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 Third Quarter Fiscal 2012 Financial Results

Stocks in this article: ISSC

Nine Month Results

Revenues were $17.7 million for the nine months ended June 30, 2012, compared to $19.2 million for the nine months ended June 30, 2011. For the nine months ended June 30, 2012, net income was $206,000 or $0.01 per diluted share, compared to net income of $705,000, or $0.04 per diluted share, for the nine months ended June 30, 2011. Cash flow from operating activities was $41,000 for the nine months ended June 30, 2012 compared to $1.9 million for the prior year comparable period. During the first nine months ended June 30, 2012, the Company spent $691,000 to repurchase its stock.

Shahram Askarpour, President of ISSC, commented, “During the quarter, we balanced the need to deliver results in the near term while achieving progress on the four large EMD programs that will increase our addressable market over the long term. Among the accomplishments in the quarter was the completion of the development of the Flat Panel Display System (“FPDS”) phase of the NNSA Boeing 737 program. Since the end of the quarter, we have completed the certification flight test for the FPDS phase of the program, and we expect to receive an STC from the FAA in the very near future. This certification will be the first of three STC’s that we expect to receive for the NNSA program. In June, Eclipse Aerospace officially launched initial Eclipse 550 twin-engine jet production which will include our OEM advanced avionics suite, with deliveries expected to begin in 2013. Although near term conditions remain challenging throughout the military, general aviation and commercial air transport markets, we are confident that the investments that we are making to broaden our product portfolio, for both the retrofit and OEM markets, will enable us to penetrate new and growing markets and generate attractive returns for shareholders.”

2 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 17,642.82 +285.95 1.65%
S&P 500 2,047.43 +34.54 1.72%
NASDAQ 4,730.1960 +85.8840 1.85%

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