{"filings":[{"id":2227956,"accession_number":"0001104659-26-095548","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2026-08-13T13:23:49+00:00","items":["2.02","9.01"],"status":"ready","headline":"ISSC Q3 FY2026 net sales up 10.7% to $26.7M; EPS $0.25 diluted","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $26.7M, +10.7% YoY; gross margin 51.7%.","Net income $4.5M ($0.25 diluted); adjusted net income $6.0M ($0.33 diluted).","EBITDA $7.3M; adjusted EBITDA $7.7M; 9-month operating cash flow $15.5M (+50.4%).","Backlog $82.9M; net debt to trailing 12-month adjusted EBITDA 1.4x.","Completed acquisition of Aydin Displays in July 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1775596,"accession_number":"0001104659-26-085413","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2026-07-21T20:15:29+00:00","items":["1.01","2.01","2.03","8.01","9.01"],"status":"ready","headline":"Innovative Solutions acquires Aydin Displays for $24.5M to expand military display capabilities","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price $24.5M in cash, funded via existing credit facility with J.P. Morgan Chase.","Aydin expected to generate calendar 2026 revenue of approximately $16M.","Aydin supports over 20 military platforms across 80+ countries with ~50 employees.","Acquisition adds ruggedized displays for naval, ground, and aerospace applications.","Operations will continue at Aydin's Birdsboro, PA facility; employees join Innovative Aerosystems."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":78601,"accession_number":"0001104659-26-060758","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2026-05-14T13:05:19+00:00","items":["2.02","9.01"],"status":"ready","headline":"ISSC Q2 net sales $22.4M (+2%), net income $3.4M, completes three acquisitions","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales of $22.4M, up 2% YoY; gross profit $11.4M (51.1% margin).","Net income $3.4M ($0.19 diluted EPS); Adjusted net income $4.8M ($0.26 diluted EPS).","EBITDA $5.9M; Adjusted EBITDA $6.8M; operating cash flow $2.3M (+78% YoY).","Completed three acquisitions during the quarter; Net debt to TTM Adj. EBITDA ratio 1.7x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99141,"accession_number":"0001104659-26-044887","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"ISSC shareholders elect all director nominees, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 7 director nominees elected with majority support; quorum of 14,239,180 shares (80% outstanding).","Ratification of Grant Thornton as auditor passed: 14,186,528 for, 49,219 against.","Advisory vote on say-on-pay frequency: shareholders recommended every year (7,023,647 votes for 1 year).","Advisory vote on executive compensation approved: 9,224,341 for, 63,909 against, 85,775 abstain.","All proposals aligned with management recommendations; no dissident or contested items."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99140,"accession_number":"0001104659-26-038902","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2026-04-02T23:59:59+00:00","items":["1.01","2.01","8.01","9.01"],"status":"ready","headline":"ISSC acquires two Honeywell asset packages for $30M: autopilot/avionics and generator systems","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Autopilot & nav/com assets acquired for $22M cash on March 27; includes IP, contracts, tooling for Part 23 aircraft.","Generator & generator control unit assets for F-15 & 767/KC-46 acquired for $8M cash on March 28 with exclusive license.","Both transactions include Transition Services Agreements for technical support from Honeywell.","Expands ISSC's integrated cockpit avionics platform and electrical power sustainment capabilities for commercial & defense."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114990,"accession_number":"0001104659-26-014012","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Innovative Solutions & Support Q1 FY2026: Net sales $21.8M (+36.5%), EPS $0.22","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $21.8M (+36.5% YoY); gross margin 54.5%, net income $4.1M ($0.22 diluted EPS).","Adjusted net income $4.5M ($0.25 diluted EPS); adjusted EBITDA $7.4M (+140.9%).","Operating cash flow $8.2M (+343%); free cash flow $7.0M (+346%).","Net debt to trailing twelve-month adjusted EBITDA ratio of 0.5x as of Dec 31, 2025."],"consensus_eps_estimate":0.176,"consensus_eps_actual":0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":21807083.0,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131375,"accession_number":"0001104659-25-122364","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ISSC Q4 net sales $22.2M (+44.6%), net income $7.1M ($0.39 EPS); adj. EBITDA +71.1%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $22.2M (+44.6% YoY); gross margin 63.2%; net income $7.1M ($0.39 diluted EPS).","FY2025 net sales $84.3M (+78.6% YoY); net income $15.6M ($0.88 diluted EPS).","Q4 Adjusted EBITDA $9.6M (+71.1%); FY2025 Adjusted EBITDA $24.8M (+81.6%).","Q4 operating cash flow $3.0M (+400%); free cash flow $2.0M (+555%).","Net debt to trailing 12-month Adjusted EBITDA ratio 0.9x as of Sep 30, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131374,"accession_number":"0001104659-25-103240","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-10-28T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"ISSC appoints Richard Silfen as new independent director, expanding board to seven","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Richard Silfen appointed as independent director effective October 28, 2025; board expands from six to seven members.","Silfen is General Counsel of Hildred Capital Management, a healthcare-focused PE firm; previously Co-Chair of M&A at Duane Morris.","Silfen will stand for election at next annual meeting; receives standard non-employee director compensation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147961,"accession_number":"0001558370-25-011488","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-08-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q3 revenue up 105% to $24.1M; nets $0.14 EPS, adjusted EBITDA $4.4M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $24.1M (+105% YoY) driven by F-16 product line; backlog $72.4M.","Net income $2.4M ($0.14 diluted EPS); adjusted EBITDA $4.4M (+43.3%).","Gross margin 35.6% on F-16 costs; expects improvement after production transition.","New $100M credit facility (replaces $35M) provides $65M additional liquidity.","Cash flow ops $10.3M YTD; net debt $22.7M; Exton facility fit-out due early fall."],"consensus_eps_estimate":0.1097,"consensus_eps_actual":0.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":62049775.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147960,"accession_number":"0001558370-25-009373","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-07-22T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"IS&S enters new $100M credit facility with JPMorgan, replacing $35M line","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New credit agreement provides $30M revolver, $25M term loan, and $45M delayed draw term loan.","Facility matures in five years; interest at SOFR plus 175-275 bps based on leverage ratio.","Proceeds refinanced existing $35M PNC line and pay transaction costs; delayed draw for acquisitions.","Includes accordion feature to request up to $25M in additional loan commitments.","CFO cites expanded liquidity and improved flexibility to execute long-term growth strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166681,"accession_number":"0001558370-25-007777","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-05-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q2 FY2025: Revenue doubles to $21.9M, net income $5.3M, adj. EBITDA up 219%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $21.9M (+104% YoY); net income $5.3M ($0.30 diluted EPS) vs $1.2M ($0.07) prior year.","Adjusted EBITDA $7.7M (+219% YoY); gross margin 51.4% (up from 41.4% in Q1).","Backlog $79.6M as of Mar 31, 2025; new orders $20.8M in Q2.","Full-year target: revenue and EBITDA growth >30%; Exton facility expansion on track for mid-2025.","Cash and credit availability ~$8.8M; Honeywell military product integration progressing."],"consensus_eps_estimate":0.153,"consensus_eps_actual":0.34,"consensus_revenue_estimate":null,"consensus_revenue_actual":37904943.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166680,"accession_number":"0001558370-25-005070","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-04-21T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"ISSC shareholders elect all six director nominees, ratify Grant Thornton as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected: Askarpour, Belland, Bressner, Carolin, Dean, Devine; 'for' votes ranged 3.47M–5.56M.","Ratification of Grant Thornton LLP as auditor for FY ending Sep 30, 2025 passed (11.36M for, 35.6K against, 46.7K abstain).","Quorum of 65.2% (11,445,496 shares) present at annual meeting held April 17, 2025.","Broker non-votes totaled 5,796,549 shares for director elections."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184105,"accession_number":"0001104659-25-012941","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-02-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Innovative Solutions & Support Q1 revenue $16.0M, +71.6%; net income $0.04 EPS; adjusted EBITDA $3.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $16.0M (+71.6% YoY); gross margin 41.4% (down from 59.3%) due to mix and acquisition costs.","Net income $0.7M ($0.04 diluted EPS) vs $1.1M ($0.06) in prior year; adjusted EBITDA $3.1M (+24%).","Military revenue rose to $8.0M from $2.0M; backlog $81M; new orders $7.5M.","Guidance: FY2025 revenue and EBITDA growth >30% vs FY2024; margins expected to improve by mid-2025.","Cash $0.6M, total debt $26.5M, net debt $25.9M; liquidity $9.0M including credit facility."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":15968729.