Last $2.97 USD
Change Today +0.045 / 1.54%
Volume 55.4K
ISSC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

innovative solutions & supp (ISSC) Snapshot

Open
$2.94
Previous Close
$2.92
Day High
$3.04
Day Low
$2.90
52 Week High
02/11/14 - $8.82
52 Week Low
10/20/14 - $2.38
Market Cap
50.3M
Average Volume 10 Days
66.9K
EPS TTM
$0.18
Shares Outstanding
17.0M
EX-Date
12/28/12
P/E TM
16.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for INNOVATIVE SOLUTIONS & SUPP (ISSC)

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innovative solutions & supp (ISSC) Details

Innovative Solutions and Support, Inc., a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It provides flat panel display systems that can replicate the display of analog or digital displays on one screen and can replace existing displays in legacy aircraft, as well as for security monitoring on-board aircraft and as tactical workstations on military aircraft. The company also offers digital air data computers, which calculate various air data parameters, such as altitude, airspeed, vertical speed, angle of attack, and other information derived from the measure of air pressure; integrated air data computers and display units that calculate and convey air data information; altitude displays, which convey aircraft altitude measurements; airspeed displays, which convey various types of airspeed measurements; and altitude alerters that allow the pilot to select a desired cruising altitude, as well as provide warnings to pilots when an unacceptable deviation occurs. In addition, it offers engine and fuel displays that convey information related to fuel and oil levels, and engine activity, such as oil and hydraulic pressure and temperature. The company sells its products to commercial air transport carriers and corporate/general aviation companies, Department of Defense and its commercial contractors, aircraft operators, aircraft modification centers, foreign militaries, and various original equipment manufacturers. Innovative Solutions and Support, Inc. was founded in 1988 and is based in Exton, Pennsylvania.

141 Employees
Last Reported Date: 12/20/13
Founded in 1988

innovative solutions & supp (ISSC) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: $400.0K
President
Total Annual Compensation: $300.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $258.0K
Compensation as of Fiscal Year 2013.

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

 

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ISSC

Industry Average

Valuation ISSC Industry Range
Price/Earnings 20.8x
Price/Sales 1.2x
Price/Book 1.3x
Price/Cash Flow 20.6x
TEV/Sales 0.8x
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