Innovative Designs Inc (IVDN)

[ProfitScout]

IVDN management has indeed, made the legal financial filing for the company's year-end earnings as can be seen here: https://www.otcmarkets.com/filing/html?id=18205368&guid=JuB-kWOZB0q2dth

The company is now current on all its required financial filings but still needs to regain its full OTCQB listing status. Being caught up now they are eligible to do so. When the OTCQB listing is restored there should be increasing attention here. The growth story coming together at this time has already made the company a success. The stock price will catch up.

[searay2701]

Todays non response by this stock’s very little action could be because many folks, in todays world, want to see figures and statements of a company reported on a site that it legally reported to, The OTC Market Website whereby it has been Federally noted as such.

[pitcook]

Unfortunately, the fact that only 100 shares have traded so far shows that not enough of the right people are reading this information. This needs to be on building websites and trade magazines. If the golden goose lays eggs in the wilderness and nobody knows about it… Lol.

As I have said, this is not a hard sell. This is not even a sell. This is an education and once people are educated about the disruptive technology of the evacuated cells, they are buying and reordering the material. Additionally, if investors are educated and see this at the right spots, they will be buying the stock. Meanwhile, for the couple handfuls of us know about it, this is a tremendous opportunity to be buying up these cheap shares.

[ProfitScout]

Reaching profitability is a major event for IVDN, as they have announced today. Note that the growing success of Insultex House Wrap is being accelerated by the new government building codes that directly favor the IVDN product and its superior advantages.
--------------------------------------------------------------------------------
From today's press release:

Sales of Insultex House Wrap® are now benefiting from new government building codes calling for continuous insulation and exterior R-Value requirements. Insultex House Wrap® is starting to be recognized as the very best option to satisfy the new requirements in terms of performance, cost effectiveness and ease of installation. 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® 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 other available choices from competitors.

[Dickmo]

Best news I have heard in several months. There is genuine reason to be optimistic. Now comes the truly hard work of capitalizing on the opportunity. Looking forward to watching the progress and supporting the company as it grows on this board. Competence should be rewarded.

[greendolphin11]

Huge news! $GO IVDN$!!

[ProfitScout]

$IVDN News: Innovative Designs, Inc. Reaches Profitability for First Time by Reporting of Record Sales Results in Fiscal Year 2024, Delivering Almost 300% Revenue Increase vs. Previous Year

Sales of Superior Evacuated Cell Home Insulation Continue to Surge Into the Fiscal First Quarter for 2025

PITTSBURGH, PA - March 3, 2025 (NEWMEDIAWIRE) - Innovative Designs, Inc. (OTC Pink: IVDN) is extremely pleased to report that the Company has now achieved the key milestone of reaching profitability on the record setting revenue results of its 2024 fiscal year. With the filing of our 10K Annual Statement for the fiscal year ending on October 31, 2024 just posted, 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 our unmatched Evacuated (Vacuum) Cell R-6 Insultex House Wrap.

Fiscal fourth quarter sales were even stronger than we anticipated when we issued our projection in December for a year-end total at $1.2 million. Robust sales are currently continuing in the first half of fiscal 2025. We are working on the largest backorder level for Insultex House Wrap® that the Company has ever experienced and making progress with our suppliers to accelerate product production rates.

Sales of Insultex House Wrap® are now benefiting from new government building codes calling for continuous insulation and exterior R-Value requirements. Insultex House Wrap® is starting to be recognized as the very best option to satisfy the new requirements in terms of performance, cost effectiveness and ease of installation. 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® 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 other available choices from competitors.

Joseph A. Riccelli Jr., the new CEO of Innovative Designs, stated, "We have entered a new and much more rewarding stage of our business as demonstrated by the unprecedented sales results reported in our fiscal 2024 year-end financial report that has just been filed. Reaching the turning point of becoming a profitable company is a great achievement that everyone on our team has worked hard at for many years. With the growing success of the superior Insultex House Wrap® product line, Innovative Designs is positioned to continue building on the financial success we have now reached throughout 2025 and beyond. I am looking forward to arranging IVDN shareholder's conference in the near future to further expand on the reasons for our success, and plans to increase production to meet the rising demand. Additionally, we will be looking into expanding our marketing and sales options for the IDI Gear Insultex® clothing lines. Stay tuned for details on the scheduling of this upcoming IVDN shareholder's conference soon."