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184104,"accession_number":"0001558370-25-000437","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2025-01-27T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Innovative Solutions & Support appoints Denise Devine as independent director; board expands to six.","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Denise Devine appointed as independent director effective Jan 27, 2025; board increases to six members.","Devine also joins Audit Committee; she is a CPA with finance and board experience (Fulton Financial, former Nutripharm CEO).","No material plan or grant in connection with appointment; standard non-employee director compensation applies.","Devine will stand for election at next annual meeting of shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200699,"accession_number":"0001104659-24-130229","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-12-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ISSC reports Q4 revenue $15.4M (+18.4% YoY); full-year net income $7.0M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income of $3.2M ($0.18 diluted EPS); full-year net income $7.0M ($0.40 diluted EPS).","Adjusted EBITDA $5.6M in Q4 (+16.9% YoY); full-year $13.7M (+42.5% YoY).","Backlog as of Sep 30, 2024 was $89.2M, including $74.3M from Sep 27 acquisition.","Net debt $27.5M; credit facility increased to $35M for flexibility.","Management cites new military programs and Honeywell product line acquisitions as growth drivers; expects another profitable year in FY2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200696,"accession_number":"0001104659-24-122346","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K/A","filed_at":"2024-11-25T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Innovative Solutions & Support corrects CEO PSU grant to 201,000 units with price targets","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Shahram Askarpour granted 201,000 performance stock units on Nov 20, 2024.","Vesting triggers: ISSC common stock trades at $10, $12, $14 per share for 20 consecutive days within 4 years.","Unvested units forfeited on termination; accelerated vesting upon change in control if consideration meets vesting price.","Amendment corrects scrivener's error in prior 8-K re total grant amount."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200698,"accession_number":"0001104659-24-122176","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-11-22T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEO Shahram Askarpour granted 201,000 PSUs with vesting at $10/$12/$14 stock price thresholds","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Grant date Nov 20, 2024; PSUs vest in three equal tranches when ISSC trades ≥$10, $12, $14 for 20 consecutive days.","If first tranche ($10) fails to vest by third anniversary, its threshold rises to $12 for remainder of 4-year performance period.","Any unvested PSUs forfeited on termination of employment for any reason; no payment due.","Upon Change in Control, unvested tranches vest if per-share consideration equals or exceeds the applicable vesting price.","Each vested PSU settles into one share of ISSC common stock; PSUs carry no voting or dividend rights until settlement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200697,"accession_number":"0001104659-24-105936","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-10-03T23:59:59+00:00","items":["1.01","2.01","2.03","8.01","9.01"],"status":"ready","headline":"IS&S acquires exclusive license for Honeywell military display generators and flight control computers for $14.2M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired exclusive license for Honeywell's military display generators and flight control computers for $14.2M in cash.","Transaction includes exclusive IP rights, transfer of existing inventory, and assignment of certain contracts.","Increased bank credit facility to $35M with PNC Bank, maturing December 19, 2028, to finance the acquisition.","Acquisition expands IS&S's military aviation presence; company assumes repair, manufacturing, and upgrade responsibilities after transition.","CEO Shahram Askarpour cites strengthened position and operational efficiencies; PNC Bank provided support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216715,"accession_number":"0001104659-24-099324","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-09-12T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"ISSC amends CEO severance: 12 months base pay or 2x salary plus bonus on change of control","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Shahram Askarpour gets 12 months base salary + COBRA if terminated without cause or for good reason outside a change of control.","On a change of control (6 months before to 2 years after), severance rises to 2x (base salary + max bonus), immediate equity vesting, extended option exercise, and 18 months health coverage.","Good reason definition includes material reduction in title/duties, pay cut, relocation >25 miles, or successor not assuming obligations.","Amendment applies a 30-day notice and cure period before resignation for good reason is effective.","Non-compete valuation may reduce excise tax risk under Code Sections 280G and 4999."