Innovative Designs, Inc. (OTC Pink: IVDN) has announced an optimistic projection for its fiscal second quarter of 2025, expecting revenues to surpass $750,000, marking at least a 150% increase compared to the same period in 2024. This projection underscores the company's sustained profitability over the last three quarters, with the first half of fiscal 2025's sales revenue nearly matching the entirety of fiscal 2024's earnings. The company plans to file its finalized financial report before the SEC's June 15th deadline.
The surge in demand for Innovative Designs' Insultex House Wrap® is largely due to new government building codes that mandate continuous insulation and specific exterior R-Value requirements. The product's patented evacuated cell technology provides an R-6 moisture barrier membrane, eliminating the need for additional insulation boards, setting it apart from competitors. For more details on the product, visit http://www.insultexhousewrap.com.
Randy Kimbler from Insultex® Distributor Built Link Solutions, LLC, highlighted the expanding market for Insultex®, noting recent expansions into Connecticut, Massachusetts, South Dakota, Montana, and Maryland. The company is also increasing its sales team to accommodate the rising inquiries, a testament to the product's growing recognition in the homebuilding industry for its performance and cost-effectiveness.
Joseph A. Riccelli Jr., CEO of Innovative Designs, emphasized the product's rising popularity among homebuilders and remodelers, as reflected in the company's record revenue growth. With plans to enhance production capacity in Massachusetts and other US locations, and an anticipated uplisting to the OTCQX tier, Innovative Designs is poised for continued success in 2025.
