innovative solutions & support (is&s) transforms leading edge technologies into sophisticated, cost-effective solutions for the commercial air transport, military, and business aviation markets. advanced functionality, enhanced situational awareness, reduced pilot workload, and improved safety are just some of the benefits found in our innovative solutions. our offerings include flat panel display systems, flight information computers, engine and fuel instrumentation, class 3 e-charts, and rvsm solutions to measure and display air data. we are committed to developing and supplying the highest quality avionics.
Company profile
Ticker
ISSC
Exchange
Website
CEO
Geoffrey S. M. Hedrick
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Innovative Solutions and Support, LLC • IS&S Delaware, Inc. • IS&S Holdings, Inc. • IS&S Aviation, Inc. ...
IRS number
232507402
ISSC stock data
Latest filings (excl ownership)
8-K
Innovative Solutions & Support, Inc. Announces New Chief Financial Officer
21 Mar 24
ARS
2023 FY
Annual report to shareholders
5 Mar 24
DEFA14A
Additional proxy soliciting materials
5 Mar 24
DEF 14A
Definitive proxy
5 Mar 24
8-K
Departure of Directors or Certain Officers
29 Feb 24
10-Q
2024 Q1
Quarterly report
14 Feb 24
8-K
Innovative Solutions & Support, Inc. Announces First Quarter Fiscal 2024 Financial Results
14 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
2 Feb 24
10-K/A
2023 FY
Annual report (amended)
29 Jan 24
10-K
2023 FY
Annual report
12 Jan 24
Transcripts
ISSC
Earnings call transcript
2024 Q1
15 Feb 24
ISSC
Earnings call transcript
2023 Q4
21 Dec 23
ISSC
Earnings call transcript
2023 Q3
10 Aug 23
ISSC
Earnings call transcript
2023 Q2
8 May 23
ISSC
Earnings call transcript
2023 Q1
14 Feb 23
ISSC
Earnings call transcript
2022 Q4
14 Dec 22
ISSC
Earnings call transcript
2022 Q3
12 Aug 22
ISSC
Earnings call transcript
2022 Q2
14 May 22
ISSC
Earnings call transcript
2023 Q1
14 Feb 22
ISSC
Earnings call transcript
2022 Q1
11 Feb 22
Latest ownership filings
4
Shahram Askarpour
26 Feb 24
SC 13D/A
Estate of Geoffrey S. M. Hedrick
26 Feb 24
SC 13D/A
Estate of Geoffrey S. M. Hedrick
15 Feb 24
SC 13G
Gilboy Kevin P
9 Feb 24
SC 13D/A
Estate of Geoffrey S. M. Hedrick
1 Feb 24
4/A
GLEN R BRESSNER
29 Jan 24
4
GLEN R BRESSNER
29 Jan 24
4
Parizad Olver
25 Jan 24
4
GLEN R BRESSNER
25 Jan 24
4
Stephen L Belland
25 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.10 mm | 3.10 mm | 3.10 mm | 3.10 mm | 3.10 mm | 3.10 mm |
Cash burn (monthly) | (no burn) | 1.18 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 7.06 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | -3.96 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | -3.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
35.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 2 |
Closed positions | 3 |
Increased positions | 10 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 23.02 bn |
Total shares | 6.15 mm |
Total puts | 16.70 k |
Total calls | 1.70 k |
Total put/call ratio | 9.8 |
Largest owners | Shares | Value |
---|---|---|
Harborne Christopher | 2.51 mm | $19.68 mm |
WealthTrust Axiom | 768.75 k | $5.51 bn |
Vanguard | 620.34 k | $4.45 bn |
Dimensional Fund Advisors | 412.07 k | $2.95 bn |
Renaissance Technologies | 408.51 k | $2.93 mm |
BLK Blackrock | 373.39 k | $2.68 bn |
Geode Capital Management | 144.25 k | $1.03 bn |
Portside Wealth | 137.70 k | $987.32 mm |
Gamco Investors | 120.85 k | $866.52 mm |
TETAA Teton Advisors | 105.50 k | $756.46 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Feb 24 | Shahram Askarpour | NQSO Common Stock | Grant | Acquire A | No | No | 8.12 | 72,014 | 584.75 k | 72,014 |
22 Feb 24 | Shahram Askarpour | NQSO Common Stock | Grant | Acquire A | No | No | 8.12 | 25,000 | 203.00 k | 25,000 |
22 Feb 24 | Shahram Askarpour | RSU Common Stock | Grant | Acquire A | No | No | 0 | 40,024 | 0.00 | 40,024 |
8 Sep 23 | Glen R Bressner | Common Stock | Buy | Acquire P | No | No | 7.8467 | 10,000 | 78.47 k | 81,393 |
21 Aug 23 | Michael Linacre | RSU Common Stock | Grant | Acquire A | No | No | 0 | 6,082 | 0.00 | 6,082 |
21 Aug 23 | Michael Linacre | Non Qualified Stock Option Common Stock | Grant | Acquire A | No | No | 8.22 | 12,164 | 99.99 k | 12,164 |
9 Aug 23 | Estate of Geoffrey S. M. Hedrick | Common Stock | By will or laws of descent | Dispose W | No | No | 0 | 420,792 | 0.00 | 1,652,207 |
9 Aug 23 | Estate of Geoffrey S. M. Hedrick | Common Stock | By will or laws of descent | Dispose W | No | No | 0 | 631,188 | 0.00 | 2,072,999 |
9 Aug 23 | Estate of Geoffrey S. M. Hedrick | Common Stock | By will or laws of descent | Dispose W | No | No | 0 | 631,188 | 0.00 | 2,704,187 |
News
Innovative Solutions & Support, Inc. Announces It Has Appointed Jeffrey Digiovanni To The Position Of Chief Financial Officer, Effective As Of April 8, 2024.
21 Mar 24
Innovative Solns Q1 EPS $0.06 Up From $0.04 YoY, Sales $9.31M Up From $6.52M YoY
14 Feb 24
Earnings Scheduled For February 14, 2024
14 Feb 24
Press releases
Innovative Solutions & Support, Inc. Announces New Chief Financial Officer
21 Mar 24
Innovative Solutions & Support, Inc. Announces First Quarter Fiscal 2024 Financial Results
14 Feb 24
Innovative Solutions & Support, Inc. Announces Date & Time of First Quarter Fiscal 2024 Earnings Conference Call
5 Feb 24