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216714,"accession_number":"0001104659-24-098281","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-09-10T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"ISSC extends poison pill rights agreement to September 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved amendment to Rights Agreement extending final expiration date to September 10, 2025.","Extension aims to prevent any person or group from gaining control without paying a control premium.","Rights Agreement originally dated September 12, 2022; no other terms were modified.","Company states extension helps Board exercise fiduciary duties and pursue long-term strategic objectives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216713,"accession_number":"0001104659-24-088234","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-08-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ISSC Q3 revenue $11.8M (+47.8% YoY); adjusted EBITDA $3.1M (+61%)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.6M ($0.09 diluted EPS); adjusted net income $1.9M ($0.11 diluted EPS).","Gross margin 53.4% (up from 52.0% in Q2 2024); operating margin 17.3%.","Year-to-date free cash flow $4.8M, up from $0.8M; net leverage reduced to 0.8x from 2.9x post-Honeywell acquisition.","Backlog $9.3M; new orders of $10.6M in Q3; Honeywell product lines driving growth."],"consensus_eps_estimate":null,"consensus_eps_actual":0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":31813214.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":216712,"accession_number":"0001104659-24-083032","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-07-26T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"IS&S acquires additional Honeywell product lines for $4.2M in cash","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Licensed exclusive IP rights to manufacture, upgrade, and repair additional Honeywell communication and navigation products.","Acquired inventory and customer-related assets; expands presence in air transport, business aviation, and military markets.","Transaction complements prior license and asset acquisition from Honeywell completed in June 2023.","Company maintains strong liquidity with cash and credit facility to support operations and future acquisitions.","CEO Shahram Askarpour expects new product lines to drive incremental revenue and operational efficiencies."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236396,"accession_number":"0001104659-24-073485","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-06-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Innovative Solutions grants CFO 31,746 RSUs and change-in-control pact","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CFO Jeffrey DiGiovanni granted 31,746 restricted stock units, vesting quarterly at 8.33% starting Sept 30, 2024.","New change-in-control agreement provides lump-sum payment of 2x (base salary plus max bonus) upon qualifying termination.","All unvested equity awards fully vest upon a qualifying termination within 6 months before to 2 years after change in control.","Company to provide health, dental, vision and disability coverage for 18 months following such termination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236395,"accession_number":"0001104659-24-071367","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-06-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"IS&S board unanimously rejects unsolicited $7.25/share bid from Christopher Harborne","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Unsolicited non-binding proposal from Christopher Harborne to acquire remaining ISSC shares at $7.25/share in cash.","Board unanimously rejected the offer, stating it undervalues IS&S and lacks certainty.","Offer is subject to negotiation, due diligence, execution of definitive agreements, and antitrust clearance.","Company reaffirms confidence in senior management's strategic plan to deliver long-term value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236394,"accession_number":"0001104659-24-066269","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-05-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Innovative Solutions & Support receives unsolicited proposal from Christopher Harborne at $7.25/share","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Receipt of unsolicited non-binding indication from Christopher Harborne to acquire all outstanding ISSC shares at $7.25 per share cash.","Proposal subject to negotiation, due diligence, definitive agreements, and antitrust clearance.","Board will review the indication with advisors to determine course of action.","Company advises shareholders to take no action; no further comment until board completes review."