Innovative Solutions and Support

Innovative Solutions & Support, Inc. manufactures flight navigation systems. It designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. It supplies integrated flight management systems, flat panel display systems, integrated standby units and advanced global positioning system receivers that enable reduced carbon footprint navigation. The company was founded by Geoffrey S. M. Hedrick on February 12, 1988 and is headquartered in Exton, PA.

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Earnings data Q4 2024

ISSC reports solid Q1 results, eyes growth through certifications and R&D

ISSC's Q1 2023 performance reflects revenue growth, margin stability, and strategic investments in product development and R&D, positioning the company for future growth.
With a focus on innovation, market expansion, and operational efficiency, ISSC aims to strengthen its competitive position and drive sustainable value creation for stakeholders.
Despite challenges in margin management and integration, ISSC's strong financial position, product portfolio enhancements, and growth strategies offer promising opportunities for long-term success.

ISSC reports Q2 growth, eyes acquisitions for margin expansion

ISSC reported a solid performance in Q2 2023 with increased net sales and expanded gross margin.
While facing challenges from higher expenses, the company is focused on maximizing margin potential and pursuing strategic acquisitions.
Strong backlog and new orders highlight growth opportunities for ISSC, especially in aftermarket products and potential platform expansions.
Balancing investments in growth with maintaining profitability will be crucial for ISSC's future success.

ISSC reports robust Q3 results, eyes growth through acquisitions

ISSC's Q3 2023 performance showcased revenue growth, margin improvement, and successful integration of acquired product lines, positioning the company for future growth.
While facing challenges in margin maintenance and cash flow management, ISSC's strategic focus on acquisitions and R&D presents opportunities for long-term growth.
Overall, ISSC's strong financial results, focus on innovation, and strategic acquisitions highlight a promising outlook for the company's future.

ISSC posts strong Q4 results, eyes growth through innovation and acquisitions

Innovative Solutions and Support (ISSC) delivered impressive financial results for Q4 2023, driven by revenue and net income growth. While facing short-term integration challenges with Honeywell products, the company's strategic focus on innovation and acquisitions sets the stage for sustained growth and enhanced product offerings.

Innovative Solutions and Support (ISSC) reports robust Q1 performance

ISSC delivered strong financial performance in Q1 2024, marked by significant revenue and net income growth, improved margins, and effective debt reduction.
Despite challenges in material costs and overhead absorption, the company demonstrated resilience through strategic investments in R&D, sales, and marketing.
Opportunities lie in leveraging recent acquisitions, enhancing product development, and expanding market reach to drive future growth and profitability.
Overall, ISSC's performance reflects a balance of strengths, challenges, and opportunities, underlining a positive trajectory with a focus on sustainable growth and shareholder value.

ISSC reports robust revenue growth and integration progress in Q2

ISSC's Q2 2024 performance showed strong revenue growth and progress in post-acquisition integration, despite challenges in margins and operations.
The company's strategic focus on innovation, expansion, and financial discipline positions it well for future growth and market opportunities.
Addressing operational challenges and optimizing revenue mix will be key for ISSC to sustain growth and capitalize on its strengths.

ISSC reports strong Q3 growth, eyes expansion in aviation markets

Innovative Solutions and Support (ISSC) delivered robust financial results in Q3 2024, driven by revenue growth, strategic acquisitions, and new contract wins. The company's focus on integrating Honeywell products, expanding maintenance services, and pursuing growth opportunities underscores its commitment to long-term success. While facing challenges in margin management and growth sustainability, ISSC remains well-positioned to leverage its strengths and capitalize on market opportunities.

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Innovative Solutions & Support, Inc. engages in the manufacture of flight navigation systems. It designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. It supplies integrated flight management systems, flat panel display systems, integrated standby units, and global positioning system receivers. The company was founded by Geoffrey S. M. Hedrick on February 12, 1988 and is headquartered in Exton, PA.

