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Innovative Solutions & Support - ISSC STOCK NEWS

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

Innovative Solutions & Support (ISSC) is at the forefront of designing and manufacturing advanced avionics systems tailored for the commercial air transport, military, and business aviation markets. Our innovative technological solutions are crafted to enhance situational awareness, reduce pilot workload, and improve flight safety, thereby offering substantial benefits to the aviation industry.

Our extensive product portfolio includes Flat Panel Display Systems, Flight Information Computers, Engine and Fuel Instrumentation, Class 3 E-Charts, and RVSM solutions. Each product is meticulously developed to meet the high standards of the aviation sector, ensuring reliability and efficiency.

We take pride in delivering integrated systems such as Flight Management Systems, Integrated Standby Units, and Advanced Global Positioning System receivers. These systems not only elevate the operational capacity of aircraft but also contribute to more sustainable aviation practices by enabling reduced carbon footprint navigation.

One of our key innovations is the Autothrottle system, designed to automate engine power settings, thereby minimizing pilot workload and enhancing flight safety. This system is particularly beneficial in high-demand flight scenarios, ensuring precision and reliability.

Our products serve both the OEM (Original Equipment Manufacturer) and retrofit markets. This dual approach allows us to cater to new aircraft constructions and upgrading existing fleets, ensuring broad applicability and market reach.

Recent achievements and current projects showcase our commitment to pushing the boundaries of aviation technology. Our continuous efforts in research and development are aimed at addressing the evolving needs of the aviation industry, maintaining our position as a trusted provider of high-quality avionics.

Financially, Innovative Solutions & Support remains robust, driven by steady demand for our products and services. Our strategic partnerships and consistent product innovations underscore our capability to thrive in a competitive market landscape.

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Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced the passing of its founder and CEO, Geoffrey S. M. Hedrick, due to complications from a sudden illness. The company, headquartered in Exton, PA, mourns the loss of a key leader who contributed significantly to the avionics industry and held nearly 100 patents. Glen R. Bressner, Vice Chairman of the Board, expressed condolences to Mr. Hedrick's family, highlighting his creativity and leadership. The company designs and manufactures advanced flight guidance systems for OEMs and retrofit applications.

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Innovative Solutions & Support, Inc. (NASDAQ: ISSC) reported a strong financial performance for Q4 and FY 2021, with net sales of $6.9 million, a 9% increase from $6.3 million in Q4 2020. Net income rose 23% to $1.5 million or $0.09 per share. For the full year, sales reached $23.0 million, up 6.7% from $21.6 million, with net income of $5.1 million ($0.29/share). The company achieved significant financial health, with cash on hand of $8.3 million and no debt. EASA and TCCA certifications for ThrustSense® technology expanded their market reach, supporting future growth.

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Innovative Solutions & Support, Inc. (NASDAQ: ISSC) is set to release its fourth quarter 2021 results on December 8, 2021, after market closure. A conference call to discuss these results will follow on December 9, 2021, at 10:00 AM Eastern time. Investors can participate by calling 1-877-270-2148 and the call will also be streamed live on the Company's Investor Relations page. The company specializes in flight guidance and cockpit display systems for OEMs and retrofit applications.

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Innovative Solutions & Support (NASDAQ: ISSC) has commenced orders for its ThrustSense® Autothrottle system, featuring LifeGuard™ Protection, for King Airs and CJ series aircraft. Immediate deliveries are available for King Airs, while those with Pro Line 21, Pro Line Fusion, and Garmin avionics will see deliveries in early 2022. This full regime autothrottle system enhances safety by managing engine power during all flight phases, reducing pilot workload and eliminating risks associated with low-and-slow challenges. The system is standard for King Air® 260 and 360 models and retrofit-capable for others.

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Innovative Solutions & Support, Inc. (ISSC) has received Supplemental Type Certification (STC) from the European Union Aviation Safety Agency (EASA) and Transport Canada Civil Aviation (TCCA) for its ThrustSense® Full Regime Autothrottle system for King Air aircraft. This certification opens doors for acceptance in over 40 countries, complementing existing approvals from places like Australia, Brazil, and China. The ThrustSense system enhances pilot safety and reduces workload during critical flight phases, with unique features such as LifeGuard™ Protection.

