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ISSC Innovative Solutions And Support

Innovative Solutions & Support, Inc. manufactures flight navigation systems. The firm designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. It supplies integrated flight management systems, flat panel display systems, integrated standby units and advanced global positioning system receivers that enable reduced carbon footprint navigation. The company was founded by Geoffrey S. M. Hedrick on February 12, 1988 and is headquartered in Exton, PA.

Company profile

Ticker
ISSC
Exchange
NASDAQ
Website
www.innovative-ss.com
CEO
Geoffrey S. M. Hedrick
Employees
Incorporated
Pennsylvania
Location
Pennsylvania
Fiscal year end
Sep 30
Sector
Professional, Scientific, and Technical Services > Custom Computer Programming Services
Industry (SIC)
Services - Computer Programming Services
Cognizant Technology Solutions • Amdocs • Verisign • Compass • Formula Systems • Realnetworks • Sogou • Aspen Technology • Synchronoss • Monotype Imaging ...
SEC CIK
0000836690
Corporate docs
IRS number
232507402

ISSC stock data

(
)

News

Pro users get this 30m faster
Innovative Solutions & Support Reports Raise Of Delivery Rates On Its Utilities Mgmt. System For Pilatus PC-24 Super Versatile Jet, No Specifics Disclosed
23 Jun 21
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
9 Industrials Stocks Moving In Friday's Pre-Market Session
4 Jun 21
12 Industrials Stocks Moving In Thursday's After-Market Session
3 Jun 21
Gainers
Innovative Solutions Q2 EPS $0.04 Up From $0.03 YoY, Sales $5.10M Miss $6.29M Estimate
12 May 21
Earnings Scheduled For May 12, 2021
12 May 21

Press releases

Pro users get this 30m faster
IS&S Raises Delivery Rates In Support of Demand for Pilatus PC-24 Increased Production
23 Jun 21
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
IS&S Receives Flat Panel Display System Orders From Online Retailers' Air Carrier Operation
3 Jun 21
Innovative Solutions & Support (IS&S) (NASDAQ:ISSC) was contracted by a premier on-line retailer for upgrades to its expanding air carrier operation, and is now retrofitting this operator's Boeing aircraft with
Innovative Solutions & Support, Inc. to Host Earnings Call
13 May 21
NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Innovative Solutions & Support, Inc. (NASDAQ:ISSC) will be discussing their earnings results in their 2021 Second Quarter Earnings call to be held on May 13, 2021 at 10:00
Innovative Solutions & Support, Inc. Announces Second Quarter Fiscal 2021 Financial Results
12 May 21

Calendar

17 May 21
29 Jul 21
30 Sep 21

Financial summary

Financial statements Chart ISSC financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6M 6M 6M 6M 6M 6M
Cash burn (monthly) (positive/no burn) 1.39M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 5.49M n/a n/a n/a n/a
Cash remaining n/a 506.48K n/a n/a n/a n/a
Runway (months of cash) n/a 0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

ISSC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jun 21 Churchill Winston J Common Stock Sell Dispose S No No 5.54 2,700 14.96K 1,693
1 Jun 21 Churchill Winston J Common Stock Sell Dispose S No No 5.51 7,300 40.22K 4,393
11 Mar 21 Mittelstaedt Robert E JR Common Stock Sell Dispose S No No 6.26 3,090 19.34K 165,629
10 Mar 21 Churchill Winston J Common Stock Sell Dispose S No No 6.01 24,936 149.87K 11,693
10 Mar 21 Churchill Winston J Common Stock Sell Dispose S No No 6.36 200 1.27K 36,629
10 Mar 21 Mittelstaedt Robert E JR Common Stock Sell Dispose S No No 6.24 5,926 36.98K 166,548
10 Mar 21 Mittelstaedt Robert E JR Common Stock Sell Dispose S No No 6.24 3,755 23.43K 168,719
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

