Innovative Solutions and Support, Inc., a systems integrator, designs, develops, manufactures, sells, and services flight guidance, auto throttle, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicates the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight management systems that complement the flat panel display system upgrade for commercial air transport aircraft. The company also provides integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications. In addition, it offers digital air data computers that calculate various air data parameters, such as altitude, airspeed, vertical speed, angle of attack, and other information; integrated air data computers and display units, which calculate and convey air data information; altitude displays that convey aircraft altitude measurements; airspeed displays that convey various airspeed measurements; and altitude alerters. Further, the company offers engine and fuel displays that convey information related to fuel and oil levels, and engine activity, including oil and hydraulic pressure and temperature; integrated global navigation systems; ThrustSense, a full regime autothrottle; and utilities management systems. It serves commercial air transport carriers and corporate/general aviation companies, Department of Defense and its commercial contractors, aircraft operators, aircraft modification centers, government agencies, and foreign militaries, as well as original equipment manufacturers. The company was founded in 1988 and is based in Exton, Pennsylvania.
IPO Year: 2000
Exchange: NASDAQ
Website: innovative-ss.com
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Innovative Solutions & Support, Inc.'s (NASDAQ:ISSC) patented ThrustSense® Autothrottle system has been selected by the US Army to be installed on their C-12 (B200) aircraft equipped with ProLine 21 avionics suites. This advanced technology will provide full flight envelope protection, from takeoff to landing, including go-around, enabling pilots to automatically control engine power settings for enhanced safety and efficiency. With a September 2024 contract award, deliveries of the IS&S ThrustSense Autothrottle system are set to begin immediately, with ongoing installations planned. The ThrustSense Autothrottle reduces pilot workload by computing and adjusting power levels automatically,
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 (IS&S) (NASDAQ:ISSC) now offers a FAA certified digital Engine-Indicating and Crew-Alerting System (EICAS) Display System as an enhancement for its B757/B767 Flat Panel Display System (FPDS). This IS&S EICAS Upgrade simplifies the flight deck, resolves ongoing CRT obsolescence issues, reduces weight by an additional 40 pounds, improving fuel savings and power consumption, and is easily installed with minimum downtime due to its design approach. Installations have begun with launch customers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910545856/en/IS&S FPDS with certified EICAS (Photo: Busines
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 (IS&S) (NASDAQ:ISSC) received a multi-million-dollar production order contract to supply its 19" Multifunction Display (MFD) with an Integrated Mission Computer on a Commercial Derivative platform in current use by several Foreign Militaries. Deliveries will begin immediately. The IS&S 19" Multifunction Display is a versatile flat panel display with multi-touchscreen interface for commercial and military aircraft. This display can perform a variety of functions including data integration, displaying primary flight/navigation information, mission planning and execution and mission data display utilizing latest generation integrated processors which power the
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. (NASDAQ:ISSC) ("IS&S" or the "Company"), today announced it has entered into an exclusive license agreement and acquired additional key assets for certain Communication and Navigation product lines from Honeywell International, Inc. ("Honeywell"). This license complements the previous Honeywell license and asset acquisition completed in June 2023. Under the agreement, IS&S will license the exclusive Intellectual Property rights to manufacture, upgrade and repair additional Honeywell Communication and Navigation products. The purchased assets include existing inventory required to manufacture, repair, and upgrade the products. "We are pleased by the o
Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) announced its response to the unsolicited, non-binding indication of interest to make a proposal from Christopher Harborne (the "Non-Binding Indication of Interest"). The Non-Binding Indication of Interest contemplates a transaction in which Mr. Harborne would acquire all of the shares of the Company's common stock not already owned by Mr. Harborne at a price of $7.25 per share in cash. Per its terms, the Non-Binding Indication of Interest is also subject to negotiation, due diligence, execution of definitive agreements, and clearance under applicable antitrust and other laws, among other contingencies. After car
Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today acknowledged its receipt of an unsolicited, non-binding indication of interest to make a proposal from Christopher Harborne (the "Non-Binding Indication of Interest"). The Non-Binding Indication of Interest contemplates a transaction in which Mr. Harborne would acquire all of the shares of the Company's common stock not already owned by Mr. Harborne at a price of $7.25 per share in cash. Per its terms, the Non-Binding Indication of Interest is also subject to negotiation, due diligence, execution of definitive agreements, and clearance under applicable antitrust and other laws, among other contingencies. Cons
Company Presentation to Be Broadcast Live at 3:00PM PDT/6:00PM EDT on May 22, 2024 Innovative Solutions & Support, Inc. (the "Company") (NASDAQ:ISSC) announced that Jeff DiGiovanni, Chief Financial Officer, will be participating in the Singular Research Spring Select Conference that will be held virtually May 22, 2024. The Company presentation will begin at 3:00PM PDT (6:00PM EDT) on May 22, 2024. To register for access, please visit: https://register.gotowebinar.com/register/7935223134977229402 Mr. DiGiovanni will also be available for one-on-one meetings over the course of the conference. Those interested in a meeting with management during the conference should contact Singular Res
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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
Innovative Solutions & Support, Inc. (the "Company") (NASDAQ:ISSC) today announced it will release second quarter of fiscal 2024 financial results on Monday, May 13, 2024 before the market opens. In connection with this announcement, the Company will hold a conference call to discuss its results later that same day at 10:00 a.m. eastern time. This conference call can be accessed by calling domestically 1-844-739-3798 or Internationally 1-412-317-5714. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. The Company will also host a live webcast of this conference call
Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announced its financial results for the first quarter of fiscal 2024, which ended December 31, 2023. For the first quarter of fiscal 2024, IS&S reported net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago. The Company reported net income of $1,057,350, or $0.06 per share, increases of 51% and 50%, respectively, compared to $698,651, or $0.04 per share, in the first quarter of fiscal 2023. Gross profit in the first quarter of 2024 was $5.5 million, or 59.3% of sales, compared to $3.7 million, or 57.1% of sales in the first quarter of 2023. Sales and earnings in the first q
Innovative Solutions & Support, Inc. (the "Company") (NASDAQ:ISSC) announced today that the Company will release results for the first quarter of fiscal 2024 on Wednesday, February 14, 2024 after the market closes. The Company will host a conference call on February 15, 2024 beginning at 10:00 AM ET to discuss the results. Participants may access the call by calling domestically 1-844-739-3798 or Internationally 1-412-317-5714 and requesting to join the Innovative Solutions & Support, Inc. earnings call. A live webcast will be also be available at https://innovative-ss.com/investor-relations/events-presentations/. About Innovative Solutions & Support, Inc. Headquartered in Exton, Pa.,
Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announced its financial results for the fourth quarter and full fiscal year 2023, which ended September 30, 2023. For the fourth quarter of fiscal 2023, IS&S reported net sales of $13 million, up 79% from $7.3 million in the fourth quarter a year ago. The Company reported net income of $2.6 million, or $0.15 per share, increases of 63% and 67%, respectively, compared to $1.6 million, or $0.09 per share, in the fourth quarter of fiscal 2022. Gross profit in the fourth quarter of 2023 was $8.1 million, or 62% of sales, compared to $4.5 million, also 62% of sales in the fourth quarter of 2022. The increase
Innovative Solutions & Support, Inc. (the "Company") (NASDAQ:ISSC) announced today that the Company will release results for the fourth quarter and full year fiscal 2023 on Wednesday, December 20, 2023 after the market closes. The Company will host a conference call on December 21, 2023 beginning at 10:00 AM ET to discuss the results. Participants may access the call by calling domestically 1-844-739-3798 or Internationally 1-412-317-5714 and requesting to join the Innovative Solutions & Support, Inc. earnings call. A live webcast will be also be available at https://innovative-ss.com/investor-relations/events-presentations/. About Innovative Solutions & Support, Inc. Headquartered in
Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announced its financial results for the third quarter of fiscal year 2023, which ended June 30, 2023. For the third quarter of fiscal 2023, net sales increased 14.8% to $8.0 million compared to $6.9 million in the third quarter a year ago. Gross profit in the third quarter of 2023 was $4.7 million, or 59.5% of sales, compared to $4.1 million, or 58.5% of sales in the third quarter of 2022. The Company reported net income of $1.4 million, or $0.08 per share in the third quarter, which was flat to prior year third quarter. The net income reflects an increase in sales at a relatively consistent gross profit, w
