Innovative Designs, Inc. (OTCQB: IVDN) has reported record second-quarter sales for fiscal 2026, extending its profitability streak to seven consecutive quarters. The company filed its fiscal second quarter financial report showing total revenues of $808,666 for the period ending April 30, 2026, significantly surpassing the same period in 2025. This marks the second highest quarterly revenue 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 as improved weather conditions boosted 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 a new all-time record for annual sales and revenue growth with increasing profitability.
The company maintains a strong cash position with no long-term or convertible debt. The outstanding share count remains at approximately 38 million, reflecting management’s commitment to shareholder value.
Progress is also on track for the new Insultex independent laboratory testing program with BRC Laboratories, a qualified independent testing company. The program aims to obtain renewed high-level product certifications for Insultex House Wrap, which would allow the product to qualify for a wider customer base and larger projects. Increasing numbers of building industry companies have indicated that attaining these certifications is important for their plans to use Insultex House Wrap in major projects and marketing programs.
Currently, Insultex House Wrap meets or exceeds new government building codes specifying continuous insulation and exterior R-Value requirements. The patented evacuated cell Insultex House Wrap adds an R-6 moisture barrier membrane that does not require additional insulation boards, making it a leading choice in the market. For full product specifications, visit http://www.insultexhousewrap.com.
CEO Joseph A. Riccelli Jr. 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. 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. 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 for the anticipated demand surge after the certification program is completed.’
Randy Kimbler, Director of Business Development for Built Link Solutions and distributor for Insultex House Wrap, added, ‘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.’
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