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236393,"accession_number":"0001104659-24-062581","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Innovative Solutions appoints Maj. Gen. Garry Dean as independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Major General Garry C. Dean appointed to the Board as independent director effective May 16, 2024.","Dean retired as Director of National Guard Bureau Joint Staff; former F-15 pilot with 4,000+ flight hours.","Board expanded to five directors; Dean will stand for election at the next annual shareholder meeting.","Currently serves as President of Peduzzi Associates, Senior Advisor to Vita Inclinata Technologies."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236392,"accession_number":"0001104659-24-061118","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q2 fiscal 2024 sales up 46% to $10.7M; net income $0.07 per share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $10.7M, up 46% from $7.3M; net income $1.2M ($0.07 EPS) vs $1.3M ($0.07) prior year.","Includes ~$500K amortization and one-time costs from Honeywell acquisition; profitability rose excluding those items.","First-half operating cash flow $4.4M positive despite integration costs; new orders $6.6M and backlog $10.4M.","Backlog excludes long-term OEM programs (Pilatus PC-24, Textron King Air, Boeing T-7, KC-46A).","CEO cited double-digit sales momentum; welcomed new CFO Jeff DiGiovanni."],"consensus_eps_estimate":null,"consensus_eps_actual":0.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":20047579.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236391,"accession_number":"0001104659-24-050579","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-04-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"ISSC shareholders elect directors, approve stock plan, ratify auditor at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected directors Askarpour, Carolin, Bressner, Belland with 5.5M–9.1M For votes; broker non-votes ~4.6M.","Approved Amended and Restated 2019 Stock-Based Incentive Compensation Plan: 10.0M For, 421K Against, 8K Abstain.","Ratified Grant Thornton LLP as independent auditor for FY2024: 13.4M For, 1.7M Against, 7K Abstain.","Annual meeting quorum: 15.07M shares (86.28% of outstanding) present."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254051,"accession_number":"0001104659-24-037253","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-03-21T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Innovative Solutions & Support appoints Jeffrey DiGiovanni as CFO effective April 8","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jeffrey DiGiovanni named CFO effective April 8, 2024; replaces interim CFO Relland Winand.","DiGiovanni most recently CFO of StoneMor Inc.; base salary $325,000, target bonus 50%.","Receives RSUs and stock options each valued at $250,000 vesting over 4 years.","Winand receives $125,000 special bonus, then $20,000/month consulting fee through transition.","CEO cites DiGiovanni's public company CFO, SEC reporting, and M&A experience."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254050,"accession_number":"0001104659-24-029358","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-02-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Parizad Olver will not stand for reelection at 2024 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Parizad Olver notified board she will not stand for reelection at 2024 annual meeting.","Her decision is not due to any disagreement with the company on operations, policies, or practices.","Her term will expire at the 2024 Annual Meeting; no successor named."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254049,"accession_number":"0001104659-24-023636","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Innovative Solutions & Support Q1 net sales up 43% to $9.3M, net income up 51%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $9.3M (+43% YoY); net income $1.06M / $0.06 EPS (+51% from $0.04).","Gross margin improved to 59.3% from 57.1%; debt reduced $8.9M to $10.6M.","Cash from operations $4.2M; new orders $10.4M, backlog $14.6M.","Honeywell product line integration progressing, contributing to growth."],"consensus_eps_estimate":null,"consensus_eps_actual":0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":9308063.