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Innovative Solutions and Support(ISSC) - 2020 Q2 - Quarterly Report
2020-05-15 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [For the transition period from _____________________ to ___________________________] Commission File No. 000-31157 FORM 10-Q INNOVATIVE SOLUTIONS AND SUPPORT, INC. x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ¨ Emerging growth company Securities register ...
Innovative Solutions and Support(ISSC) - 2020 Q2 - Earnings Call Transcript
2020-05-14 19:28
Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Q2 2020 Earnings Conference Call May 14, 2020 10:00 AM ET Company Participants Geoffrey Hedrick - Chairman and CEO Shahram Askarpour - President Relland Winand - CFO Conference Call Participants David Campbell - Thompson Davis & Company George Marema - Pareto Ventures Steve Rudd - Blackwell Operator Good day and welcome to Innovative Solutions and Support Second Quarter 2020 Earnings Conference Call and Webcast. All participants will be in listen-only mod ...
Innovative Solutions and Support(ISSC) - 2020 Q1 - Earnings Call Transcript
2020-02-07 22:26
Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Q1 2020 Results Earnings Conference Call February 6, 2020 10:00 AM ET Company Participants Geoffrey Hedrick - Chairman and Chief Executive Officer Shahram Askarpour - President Relland Winand - Chief Financial Officer Conference Call Participants George Marema - Pareto Ventures Mike Heberg - Axiom Operator Good morning. And welcome to Innovative Solutions and Supports First Quarter 2020 Earnings Conference Call. All participants will be in listen-only mod ...
Innovative Solutions and Support(ISSC) - 2020 Q1 - Quarterly Report
2020-02-07 21:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 720 Pennsylvania Drive, Exton, Pennsylvania 19341 (Address of Principal Executive Offices) (Zip Code) FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [For the transition period from _____________________ to ___________________________] Commissio ...
Innovative Solutions and Support(ISSC) - 2019 Q4 - Annual Report
2019-12-23 21:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 000-31157 INNOVATIVE SOLUTIONS AND SUPPORT, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-2507402 (S ...
Innovative Solutions and Support(ISSC) - 2019 Q4 - Earnings Call Transcript
2019-12-12 19:41
Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Q4 2019 Earnings Conference Call December 12, 2019 10:00 AM ET Company Participants Geoffrey Hedrick - Chairman & CEO Relland Winand - CFO Shahram Askarpour - President Conference Call Participants David Campbell - Thompson, Davis & Company George Marema - Pareto Venture Charlie Pine - Van Clemens & Company Operator Good morning, and welcome to Innovative Solutions and Support's Fourth Quarter 2019 Earnings Conference Call. All participants will be in lis ...
Innovative Solutions and Support(ISSC) - 2019 Q3 - Earnings Call Transcript
2019-08-12 09:39
Innovative Solutions & Support, Inc. (NASDAQ:ISSC) Q3 2019 Earnings Conference Call August 8, 2019 10:00 AM ET Company Participants Geoffrey Hedrick - Chairman & CEO Relland Winand - CFO Shahram Askarpour - President Conference Call Participants David Campbell - Thompson, Davis & Company Charlie Pine - Van Clemens & Company Operator Good day, and welcome to Innovative Solutions and Support's Third Quarter 2019 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded. At ...
Innovative Solutions and Support(ISSC) - 2019 Q3 - Quarterly Report
2019-08-09 20:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [For the transition period from to ] Commission File No. 000-31157 INNOVATIVE SOLUTIONS AND SUPPORT, INC. (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-2507402 Washington, D.C. 20549 FORM 10-Q ...
Innovative Solutions and Support(ISSC) - 2019 Q2 - Earnings Call Transcript
2019-05-10 23:55
Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2019 was $4.2 million, marking a significant increase from the same quarter in 2018 and representing the second consecutive quarter of revenue growth for fiscal 2019 [9] - Gross margins improved to 56%, up from 44% in the same quarter last year, reflecting better leverage from increased revenues and reduced direct material costs [10] - Operating expenses decreased to $2.2 million, down from approximately $2.8 million in the same quarter a year ago, due to workforce reductions and variability in expenses [11] - The company reported a net income of $202,000 or $0.01 per share, compared to a net loss of $1.3 million or $0.08 per share in the same quarter last year [13] Business Line Data and Key Metrics Changes - All three market segments—commercial air transport, general aviation, and military—contributed to revenue growth, with significant sales driven by retrofit programs and new product offerings [4][5] - Product sales accounted for approximately 88% of total revenue, with engineering services making up the remainder [9] - The military segment is seeing progress with new air data computer development contracts, with test units delivered to the navy for evaluation [6][17] Market Data and Key Metrics Changes - The commercial air transport segment saw increased orders for flat-panel displays for Boeing 757 and 767, driven by existing customer needs [14] - The general aviation market is experiencing heightened interest in the ThrustSense autothrottle, particularly following the receipt of a Supplemental Type Certificate (STC) for the King Air [18][19] - The backlog as of March 31, 2019, was $5.5 million, indicating steady progress in the company's tech strategy [20] Company Strategy and Development Direction - The company is focusing resources on fewer, more promising opportunities, leading to improved productivity and shorter development cycles [6] - The ThrustSense autothrottle is seen as a key growth opportunity, with aggressive marketing efforts underway to capitalize on its safety features and low installation costs [8][19] - The company aims to enhance its product portfolio and is optimistic about future revenue growth from the general aviation market [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improving end markets and the effectiveness of the company's focused strategy [22] - The company is confident in its ability to generate positive cash flow and has sufficient cash reserves to fund operations for the foreseeable future [13] - Management acknowledged the uncertainty in the Chinese market but emphasized the pragmatic nature of business relationships, suggesting continued opportunities [35][36] Other Important Information - The company generated $900,000 in cash during the quarter, marking a positive cash flow for the second consecutive quarter [4] - The company has over $21 million in cash on hand and no debt, indicating a strong financial position [13] Q&A Session Summary Question: Clarification on 757 and 767 business sources - Management indicated that the 757 business is primarily from existing customers needing upgrades due to the end of support for existing equipment [24][27] Question: Revenue expectations for the rest of the fiscal year - Management expects a slow ramp-up in revenues, consistent with the increase in backlog [38][39] Question: Details on the STC for King Air - The STC was achieved earlier than anticipated due to a strategic deployment of the autothrottle system, allowing for earlier installations [50][52] Question: Value proposition of ThrustSense autothrottle - The ThrustSense provides significant engine protection, potentially saving owners substantial costs associated with engine repairs [80][81] Question: Future STC developments - Management is uncertain about the next STC but is optimistic about future opportunities [89] Question: Significance of the KC-46 program - The KC-46 program is a good-sized opportunity but not a significant revenue driver for the company [91][93]
Innovative Solutions and Support(ISSC) - 2019 Q2 - Quarterly Report
2019-05-10 20:03
Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION [For the transition period from to ] Commission File No. 000-31157 INNOVATIVE SOLUTIONS AND SUPPORT, INC. (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-25074 ...