
Innovative Solutions and Support, Inc.
NASDAQ•ISSC
CEO: Dr. Shahram Askarpour
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 2000-08-04
Innovative Solutions and Support, Inc., a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft. The company also provides integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single backup navigation instrument for military, commercial air transport, and corporate/general aviation applications. In addition, it offers digital air data computers that calculate various air data parameters, such as altitude, airspeed, vertical speed, angle of attack, and other information; integrated air data computers and display units, which calculate and convey air data information; altitude displays that convey aircraft altitude measurements; airspeed displays that convey various airspeed measurements; and altitude alerters. Further, the company offers the engine and fuel displays that convey information related to fuel and oil levels, and engine activity, including oil and hydraulic pressure and temperature; integrated global navigation systems; ThrustSense, a full regime autothrottle; and utility management systems. It serves commercial air transport carriers and corporate/general aviation companies, the Department of Defense and its commercial contractors, aircraft operators, aircraft modification centers, government agencies, and foreign militaries, as well as original equipment manufacturers. Innovative Solutions and Support, Inc. was incorporated in 1988 and is based in Exton, Pennsylvania.
Contact Information
Market Cap
$384.16M
P/E (TTM)
24.4
110.1
Dividend Yield
--
52W High
$22.60
52W Low
$5.30
52W Range
Rank26Top 13.0%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$22.25M+44.60%
4-Quarter Trend
EPS
$0.40+122.22%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Strong Revenue and Income Growth Total net sales reached $84.3M, up 78.6% from $47.2M in 2024; net income grew 123.3% to $15.6M.
Major Capacity Expansion Completed Completed 40,000 square feet expansion at Exton facility, increasing manufacturing capacity by over 300% to meet growing demand.
Improved Operating Expense Ratio SG&A expenses decreased to 19.4% of net sales in 2025 from 25.6% in 2024, reflecting operational leverage post-acquisitions.
Risk Factors
Gross Margin Compression Noted Gross profit margin declined to 48.1% in 2025 from 55.0% in 2024 due to unfavorable product mix and integration costs.
Backlog Value Decreased Ending backlog fell to $77.4M as of September 30, 2025, down from $89.2M the prior year, impacting near-term revenue visibility.
Customer Concentration Exposure Revenue concentration remains high; top five customers accounted for 57% of total sales in fiscal year 2025, posing risk if disrupted.
Outlook
Liberty Flight Deck Growth Driver New Liberty Flight Deck (LFD) is key growth driver, fully customizable design supporting path toward full flight autonomy over time.
Increase Military Market Penetration Strategy includes increasing military diversification by focusing on winning contracts for key domestic and FMS defense programs like C130 upgrades.
Leverage Honeywell Acquisition Synergies Company expects cost synergies from better utilization of engineering team and operational capacity following September 2024 Honeywell acquisition.
Peer Comparison
Revenue (TTM)
$1.82B
FC$262.03M
DSX$218.56M
Gross Margin (Latest Quarter)
POWW87.1%
FC72.7%
ISSC63.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ISSC | $384.16M | 24.4 | 28.1% | 23.4% |
| PESI | $271.84M | -23.4 | -19.9% | 4.5% |
| DSX | $253.55M | 9.9 | 4.9% | 55.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
11.7%
Steady Growth
4Q Net Income CAGR
113.0%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 12, 2026
EPS:$0.10
|Revenue:-
Reports
All Years
Form 10-K - FY 2025
Period End: Sep 30, 2025|Filed: Dec 23, 2025|Revenue: $84.30M+78.6%|EPS: $0.89+122.5%BeatForm 10-Q - Q3 2025
Period End: Jun 30, 2025|Filed: Aug 14, 2025|Revenue: $24.14M+105.2%|EPS: $0.14+57.5%MissForm 10-Q - Q2 2025
Period End: Mar 31, 2025|Filed: May 15, 2025|Revenue: $21.94M+104.3%|EPS: $0.30+333.5%BeatForm 10-Q - Q1 2025
Period End: Dec 31, 2024|Filed: Feb 14, 2025|Revenue: $15.97M+71.6%|EPS: $0.04-30.7%MissForm 10-K/A - FY 2024
Period End: Sep 30, 2024|Filed: Jan 23, 2025|Revenue: $47.20M+35.6%|EPS: $0.40+14.3%BeatForm 10-K - FY 2024
Period End: Sep 30, 2024|Filed: Dec 30, 2024|Refer to amended dataForm 10-Q - Q3 2024
Period End: Jun 30, 2024|Filed: Aug 14, 2024|Revenue: $11.77M+47.8%|EPS: $0.09+9.8%MissForm 10-Q - Q2 2024
Period End: Mar 31, 2024|Filed: May 14, 2024|Revenue: $10.74M+46.3%|EPS: $0.07-5.5%Miss