This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Innovative Solutions & Support, Inc. Announces Fiscal 2011 Third Quarter Financial Results

Stocks in this article: ISSC

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announced its financial results for the fiscal 2011 third quarter ending June 30, 2011.

For the third quarter, the Company reported revenue of $6.0 million. Gross margins in the quarter were a strong 52.9%. For the quarter, the Company had a modest operating loss and a net loss of ($78,980) or $0.00 per fully diluted share. Cash flow from operations in the quarter was $0.2 million. For the third quarter of 2010, the Company reported revenues of $7.8 million and net income of $1.4 million, or $0.08 per diluted share.

Geoffrey Hedrick, Chairman and Chief Executive Officer of Innovative Solutions & Support, Inc. said, “Results in the quarter reflect a continued high level of investment in product development and a steady operating performance in a very challenging and uneven market, demonstrating the strength of our strategy to build products capable of serving the general aviation, military/defense and commercial air transport markets. Through the first nine months of the year, we have not only grown revenues and improved overall financial performance, but also have made significant progress introducing new products and adding new customers. Our resilient and flexible organization has enabled us to strike a balance between the need to maintain financial discipline in the near term while simultaneously investing to strengthen our product portfolio and improve our competitive position. Margins remain healthy. Research and development investment levels have been maintained to further advance our technology. Despite the continuing weakness in some of our end markets and delays in contract awards, we are seeing an improvement in order intake. Our order book grew in the quarter and order intake for the quarter was almost equal to that of the first two quarters combined. We are confident that the introduction of our Flight Management System and the opening of the B737 market are indicative of the growing interest in the innovative technical approaches that have characterized our Company’s products and will contribute to long term revenue growth. We will discuss new orders more fully in our conference call tomorrow.”

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs