Press release
720% Revenue Growth Last Quarter and Profitability for 2 Consecutive Quarters on Breakout Record Sales for Homebuilding Supplier in Multi-Billion Dollar Industry: Innovative Designs, Inc.: IVDN
* Sole Maker of Patented Insultex Registered Insulation Delivering Construction Cost and Energy Saving Performance Superior to All Competition.
* Unique Evacuated Cell House Wrap Material Provides an Unmatched R-6 Rating, Water Vapor, Air & Wind Barrier and Other Important Advantages.
* Fiscal First Quarter Results Deliver Over a 720% Increase, Largest Percentage Revenue Growth in Company History by far.
* Profitability Reached for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year.
* New Board Member is Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More.
* New Government Building Codes Require Continuous Insulation with Higher Performance and IVDN Meets or Exceeds These Standards Where Many Competitors Now Do Not.
* Increased Order Fulfilment Capabilities with Plans for Further Enhancement to Handle Increasing Demand.
* Plans for Increased Marketing and Sales on IDI Gear Insultex Registered Clothing Lines.
* Process Underway for Uplisting to OTCQB Tier.
* Upcoming Interactive Shareholder's Metting Conference.
Innovative Designs, Inc. (Symbol: IVDN), manufactures and markets its unique, patented Insultex Registered material, a quantum leap forward in insulation as the thinnest, lightest and warmest insulator on the market today. IVDN products deliver optimum warmth and comfort via insulating, windproof and waterproof protection with no animal materials. IVDN holds issued US patents on both the evacuated cell material and its manufacturing process.
For home building, home remodeling and other construction, significant improvements in energy efficiency measures, such as IVDN Insultex House Wrap Registered can provide, have never been more important. Superior insulation, for heating or cooling, is fast becoming a primary factor in the multi-billion dollar construction and remodeling industry. In addition to lowering construction costs because additional insulation boards or supports are not needed, Insultex Registered use results in high energy efficiency and a reduction of greenhouse gas emissions that contribute to the global climate change crisis.
IVDN Insultex House Wrap Registered delivers an unmatched R-6 rating because of its unique and patented evacuated or vacuum cell structure design. The dedicated IVDN Insultex House Wrap Registered website explains the scientific principles in detail along with visual aids. Insultex Registered also provides a moisture barrier and other key benefits that make it simply the best insulation choice available today.
The IVDN Insultex House Wrap Registered website may be visited at http://www.insultexhousewrap.com.
No other product on the market offers a vacuum cell structure. A vacuum is the best thermal insulation possible and only Insultex Registered incorporates countless evacuated cells. Insultex Registered also provides a moisture barrier and other key benefits. The result is a substantial savings for new construction, adding an R-6 moisture barrier membrane that does not need additional insulation boards or other support as with other available choices from competitors.
For investors, IVDN has a very small share structure with only about 38 million shares outstanding and a public float of about 16 million shares. Also, according to the latest 10-K filing, IVDN Management and Directors are holding over 8.4 million of these shares making IVDN avery lean stock.
Fiscal First Quarter Results Deliver Over 720% Increase, Eclipsing All First Quarter Results by Largest Margin in Company History
In its 10Q filing on March 20th and a press release on March 24th IVDN announced for the Company's 2025 fiscal first quarter, ended January 31st, revenues reached over $543,000 vs. $65,886 for the same period in the previous year. This represents a comp. increase of over 720%. These results continue the IVDN status as a profitable company which was achieved at the end of the 2024 fiscal year.
Strongly rising sales of Insultex House Wrap Registered are responsible for most of the impressive revenue growth that the Company is now experiencing. Because of the sharp and continuing rise in demand for this unparalleled home insulation, IVDN has been working to develop increased production capacity. At this time, the Company's main production facility in Massachusetts has been able to substantially accelerate product output. IVDN management has also been researching and developing additional production facilities in other parts of the country and this additional production is also beginning to add to the available supply. Because of these efforts IVDN has made dramatic progress in filling a large backlog of orders for Insultex House Wrap Registered and cut delivery times down from 6 or 8 weeks to much shorter periods. This improvement in delivery has pleased existing and new customers to the extent that even faster order flow is coming in as a result.
The surging demand for Insultex House Wrap Registered , is being sparked by new government building codes calling for continuous insulation and exterior R-Value requirements. Insultex House Wrap delivers its advantages thanks to its patented vacuum cell structure design. No other product on the market today offers a vacuum cell structure. A vacuum is the best thermal insulation possible and only Insultex Registered incorporates countless evacuated cells. Insultex Registered also provides a moisture barrier and other key benefits. The result is a substantial savings for new construction, adding an R-6 moisture barrier membrane that does not need additional insulation boards or other support as with other available choices from competitors. IVDN is now in the process of upgrading its listing status to the OTCQB level. Additionally, plans are being made for an upcoming shareholder's meeting which will be an interactive online event designed to better inform the investment community about all that IVDN is delivering, with earnings projections for the balance of 2025 and beyond.
Reached Profitability for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year
On Marh 3rd IVDN announced that the Company has achieved the key milestone of reaching profitability on record setting revenue results of its 2024 fiscal year. With the filing of its 10K Annual Statement for the fiscal year ending on October 31, 2024, IVDN has reported that sales revenues increased to $1,382,733 vs. $347,763 for the 2023 fiscal year. This rapid growth translates to a 298% increase in sales, mostly attributable to the rising demand for its unmatched Evacuated Cell R-6 Insultex House Wrap.
IVDN Welcomes Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More
On January 23rd IVDN announced a new addition to the Company's Board of Directors, Mr. John Spagnolo Jr., an accomplished real estate investor and developer. For over 20 years Mr. Spagnolo, Jr. has been successful in building high end homes, residential and commercial properties and other development projects. Most notably, over the course of his career, Mr. Spagnolo, Jr., has nurtured relationships with key contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. These include D.R. Horton, NVR [Ryan Homes], Maronda Homes, Rockford Homes, Fischer Homes, Infinity Custom Homes and more.
For more information on $IVDN visit: http://www.insultexhousewrap.com and http://www.idigear.com
Follow Innovative Designs, Inc. (IVDN) on X (formerly Twitter) here: https://twitter.com/riccelli_joseph
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Media Contact
Company Name: INNOVATIVE DESIGNS, INC.
Contact Person: Joseph Riccelli, CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=720-revenue-growth-last-quarter-and-profitability-for-2-consecutive-quarters-on-breakout-record-sales-for-homebuilding-supplier-in-multibillion-dollar-industry-innovative-designs-inc-ivdn]
Phone: 412-799-0350
Address:124 Cherry St
City: Pittsburgh
State: Pennsylvania
Country: United States
Website: http://www.idigear.com
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