About Innovative Designs, Inc.

Innovative Designs, Inc. manufactures the Insultex® House Wrap and Arctic Armor® Line, under the "i.d.i.gear" label featuring INSULTEX®. Patented INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit: http://www.insultexhousewrap.com and http://www.idigear.com

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 http://www.sec.gov.

CONTACT:
Innovative Designs, Inc.
Joseph A. Riccelli Jr., CEO
412-799-0350
[e-mail]
http://www.insultexhousewrap.com

[greendolphin11]

Pitcook, 10k is out

[pitcook]

You hit on a big point, and as great as our business growth is now, it’s probably not even 5% of what it will be when we get certified confirming the R –6 properties of our Insultex house-wrap. As you are seeing with your local municipalities, and on a much greater level with the major national home builders, because our product saves so much cost in new construction, inspectors are requesting updated certification.

[searay2701]

Mcfish, that’s OK, meanwhile those who keep nibbling at this stock may be rewarded more for getting in around the current price. As long as the revenues keep moving in the right direction the rest will take care of everything else. I am not saying to buy, hold or sell IVDN as everyone must do their own research to come up with their own decisions. MOO

[Mcfish]

I have co-workers there and have been looking. 
As builders we would love to adopt the r-6 wrap. Definitely would make our live easier.
Problem is local municipalities aren't buying in and accepting the manufacturers claim.
I've spoke to and passed along links about Insultex. I've received and gave away samples with literature from the Company.
It's gonna take time.

[pitcook]

How do you know they don't? Actually we do have representatives meeting potential customers in Vegas.

Our material will also have a presence in at least 3 future major Trade Shows, with booths in Phoenix and Atlantic City to name a couple. This is a completely improved and more efficiently run company with Mr. Riccelli Jr. running things. I look forward to seeing the Year-End K report. We should see the fruits of his new strategies in getting additional production to help keep up with the exponentially growing demand for the greatest, and with the totally unmatched properties material in this multi-billion dollar industry.

[Mcfish]

Why aren't they in Vegas this week promoting their product?????
Bummer
I was really hoping they would have a presence there.

[pitcook]

500%. That would be a high percentage if you’re buying a regular stock that is not totally unique to an industry that needs its product even more with the government new building code. Thanks to the way the new CEO is directing things, when the year end K, Q1, and continuing quarterly reports come out, and the demand for the Insultex House-wrap continues to boom, the stock should be 30 or 40 times higher than it is now!

Once we get updated and Certified, where all the major National and International home builders, do not have any inspector issues, saving them all the money our product will do, there will be a line at our door for an auction. They all (house-wrap and insulation companies) will need to either partner or license our material, to maintain any market share, and the stock should be way more than $20/$30 a share and I’m being very conservative.

Everyone on this board, because if you are you know all about the features of our evacuated cells product, are at an advantage of basically knowing major inside information that of course is all public. You all as I am doing should be buying up as many cheap shares as we can on this open market. Once the rest of the world discovers this through properly placed PR’s, we will all be looking back and saying- - did I take full advantage of this disruptive technology that is so esoteric, that literally probably less than 50 people really know and understand about it?

If the answer is yes, then we all should be making hundreds of thousands if not even even millions of dollars of profit!

[Trooperstocks]

$IVDN If you get in early on a low float, this could eventually be trading at a 500% increase or more with revenue growth and exposure. https://finance.yahoo.com/news/innovative-designs-inc-reports-record-151052876.html

[searay2701]

IVDN trading pretty quiet here.

[searay2701]

IVDN is one of the narrowing amount of smaller companies that is showing decent signs of a better future for itself in this day of more economic turmoil. I am a believer in trying to get our Country into better shape, cutting waist spending so we can navigate the future better and easier. We have the best product that can help everyone save where needed, comfort and there money. MOO

[searay2701]

10-K out as of 02/20/2025 and we are now Pink current as reported on the IVDN OTC Market Website.

