Innovative Solutions And Support ( (ISSC) ) has released its Q4 earnings. Here is a breakdown of the information Innovative Solutions And Support presented to its investors.
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Innovative Solutions & Support, Inc. (IS&S) is a prominent U.S.-based company known for its engineering and provision of advanced avionic solutions catering to commercial, business, and military aviation markets. The company is renowned for its cutting-edge, cost-effective avionics products and systems integration expertise, positioning itself as a key player in fleet modernization and retrofit markets.
In its fourth-quarter and full-year 2024 financial results, IS&S reported a notable year-over-year growth across various financial metrics. The company achieved a net revenue of $15.4 million for the fourth quarter, reflecting an 18.4% increase, and a full-year revenue of $47.2 million, marking a 35.6% rise from the previous year. The company’s gross profit for the year was $25.9 million, with a gross margin of 54.9%.
Key financial highlights include a fourth-quarter net income of $3.2 million, or $0.18 per diluted share, and an adjusted EBITDA of $5.6 million, indicating a 16.9% growth from the previous year. For the full year, IS&S recorded a net income of $7.0 million, or $0.40 per diluted share, and an adjusted EBITDA of $13.7 million, showing an impressive 42.5% increase compared to the prior year.
Looking ahead, IS&S is optimistic about continued growth, driven by new product developments like their AI-capable Utility Management System (UMS2) and strategic acquisitions. The company plans to focus on innovation, operational efficiency, and disciplined capital allocation, positioning itself for another year of profitable growth in FY 2025.
