Business
Innovative Designs, Inc. (IVDN) Reports Record Q1 Sales Results on Superior Homebuilding Product Sales Growth With Profitability Extending to 6 Straight Quarters
Innovative Designs, Inc. (IVDN) Reports Record Q1 Sales Results on Superior Homebuilding Product Sales Growth With Profitability Extending to 6 Straight Quarters.
About this update from Innovative Designs, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Innovative Designs, Inc. (IVDN) Reports Record Q1 Sales Results on Superior Homebuilding Product Sales Growth With Profitability Extending to 6 Straight Quarters\r\n \r\n \r\n\r\n\r\nInnovative Designs, Inc. (IVDN) Reports Record Q1 Sales Results on Superior Homebuilding Product Sales Growth With Profitability Extending to 6 Straight Quarters\r\n\r\n\r\n\r\n\r\n\r\n\r\n Record Sales Booked for Fiscal 2026 Q1, Best in Company History  \r\n Profitability Now Extending for 6 Trailing Quarters.\r\n Independent Lab Testing Working Towards Recertification of New Testing Machine \r\n Production Increase Plans to Meet Rising Product Demand.  \r\n \r\n PITTSBURGH, PA - March 19, 2026 (NEWMEDIAWIRE) - Innovative Designs, Inc. (OTCQB: IVDN) has now filed its fiscal first quarter financial report delivering continued record breaking sales results. Total revenues for the period ending on January 31st reached $632,201 exceeding the 2025 first quarter total which had previously been the best Q1 in company history. The number of retail customers has increased substantially over the past year as more homebuilders and remodelers are discovering the unmatched advantages of our patented evacuated cell Insultex House Wrap® product line which is unique in the marketplace.\r\nIVDN also reported a rising cash position of over $721,372 at the fiscal first quarter end with no long term or convertible debt on the books. This improved financial position is allowing continued expansion of operations and marketing growth plans. The IVDN outstanding share count is still only about 38 million, reflecting management's commitment to protecting and enhancing long term shareholder value.\r\nAlso, of very significant importance, progress is proceeding for the new Insultex® independent laboratory testing program begun in December, 2025. IVDN management has contracted BRC Laboratories, a qualified independent laboratory testing company, to complete the process of obtaining renewed high level product certifications for Insultex House Wrap®.  The process of obtaining all necessary certification of testing apparatus. The purpose of the updated testing and certifications is to allow our advanced Insultex® product to qualify for the needs of a much wider customer base and projects of significantly larger scope. Multipl...