Innovative Solutions and Support, Inc. (NASDAQ:ISSC ) Q3 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Shahram Askarpour - Chief Executive Officer Mike Linacre - Chief Financial Officer Conference Call Participants John Moran - Robotti & Co. David Campbell - Thompson Davis & Company Craig Rose - Axiom Operator Good morning and welcome to the Innovative Solutions & Support Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Innovative Solutions and Support, Inc. (ISSC) CEO Shahram Askarpour on Q3 2022 Results - Earnings Call Transcript

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ: ISSC) today announced its financial results for the third quarter and first nine months of fiscal year 2022, ending June 30, 2022. For the third quarter of fiscal 2022, the Company reported net sales of $6.9 million, up from 12% from $6.2 million reported for the third quarter of fiscal 2021. Net income for the third quarter of fiscal 2022 was $1.4 million, or $0.08 per share, compared t

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2022 Revenues and Earnings

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the third quarter 2022 (period ended June 30, 2022) on Wednesday, August 10, 2022, after the market closes. The Company will host a conference call the next day, Thursday, August 11, 2022, at 10:00 AM Eastern time, to discuss these results. Please use the following dial in number to register your name and company affiliation for the conference call: 1-84

Innovative Solutions & Support Announces Third Quarter 2022 Earnings Conference Call

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces the retirement of Relland M. Winand as the Company's Chief Financial Officer, effective July 15, 2022, and that Dr. Shahram Askarpour, the Company's Chief Executive Officer, has appointed, and the Board of Directors has approved the appointment of, Michael Linacre as the Company's new Chief Financial Officer following Mr. Winand's retirement. “We are excited to welcome Mike to IS&S,” said Dr

Innovative Solutions & Support, Inc. Announces Appointment of Michael Linacre as Chief Financial Officer and Retirement of Relland M. Winand

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S”) (NASDAQ: ISSC) today announces that the Board of Directors has appointed Ms. Parizad Olver (Parchi) to serve as a Director. Dr. Shahram Askarpour, the Company's Chief Executive Officer, commented: “We are very excited to have Parizad join the Board of Directors. Her background in aviation finance as well as her experience with special mission operations will be an asset to IS&S and further strengthens the Boa

Innovative Solutions & Support, Inc. Appoints Parizad Olver to Board of Directors

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S”) (NASDAQ: ISSC) today announces that the Board of Directors has appointed Mr. Stephen L. Belland to serve as a Director. Dr. Shahram Askarpour, the Company's Chief Executive Officer, commented: “We are very excited to have Steve join the Board of Directors. His leadership and experience of over 37 years in the Aerospace and Defense industry will be an asset to IS&S. Steve's familiarity with IS&S product li

Innovative Solutions & Support, Inc. Appoints Steve Belland to Board of Directors

Innovative Solutions & Support, Inc. (NASDAQ:ISSC ) Q2 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Shahram Askarpour – Chief Executive Officer Rell Winand – Chief Financial Officer Conference Call Participants David Campbell – Thompson Davis & Co. Michael Friedrich – Private Investor Roger Goldman – Private Investor Operator Good day, and welcome to the Innovative Solutions & Support Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Innovative Solutions & Support's (ISSC) CEO Shahram Askarpour on Q2 2022 Results - Earnings Call Transcript

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the second quarter and first six months of fiscal year 2022, which ended March 31, 2022. For the second quarter of fiscal 2022, the Company reported net sales of $6.8 million, up 34% as compared to $5.1 million in the second quarter a year ago. The Company reported a 135% increase in net income to $1.4 million, or $0.08 per share, compared

Innovative Solutions & Support, Inc. Announces Significant Increase in Second Quarter Fiscal 2022 Revenues and Earnings

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the second quarter 2022 (period ended March 31, 2022) on Wednesday, May 11, 2022, after the market closes. The Company will host a conference call the next day, Thursday, May 12, 2022, at 10:00 AM Eastern time, to discuss these results. Please use the following dial in number to register your name and company affiliation for the conference call: 1-877-27

Innovative Solutions & Support Announces Second Quarter 2022 Earnings Conference Call

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Winston J. Churchill as the Company's new independent Chairman of the Board. Mr. Churchill has served on the Board of the Company since 1990, and currently serves as the Chair of the Company's Investment Committee and as a member of the Company's Audit Committee and Nominating & Corporate Governance Committee. “I am excited to continue working with W

Innovative Solutions & Support, Inc. Announces Winston J. Churchill as New Independent Chairman of the Board

Innovative Solutions and Support, Inc. (ISSC) CEO Shahram Askarpour on Q1 2022 Results - Earnings Call Transcript

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal year 2022, which ended December 31, 2021. For the first quarter of fiscal 2022, the Company reported net sales of $6.7 million, up 38% as compared to $4.9 million in the first quarter a year ago. The Company reported a 372% increase in net income to $1.1 million, or $0.07 per share, compared the first quarter of

Innovative Solutions & Support, Inc. Announces Significant Increase in First Quarter Fiscal 2022 Revenues and Earnings

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the first quarter 2022 (period ended December 31, 2021) on Wednesday, February 9, 2022, after the market closes. The Company will host a conference call the next day, Thursday, February 10, 2022, at 10:00 AM Eastern time, to discuss these results. Please use the following dial in number to register your name and company affiliation for the conference cal