[ProfitScout]

The new CEO recently stated that a top priority for IVDN at this time has been to increase the level of product production to meet the strongly rising demand for Insultex House Wrap coming in.
--------------------------------------------------------------------------------
With the increasing demand for Insultex House Wrap®, one of our top priorities has become increasing new production to maintain a timely order flow. To this end, we have developed new production resources in the last few months which are now able to deliver higher levels of inventory for customers placing rising orders. As demand grows, we have plans for further manufacturing and production. New marketing programs and additional product certifications are also planned.
Joseph A. Riccelli, CEO
 Source:
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

[tigerpac]

Are sales limited by the amount of product the company can produce monthly?   In other words are they running at full capacity with the labor levels they have?

Would the company have to invest in machinery to get sales up to say, $1 million per month?

[searay2701]

Mr.Stock pick, maybe Junior, as you say, is working on getting accredited investors etc along with all the bitter ends together and that is taking yet, more time. We also have not heard anything yet on when that conference call day will be. Time will tell all.

[Mr Stock pick]

In general it is perceived as a negative UNLESS you want to consider it a temporary thing done by Junior on purpose so that he can allow accredited investors in without them having to pay a premium if they buy at the market and push demand up and share price up. So he may be discussing some financing options with accredited investors. We will know in the next month or two. If no major investments announced then this is just because of drag in reporting/ filing forms etc. following explanation from Chat GPT

Chat GPT:
The Expert Market is a classification within the over-the-counter (OTC) stock market where companies trade with limited public access. It is managed by OTC Markets Group and is primarily for stocks that do not meet the disclosure requirements of other OTC tiers, such as OTCQX, OTCQB, or Pink Current Information.

Key Features of the Expert Market:
1. Limited Access: Only qualified institutional buyers (QIBs) and accredited investors can trade these stocks. Retail investors generally cannot buy or sell them.
2. Low or No Public Disclosure: Companies in this category typically do not provide regular financial disclosures.
3. High Risk: Due to the lack of transparency, these stocks are considered highly speculative.
4. Often Includes Delisted or Defunct Companies: Many stocks in the Expert Market were previously listed on major exchanges or other OTC tiers but failed to maintain requirements.

Why Would a Stock Be in the Expert Market?
• Failure to meet SEC reporting requirements.
• Involuntary delisting from an exchange (e.g., NASDAQ, NYSE).
• A company’s decision to stop providing public information.

Can You Trade Expert Market Stocks?
• Retail investors cannot trade these stocks under normal circumstances.
• Institutional investors and high-net-worth individuals meeting accredited investor criteria may have access.

The Expert Market was introduced in 2021 as part of regulatory changes to increase transparency and limit retail investor exposure to non-reporting companies. If a stock you own moves to this category, selling it could be difficult unless you meet the trading requirements.

[searay2701]

pitcook, good to hear from you. The OTC is not to patient with IVDN in producing what is needed to get caught up. Looks like it is going to take more time in the current CEO getting caught up with things, including the final current certification. Got to keep that light at the far end of the tunnel on.

[pitcook]

I'm confident that JR jr, is on top of things, and this will not be for long. He is not only all in, driving this remarkable increase in sales, but still must clean up from many of the issues that made up dropped from the regular trading board.

When what we all expect to see, (GREAT SALES NUMBERS!) when the K, and Q that follows come out, that we have basically the Golden Goose of Construction materials Now that there is the newly required Building Code for Continuous Insulation, the Golden Goose, is now really a Platinum Goose.

Anyone that knows and understands about the properties of the INSULTEX HOUSE-WRAP now, and is not buying up as many cheap shares as possible, at these stupidly low prices, is going to be costing themselves when these earnings come out, 10's if not hundred's of thousands of Dollars.

When the new CEO gets ouur material Certified with it's R-6 Value, and all of the major Home Builders will be standing in line to try to get a partnership deal with IVDN, by not loading up with shares now for about 6 Nickles, will be costing themselves $100,000's or even Millions of Dollars in profits!

Once certified and the word gets out, anyone doing any New Construction, or Remodeling, and not using the IVDN Insultex House-wrap is doing- - -
CONSTRUCTION MALPRACTICE!!

