IVDNOTCMiscellaneous Fabricated Textile ProductsUS GAAP · USD

Innovative Designs Inc

Innovative Designs Inc. develops and sells products made with its proprietary Insultex material, focusing on two lines: house wrap for building construction and cold-weather apparel under the Arctic Armor brand. The company also acts as a distributor of Insultex material in most markets worldwide, while it works toward eventually manufacturing the material itself.

Liikevaihto2,8milj. USD
+100,0 %v/v
Liikevoitto (EBIT)0,5milj. USD
+275,8 %v/v
EBIT-marginaali18,1%
+8,5 %-yks.v/v
Nettotulos0,5milj. USD
+576,6 %v/v
Vapaa kassavirta0,4milj. USD
+312,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−10123milj. USD2020: 0,20 milj. USD2020: EBIT −0,27 milj. USD20202021: 0,23 milj. USD2021: EBIT −0,28 milj. USD20212022: 0,26 milj. USD2022: EBIT −0,55 milj. USD20222023: 0,35 milj. USD2023: EBIT −0,28 milj. USD20232024: 1,4 milj. USD2024: EBIT 0,13 milj. USD20242025: 2,8 milj. USD2025: EBIT 0,50 milj. USD20252,80,50
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
House Wrap65 %

Thermal building wrap sold for construction and insulation applications.

Cold-Weather Apparel30 %

Arctic Armor branded outerwear and gear for cold, wet, and windy conditions.

Insultex Material Distribution5 %

Sale and distribution of the proprietary Insultex foam material to other users.

Asiakkaat

Customers include distributors, retail chain stores, online buyers, and wholesale partners that sell into construction and outdoor recreation channels. The house wrap line serves builders and construction-related buyers, while Arctic Armor targets consumers and retailers in cold-weather and recreational markets. The company also uses sales agencies and distributor representatives in the U.S. and Canada to reach broader retail and wholesale accounts.

Distributors and sales agencies

Buy products for resale across assigned territories and help extend market reach.

Retail chain stores and mass merchandisers

Purchase Arctic Armor and related products for shelf sales to end consumers.

Construction and building-material buyers

Buy house wrap for insulation and thermal performance in building applications.

Online consumers

Buy cold-weather apparel directly through the company’s website and online channels.

Recreational and outdoor users

Buy cold-weather gear for fishing, outdoor work, and winter recreation.

Strategia

Management is focused on expanding sales of House Wrap and Arctic Armor while funding operations through product sales and equity issuance. A longer-term priority is to install and operate equipment to manufacture Insultex internally, which would reduce dependence on external supply and improve control over the proprietary material. The company is also trying to improve manufacturer payment terms and build broader wholesale and retail distribution.

Increase House Wrap salesLyhyt aikaväli

Recent revenue growth was attributed solely to the house wrap line, making it the clearest near-term growth lever.

Secure working capitalLyhyt aikaväli

The company needs cash to buy materials, support operations, and avoid financing strain from supplier terms.

Internalize Insultex productionKeskipitkä aikaväli

Owning production capability could improve supply control and reduce reliance on third parties for the proprietary material.

Broaden distribution channelsKeskipitkä aikaväli

The company relies on a small number of distributors and sales agencies, so wider channel coverage is important for scale.

Maantiede

The company is based in the United States and sells primarily through domestic distributors, online channels, and sales agencies. Its distribution jurisdiction is described as worldwide except Korea and Japan, and it also uses sales agencies in the United States and Canada. The business is therefore exposed to U.S. demand, North American channel execution, and the practical limits of a very small operating footprint.

Riskit

The company faces going-concern and liquidity pressure because it has limited operating funds, depends on external financing, and must manage manufacturer payment timing carefully. It also competes against larger, better-capitalized brands in both house wrap and cold-weather apparel, while seasonal demand and small scale can make results volatile. Execution risk is elevated because the business depends on a proprietary material, a narrow product set, and the successful installation of manufacturing equipment.

Järjestetty vakavuuden mukaan
Going-concern and liquidity shortfallKorkea

The company says it may need additional funds to buy materials and support operations, and it has relied on equity sales to fund cash needs.

KohdistuuWorking capitalSupplier paymentsInventory purchases
Competitive pricing pressureKorkea

Competitors have larger customer bases, stronger brands, and more resources, which can compress margins and limit market share gains.

Kohdistuu: House Wrap and Arctic Armor lines

Manufacturing and supply-chain executionKorkea

The company intends to install and operate equipment for Insultex production, which requires funding, a suitable facility, and technical personnel.

Kohdistuu: Insultex supply availability and cost structure

Seasonality of cold-weather productsKeskitaso

Demand for Arctic Armor and related gear depends on winter conditions and outdoor activity patterns.

Kohdistuu: Apparel sales and quarterly comparability

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on product sales

Revenue is recognized when agreement, fixed fee, and collectability criteria are met, affecting timing of reported sales.

Vaikutus: Quarterly revenue timing and receivables quality

Internal control weakness

Management disclosed ineffective controls and limited financial staff, increasing the risk of misstatements.

Vaikutus: Reliability of reported results and disclosures

Equipment deposits and manufacturing assets

Deposits for Insultex equipment and future installation costs may require capitalization, classification, and possible impairment review.

Vaikutus: Balance sheet assets and future depreciation

Equity financing

Operations have been funded partly by the sale of common stock, which affects dilution and cash flow presentation.

Vaikutus: Share count and financing cash inflows

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.4.2026