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Stock impact report

Innovative Solutions & Support Reports Fourth Quarter and Full-Year 2024 Results

Innovative Solutions and Support, Inc. (ISSC) 
US:NASDAQ Investor Relations: innovative-ss.com/investor-relations
Company Research Source: Business Wire
EXTON, Pa.--(BUSINESS WIRE)--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 yearGross profit of $8.5 million; gross margin of 55.4%Net Income of $3.2 million, or $0.18 per diluted shareAdjusted EBITDA(1) of $5.6 million, +16.9% over the comparable quarter last yearRatio of net debt to trailing twelve-month Adjusted EBITDA of 2.0x as of September 30, 2024FULL YEAR 2024 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Net revenue of $47.2 million, +35.6% over the prior yearGross profit of $25.9 million; gross margin of 54.9%Net Income of $7.0 million, or $0 Show less Read more
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