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254048,"accession_number":"0001104659-24-010027","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2024-02-02T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"ISSC regains Nasdaq compliance after audit committee composition issue","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Company inadvertently violated Nasdaq Rule 5605(c)(2) due to audit committee member not independent.","Parizad Olver Parchi removed from Audit Committee after $72,990 consulting fee to her firm.","Stephen Belland appointed to Audit Committee effective January 28, 2024.","Nasdaq confirmed compliance regained on January 31, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271519,"accession_number":"0001104659-23-128891","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-12-22T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"ISSC expands revolving credit line from $10M to $30M, extends maturity to 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amended credit facility with PNC Bank: line increased from $10M to $30M; maturity extended to Dec 19, 2028.","Proceeds to pay off existing $20M term loan and fund working capital, general purposes, and permitted acquisitions.","Interest rate: Daily SOFR plus spread of 1.50%-2.50% based on funded debt/EBITDA, plus 10 bps SOFR adjustment.","New covenant: Funded Debt to EBITDA ratio must be less than 3.0x, measured quarterly starting Q4 2023.","Allows up to three acquisitions under $10M each without bank consent, subject to leverage and liquidity tests."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271518,"accession_number":"0001104659-23-127737","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-12-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q4 net sales up 79% to $13M; FY2023 revenue $34.8M (+26%); cash over $8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $13.0M (+79% YoY); net income $2.6M ($0.15 EPS) vs $1.6M ($0.09 EPS) a year ago.","FY2023 revenue $34.8M (+26% YoY); net income $6.0M ($0.35 EPS) vs $5.5M ($0.32 EPS) prior year.","Cash on hand >$8M as of Dec 19, 2023, up from $3.1M at Sep 30, 2023; aided by receivables and aircraft sale.","Honeywell acquisition integration on track; expected to boost annualized revenues ~40% from pre-acquisition levels in FY2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271517,"accession_number":"0001104659-23-117401","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-11-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"ISSC CFO Linacre resigns effective Nov 8; former CFO Winand returns as interim","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael Linacre resigned as CFO of Innovative Solutions and Support, effective November 8, 2023.","Relland Winand, former CFO (2014-2022), appointed interim CFO effective November 8, 2023.","Winand receives $250,000 annual base salary per offer letter dated November 8, 2023.","Winand, age 69, has over 30 years of financial management experience in public manufacturing companies.","Winand's employment is at-will; no family relationships or related party transactions disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288394,"accession_number":"0001104659-23-103243","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-09-22T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Innovative Solutions and Support enters $40M ATM equity offering with Stifel","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to $40M of common stock may be sold at market through Stifel as sales agent.","Agent compensation capped at 3.0% of gross proceeds per share sold.","Company not obligated to sell shares; sales depend on market conditions and price.","Proceeds for general corporate purposes including debt repayment, acquisitions, and working capital.","Shares offered under effective shelf registration; prospectus supplement filed Sep 22, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288389,"accession_number":"0001104659-23-100920","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K/A","filed_at":"2023-09-15T23:59:59+00:00","items":["9.01","2.01"],"status":"ready","headline":"ISSC completes $36M acquisition of Honeywell inertial/nav product lines; posts historicals","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired product lines had net sales of $21.5M in 2022 and $8.9M in H1 2023.","Net sales minus direct costs were $9.55M (2022) and $4.83M (H1 2023).","Assets acquired as of June 30, 2023: $9.1M inventory, $1.5M equipment; total $10.6M.","Transaction closed June 30, 2023 for $36M cash; pro forma combined statements included.","Filing corrects auditor report date to Sept 14, 2023 and adds signed consent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288388,"accession_number":"0001104659-23-100499","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K/A","filed_at":"2023-09-13T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"ISSC closes $36M asset purchase of Honeywell inertial, communication & navigation product lines","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired business had net sales of $21.5M and $20.6M for years ended Dec 2022 and 2021, respectively.","Net sales in excess of direct costs were $9.6M (2022) and $7.8M (2021); inventory acquired ~$9.1M as of June 2023.","Deal includes perpetual IP licenses, inventory, equipment, and a transition services agreement at no extra cost.","Pro forma combined statements for ISSC reflect addition of acquired revenue; no adjustments for synergies shown.","Assets acquired as of June 30, 2023 total ~$10.6M (inventory $9.1M, equipment $1.5M)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288393,"accession_number":"0001104659-23-097744","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-09-01T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"Innovative Solutions extends shareholder rights plan to Sept 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved Amendment to Rights Agreement extending Final Expiration Date to close of business on September 10, 2024.","Original Rights Agreement dated September 12, 2022, extended by one year to maintain anti-takeover protections.","Purpose: prevent any person or group from gaining control without paying a control premium; allow Board time to assess actions.","Rights Agent is Broadridge Corporate Issuer Solutions; full Amendment filed as Exhibit 4.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288392,"accession_number":"0001104659-23-090434","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-08-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q3 net sales up 14.8% to $8.0M; Honeywell license acquisition to boost revenue 40% annually","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $8.0M (+14.8% YoY); gross profit $4.7M (59.5% of sales); net income $1.4M ($0.08 per share) flat YoY.","Completed exclusive license and asset acquisition of Honeywell product lines June 30, 2023; expects 40% revenue boost, ~75% EBITDA increase integrated in 2024.","Secured $20M term loan to strengthen financial position; cash on hand $2.6M after acquisition funding.","Backlog $13.8M vs $12.6M a year ago; new orders $6.9M in Q3.","Generated $6.4M cash from operations in first nine months of fiscal 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":21815917.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288391,"accession_number":"0001104659-23-079335","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-07-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"IS&S acquires exclusive license and assets for Honeywell product lines; expects FY2024 accretion","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired exclusive IP rights and assets for Honeywell Inertial, Communication, Navigation product lines.","Expects transaction to be accretive to EPS in fiscal 2024 with potential for further net income increases.","Secured new bank facilities to fund purchase price and maintain ample liquidity for operations.","Purchase price not disclosed; deal includes inventory, test, tooling, and other equipment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288390,"accession_number":"0001104659-23-079122","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-07-07T23:59:59+00:00","items":["1.01","2.01","2.03","9.01"],"status":"ready","headline":"ISSC acquires Honeywell inertial, communication, navigation product lines for $36M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired assets and licenses from Honeywell for $36M cash; transaction closed June 30, 2023.","Financed with a $20M senior secured term loan from PNC Bank (floating rate, 10-year amortization).","Also secured a $10M senior secured revolving line of credit from PNC, expiring May 2028.","Expands product offerings in inertial, communication, and navigation systems for ISSC."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":308879,"accession_number":"0001104659-23-057211","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q2 FY2023 sales up 7.2% to $7.3M; net income $0.07 per share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $7.3M (+7.2% YoY); gross margin 64.6% vs 61.1%.","Net income $1.3M ($0.07 EPS) vs $1.4M ($0.08) a year ago; higher G&A and R&D offset revenue growth.","Backlog rose to $14.8M (vs $7.5M prior year); new orders of $13.6M in Q2.","Cash $19.8M, no debt; Articles of Incorporation updated to enable inorganic growth.","CEO: strong aftermarket demand; expects higher production utilization to boost margins."],"consensus_eps_estimate":null,"consensus_eps_actual":0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":13856709.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":308878,"accession_number":"0001104659-23-046322","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2023-04-18T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Innovative Solutions and Support shareholders approve charter amendment; director Churchill fails re-election","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment to Articles of Incorporation approved: 11,556,358 for, 2,894,310 against (required 65% of outstanding shares).","Director Winston J. Churchill not re-elected: 5,459,764 for, 9,009,685 withheld; all other nominees re-elected.","Ratification of Grant Thornton LLP as independent auditor for FY2023 approved: 16,465,038 for, 31,286 against.","Board determined to hold advisory say-on-pay vote every three years based on shareholder frequency vote (6,925,801 for 3 years)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":345352,"accession_number":"0001104659-22-127533","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2022-12-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"IS&S Q4 sales $7.3M (+5.7% YoY), net income $1.6M; FY sales $27.7M (+20.4% YoY), EPS $0.32","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $7.3M in Q4 FY2022, up 5.7% from $6.9M a year ago; net income $1.6M ($0.09 per share).","Full-year FY2022 sales $27.7M, up 20.4% from $23.0M; net income $5.5M ($0.32 per share) vs $5.1M ($0.29).","Operating income $6.0M in FY2022, up 54.5% from $3.9M; cash on hand $17.3M with no debt.","New orders in Q4 ~$6.5M; backlog $11.8M, supported by long-term programs (PC-24, King Air, KC-46A).","CEO cites fourth consecutive year of revenue and earnings growth; cash flows from operations $6.1M for FY."