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ISSC

Innovative Solutions and Support, Inc.

ISSC

Innovative Solutions and Support, Inc. • NASDAQ
$9.74 ▼ -1.22% (-0.12)
Market Cap $171.78 M
52w High $20.00
52w Low $5.30
Dividend Yield 0%
P/E 14.76
Volume 82.63K
Outstanding Shares 17.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $24.145M ▲ $5.068M ▲ $2.444M ▼ 10.121% ▼ $0.14 ▼ $4.339M ▼
Q2-2025 $21.936M ▲ $4.283M ▼ $5.336M ▲ 24.327% ▲ $0.3 ▲ $7.627M ▲
Q1-2025 $15.969M ▲ $5.267M ▲ $736.192K ▼ 4.61% ▼ $0.042 ▼ $2.716M ▼
Q4-2024 $15.385M ▲ $4.162M ▼ $3.18M ▲ 20.671% ▲ $0.18 ▲ $4.976M ▲
Q3-2024 $11.766M $4.243M $1.553M 13.195% $0.089 $2.667M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $601.759K ▼ $91.785M ▲ $34.996M ▼ $56.789M ▲
Q2-2025 $1.226M ▲ $89.886M ▲ $36.373M ▲ $53.513M ▲
Q1-2025 $604.561K ▲ $81.254M ▼ $33.482M ▼ $47.772M ▲
Q4-2024 $538.977K ▲ $82.382M ▲ $35.744M ▲ $46.639M ▲
Q3-2024 $521.041K $59.783M $16.602M $43.181M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.444M ▼ $7.207M ▲ $-3.688M ▼ $-4.143M ▼ $-623.889K ▼ $3.519M ▲
Q2-2025 $5.336M ▲ $1.288M ▼ $-1.556M ▼ $888.832K ▲ $621.087K ▲ $-267.745K ▼
Q1-2025 $736.192K ▼ $1.841M ▲ $-261.364K ▲ $-1.515M ▼ $65.584K ▲ $1.58M ▲
Q4-2024 $3.18M ▲ $445.331K ▼ $-18.595M ▼ $18.168M ▲ $17.936K ▲ $299.468K ▼
Q3-2024 $1.553M $934.052K $-203.279K $-783.811K $-53.038K $730.773K

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Product
Product
 $10.00M ▲$10.00M ▲$10.00M ▲$20.00M ▲
Service
Service
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Engineering Development Contracts
Engineering Development Contracts
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have been trending upward over the last few years, showing a company that has moved from being small and niche to more solidly profitable. Gross margins appear healthy, and operating profit has become more consistent rather than one-off. Earnings per share have climbed steadily, suggesting that growth is not just from acquisitions but also from the core business. The main watchpoint is that the company is still relatively small in scale, so results can be sensitive to contract timing and program wins, which may cause some volatility from year to year.

Balance Sheet

Balance Sheet The balance sheet has grown, with total assets and shareholder equity both increasing, which points to a stronger financial base than a few years ago. The company has begun to use debt, whereas it previously relied mainly on equity and cash, which introduces some financial leverage but also signals an effort to fund growth. Cash balances look lean relative to the expanded asset base, so liquidity management and access to credit are important areas to monitor. Overall, the capital structure appears stronger than in the past, but with higher reliance on borrowing than before.

Cash Flow

Cash Flow Operating cash flow has been positive in some years and close to breakeven in others, which is typical for a smaller aerospace supplier tied to project-based work and milestone payments. Because capital spending has been very light, free cash flow broadly follows operating cash flow and has been positive in the stronger years. This suggests the business is not highly capital intensive and can convert a reasonable portion of its earnings into cash when contracts ramp well. The flip side is that cash generation can be uneven, so contract timing and working-capital swings remain key risks for year-to-year cash performance.

Competitive Edge

Competitive Edge ISSC operates in a specialized corner of aerospace: upgrading and modernizing existing aircraft with advanced avionics rather than competing head-on in new-build systems. Its patented ThrustSense autothrottle, strong experience with flight displays and flight management systems, and the complexity of regulatory certifications give it a meaningful barrier to entry in its niche. The focus on retrofits for legacy fleets and expansion into defense, including product lines acquired from a large industry player, broadens its customer base and deepens switching costs. However, ISSC still competes indirectly with much larger avionics companies, so its edge depends on staying nimble, highly specialized, and responsive to operators looking for cost-effective modernization rather than full platform replacements.

Innovation and R&D

Innovation and R&D Innovation is central to ISSC’s story. The company has built a portfolio of differentiated products such as the ThrustSense autothrottle, flat-panel display upgrades, advanced flight management systems, and high-precision air data computers. Its newer initiatives, like the open-architecture Liberty Flight Deck, show a shift toward more flexible, software-centric platforms that can integrate third-party applications and support future upgrades. ISSC is also exploring software-based situational awareness that could support more automated flight operations over time. The main upside is a clear pipeline of technology aligned with safety, efficiency, and regulatory needs; the main risk is execution—securing enough aircraft platforms, certifications, and operator adoption to fully monetize these developments.

Summary

Overall, ISSC looks like a focused aerospace technology company that has transitioned from niche innovator to a steadily profitable, though still relatively small, avionics player. Financially, revenues and earnings have been rising, with a stronger balance sheet but more use of debt and relatively thin cash cushions. Cash generation is positive over time but can be lumpy. Strategically, its strength lies in specialized retrofit solutions, patented technologies, regulatory know-how, and a growing presence in defense, all reinforced by ongoing innovation in open-architecture flight decks and automation-related software. The key opportunities are broader adoption of its flagship systems and successful scaling in defense and retrofit markets, while the key risks are contract concentration, integration of acquired product lines, execution on new platforms, and competition from much larger aerospace electronics providers.

NEWS

October 28, 2025 · 4:05 PM UTC

Innovative Solutions & Support, Inc. d/b/a Innovative Aerosystems Appoints New Board Member

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October 18, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Solutions and Support, Inc. - ISSC

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October 14, 2025 · 9:00 AM UTC

IS&S Rebrands to Innovative Aerosystems

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October 13, 2025 · 1:50 PM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Solutions and Support, Inc. - ISSC

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October 8, 2025 · 5:45 PM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Solutions and Support, Inc. - ISSC

Read more