Last $2.91 USD
Change Today -0.07 / -2.35%
Volume 93.2K
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

innovative solutions & supp (ISSC) Key Developments

Innovative Solutions and Support Receives Federal Aviation Administration Supplemental Type Certification for Boeing 737 Classic Aircraft

Innovative Solutions and Support announced that it received Federal Aviation Administration Supplemental Type Certification (STC) for its Flight Management System for Boeing 737 Classic aircraft.

Innovative Solutions & Support, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2014

Innovative Solutions & Support Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the third quarter, the company reported revenue of $10,575,976, an increase of 20% from revenue of $8,778,254 in the third quarter of fiscal 2013. Operating income was $659,901 against $285,500 a year ago. Income before income taxes was $673,120 against $298,953 a year ago. The company reported third quarter 2014 net income of $497,030, or $0.03 per diluted share, an increase from $307,473, or $0.02 per diluted share, in the same quarter a year ago. Results for the third quarter of 2013 included a $0.03 per share non-recurring charge related to a previously disclosed legal matter. During the third quarter of the current fiscal year the company used approximately $813,000 of cash to fund operations compared to cash generated by operating activities of $670,000 in the third quarter of fiscal 2013. The year-over-year change in operating cash reflects primarily differences in the timing of cash expenditures and receipts associated with engineering programs during the quarter. The company expects these differences to reverse as the programs meet contractual billing milestones and/or as production begins. For the nine months, the company reported revenues for the nine months ended June 30, 2014 of $34,176,802, an increase of 45% compared to $23,529,963 for the first nine months of fiscal 2013. Operating income for the first nine months of fiscal 2014 was $3,158,163, an increase of 68% compared to $1,880,925 in the first nine months of fiscal 2013. Income before income taxes was $3,201,716 against $1,942,937 a year ago. Net income was $2,289,842, or $0.13 per diluted share, for the first nine months of fiscal 2014, increases of 32% and 30%, respectively, compared to $1,732,186 or $0.10 per diluted share for first nine months of fiscal 2013. The company provided earnings guidance for the fiscal year ending September 30, 2014. For the fiscal year ending September 30, 2014, the company expects to increase sales, operating income, and net income compared to fiscal 2013 and to report its sixth consecutive profitable year, characterized by growing production volume as a result of its engineering investments. The company will provide additional commentary during its earnings conference call. Tax rate to be approximately 28%, excluding any potential benefit of Congressional reinstatement of the R&D tax credit.

Innovative Solutions & Support Inc. to Report Q3, 2014 Results on Jul 29, 2014

Innovative Solutions & Support Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Jul 29, 2014

Innovative Solutions & Support Inc., Q3 2014 Earnings Call, Jul 30, 2014

Innovative Solutions & Support Inc., Q3 2014 Earnings Call, Jul 30, 2014

Innovative Solutions & Support Inc.(NasdaqGS:ISSC) dropped from Russell 2000 Index

Innovative Solutions & Support Inc. will be removed from the Russell 2000 Index.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ISSC:US $2.91 USD -0.07

ISSC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Garmin Ltd $58.93 USD +0.19
Honeywell International Inc $98.23 USD +1.50
L-3 Communications Holdings Inc $122.29 USD +0.92
Rockwell Collins Inc $84.48 USD +0.11
View Industry Companies
 

Industry Analysis

ISSC

Industry Average

Valuation ISSC Industry Range
Price/Earnings 20.4x
Price/Sales 1.2x
Price/Book 1.3x
Price/Cash Flow 20.2x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INNOVATIVE SOLUTIONS & SUPP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.