ISSC INNOVATIVE SOLUTIONS & SUPPORT INC

CIK 0000836690 50 ready 8-Ks latest August 13, 2026, 9:23 AM ET RSS · JSON

Activity: NORMAL 1 filings / 30d vs 1 baseline

Ready 8-Ks 50

Latest filing August 13, 2026, 9:23 AM ET

Top materiality 0.85

Event mix earnings ×16 · other_material ×10 · m_and_a ×9

Sentiment 23 pos · 0 neg · 27 neu

Latest earnings ▲ beat 2026-Q1

Executive change recent →

SHENANIGAN SCORE 1 / 7 see the board

Recent 8-K filings for ISSC

Highest-materiality recent filing

IS&S Q2 FY2025: Revenue doubles to $21.9M, net income $5.3M, adj. EBITDA up 219%

May 14, 2025, 7:59 PM ET earnings materiality 0.85 positive item 2.02 item 9.01

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).

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August 13, 2026, 9:23 AM ET earnings materiality 0.70 positive item 2.02 item 9.01

ISSC Q3 FY2026 net sales up 10.7% to $26.7M; EPS $0.25 diluted

Net sales $26.7M, +10.7% YoY; gross margin 51.7%.
July 21, 2026, 4:15 PM ET M&A materiality 0.75 positive item 1.01 item 2.01 item 2.03 item 8.01 item 9.01

Innovative Solutions acquires Aydin Displays for $24.5M to expand military display capabilities

Purchase price $24.5M in cash, funded via existing credit facility with J.P. Morgan Chase.
May 14, 2026, 9:05 AM ET earnings materiality 0.70 positive item 2.02 item 9.01 ◈ Earnings Releases

ISSC Q2 net sales $22.4M (+2%), net income $3.4M, completes three acquisitions

Net sales of $22.4M, up 2% YoY; gross profit $11.4M (51.1% margin).
April 17, 2026, 7:59 PM ET other materiality 0.15 neutral item 5.07

ISSC shareholders elect all director nominees, ratify auditor, approve say-on-pay

All 7 director nominees elected with majority support; quorum of 14,239,180 shares (80% outstanding).
April 2, 2026, 7:59 PM ET M&A materiality 0.80 positive item 1.01 item 2.01 item 8.01 item 9.01 ◈ M&A Transactions ×2◈ Material Agreements ×2

ISSC acquires two Honeywell asset packages for $30M: autopilot/avionics and generator systems

Autopilot & nav/com assets acquired for $22M cash on March 27; includes IP, contracts, tooling for Part 23 aircraft.
February 12, 2026, 6:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

Innovative Solutions & Support Q1 FY2026: Net sales $21.8M (+36.5%), EPS $0.22

Net sales $21.8M (+36.5% YoY); gross margin 54.5%, net income $4.1M ($0.22 diluted EPS).
December 18, 2025, 6:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

ISSC Q4 net sales $22.2M (+44.6%), net income $7.1M ($0.39 EPS); adj. EBITDA +71.1%

Q4 net sales $22.2M (+44.6% YoY); gross margin 63.2%; net income $7.1M ($0.39 diluted EPS).
October 28, 2025, 7:59 PM ET leadership materiality 0.35 neutral item 5.02 item 8.01 item 9.01

ISSC appoints Richard Silfen as new independent director, expanding board to seven

Richard Silfen appointed as independent director effective October 28, 2025; board expands from six to seven members.
August 14, 2025, 7:59 PM ET earnings materiality 0.78 positive item 2.02 item 9.01

IS&S Q3 revenue up 105% to $24.1M; nets $0.14 EPS, adjusted EBITDA $4.4M

Revenue $24.1M (+105% YoY) driven by F-16 product line; backlog $72.4M.
July 22, 2025, 7:59 PM ET debt materiality 0.65 positive item 1.01 item 2.03 item 8.01 item 9.01 ◈ Debt Financings

IS&S enters new $100M credit facility with JPMorgan, replacing $35M line

New credit agreement provides $30M revolver, $25M term loan, and $45M delayed draw term loan.
May 14, 2025, 7:59 PM ET earnings materiality 0.85 positive item 2.02 item 9.01

