Innovative Composites International Inc. reported earnings results for the second quarter ended March 31, 2012. For the quarter, the company reported revenue of $1.0 million. On a quarter-over-quarter basis, revenue increased by $135,764 from $906,940 in the first fiscal quarter of 2012. The increase in revenue for the period was a result of the beginning of market acceptance for ICI's non-housing industrial products as the Company transitioned from a development stage company to a commercially operational company during the fiscal year. Cash flow used in operating activities for the second quarter fiscal 2012 were $1.9 million. The company appointed Sam Greiss as Chief Financial Officer.