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.
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.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) reported a revenue increase to $4.9 million for Q1 fiscal 2021, rising from $4.5 million in Q1 fiscal 2020. Operating income held steady at $232,000, while net income decreased to $240,000 or $0.01 per share, down from $328,000 or $0.02 per share a year earlier. The company declared a $0.50 special dividend, contributing to nearly $20 million returned to shareholders in six months. As of December 31, 2020, cash on hand totaled $5.6 million, supported by strong operating cash flows of $1.7 million.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) will release its Q1 2021 financial results after the market closes on February 10, 2021. A conference call is scheduled for February 11, 2021, at 10:00 AM ET to discuss these results. The call can be accessed by dialing 1-844-739-3798, and no conference ID is required. Additionally, the call will be streamed live on the Company’s Investor Relations page and available for replay for 30 days. ISSC specializes in flight guidance and cockpit display systems, offering integrated Flight Management Systems and advanced GPS solutions.
Innovative Solutions & Support (NASDAQ: ISSC) announced that its Cockpit/IP® FPDS system upgrade is now operational on over 400 Boeing 757 and 767 aircraft worldwide. The shift towards cargo operations has increased demand for freight-configured aircraft, benefiting older models like these. The upgrade enhances operational performance, reduces fuel consumption, and lowers CO2 emissions while increasing aircraft value. The retrofit can be installed in 24 hours, simplifying maintenance and reducing downtime by eliminating 180 pounds of legacy equipment.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) has declared a special cash dividend of $0.50 per share. This dividend is to be paid on or about December 30, 2020 to shareholders of record by the close of business on December 21, 2020. The company specializes in designing flight guidance and cockpit display systems for OEMs and retrofit applications, including advanced GPS receivers and integrated Flight Management Systems for sustainable navigation.
Innovative Solutions & Support reported a strong fiscal 2020, with net sales of $21.6 million, up 23% from $17.6 million in 2019. In Q4 alone, sales rose 31% to $6.3 million, and net income increased to $1.2 million or $0.07 per share. The company declared a special dividend of $0.65 per share amounting to $11.2 million as a return to shareholders. With significant liquidity and no debt, IS&S maintains a positive outlook, driven by contracts with Textron and certification of new products.
Innovative Solutions & Support, Inc. (NASDAQ: ISSC) will release its fourth quarter 2020 results on December 9, 2020, after market close. A conference call will follow on December 10, 2020, at 10:00 AM Eastern Time to discuss these results, with registration available via phone at 1-844-739-3798. The call will also stream live on the company's Investor Relations page for 30 days. Innovative Solutions specializes in flight guidance and cockpit display systems for OEMs and retrofits, including advanced GPS receivers and Flight Management Systems.
FAQ
What is the current stock price of Innovative Solutions & Support (ISSC)?
What is the market cap of Innovative Solutions & Support (ISSC)?
What does Innovative Solutions & Support (ISSC) specialize in?
What are some key products offered by ISSC?
Who are the primary customers of ISSC?
How does ISSC contribute to sustainable aviation practices?
What is the Autothrottle system by ISSC?
What markets does ISSC serve?
What technological benefits does ISSC provide?
Does ISSC engage in research and development?
Is ISSC financially stable?
What is ISSC's commitment to quality?
