Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) is pleased to announce the appointment of Denise L. Devine, CPA, MBA, MST to its Board of Directors as an independent director, effective immediately. Ms. Devine will stand for election at the Company's next annual meeting of shareholders or until her successor is duly elected and qualified or until her earlier, death, disqualification, resignation, or removal. In connection therewith, Ms. Devine was also appointed by the Board to serve on the Audit Committee. With Ms. Devine's appointment, the IS&S Board has been expanded to six directors. Ms. Devine is the founder and, since 2014, has served as the Chief Execut

Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) is pleased to announce the appointment of Major General Garry Dean to its Board of Directors as an independent director, effective immediately. Maj. General Dean will stand for election at the Company's next annual meeting of shareholders or until his successor is duly elected and qualified or until his earlier, death, disqualification, resignation, or removal. With Maj. General Dean's appointment, the IS&S Board has been expanded to five directors. Maj. General Dean retired as the Director of the National Guard Bureau (NGB) Joint Staff in the Pentagon, supporting Army and Air National Guard policy, missions and

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. Askarpour, commenting on the appointment. "His extensive accounting expertise and experience make him the ideal candidate for our next CFO as we continue our focus on long-term value creation for our shareholders. The Board and manage

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 Board." Ms. Olver is currently the Founder and Managing Partner of Panorama Aero, a US-based special mission aerospace lessor and end-to-end logistics provider which she founded in 2018. Ms. Olver also serves as Independent Director and Chair

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 lines and operations further strengthens the Board." Mr. Belland is the Co-Founder and Chief Executive Officer at Integrated Connection, LLC, and a Principal at Clear Rock Advisors. Prior to Clear Rock Advisors, he has held various executive posi

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 of mine for more than 18 years. Since founding IS&S in 1988, Geoff built up a strong and reliable management team to solidify our company for the future." Shahram Askarpour joined IS&S in 2003 as Vice President of Engineering. In March 2

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), a leading provider of advanced avionic solutions for commercial, business aviation and military markets, today reported fiscal second quarter financial results for the three-month period ended March 31, 2025. SECOND QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $21.9 million, +104% Gross profit of $11.3 million; gross margin of 51.4% Net Income of $5.3 million, or $.30 per diluted share Adjusted EBITDA(1) of $7.7 million, +219 % Ratio of net debt to trailing twelve-month Adjusted EBITDA of 1.4x as of March 31, 2025 (1)   Adjusted E

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), today announced that it will release second quarter 2025 results after the market closes on Wednesday, May 14, 2025. A conference call will be held on Thursday, May 15 at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://innovative-ss.com/iss-investor-relations/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minute

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), a leading provider of advanced avionic solutions for commercial, business aviation and military markets, today reported fiscal first quarter financial results for the three-month period ended December 31, 2024. FIRST QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $16.0 million, +71.6% Gross profit of $6.6 million; gross margin of 41.4% Net Income of $0.7 million, or $0.04 per diluted share Adjusted EBITDA(1) of $3.1 million, +24% Ratio of net debt to trailing twelve-month Adjusted EBITDA of 1.8x as of December 31, 2024 (1) A

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), today announced that it will release first quarter 2025 results after the market closes on Thursday, February 13, 2025. A conference call will be held that same day at 5:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://innovative-ss.com/iss-investor-relations/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), a leading provider of advanced avionic solutions for commercial, business aviation and military markets, today reported financial results for the three- and twelve-month periods ended September 30, 2024. FOURTH QUARTER 2024 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $15.4 million, +18.4% over the comparable quarter last year Gross profit of $8.5 million; gross margin of 55.4% Net Income of $3.2 million, or $0.18 per diluted share Adjusted EBITDA(1) of $5.6 million, +16.9% over the comparable quarter last year Ratio of net debt to trailing twelv

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), today announced that it will issue fourth quarter 2024 results after the market closes on Thursday, December 19, 2024. A conference call will be held that same day at 5:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://innovative-ss.com/iss-investor-relations/events-presentations/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site

Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announced it acquired the license for various generations of military Display Generators and Flight Control Computers from Honeywell. The deal includes an exclusive license to manufacture, upgrade, and repair the product line. The agreement also grants IS&S exclusive intellectual property rights and includes the transfer of existing inventory necessary for continued manufacturing and support of the products. This acquisition significantly expands IS&S's capabilities and enhances its presence within the military aviation sector. Following a transition period, IS&S, will be responsible for the activities forme

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), a company specializing in the engineering, manufacturing, and supply of advanced avionic solutions, today reported financial results for the three and nine months ended June 30, 2024. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.innovative-ss.com. THIRD QUARTER 2024 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Net revenue of $11.8 million, +47.8% Gross profit of $6.3 million, +32.6%; gross margin of 53.

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) ("IS&S" or the "Company"), today announced that it will release third quarter 2024 results before the market opens on Friday, August 9, 2024. A conference call will be held that same day at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://innovative-ss.com/iss-investor-relations/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes prior

Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announced its financial results for the second quarter of fiscal 2024, which ended March 31, 2024. For the second quarter of fiscal 2024, IS&S reported net sales of $10.7 million, up 46% from $7.3 million in the second quarter a year ago. The Company reported net income of $1.2 million, or $0.07 per share, compared to net income of $1.3 million, or $0.07 per share, in the second quarter of fiscal 2023. Sales and earnings in the second quarter of 2024 continued to benefit from the product lines acquired from Honeywell International, Inc. ("Honeywell") pursuant to an exclusive license and asset acquisition