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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
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Gainers iPower (NASDAQ:IPW) shares rose 34.2% to $2.0 during Monday's regular session. The market value of their outstanding shares is at $59.6 million. Innovative Solns (NASDAQ:ISSC) shares moved upwards by 27.85% to $6.38. The market value of their outstanding shares is at $111.6 million. Singularity Future Tech (NASDAQ:SGLY) shares moved upwards by 26.35% to $4.68. The company's market cap stands at $16.3 million. Erayak Power Solution Gr (NASDAQ:RAYA) shares moved upwards by 22.85% to $0.99. The company's market cap stands at $29.7 million. Ryde Group (AMEX:RYDE) shares rose 20.18% to $10.66. The company's market cap stands at $206.6 million. ClearSign Technologies (NASDAQ:CLIR) sh
Gainers Innovative Solns (NASDAQ:ISSC) stock increased by 23.4% to $6.16 during Monday's pre-market session. The company's market cap stands at $107.7 million. Tigo Energy (NASDAQ:TYGO) stock moved upwards by 15.36% to $1.5. The market value of their outstanding shares is at $90.5 million. Volato Group (AMEX:SOAR) stock rose 12.89% to $1.55. The company's market cap stands at $45.2 million. JE Cleantech Hldgs (NASDAQ:JCSE) shares increased by 11.39% to $0.78. The market value of their outstanding shares is at $3.9 million. Nuburu (AMEX:BURU) stock increased by 10.95% to $0.15. The market value of their outstanding shares is at $5.9 million. Azul (NYSE:AZUL) stock increased by 9.7% to $
Shares of NetEase, Inc. (NASDAQ:NTES) fell during Friday's session after the company reported worse-than-expected first-quarter revenue. NetEase reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player’s adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79, according to data from Benzinga Pro. NetEase shares declined 4% to $91.02 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Akanda Corp. (NASDAQ:AKAN) shares climbed 101% to $4.81. The international medical cannabis company implemented
Gainers Nuburu (AMEX:BURU) shares rose 29.3% to $0.18 during Friday's regular session. The company's market cap stands at $6.9 million. Innovative Solns (NASDAQ:ISSC) shares increased by 29.26% to $6.45. The company's market cap stands at $112.8 million. iPower (NASDAQ:IPW) shares increased by 25.5% to $1.87. The market value of their outstanding shares is at $55.7 million. Ryde Group (AMEX:RYDE) shares rose 18.29% to $10.49. The company's market cap stands at $203.3 million. SOS (NYSE:SOS) stock moved upwards by 13.93% to $0.96. The company's market cap stands at $11.7 million. Solidion Technology (NASDAQ:STI) stock rose 13.83% to $2.35. The company's market cap stands at $203.7 milli
Innovative Solutions (NASDAQ:ISSC) reported quarterly earnings of $0.07 per share. This is unchanged from the same period last year. The company reported $10.74 million in sales this quarter. This is a 46.31 percent increase over sales of $7.34 million the same period last year.
Jeffrey DiGiovanni brings extensive Public Company CFO experience to the CompanyInnovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announces that it has appointed Jeffrey DiGiovanni to the position of Chief Financial Officer, effective as of April 8, 2024."I am pleased to have someone with Jeff's background and accomplishments joining IS&S at this very exciting time in our growth," said Dr. Shahram Askarpour, the Company's Chief Executive Officer, commenting on the appointment. "Jeff is a seasoned public company CFO with experience in SEC filings, financial reporting and acquisitions, as well as capital markets interaction. In addition, his experience consulti
Innovative Solns (NASDAQ:ISSC) reported quarterly earnings of $0.06 per share. This is a 50 percent increase over earnings of $0.04 per share from the same period last year. The company reported $9.31 million in sales this quarter. This is a 42.85 percent increase over sales of $6.52 million the same period last year.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion. • CAE (NYSE:CAE) is estimated to report quarterly earnings at $0.18 per share on revenue of $819.57 million. • CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.42 per share on revenue of $6.66 billion. • Great Lakes Dredge & Dock (NASDAQ:GLDD) is estimated to report quarterly earnings at $0.10 per share on revenue of $183.47 million. • Louisiana-Pacific (NYSE:LPX) is likely to report quarterly earnings at $0.55 per share on revenue of $619.97 million. • Martin Marietta Materials (NYSE:MLM) is projected to repor
As of Dec. 21, 2023, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Innovative Solutions and Support, Inc. (NASDAQ:ISSC) On Dec. 20, the company posted better-than-e