ISSC reports Q4 revenue $15.4M (+18.4% YoY); full-year net income $7.0M

INNOVATIVE SOLUTIONS & SUPPORT INC

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.

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