[searay2701]

Does anyone have anything to say about IVDN being back so soon into The Expert Market category? Even though more revenues are coming in, this is not the way to run a company that is suppose to be on a better footing than ever. Reporting on time each quarter and yearly should be a priority. JMOO

[searay2701]

Am I seeing right, IVDN is back into the expert market status again according to The OTC IVDN Market Website and therefore not tradable.

[searay2701]

Why is there no bid and ask today? Could it be that The OTC is updating the information on IVDN, just a guess on my part.

[Trooperstocks]

$IVDN -IDI Gear products contain Insultex®, The lightest and thinnest thermal insulation ever
100% Waterproof and Windproof Breathable Nylon Shell With Insultex® Thermal Insulation.
https://www.idigear.com/

[searay2701]

I am thinking more positive as the days past by, the future has never looked as bright for IVDN. JM4O

[Trooperstocks]

$IVDN Upgraded to an Overall Average 88% BUY OPINION; Seeing a huge boost. Top #OTC #construction #Insulation #insultexhousewrap #premierdistributors
https://barchart.com/stocks/quotes/ivdn/opinion

[Trooperstocks]

$IVDN - Regarding his new role on the Innovative Designs Board of Directors, John Spagnolo Jr. stated: "I am strongly enthusiastic about the sales growth potential of the unique Insultex House Wrap(R) product in the building and remodeling environment that we see before us today. This is the primary reason I have accepted the offer to join the Innovative Designs team at this time. https://finance.yahoo.com/news/innovative-designs-inc-welcomes-experienced-120000473.html

[Trooperstocks]

$IVDN Overall Average 72% BUY OPINION; Seeing a huge boost. Top #OTC #construction #Insulation #insultexhousewrap #premierdistributors
https://www.barchart.com/stocks/quotes/ivdn/opinion

[searay2701]

As of today the OTC IVDN Market Website shows that IVDN is now Pink current.

[ProfitScout]

Outstanding revenue growth taking place for IVDN now and even better than we were expecting. The company's announcement on Dec. 30th projected the year end total would be $1.2 Million. Per today's filing, the total will actually be more than $1.36 Million, a 292% increase over fiscal 2023.
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From the December IVDN news:
The Company's full fiscal year ended on October 31, 2024 and we are currently working to complete this financial report which will present even more rapid sales growth. We can now project a 2024 fiscal year-end total of over $1.2M. After this year-end report is filed, we will hold an investor conference call and shareholder's meeting in the second quarter. Sales growth is also continuing in our fiscal first quarter with the largest backorder for Insultex House Wrap® that the company has ever seen, by far vs. no backlog last year.
Source:
Innovative Designs Inc. Reports Record Sales Results to Shareholders
Dec. 30, 2024
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

[Dickmo]

Did a little quick math with sales numbers provided by OTCMarkets.

2024 Sales (in 000's) $1,363
Q3 278
Q2 300
Q1 65
Q4 Prior Year 124

So that means Q4 current year must be 720. That is freakin' excellent!! We have a long way to go but this is a huge step forward. Congrats to IVDN, company management, and all shareholders who are about to be rewarded. Well done.

[greendolphin11]

Great stuff, pitcook!!

[greendolphin11]

... Stories will be told about...

[pitcook]

As part of the IVDN NT 10-K
Revenues increased from $ 347,763 for the fiscal year ended October 31, 2023, to approximately $1,362,538, for the fiscal year ended October 31, 2024.

Amazing 292% increase in sales!!!! Great job Joseph Riccelli Jr. in ramping up all aspects of production and sales. Can't wait for the full Year End K report, and the future Quarterly Sales reports.

Slowly but surely the Construction Industry is learning about the totally unique properties of the patented INSULTEX material. This disruptive technology once an Architect, Developer, or Contractor learns how the Evacuated Cells creates an Energy Saving vacuum, and additionally saves a lot of money in construction costs, they are sold, and become returning customers.

This amazing growth is basically just from Lumber Yards, and do it yourselfers. Once Mr. Riccelli Jr. gets our product officially updated certified, then all of the National Home Builders will be standing in line, to either buy all of the material we can make for them, or if they are smart join in a bidding war to exclusively license the Insultex, to dominate the Construction Industry.