IS&S Q2 FY2025: Revenue doubles to $21.9M, net income $5.3M, adj. EBITDA up 219%

Revenue $21.9M (+104% YoY); net income $5.3M ($0.30 diluted EPS) vs $1.2M ($0.07) prior year.
April 21, 2025, 7:59 PM ET other materiality 0.15 neutral item 5.07 item 9.01

ISSC shareholders elect all six director nominees, ratify Grant Thornton as auditor

All six director nominees elected: Askarpour, Belland, Bressner, Carolin, Dean, Devine; 'for' votes ranged 3.47M–5.56M.
February 13, 2025, 6:59 PM ET earnings materiality 0.65 neutral item 2.02 item 9.01

Innovative Solutions & Support Q1 revenue $16.0M, +71.6%; net income $0.04 EPS; adjusted EBITDA $3.1M

Revenue $16.0M (+71.6% YoY); gross margin 41.4% (down from 59.3%) due to mix and acquisition costs.
January 27, 2025, 6:59 PM ET leadership materiality 0.40 positive item 5.02 item 8.01 item 9.01 ◈ executive_change

Innovative Solutions & Support appoints Denise Devine as independent director; board expands to six.

Denise Devine appointed as independent director effective Jan 27, 2025; board increases to six members.
December 19, 2024, 6:59 PM ET earnings materiality 0.60 positive item 2.02 item 9.01

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

Q4 net income of $3.2M ($0.18 diluted EPS); full-year net income $7.0M ($0.40 diluted EPS).
November 25, 2024, 6:59 PM ET other material materiality 0.30 neutral item 5.02

Innovative Solutions & Support corrects CEO PSU grant to 201,000 units with price targets

CEO Shahram Askarpour granted 201,000 performance stock units on Nov 20, 2024.
November 22, 2024, 6:59 PM ET other material materiality 0.60 neutral item 5.02 item 9.01

CEO Shahram Askarpour granted 201,000 PSUs with vesting at $10/$12/$14 stock price thresholds

Grant date Nov 20, 2024; PSUs vest in three equal tranches when ISSC trades ≥$10, $12, $14 for 20 consecutive days.
October 3, 2024, 7:59 PM ET M&A materiality 0.75 positive item 1.01 item 2.01 item 2.03 item 8.01 item 9.01 ◈ M&A Transactions

IS&S acquires exclusive license for Honeywell military display generators and flight control computers for $14.2M

Acquired exclusive license for Honeywell's military display generators and flight control computers for $14.2M in cash.
September 12, 2024, 7:59 PM ET other material materiality 0.50 neutral item 5.02 item 9.01

ISSC amends CEO severance: 12 months base pay or 2x salary plus bonus on change of control

CEO Shahram Askarpour gets 12 months base salary + COBRA if terminated without cause or for good reason outside a change of control.
September 10, 2024, 7:59 PM ET other material materiality 0.35 neutral item 1.01 item 3.03 item 9.01

ISSC extends poison pill rights agreement to September 2025

Board approved amendment to Rights Agreement extending final expiration date to September 10, 2025.
August 12, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

ISSC Q3 revenue $11.8M (+47.8% YoY); adjusted EBITDA $3.1M (+61%)

Net income $1.6M ($0.09 diluted EPS); adjusted net income $1.9M ($0.11 diluted EPS).
July 26, 2024, 7:59 PM ET other material materiality 0.65 positive item 1.01 item 9.01

IS&S acquires additional Honeywell product lines for $4.2M in cash

Licensed exclusive IP rights to manufacture, upgrade, and repair additional Honeywell communication and navigation products.
June 20, 2024, 7:59 PM ET other material materiality 0.60 neutral item 5.02 item 9.01

Innovative Solutions grants CFO 31,746 RSUs and change-in-control pact

CFO Jeffrey DiGiovanni granted 31,746 restricted stock units, vesting quarterly at 8.33% starting Sept 30, 2024.
June 14, 2024, 7:59 PM ET M&A materiality 0.65 neutral item 7.01 item 9.01

