Innovative Designs Inc (IVDN)

[ProfitScout]

IVDN is having its best year ever in 2025 with record revenues, all long term debt paid off and profitability extending to 4 straight quarters. But management is working hard for much more, especially in a stronger homebuilding market that should be seen with the lowering of interest rates that have now commenced.

From the latest IVDN news:

Joseph A. Riccelli Jr., CEO of Innovative Designs, commented, "We are very encouraged by the continued growth of our customer base and sales results so far, but we have much bigger plans for expansion of our marketing for Insultex House Wrap® in the quarters ahead. One additional factor that we foresee to significantly spur greater sales and earnings growth is the anticipated interest rate cuts from the Federal Reserve. With the start of an interest rate cutting cycle right at this time, there should be a commensurate surge in the homebuilding industry which will mean even more opportunity for our growing Insultex House Wrap® sales programs. We are also moving forward to secure important new product certifications so that more customers can begin using this superior product in projects of all sizes and scopes."
Source: https://www.newmediawire.com/news/innovative-designs-inc-ivdn-reports-120-increase-in-fiscal-q3-sales-vs-previous-year-with-4th-consecutive-quarter-of-profitability-7082725