ISSC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

23.3% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 27 31 -12.9%
Opened positions 3 5 -40.0%
Closed positions 7 4 +75.0%
Increased positions 8 5 +60.0%
Reduced positions 5 11 -54.5%
13F shares
 Current Prev Q Change
Total value 25.43M 27.39M -7.2%
Total shares 4.02M 4.2M -4.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
WealthTrust Axiom 1.18M $7.47M -0.7%
Renaissance Technologies 562.41K $3.55M -1.3%
BLK Blackrock 483.63K $3.06M +1.7%
Vanguard 435.33K $2.75M +0.5%
Dimensional Fund Advisors 361.68K $2.29M -2.7%
Overbrook Management 199.44K $1.26M 0.0%
MS Morgan Stanley 133.01K $841K 0.0%
Bridgeway Capital Management 114.6K $724K +12.5%
GBL Gamco Investors 106.41K $673K 0.0%
TETAA Teton Advisors 106K $670K 0.0%
Largest transactions
 Shares Bought/sold Change
EAM Investors 0 -125.96K EXIT
Citadel Advisors 0 -27.21K EXIT
Bridgeway Capital Management 114.6K +12.7K +12.5%
Capstone Investment Advisors 0 -12.15K EXIT
Dimensional Fund Advisors 361.68K -9.88K -2.7%
BLK Blackrock 483.63K +8.13K +1.7%
WealthTrust Axiom 1.18M -7.99K -0.7%
Renaissance Technologies 562.41K -7.37K -1.3%
C Citigroup 0 -7.2K EXIT
Spire Wealth Management 2.8K +2.8K NEW
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Honeywell International • Garmin • Thales
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: American, ARPA, conclusion, deployment, exact, leasehold, longer, prospective, reach, Rescue, Simplifying
Removed: evaluate, realization
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
17 May 21
10-Q
2021 Q1
Quarterly report
12 Feb 21
10-K
2020 FY
Annual report
22 Dec 20
10-Q
2020 Q3
Quarterly report
10 Aug 20
10-Q
2020 Q2
Quarterly report
15 May 20
10-Q
2020 Q1
Quarterly report
7 Feb 20
10-K
2019 FY
Annual report
23 Dec 19
10-Q
2019 Q3
Quarterly report
9 Aug 19
10-Q
2019 Q2
Quarterly report
10 May 19
10-Q
2019 Q1
Quarterly report
14 Feb 19

Current reports

View all
8-K
Innovative Solutions & Support, Inc. Announces Second Quarter Fiscal 2021 Financial Results
12 May 21
8-K
Submission of Matters to a Vote of Security Holders
18 Apr 21
8-K
Innovative Solutions & Support, Inc. Announces First Quarter Fiscal 2021 Financial Results
10 Feb 21
8-K
Announces Special Cash Dividend
10 Dec 20
8-K
Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2020 Financial Results
9 Dec 20
8-K
Innovative Solutions & Support, Inc. Announces Special Cash Dividend
4 Sep 20
8-K
Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2020 Financial Results
10 Aug 20
8-K
Innovative Solutions & Support, Inc. Announces Second Quarter Fiscal 2020 Financial Results
14 May 20
8-K
Entry into a Material Definitive Agreement
7 May 20
8-K
Submission of Matters to a Vote of Security Holders
17 Apr 20

Registration and prospectus

View all
S-8
Registration of securities for employees
23 Dec 19
S-8
Registration of securities for employees
13 Dec 09
S-8
Registration of securities for employees
20 Sep 07
424B3
Prospectus supplement
20 May 07
S-3/A
Shelf registration (amended)
14 May 07
S-3/A
Shelf registration (amended)
23 Apr 07
S-3/A
Shelf registration (amended)
27 Mar 07
S-3
Shelf registration
15 Jan 07
S-8
Registration of securities for employees
25 Feb 04
S-8
Registration of securities for employees
27 Sep 01

Proxies

View all
DEF 14A
Definitive proxy
27 Jan 21
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
24 Jan 20
DEF 14A
Definitive proxy
24 Jan 20
DEFA14A
Additional proxy soliciting materials
28 Jan 19
DEF 14A
Definitive proxy
28 Jan 19
DEF 14A
Definitive proxy
11 Mar 18
PRE 14A
Preliminary proxy
1 Mar 18
DEF 14A
Definitive proxy
26 Jan 17
DEFA14A
Additional proxy soliciting materials
26 Jan 17

Other

View all
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
28 Mar 11
CORRESP
Correspondence with SEC
15 Mar 11

Ownership

View all
4
INNOVATIVE SOLUTIONS & SUPPORT / WINSTON J CHURCHILL ownership change
3 Jun 21
4/A
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
15 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
15 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
11 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / WINSTON J CHURCHILL ownership change
11 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
9 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
5 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
4 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / ROBERT E MITTELSTAEDT JR ownership change
3 Mar 21
4
INNOVATIVE SOLUTIONS & SUPPORT / GLEN R BRESSNER ownership change
26 Feb 21

Patents

APP
Utility
Hanging Support Bracket
1 Jul 21
Aspects of the present disclosure may involve a support bracket that can include a first portion, a second portion, and a third portion.
GRANT
Utility
Systems and methods for compensating for the absence of a sensor measurement in a heading reference system
25 Nov 19
Methods and systems for compensating for the absence or loss of a sensor measurement in a heading reference system such as an aircraft attitude and heading reference system, integrated standby unit, or vehicle inertial system, provides an estimate of the lost sensor measurement by estimating the bank angle after a detected vehicle turn.

Transcripts

View all
2021 Q2
Earnings call transcript
14 May 21
2021 Q1
Earnings call transcript
11 Feb 21
2020 Q4
Earnings call transcript
10 Dec 20
2020 Q3
Earnings call transcript
8 Aug 20
2020 Q2
Earnings call transcript
14 May 20
2020 Q1
Earnings call transcript
7 Feb 20
2019 Q4
Earnings call transcript
12 Dec 19
2019 Q3
Earnings call transcript
12 Aug 19
2019 Q2
Earnings call transcript
10 May 19
2019 Q1
Earnings call transcript
8 Feb 19

Reddit threads

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