earnings
confidence high
sentiment positive
materiality 0.75
ISSC Q3 revenue $11.8M (+47.8% YoY); adjusted EBITDA $3.1M (+61%)
INNOVATIVE SOLUTIONS & SUPPORT INC
2024-Q3 EPS reported
$0.22
revenue$31,813,214
- 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.