Innovative Solutions & Support Announces First Quarter 2022 Earnings Conference Call

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Company's President, to the role of Chief Executive Officer. Dr. Askarpour's appointment follows yesterday's announcement of the untimely passing of former IS&S Chairman and CEO Geoffrey S. M. Hedrick. Dr. Askarpour commented: “We are deeply saddened by the sudden loss of Geoff Hedrick, who has been a friend and colleague o

Innovative Solutions & Support, Inc. Appoints Shahram Askarpour as Chief Executive Officer

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today issued the following statement: “It is with great sadness that we announce that Geoffrey S. M. Hedrick, our founder, Chairman of the Board and Chief Executive Officer, has passed away due to complications from a sudden illness. The entire IS&S family mourns this tragic loss. He will be sorely missed.” Glen R. Bressner, the Vice Chairman of the Board of Directors of IS&S, added: “On behalf of our B

Innovative Solutions & Support, Inc. Mourns Death of Chairman & CEO Geoff Hedrick

Innovative Solutions and Support, Inc. (ISSC) CEO Geoffrey Hedrick on Q4 2021 Results - Earnings Call Transcript

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year 2021 ended September 30, 2021. For the fourth quarter of fiscal 2021, the Company reported net sales of $6.9 million up over 9% as compared to $6.3 million in the fourth quarter a year ago. The Company reported net income of $1.5 million, or $0.09 per share, an increase of 23% compared to $1.2 million

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the fourth quarter 2021 (period ended September 30, 2021) on Wednesday, December 8, 2021 after the market closes. The Company will host a conference call the next day, Thursday, December 9, 2021 at 10:00 AM Eastern time, to discuss these results. Please use the following dial in number to register your name and company affiliation for the conference call

Innovative Solutions & Support Announces the Release Date of Fourth Quarter and Fiscal Year 2021 Earnings and Conference Call Information

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support (IS&S) (NASDAQ: ISSC) is pleased to announce it is taking orders for the ThrustSense® Autothrottle system with LifeGuard™ Protection for King Airs with immediate deliveries and CJ series aircraft outfitted with Pro Line 21, Pro Line Fusion, and Garmin avionics for delivery in early 2022. The ThrustSense Autothrottle now features a configuration adaptor that will allow an operator the option to purchase the system for their curr

IS&S ThrustSense® Autothrottle Deliveries for CJ Series Aircraft in Calendar Year 2022 and King Air Calendar Year 2021

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc.(IS&S) (NASDAQ: ISSC) has been awarded European Union Aviation Safety Agency (EASA) and Transport Canada Civil Aviation (TCCA) Supplemental Type Certification (STC) for its ThrustSense® Full Regime Autothrottle for King Air. European Union and Canadian acceptance marks over forty countries outside of the US to approve of IS&S's revolutionary auto-throttle technology, joining Australia, Argentina, Brazil, China, Mexico,

IS&S ThrustSense® Full Regime Autothrottle Continues to Add Global Certifications

Innovative Solutions & Support, Inc. (ISSC) CEO Geoffrey Hedrick on Q3 2021 Results - Earnings Call Transcript

Call Now Scheduled for 11:00AM EDT on August 12, 2021 Call Now Scheduled for 11:00AM EDT on August 12, 2021

Innovative Solutions & Support Announces New Time for Third Quarter 2021 Earnings Conference Call

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2021, ended June 30, 2021. For the third quarter of fiscal 2021, the Company reported net sales of $6.2 million up 3% from the third quarter a year ago. The Company reported net income of $2.7 million, or $0.16 per share, which includes a $1.5 million tax benefit from the release of the deferred tax valuation all

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2021 Financial Results

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the third quarter 2021 (period ended June 30, 2021) on Wednesday, August 11, 2021, after the market closes. The Company will host a conference call the next day, Thursday, August 12, 2021, at 10:00 AM Eastern time, to discuss these results. Please use the following dial in number to register your name and company affiliation for the conference call: 1-87

Innovative Solutions & Support Announces Third Quarter 2021 Earnings Conference Call

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (IS&S) (NASDAQ: ISSC) announced today that it is raising delivery rates on its Utilities Management System (UMS) for the Pilatus PC-24 Super Versatile Jet to support rising demand for the aircraft. IS&S's UMS is standard equipment on every production PC-24. “We offer Pilatus congratulations on the success of their remarkable PC-24, the world's first Super Versatile Jet”, IS&S commented. The IS&S Utilities Mana

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