Over 150% Increase in Fiscal Q2 Sales vs Previous Year, Continuous Record Quarters and Profitability for Superior Insulation Supplier in Multi-Billion Homebuilding Industry: Innovative Designs, Inc. (Symbol: IVDN)
$IVDN New Board Member has Ties to Industry Leaders Including D.R. Horton $DHI, Ryan Homes $NVR and More / Super Small Share Structure with Only 38 Million OS / 16 Million Float
For more information on $IVDN visit: http://www.insultexhousewrap.com and http://www.idigear.com
Sole Maker of Patented Insultex® 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.
Second Quarter Revenue Projection of $750,000 (150% Increase Over Q2 of Previous Year).
First Half of 2025 Already Approximately Equals All of 2024 Revenue Total.
Fiscal First Quarter Results Deliver Over a 720% Increase, Largest Percentage Revenue Growth in Company History.
Profitability Reached for First Time at Fiscal 2024 Year-End on Almost 300% Revenue Increase vs. Previous Year.
New Government Building Codes Require Continuous Insulation with Higher Performance. IVDN Meets or Exceeds These Standards Where Many Competitors Now Do Not.
Increased Order Fulfilment Capabilities with Plans for Further Enhancement to Handle Strongly Increasing Demand.
Process Underway for Uplisting to OTCQX Tier.
New Board Member is Experienced Real Estate Developer with Relations to Top Homebuilding Names Including D.R. Horton, NVR / Ryan Homes and More.
Innovative Designs, Inc. (Symbol: IVDN), manufactures and markets its unique, patented Insultex® material, a quantum leap forward in insulation based on proprietary evacuated (vacuum) cells. 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® 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® 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® delivers an unmatched R-6 rating because of its unique and patented evacuated or vacuum cell structure design. The dedicated IVDN Insultex House Wrap® website explains the scientific principles in detail along with visual aids. Insultex® also provides a moisture barrier and other key benefits that make it simply the best insulation choice available today. The IVDN Insultex House Wrap ® 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® incorporates countless evacuated cells. Insultex® 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 competitor products.
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, Management and Directors are holding over 8.4 million of these shares making IVDN avery lean stock.
Innovative Designs Projects Over 150% Increase in Fiscal Second Quarter Sales Results vs Previous Year, Continuing Multiple Quarters of Profitability
On May 20th IVDN management announced its projection of revenue growth for the fiscal second quarter of 2025, ending on April 30th, will exceed previous expectations and deliver over $750,000 (at least 150% increase over the fiscal 2nd quarter of 2024). This new milestone will continue the Company’s profitability, which now spans the last three trailing quarters. For the first 6 months of fiscal 2025 IVDN sales revenue will have already approximately reached the total for all of fiscal 2024.
Joseph A. Riccelli Jr., CEO of IVDN, stated, “Insultex House Wrap® is taking its place as a product of choice by more and more homebuilders and remodelers. The continuing record results in our revenue growth clearly illustrate this trend. We expect to be filing our official fiscal second quarter financial report within the next 30 days with finalized numbers, but at this time, we can confidently project at least the record totals cited above which will put IVDN well on a path to its best year ever in 2025. To support this strong sales growth rate, we are still working to boost “Insultex House Wrap® production levels from our US-based facilities in Massachusetts and other locations. Additionally, we are anticipating having IVDN stock uplisted to the higher OTCQX tier in the near term as we have completed all steps necessary for this advancement.”
Fiscal First Quarter Results Deliver Over 720% Increase, Eclipsing All First Quarter Results by Largest Margin in Company History
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%.
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 its 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, Mr. Spagnolo, Jr., has nurtured relationships with 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.
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