Innovative Sol Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) reported a strong second quarter for fiscal 2021, with net sales rising to $5.1 million from $4.8 million in Q2 2020. Net income increased to $0.6 million, or $0.04 per share, compared to $0.4 million, or $0.03 per share, a year ago. The company also showed positive cash flow of $0.6 million and maintained a cash reserve of $6.0 million. New orders reached $7.6 million, boosting backlog to $6.7 million. The firm's performance benefits from diversifying markets and increased demand for products like ThrustSense® AutoThrottle.

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) is set to announce its second quarter 2021 financial results on May 12, 2021, after market close. A conference call for discussing these results will take place on May 13, 2021, at 10:00 AM Eastern time. This call can be accessed via dial-in at 1-877-270-2148 and will also be streamed live on the company's Investor Relations page.

Based in Exton, PA, ISSC specializes in designing and manufacturing flight guidance and cockpit display systems.