Pilatus PC-24

Innovative Solutions & Support, Inc. Announces Significant Increase in Second Quarter Fiscal 2022 Revenues and Earnings

Retrieved on: 
Wednesday, May 11, 2022

Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the second quarter and first six months of fiscal year 2022, which ended March 31, 2022.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the second quarter and first six months of fiscal year 2022, which ended March 31, 2022.
  • For the second quarter of fiscal 2022, the Company reported net sales of $6.8 million, up 34% as compared to $5.1 million in the second quarter a year ago.
  • The Company reported a 135% increase in net income to $1.4 million, or $0.08 per share, compared to the second quarter of fiscal 2021.
  • New orders in the second quarter of fiscal 2022 were approximately $8.2 million and backlog as of March 31, 2022, was $7.5 million.

Innovative Solutions & Support, Inc. Announces Significant Increase in First Quarter Fiscal 2022 Revenues and Earnings

Retrieved on: 
Wednesday, February 9, 2022

Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal year 2022, which ended December 31, 2021.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal year 2022, which ended December 31, 2021.
  • For the first quarter of fiscal 2022, the Company reported net sales of $6.7 million, up 38% as compared to $4.9 million in the first quarter a year ago.
  • The Company reported a 372% increase in net income to $1.1 million, or $0.07 per share, compared the first quarter of fiscal 2021.
  • New orders in the first quarter of fiscal 2022 were approximately $3.8 million and backlog as of December 31, 2021, was $6.2 million.

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results

Retrieved on: 
Wednesday, December 8, 2021

Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year 2021 ended September 30, 2021.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year 2021 ended September 30, 2021.
  • For the fourth quarter of fiscal 2021, the Company reported net sales of $6.9 million up over 9% as compared to $6.3 million in the fourth quarter a year ago.
  • The Company recorded tax expense in the fourth quarter of fiscal 2021 of $0.4 million, no tax expense was incurred in the fourth quarter of fiscal 2020.
  • New orders in the fourth quarter of fiscal 2021 were approximately $6.5 million and backlog as of September 30, 2021 was $9.1 million.

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2021 Financial Results

Retrieved on: 
Wednesday, August 11, 2021

Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2021, ended June 30, 2021.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2021, ended June 30, 2021.
  • For the third quarter of fiscal 2021, the Company reported net sales of $6.2 million up 3% from the third quarter a year ago.
  • New orders in the third quarter of fiscal 2021 were approximately $9.0 million and backlog as of June 30, 2021 increased 40% to $9.5 million, up from $6.7 million at March 31, 2021.
  • Net income in the first nine months of fiscal 2021 included $1.4 million of tax benefits, primarily those recognized in the third quarter as noted above.

IS&S Raises Delivery Rates In Support of Demand for Pilatus PC-24 Increased Production

Retrieved on: 
Wednesday, June 23, 2021

Innovative Solutions & Support, Inc. (IS&S) (NASDAQ: ISSC) announced today that it is raising delivery rates on its Utilities Management System (UMS) for the Pilatus PC-24 Super Versatile Jet to support rising demand for the aircraft.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S) (NASDAQ: ISSC) announced today that it is raising delivery rates on its Utilities Management System (UMS) for the Pilatus PC-24 Super Versatile Jet to support rising demand for the aircraft.
  • IS&Ss UMS is standard equipment on every production PC-24.
  • We offer Pilatus congratulations on the success of their remarkable PC-24, the worlds first Super Versatile Jet, IS&S commented.
  • And the IS&S UMS is an open-architecture system, allowing Pilatus to design and/or refine control and monitor algorithms, in-house.

Gogo AVANCE L3 Factory Option for Pilatus PC-24 Super Versatile Jet

Retrieved on: 
Wednesday, September 16, 2020

BROOMFIELD, Colo., Sept. 16, 2020 /PRNewswire/ --Pilatus has selected Gogo Business Aviation's (NASDAQ: GOGO) AVANCE L3 system as a factory option on new production PC-24 aircraft, and has secured STCs for the PC-24 and the PC-12 NGX.

Key Points: 
  • BROOMFIELD, Colo., Sept. 16, 2020 /PRNewswire/ --Pilatus has selected Gogo Business Aviation's (NASDAQ: GOGO) AVANCE L3 system as a factory option on new production PC-24 aircraft, and has secured STCs for the PC-24 and the PC-12 NGX.
  • The PC-24 joins the PC-12 NGX as the second airframe from Pilatus to install the AVANCE L3 system at the factory.
  • The AVANCE L3 is an inflight Wi-Fi system that delivers the benefits of the Gogo AVANCE platform in a small, lightweight form factor, with the most affordable pricing options in business aviation.
  • "Pilatus' selection of Gogo AVANCE L3 is a great step forward with a valued partner who recognizes the value of our software-centric AVANCE platform and the reliability and performance of the Gogo network," said Mark Sander, vice president of OEM sales for Gogo.