Innovative Solutions and Support Inc
NASDAQ:ISSC
Innovative Solutions and Support Inc
Innovative Solutions & Support, Inc. manufactures flight navigation systems. The company is headquartered in Malvern, Pennsylvania and currently employs 83 full-time employees. The company went IPO on 2000-08-04. IS&S supplies integrated Flight Management Systems (FMS), Flat Panel Display Systems (FPDS), FPDS with Autothrottle, air data equipment, Integrated Standby Units (ISU), ISU with Autothrottle and advanced Global Positioning System (GPS) receivers that enable reduced carbon footprint navigation. The company offers solutions for the general aviation, commercial air transport, United States Department of Defense (DoD)/governmental and foreign military markets. The firm provides pilots with information to enhance both the safety and efficiency of flying, through its COCKPIT/IP Cockpit Information Portal (CIP) product line.
Innovative Solutions & Support, Inc. manufactures flight navigation systems. The company is headquartered in Malvern, Pennsylvania and currently employs 83 full-time employees. The company went IPO on 2000-08-04. IS&S supplies integrated Flight Management Systems (FMS), Flat Panel Display Systems (FPDS), FPDS with Autothrottle, air data equipment, Integrated Standby Units (ISU), ISU with Autothrottle and advanced Global Positioning System (GPS) receivers that enable reduced carbon footprint navigation. The company offers solutions for the general aviation, commercial air transport, United States Department of Defense (DoD)/governmental and foreign military markets. The firm provides pilots with information to enhance both the safety and efficiency of flying, through its COCKPIT/IP Cockpit Information Portal (CIP) product line.
Strong Revenue Growth: First quarter revenue rose 37% year-over-year to $21.8 million, driven by commercial aftermarket demand and higher service activity.
Profitability Surge: Net income jumped to $4.1 million from $700,000 a year ago, and adjusted EBITDA increased 141% to $7.4 million.
Margin Expansion: Gross margin improved to 54.5% from 41.4% last year, attributed to a favorable product mix.
Cash Generation: Free cash flow was $7 million for the quarter, a significant increase from $1.6 million last year.
Flat Full-Year Outlook: Despite the strong quarter, management reiterated that full-year organic revenue is expected to be essentially flat due to prior pull-forward of F-16 related revenue.
F-16 Platform Progress: Full-scale production of the digital flight control computer resumed, with additional growth opportunities signaled by new RFPs.
M&A Pipeline Active: The company is actively evaluating acquisition opportunities but remains disciplined on strategy and pricing.
