Innovative Solutions and Support Inc (OQ:ISSC)

Sector:  Industrials Industry:  Aerospace & Defense
 
See Regulatory Filings on SEC
Company Contact
Address: 720 Pennsylvania Drive
EXTON PA 19341
Tel: 1-610-6469800
Website: https://innovative-ss.com
IR: See website
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Key People
Shahram Askarpour
President, Chief Executive Officer, Director
Relland M. Winand
Interim Chief Financial Officer
Jeffrey DiGiovanni
Chief Financial Officer
Business Overview
Innovative Solutions and Support Inc (IS&S) operates as a systems integrator that designs, develops, manufactures, sells and services air data equipment, engine display systems, standby equipment, primary flight guidance, autothrottles and cockpit display systems for retrofit applications and original equipment manufacturers (OEMs). IS&S supplies integrated Flight Management Systems (FMS), Flat Panel Display Systems (FPDS), FPDS with Autothrottle, air data equipment, Integrated Standby Units (ISU), ISU with Autothrottle and advanced Global Positioning System (GPS) receivers that enable reduced carbon footprint navigation, communication, and navigation products. IS&S offers solutions for the general aviation, commercial air transport, United States Department of Defense (DoD)/governmental and foreign military markets. The Company provides pilots with information to enhance both the safety and efficiency of flying, through its COCKPIT/IP Cockpit Information Portal (CIP) product line.
Financial Overview
For the three months ended 31 December 2023, Innovative Solutions and Support Inc revenues increased 43% to $9.3M. Net income increased 51% to $1.1M. Revenues reflect Engineeringmodification and devel increase of 79% to $657K. Basic Earnings per Share excluding Extraordinary Items increased from $0.04 to $0.06.
Employees: 95 as of Sep 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $137.95M as of Dec 31, 2023
Annual revenue (TTM): $37.60M as of Dec 31, 2023
EBITDA (TTM): $9.21M as of Dec 31, 2023
Net annual income (TTM): $6.39M as of Dec 31, 2023
Free cash flow (TTM): $4.05M as of Dec 31, 2023
Net Debt Last Fiscal Year: $10.14M as of Dec 31, 2023
Shares outstanding: 17,459,983 as of Feb 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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