states. The product meets or exceeds new government building codes that require continuous insulation and exterior R-Value. For new construction, Insultex House Wrap® provides an R-6 moisture barrier membrane without the need for additional insulation boards, offering a distinct advantage over competitor products. Full product specifications are available at Insultex House Wrap.

In a significant development, the independent laboratory testing program with BRC Laboratories has entered its final stages. The program aims to re-certify the R-Value testing equipment, a crucial step for qualifying Insultex® 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. The successful completion of this certification could open doors to the multibillion-dollar homebuilding industry at every level.

Randy Kimbler, Director of Business Development for Built Link Solutions, commented on the growing popularity of Insultex House Wrap®, noting that new building material suppliers are adopting the product almost every week, and individual builders and contractors are calling daily to capitalize on its value and cost savings.

CEO Joseph A. Riccelli Jr. expressed satisfaction with the company's performance, 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." He also highlighted the progress on the re-certification program, expecting official documentation soon and hinting that the outcome could result in revenues never before achieved by the company.

The official fiscal 2026 third quarter financial report is expected to be filed on time for its mid-September requirement. The company will continue to issue updates as the certification process progresses. This news is important as it demonstrates consistent financial growth and strategic advancements that could significantly expand the company's market reach and revenue potential.