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Innovative Solutions & Support (NASDAQ: ISSC) announced a rescheduled quarterly conference call on August 12, 2021, now starting at 11:00 AM EDT. Participants can register by calling 1-877-270-2148 without a conference ID. The call will also be streamed live on the company’s Investor Relations page and available for 30 days afterward. The company specializes in designing and manufacturing flight guidance systems and integrated solutions for OEMs, focusing on low carbon footprint navigation.

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Innovative Solutions & Support, Inc. (NASDAQ: ISSC) reported a 3% increase in net sales to $6.2 million for Q3 fiscal 2021, alongside a net income of $2.7 million, or $0.16 per share. The results included a $1.5 million tax benefit, marking a 108% rise year-over-year. With cash on hand at $7.5 million and operating cash flows of $1.5 million, the company remains debt-free and has distributed nearly $20 million to shareholders since September 2020. New orders totaled approximately $9.0 million, with a backlog of $9.5 million, a 40% increase from the previous quarter.

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Innovative Solutions & Support (NASDAQ: ISSC) will announce its Q3 2021 results on August 11, 2021, after market close. The following day, a conference call at 10:00 AM ET will discuss these results. Investors can register for the call by dialing 1-877-270-2148. The call will also be available live on their Investor Relations website and for 30 days afterward. Innovative Solutions is a systems integrator specializing in flight guidance and cockpit display systems for OEMs and retrofit applications, focusing on low carbon footprint navigation solutions.

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Innovative Solutions & Support, Inc. (ISSC) has announced an increase in delivery rates for its Utilities Management System (UMS) for the Pilatus PC-24 Super Versatile Jet, responding to heightened demand. The UMS, standard in every production PC-24, enhances aircraft safety by automating normal and emergency tasks while reducing crew workload. It monitors over 20 systems, simplifies controls, and improves redundancy. IS&S congratulated Pilatus on the PC-24's success, emphasizing the UMS's open architecture for in-house enhancements.

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Innovative Solutions & Support (NASDAQ: ISSC) has secured a contract with a leading online retailer to retrofit their Boeing aircraft with its advanced Cockpit/IP® Flight/Navigation Display System. The initial order includes 11 ship sets. This retrofit aims to enhance operational performance, reduce fuel consumption and CO2 emissions, and simplify maintenance, all while increasing the residual value of older aircraft. The upgrade can be completed in just 24 hours by utilizing existing wiring, thereby minimizing downtime.

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FAQ

What is the current stock price of Innovative Solutions & Support (ISSC)?

The current stock price of Innovative Solutions & Support (ISSC) is $7.9 as of December 2, 2024.

What is the market cap of Innovative Solutions & Support (ISSC)?

The market cap of Innovative Solutions & Support (ISSC) is approximately 136.3M.

What does Innovative Solutions & Support (ISSC) specialize in?

ISSC specializes in designing and manufacturing advanced avionics systems for commercial air transport, military, and business aviation markets.

What are some key products offered by ISSC?

Key products include Flat Panel Display Systems, Flight Information Computers, Engine and Fuel Instrumentation, Class 3 E-Charts, and RVSM solutions.

Who are the primary customers of ISSC?

ISSC supplies to both Original Equipment Manufacturers (OEM) and retrofit markets, catering to new aircraft and existing fleets.

How does ISSC contribute to sustainable aviation practices?

ISSC's Advanced GPS receivers enable reduced carbon footprint navigation, contributing to more sustainable aviation practices.

What is the Autothrottle system by ISSC?

The Autothrottle system automates engine power settings, reducing pilot workload and enhancing flight safety.

What markets does ISSC serve?

ISSC serves commercial air transport, military, and business aviation markets.

What technological benefits does ISSC provide?

ISSC's technologies enhance situational awareness, reduce pilot workload, and improve overall flight safety.

Does ISSC engage in research and development?

Yes, ISSC continuously engages in research and development to address the evolving needs of the aviation industry.

Is ISSC financially stable?

Yes, ISSC maintains financial stability driven by steady demand for its products and services.

What is ISSC's commitment to quality?

ISSC is committed to developing and supplying the highest quality avionics, ensuring reliability and efficiency in all its products.

Innovative Solutions & Support

Nasdaq:ISSC

ISSC Rankings

ISSC Stock Data

136.32M
10.71M
38.79%
29.3%
0.23%
Aerospace & Defense
Services-computer Programming Services
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United States of America
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