Welcome to our dedicated page for Innovative Sol news (Ticker: ISSC), a resource for investors and traders seeking the latest updates and insights on Innovative Sol stock.
Innovative Solutions & Support, Inc. (Nasdaq: ISSC), doing business as Innovative Aerosystems, regularly issues news and updates related to its role as a provider of advanced avionic solutions for commercial, business aviation and military markets. Headquartered in Exton, Pennsylvania, the company reports on developments in its engineering, manufacturing and supply of avionics for both airframe manufacturers and aftermarket services serving fixed-wing and rotorcraft fleets.
News for ISSC often centers on quarterly and annual financial results, where the company discusses trends in net revenue, gross profit, net income and non-GAAP metrics such as EBITDA and Adjusted EBITDA. These releases typically provide commentary from management on performance drivers, including contributions from specific product lines, military programs and air transport markets, as well as updates on order activity and backlog across platforms like Pilatus PC-24, Textron King Air, Boeing T-7 Red Hawk, Boeing KC-46A and Lockheed Martin F-16.
Investors can also find announcements about strategic initiatives, such as the rebranding to Innovative Aerosystems, expansion of the Exton manufacturing facility, integration of acquired Honeywell military product lines and the implementation of enterprise systems to support scaling the business. Capital structure and liquidity updates, including the entry into a committed credit agreement led by JPMorgan Chase Bank, N.A., are communicated through press releases and related SEC filings.
Governance and corporate developments appear in the news flow as well, including board appointments and information about investor conference participation and scheduled earnings calls. For followers of ISSC stock, the news stream offers insight into the company’s operational progress, program participation, capital resources and strategic priorities over time.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) CEO Shahram Askarpour and CFO Mike Linacre will engage in a fireside chat at the Shareholder Equity Conference on January 23, 2023, at 11:00 am ET. This interactive session aims to provide retail investors with direct access to management for questions and insights.
The event will be webcast live, accessible here, with a replay available for one year post-event. ISSC specializes in flight guidance and cockpit display systems.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced that CEO Shahram Askarpour and CFO Mike Linacre will present at the Sidoti Micro-Cap Conference on January 18, 2023, at 10:00am EST. Investors can engage in one-on-one meetings by contacting their Sidoti sales representative. A live webcast of the presentation will be available, and a replay will be accessible for 90 days on the ISSC website. Founded in Exton, PA, ISSC specializes in flight guidance and cockpit display systems for OEMs and retrofit applications.
Innovative Solutions & Support (ISSC) has received Federal Aviation Administration (FAA) Supplemental Type Certification (STC) for its ThrustSense® Autothrottle on Beechcraft King Air 200 and 300 models equipped with G1000 and NXi flight decks. This certification allows ThrustSense to be installed on all certified glass cockpit systems for the King Air. ThrustSense enhances safety and reduces pilot workload by automatically controlling engine output. It is globally certified in 40 countries and is the first certified autothrottle for the King Air B200 and B300.
Innovative Solutions & Support (ISSC) reported fourth quarter fiscal 2022 results, showing net sales of $7.3 million, a 5.7% increase from $6.9 million the previous year. Net income rose 2.9% to $1.6 million, or $0.09 per share. For the full fiscal year, total sales reached $27.7 million, up 20.4%, with net income of $5.5 million, or $0.32 per share. The company’s cash on hand increased to $17.3 million, while new orders totaled approximately $6.5 million. Despite increased administrative expenses, the firm maintains strong financial flexibility with no debt.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) will announce its Q4 and fiscal year 2022 results on December 14, 2022, after market close. A conference call is set for the same day at 4:30 pm ET to discuss the results. Participants can join the call by dialing 1-877-451-6152 or 1-201-389-0879. A live webcast will also be available. A replay can be accessed after the call until December 28, 2022. The Company specializes in designing flight guidance systems for OEMs and retrofit applications.
Innovative Solutions and Support, Inc. (NASDAQ: ISSC) announced a stockholder rights plan to protect investor interests by distributing one preferred share purchase right for each common share. This plan aims to prevent any single entity from gaining control without a control premium, ensuring fair treatment of all stockholders. The rights become exercisable if a person acquires 15% or more of common stock, allowing them to purchase shares at a 50% discount. The rights expire 12 months after issuance, and the plan does not deter fair offers. Dividend distribution is scheduled for September 27, 2022.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) reported third-quarter results ending June 30, 2022, with net sales of $6.9 million, a 12% increase from the previous year. Net income fell to $1.4 million ($0.08 per share) from $2.7 million ($0.16 per share) due to a prior tax benefit. Operating income rose 41% to $1.7 million. The firm added experienced board members and a new CFO. For the nine months, sales increased 26.6% to $20.5 million, with net income of $3.9 million ($0.23 per share).
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) is set to release its third quarter 2022 results on August 10, 2022, after market close. A conference call will be held on August 11, 2022, at 10:00 AM ET to discuss these results. The call can be accessed via telephone at 1-844-739-3798 or online at the company’s Investor Relations page. Innovative Solutions & Support specializes in designing and manufacturing flight guidance and cockpit display systems, contributing to precision navigation with low carbon footprint.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announces the retirement of Chief Financial Officer Relland M. Winand, effective July 15, 2022. Dr. Shahram Askarpour, the Company’s CEO, expressed excitement over the appointment of Michael Linacre as the new CFO, highlighting his extensive accounting expertise. Winand, who served since December 2014, was recognized for his significant contributions to the company’s success. Linacre's prior experience includes CFO roles at Sysco Albany and Crisafulli Bros., showcasing a strong financial background.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) has appointed Ms. Parizad Olver to its Board of Directors. With a strong background in aviation finance and special mission operations, Ms. Olver's experience is expected to benefit the company. She is the Founder of Panorama Aero and has held leadership roles at Cowen Inc. and Fortress Investment Group. CEO Shahram Askarpour expressed excitement about her joining the board, emphasizing the added strength her expertise brings to ISSC.
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