IS&S board unanimously rejects unsolicited $7.25/share bid from Christopher Harborne

Unsolicited non-binding proposal from Christopher Harborne to acquire remaining ISSC shares at $7.25/share in cash.
May 30, 2024, 7:59 PM ET M&A materiality 0.75 neutral item 7.01 item 9.01

Innovative Solutions & Support receives unsolicited proposal from Christopher Harborne at $7.25/share

Receipt of unsolicited non-binding indication from Christopher Harborne to acquire all outstanding ISSC shares at $7.25 per share cash.
May 16, 2024, 7:59 PM ET leadership materiality 0.40 neutral item 5.02 item 8.01 item 9.01 ◈ executive_change

Innovative Solutions appoints Maj. Gen. Garry Dean as independent director

Major General Garry C. Dean appointed to the Board as independent director effective May 16, 2024.
May 14, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01 ◈ Earnings Releases

IS&S Q2 fiscal 2024 sales up 46% to $10.7M; net income $0.07 per share

Net sales $10.7M, up 46% from $7.3M; net income $1.2M ($0.07 EPS) vs $1.3M ($0.07) prior year.
April 23, 2024, 7:59 PM ET other materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×3

ISSC shareholders elect directors, approve stock plan, ratify auditor at annual meeting

Elected directors Askarpour, Carolin, Bressner, Belland with 5.5M–9.1M For votes; broker non-votes ~4.6M.
March 21, 2024, 7:59 PM ET leadership materiality 0.65 neutral item 5.02 item 8.01 item 9.01 ◈ executive_change ×2

Innovative Solutions & Support appoints Jeffrey DiGiovanni as CFO effective April 8

Jeffrey DiGiovanni named CFO effective April 8, 2024; replaces interim CFO Relland Winand.
February 29, 2024, 6:59 PM ET leadership materiality 0.30 neutral item 5.02 item 9.01 ◈ executive_change

Director Parizad Olver will not stand for reelection at 2024 annual meeting

Director Parizad Olver notified board she will not stand for reelection at 2024 annual meeting.
February 14, 2024, 6:59 PM ET earnings materiality 0.60 positive item 2.02 item 9.01 ◈ Earnings Releases

Innovative Solutions & Support Q1 net sales up 43% to $9.3M, net income up 51%

Net sales $9.3M (+43% YoY); net income $1.06M / $0.06 EPS (+51% from $0.04).
February 2, 2024, 6:59 PM ET regulatory materiality 0.20 neutral item 3.01 ◈ Listing & Compliance Notices

ISSC regains Nasdaq compliance after audit committee composition issue

Company inadvertently violated Nasdaq Rule 5605(c)(2) due to audit committee member not independent.
December 22, 2023, 6:59 PM ET debt materiality 0.55 neutral item 1.01 item 2.03 item 9.01 ◈ Debt Financings◈ Material Agreements

ISSC expands revolving credit line from $10M to $30M, extends maturity to 2028

Amended credit facility with PNC Bank: line increased from $10M to $30M; maturity extended to Dec 19, 2028.
December 20, 2023, 6:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01 ◈ Earnings Releases ×2

IS&S Q4 net sales up 79% to $13M; FY2023 revenue $34.8M (+26%); cash over $8M

Q4 net sales $13.0M (+79% YoY); net income $2.6M ($0.15 EPS) vs $1.6M ($0.09 EPS) a year ago.
November 14, 2023, 6:59 PM ET leadership materiality 0.55 neutral item 5.02 item 9.01 ◈ executive_change ×2

ISSC CFO Linacre resigns effective Nov 8; former CFO Winand returns as interim

Michael Linacre resigned as CFO of Innovative Solutions and Support, effective November 8, 2023.
September 22, 2023, 7:59 PM ET other material materiality 0.60 neutral item 1.01 item 9.01 ◈ Material Agreements

Innovative Solutions and Support enters $40M ATM equity offering with Stifel

Up to $40M of common stock may be sold at market through Stifel as sales agent.
September 15, 2023, 7:59 PM ET M&A materiality 0.60 neutral item 9.01 item 2.01 ◈ M&A Transactions