With the new Govt Building Code requiring a Continuous Insulation, with the R-6 already installed with our House-wrap, with an average R-20 required Building Code, the Insulation companies, like the Pink Panther will be losing around 30% of their business So now imagine how valuable it would be or one of them to control our material! Not only would they be saving the 30% of Insulation sales, but they now would pick up the vast majority of all of the House-wrap business too.

The future opportunities would also be applicable for many other Industries like, Roofers, Clothing, Sleeping Bags, Home Spas, just to name a few.

As far as in just Construction, anyone doing any remodeling or new building and is not using the incredible Insultex House-wrap is doing CONSTRUCTION MALPRACTICE.

The fact that this is such an esoteric company, that at this point so few in the industries know about it. being able to buy the stock for a few nickels and dimes, is really the steal of the century. the stuff that stories will be told about.

[searay2701]

I believe the outstanding shares have increased a bit as reported on the OTC IVDN Website as of today. We should be seeing or hearing something from this company within the next month.

[searay2701]

pitcook, that link for one of those rating companies is Barchart.com. You can also get rating info from Yahoo.com and Investing.com for a couple of just a few.

[pitcook]

Searay can you please provide that link? TIA

[searay2701]

Sorry for the double post.

[searay2701]

Another good sign today of things here currently is, is anyone noticing that a number of the stock rating companies are raising their buy ratings on IVDN recently, today the buy rating on IVDN was raised from it’s rating for the last couple weeks of 56% to 72% today . Rating company’s do not usually keep that close in touch with a lot of penny stocks. 2025 has definitely started off in the right direction with a lot of upward potential building up each day. MOO

[searay2701]

Another good sign today of things here currently is, is anyone noticing that a number of the stock rating companies are raising their buy ratings on IVDN recently, today the buy rating on IVDN was raised from it’s rating for the last couple weeks of 56% to 72% today . Rating company’s do not usually keep that close in touch with a lot of penny stocks. 2025 has definitely started off in the right direction with a lot of upward potential building up each day. MOO

[Trooperstocks]

$IVDN - Welcomes Aboard Mr. Spagnolo, Jr., who has relationships with key contacts at some of the most important companies in the multi-billion-dollar homebuilding and construction industry. https://finance.yahoo.com/news/innovative-designs-inc-welcomes-experienced-120000473.html #Insulation #Homebuilding #Construction #EnergySavings

[ProfitScout]

The new IVDN CEO is also taking measures to significantly increase Insultex House Wrap production as he stated in his December shareholder's letter:
------------------------------------------------------------------------
With the increasing demand for Insultex House Wrap®, one of our top priorities has become increasing new production to maintain a timely order flow. To this end, we have developed new production resources in the last few months which are now able to deliver higher levels of inventory for customers placing rising orders. As demand grows, we have plans for further manufacturing and production. New marketing programs and additional product certifications are also planned.
Source:
https://www.newmediawire.com/news/innovative-designs-inc-reports-record-sales-results-to-shareholders-7078758

[ProfitScout]

IVDN is already experiencing the strongest sales growth in its history and even getting all the orders they can handle with a large backlog right now (as stated in this week's news):
---------------------------------------------------------------------------
Innovative Designs sales for the current 2025 1st quarter, which is still in progress, show a comp increase in excess of 7 times sales in the 1st quarter of 2024. In addition, over a quarter of a million dollars in purchase orders are in the queue to be filled.
Source:
https://www.newmediawire.com/news/innovative-designs-inc-welcomes-experienced-real-estate-developer-with-relations-to-top-homebuilding-names-including-d-r-horton-nvr-ryan-homes-and-more-7079052

[tigerpac]

To see strong growth, the company is going to have to get architects at the home builders to spec in their product. Otherwise it will be a slower, long term slog as home builders are so used to using DuPont Tyvek and Henry Fortifiber which are proven products in their minds.

[Mr Stock pick]

Does someone really buy 100 shares of this for 25$ to drag the price down ? That was our first trade this morning …

[searay2701]

Hopefully, with what has taken place with IVDN recently, we will see, as the future unfolds, the likes of when this stock was much higher years back. GLTA L