Innovative Designs, Inc. reported record financial results for fiscal year 2025, with sales reaching $2,765,149 compared to $1,382,733 in the previous year, representing 100% year-over-year growth. The company attributes this performance primarily to rising demand for its patented evacuated cell Insultex House Wrap®, which provides R-6 rated thermal insulation. This product meets or exceeds new government building codes specifying continuous insulation and exterior R-Value requirements, positioning it advantageously in the homebuilding and remodeling market.
The company has maintained profitability for five consecutive quarters and strengthened its balance sheet by eliminating all long-term and convertible debt while building cash reserves exceeding $600,000. Fiscal first quarter 2026 sales have continued at record levels, indicating sustained growth momentum. Management has maintained a relatively low outstanding share count of approximately 38 million shares, reflecting a commitment to protecting shareholder value.
In December 2025, Innovative Designs signed an agreement with BRC Laboratories, an independent testing company, to pursue renewed high-level product certifications for Insultex House Wrap®. The testing process has already commenced with specialized equipment delivered to BRC Laboratories' facility. These certifications are expected to qualify the product for a significantly wider customer base and larger-scale projects, potentially expanding market reach beyond current applications.
CEO Joseph A. Riccelli Jr. stated that while current sales growth demonstrates market recognition, the company believes renewed certifications will unlock the product's full potential. The company is also working to increase production capacity to meet growing demand and exploring additional markets including clothing applications and international sales. For product specifications and details, visit http://www.insultexhousewrap.com.
The company's forward-looking statements are subject to various factors and risks as detailed in SEC filings available at http://www.sec.gov. The insulation technology market continues to evolve with increasing emphasis on energy efficiency and building code compliance, creating opportunities for specialized solutions like evacuated cell insulation that offer both thermal performance and installation advantages over traditional materials.