ISSC completes $36M acquisition of Honeywell inertial/nav product lines; posts historicals

Acquired product lines had net sales of $21.5M in 2022 and $8.9M in H1 2023.
September 13, 2023, 7:59 PM ET M&A materiality 0.80 neutral item 2.01 item 9.01

ISSC closes $36M asset purchase of Honeywell inertial, communication & navigation product lines

Acquired business had net sales of $21.5M and $20.6M for years ended Dec 2022 and 2021, respectively.
September 1, 2023, 7:59 PM ET other material materiality 0.30 neutral item 1.01 item 3.03 item 9.01

Innovative Solutions extends shareholder rights plan to Sept 2024

Board approved Amendment to Rights Agreement extending Final Expiration Date to close of business on September 10, 2024.
August 11, 2023, 7:59 PM ET earnings materiality 0.65 positive item 2.02 item 9.01 ◈ Earnings Releases

IS&S Q3 net sales up 14.8% to $8.0M; Honeywell license acquisition to boost revenue 40% annually

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.
July 10, 2023, 7:59 PM ET M&A materiality 0.75 positive item 7.01 item 9.01

IS&S acquires exclusive license and assets for Honeywell product lines; expects FY2024 accretion

Acquired exclusive IP rights and assets for Honeywell Inertial, Communication, Navigation product lines.
July 7, 2023, 7:59 PM ET M&A materiality 0.85 positive item 1.01 item 2.01 item 2.03 item 9.01 ◈ Material Agreements ×2◈ M&A Transactions

ISSC acquires Honeywell inertial, communication, navigation product lines for $36M cash

Acquired assets and licenses from Honeywell for $36M cash; transaction closed June 30, 2023.
May 8, 2023, 7:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01 ◈ Earnings Releases

IS&S Q2 FY2023 sales up 7.2% to $7.3M; net income $0.07 per share

Net sales $7.3M (+7.2% YoY); gross margin 64.6% vs 61.1%.
April 18, 2023, 7:59 PM ET other material materiality 0.55 neutral item 5.03 item 5.07 item 9.01 ◈ Shareholder Votes ×4◈ Governance Changes

Innovative Solutions and Support shareholders approve charter amendment; director Churchill fails re-election

Amendment to Articles of Incorporation approved: 11,556,358 for, 2,894,310 against (required 65% of outstanding shares).
December 16, 2022, 6:59 PM ET earnings materiality 0.65 positive item 2.02 item 9.01 ◈ Earnings Releases ×2

IS&S Q4 sales $7.3M (+5.7% YoY), net income $1.6M; FY sales $27.7M (+20.4% YoY), EPS $0.32

Net sales $7.3M in Q4 FY2022, up 5.7% from $6.9M a year ago; net income $1.6M ($0.09 per share).
September 12, 2022, 7:59 PM ET other material materiality 0.60 neutral item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Innovative Solutions and Support adopts stockholder rights plan with 15% trigger, rights expire Sept 2023

Rights plan triggered if any person or group acquires 15% or more of outstanding common stock.
August 10, 2022, 7:59 PM ET earnings materiality 0.70 positive item 2.02 item 9.01

ISSC Q3 fiscal 2022 sales $6.9M (+12%), operating income up 41%; backlog $12.6M

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.
July 12, 2022, 7:59 PM ET leadership materiality 0.55 neutral item 5.02 item 8.01 item 9.01 ◈ executive_change ×2

ISSC appoints Michael Linacre as CFO; Relland Winand retires effective July 15, 2022

Relland M. Winand retires as CFO effective July 15, 2022, after serving since December 2014.
June 22, 2022, 7:59 PM ET leadership materiality 0.35 neutral item 5.02 item 9.01 ◈ executive_change

Innovative Solutions & Support appoints Parizad Olver to Board of Directors

Parizad Olver appointed to board effective June 22, 2022; will serve until next annual meeting.
June 7, 2022, 7:59 PM ET leadership materiality 0.40 neutral item 5.02 item 9.01 ◈ executive_change

IS&S appoints Stephen L. Belland to Board of Directors effective June 7, 2022

Belland appointed as director, term expires at next annual meeting or until successor elected.