Innovative Solutions & Support Reports Third Quarter 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 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 53.4%Net Income of $1.6 million, or $0.09 per diluted share; Adjusted Net Income(1) of $1.9 million, or $0.11 per diluted shareAdjusted EBITDA(2) of $3.1 million, +61%Year-to-date free cash flow(3) of $4.8 million, up from $0.8 millionNet leverage of 0.8x as of June 30, 2024(1)Adj
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News
- IS&S Gains FAA Approval for a Digital Engine-Indicating and Crew-Alerting System (EICAS) for Its Flat Panel Display System (FPDS)Business Wire
- Innovative Solutions and Support, Inc. (NASDAQ: ISSC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Innovative Solution And Support Stock: Growth And Margin Expansion Potential [Seeking Alpha]Seeking Alpha
- Innovative Solutions and Support, Inc. (NASDAQ: ISSC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Innovative Solutions and Support, Inc. (ISSC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
ISSC
Sec Filings
- 9/12/24 - Form 8-K
- 9/10/24 - Form 8-K
- 8/19/24 - Form SC
- ISSC's page on the SEC website