IVDN Reports Record Q3 Sales of Superior Vacuum Cell House Wrap with 8 Quarters of Profitability and Currently Surpasses All Previous Year Revenue
IVDN posts record Q3 revenue, eight straight profitable quarters, strong cash with no long term or convertible debt, and new lab accreditation.
- Fiscal 2026 Third Quarter Sales Significantly Exceed Same Period in 2025.
- Profitability Extending for Eight Trailing Quarters.
- Cash Level Remaining High with No Long Term or Convertible Debt and No Increase in Outstanding Shares from Previous Year.
- Received Documentation from Perry Johnson Laboratory Accreditation Certifying Independent Testing Facility.
Cash position strengthened to
Additionally, Insultex® independent laboratory testing program contracted with BRC Laboratories, a qualified independent testing company, received documentation from Perry Johnson Laboratory Accreditation Inc. certifying the testing facility and procedures. BRC Laboratory, is now accredited in accordance with the recognized International Standard: (ISO/IEC:2017). The purpose of this program is to allow Insultex® to qualify for the requirements of a much wider range of building applications and projects of larger scale and scope with retailers and customers on every level of the national homebuilding industry.
Insultex House Wrap® meets or exceeds new building codes specifying continuous insulation and exterior R-Value requirements.
About Innovative Designs, Inc.
Innovative Designs, Inc. manufactures the Insultex House Wrap® and Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. Patented INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit: http://www.insultexhousewrap.com and http://www.idigear.com.
Disclaimer
Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at http://www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260921730821/en/
Innovative Designs, Inc.
Joseph A. Riccelli Jr., CEO
412-799-0350
Riccellijjr@insultexhousewrap.com
http://www.insultexhousewrap.com
Source: Innovative Designs, Inc.