BAE Systems Avionics

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. Appoints Shahram Askarpour as Chief Executive Officer

Retrieved on: 
Friday, January 14, 2022

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Companys President, to the role of Chief Executive Officer.

Key Points: 
  • Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Companys President, to the role of Chief Executive Officer.
  • Dr. Askarpours appointment follows yesterdays announcement of the untimely passing of former IS&S Chairman and CEO Geoffrey S. M. Hedrick.
  • Since founding IS&S in 1988, Geoff built up a strong and reliable management team to solidify our company for the future.
  • About Innovative Solutions & Support, Inc.
    Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. ( www.innovative-ss.com ) is a systems integrator that designs and manufactures flight guidance and cockpit display systems for Original Equipment Manufacturers (OEMs) and retrofit applications.