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Associated Press
8 hours ago
- Business
- Associated Press
Innovative Designs Delivers Record Sales Growth and Highest Profitability Level to Date for First 6 Months of 2025 With 265% Increase Year-Over-Year
Superior and Patented Evacuated Cell Insulation Continues to Gain Homebuilding and Remodeling Industry Recognition With Rising Demand PITTSBURGH, PA - June 17, 2025 ( NEWMEDIAWIRE ) - Innovative Designs, Inc. (OTC Pink: IVDN) has filed its financial report for the fiscal second quarter of 2025, ending on April 30th. The Company is pleased to report that continuing revenue growth has pushed the latest results well above previous projections, reaching $796,369 in fiscal Q2 (a 165% increase over fiscal Q2 of 2024). Total revenues for the first 6 months of 2025 reached $1,340,285 (a 265% increase over the total for the same period in 2024). IVDN has now reported profitability for the past three trailing quarters. With this fiscal Q2 filing, the profit level has also increased to a new high for the Company's history with over $240,000 in net income for the first 6 months of 2025 vs. a $41,000 loss at the same point in 2024. About Innovative Designs, Inc. Innovative Designs, Inc. manufactures the Insultex(R) House Wrap and Arctic Armor(R) Line, under the ' label featuring INSULTEX(R). Patented INSULTEX(R) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit: and 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 CONTACT: Innovative Designs, Inc. Joseph A. Riccelli Jr., CEO 412-799-0350 [email protected] Built Link Solutions, LLC Randy Kimbler, Director of Business Development 616-443-3200 [email protected] View the original release on
Yahoo
01-04-2025
- Business
- Yahoo
Over $1 Million in Revenue With Continued Profitability Projected in the First Half of 2025 for High Demand Product in the Homebuilding Sector from Innovative Designs, Inc. (IVDN)
IVDN's Leading Distributor, Built Link Solutions, is Delivering Increasing Order Flow for Superior Evacuated Cell Home Insulation Product PITTSBURGH, PA - April 1, 2025 (NEWMEDIAWIRE) - Innovative Designs, Inc. (OTC Pink: IVDN) is now able to project that the company will hit another revenue growth milestone, reaching over $1 million in sales revenue for the first two quarters of its fiscal 2025 year which ends on April 30th. This successful trend is also projected to continue the Innovative Designs status as a profitable company which was achieved for the first time at the end of the 2024 fiscal year. Sharply rising demand for the superior and patented Innovative Designs Insultex House Wrap(R), is being fueled by new government building codes calling for continuous insulation and exterior R-Value requirements. For new construction, Insultex House Wrap(R), adds an R-6 moisture barrier membrane that does not need additional insulation boards or other support as with other products from our competitors. This makes Insultex House Wrap(R), the best overall insulation house wrap choice available on the market today. For full details be sure to visit: Much of the rapidly growing sales success Innovative Designs is now receiving can be credited to our leading Distributor, Built Link Solutions, LLC. As part of their active and very effective marketing program, the Built Link Solutions team has exhibited at multiple trade show events in the past months, presenting Insultex House Wrap(R) to a wide range of homebuilding professions and building materials suppliers at every level. Randy Kimbler of Built Link Solutions stated, "We are receiving daily calls and emails from builders and materials suppliers looking for a solution to the new R-5 Continuous Insulation requirement for many states. We can now resolve this increasingly important issue with Insultex House Wrap(R)". Joseph A. Riccelli Jr., CEO of Innovative Designs, commented, "We have 2025 off to unprecedented growth in the entire history of our Company. We are extremely pleased with the escalating order flow for our superior performance vacuum cell Insultex House Wrap(R) product and, of course, must extend our acknowledgement to Built Link Solutions for becoming our leading product distributor. With about one month to go in our fiscal 2nd quarter we are now able to project reaching the impressive $1 million revenue tier for the first half of our fiscal 2025 year and continued profitability for the three trailing quarters. We can also project increased sales and revenue growth in the quarters ahead considering the strong customer response and market trends we see developing. To support this growth, we are moving forward with plans to step up manufacturing and shorten delivery times from our production facilities in Massachusetts and other locations. Everyone on our team is delivering the most positive results for Innovative Designs this year." About Innovative Designs, Inc. Innovative Designs, Inc. manufactures the Insultex(R) House Wrap and Arctic Armor(R) Line, under the " label featuring INSULTEX(R). Patented INSULTEX(R) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit: and 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 Innovative Designs, A. Riccelli Jr., CEO412-799-0350Riccellijjr@ Built Link Solutions, LLCRandy Kimbler, Director of Business Development616-443-3200RandyK@ Sign in to access your portfolio
