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Innovative Solutions And Support Inc - ISSC STOCK NEWS

Welcome to our dedicated news page for Innovative Solutions And Support (Ticker: ISSC), a resource for investors and traders seeking the latest updates and insights on Innovative Solutions And Support.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Innovative Solutions And Support's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Innovative Solutions And Support's position in the market.

Rhea-AI Summary
Innovative Solutions & Support, Inc. (ISSC) appoints Jeffrey DiGiovanni as Chief Financial Officer, bringing extensive public company CFO experience. DiGiovanni's background includes SEC filings, financial reporting, acquisitions, and capital markets interaction, enhancing IS&S's growth strategy. His appointment signifies a positive step towards improving financial and operational performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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Rhea-AI Summary
Innovative Solutions & Support, Inc. (ISSC) announced strong financial results for the first quarter of fiscal 2024, with net sales up 43% to $9.3 million and net income increasing by 51% to $1,057,350. Gross profit was $5.5 million, reflecting a 59.3% margin. The integration of product lines acquired from Honeywell is progressing well, contributing to revenue growth. Cash flow from operations was $4.2 million, with new orders at $10.4 million and backlog at $14.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
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Rhea-AI Summary
Innovative Solutions & Support, Inc. (ISSC) will release its first-quarter fiscal 2024 results on February 14, 2024, followed by a conference call on February 15, 2024. The earnings call can be accessed via phone or a live webcast on the company's website.
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Rhea-AI Sentiment
End-of-Day
-1.47%
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Rhea-AI Summary
Innovative Solutions & Support, Inc. (ISSC) reported strong financial results for Q4 and full fiscal year 2023, with net sales of $13 million, up 79% from the previous year's Q4. The company reported net income of $2.6 million, or $0.15 per share, marking a 63% and 67% increase, respectively. The increase in sales and earnings is primarily due to the addition of product lines acquired from Honeywell International, Inc. The company expects annualized revenues to increase by approximately 40% from pre-acquisition levels once operations have been fully integrated in fiscal 2024. The company also generated $2.1 million of cash flow from operations in fiscal 2023 and had $3.1 million of cash on hand as of September 30, 2023, which has increased to over $8 million as of December 19, 2023. New orders in Q4 were approximately $12.7 million, with backlog as of September 30, 2023, at $13.5 million. Total revenues for fiscal 2023 were $34.8 million, up 26% from fiscal 2022, with a net income of $6.0 million, or $0.35 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
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Rhea-AI Summary
Innovative Solutions & Support, Inc. (ISSC) will release Q4 and full year fiscal 2023 results on December 20, 2023, followed by a conference call on December 21, 2023. The call will discuss the financial performance and can be accessed via phone or webcast.
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Rhea-AI Summary
Innovative Solutions & Support (NASDAQ: ISSC) will be presenting at the 16th annual Main Event on October 3rd at 9:00AM PT. The company will discuss recent performance, growth strategy, and anticipated significant increase in revenues and profitability from recent acquisitions.
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-0.4%
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conferences
Rhea-AI Summary
Innovative Solutions & Support, Inc. to present at H.C. Wainwright Global Investment Conference on September 13, 2023.
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Rhea-AI Sentiment
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-0.26%
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Rhea-AI Summary
Innovative Solutions & Support, Inc. will participate in the 29th Annual Gabelli Aerospace & Defense Symposium on September 7, 2023.
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0.87%
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-1.23%
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1.98%
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Innovative Solutions And Support Inc

Nasdaq:ISSC

ISSC Rankings

ISSC Stock Data

117.51M
9.67M
38.77%
28.91%
0.12%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
Link
United States
Exton

About ISSC

innovative solutions & support (is&s) transforms leading edge technologies into sophisticated, cost-effective solutions for the commercial air transport, military, and business aviation markets. advanced functionality, enhanced situational awareness, reduced pilot workload, and improved safety are just some of the benefits found in our innovative solutions. our offerings include flat panel display systems, flight information computers, engine and fuel instrumentation, class 3 e-charts, and rvsm solutions to measure and display air data. we are committed to developing and supplying the highest quality avionics.