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":361801,"accession_number":"0001104659-22-099272","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2022-09-12T23:59:59+00:00","items":["1.01","3.03","5.03","8.01","9.01"],"status":"ready","headline":"Innovative Solutions and Support adopts stockholder rights plan with 15% trigger, rights expire Sept 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Rights plan triggered if any person or group acquires 15% or more of outstanding common stock.","Each right entitles holder to purchase one one-thousandth of Series B Preferred at $41.57; exercisable at 50% discount after trigger.","Dividend of one right per common share declared, record date Sept 27, 2022; rights expire Sept 12, 2023.","Plan not adopted in response to any specific takeover proposal, per CEO; rights may be redeemed for $0.001 before trigger."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":361800,"accession_number":"0001104659-22-088657","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2022-08-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ISSC Q3 fiscal 2022 sales $6.9M (+12%), operating income up 41%; backlog $12.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $6.9M (+12% YoY); net income $1.4M ($0.08/sh) vs $2.7M ($0.16/sh) last year which included $1.5M tax benefit.","Operating income rose 41% to $1.7M; nine-month operating income up 138% to $4.9M.","Cash on hand $14.5M, up from $8.3M at fiscal year end; net cash from ops $6.4M YTD.","New orders $12M in Q3; backlog $12.6M, up from $7.5M at March 31, 2022.","Appointed new CFO Michael Linacre and added two board members with aviation experience."],"consensus_eps_estimate":null,"consensus_eps_actual":0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":20477574.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":361799,"accession_number":"0001104659-22-079167","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2022-07-12T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"ISSC appoints Michael Linacre as CFO; Relland Winand retires effective July 15, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Relland M. Winand retires as CFO effective July 15, 2022, after serving since December 2014.","Michael Linacre appointed CFO immediately upon Winand's retirement; Linacre is a licensed CPA.","Linacre's base salary set at $230,000; eligible for 2019 Stock-Based Incentive Plan awards and benefits.","Linacre previously served as CFO of Sysco Albany and Crisafulli Bros. Plumbing & Heating.","No family relationships or related party transactions exist between Linacre and the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":381232,"accession_number":"0001104659-22-073520","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2022-06-22T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Innovative Solutions & Support appoints Parizad Olver to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Parizad Olver appointed to board effective June 22, 2022; will serve until next annual meeting.","Olver is founder and managing partner of Panorama Aero, a special mission aerospace lessor.","She previously held leadership roles at Cowen Inc., including President and CEO of Cowen Aviation Finance.","Non-employee director compensation: $25K annual cash, $1,500 per board/committee meeting, plus $40K target RSU award."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":381231,"accession_number":"0001104659-22-068980","cik":836690,"company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","ticker":"ISSC","form_type":"8-K","filed_at":"2022-06-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"IS&S appoints Stephen L. Belland to Board of Directors effective June 7, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Belland appointed as director, term expires at next annual meeting or until successor elected.","Belland has 37+ years in aerospace/defense; co-founder of Integrated Connection, former VP at Rockwell Collins.","As non-employee director, receives $25k annual cash, $1,500 meeting fees, and $40k target restricted stock award."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":310618085.97510374,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-06-07T23:59:59+00:00|381231"}