Innovative Solutions & Support (ISSC) Reports Q4 Loss of $0.01

Innovative Solutions & Support (NASDAQ: ISSC) reported Q4 EPS of ($0.01), versus $0.02 reported last year. Revenue for the quarter came in at $4.2 million, versus $6.2 million reported last year.

Shahram Askarpour, President of IS&S, said, “This has been a year of significant organizational transformation, having essentially completed our transition to a strategy whereby we will internally develop 100% of all new products. This is yielding exciting results, with the most recent being our innovative new Autothrottle. With the Pilatus PC-12 Autothrottle STC secured, we are now working on the King Air Autothrottle, which, when certified, will add approximately 5,000 aircraft to the thousands of Pilatus aircraft already in the target market for our Autothrottle product. Our goal in fiscal 2018 is to focus on the sales effort of our newly developed products by leveraging our reputation for best in class price for performance and expand our global distribution network to generate attractive growth and returns for our shareholders.”

For earnings history and earnings-related data on Innovative Solutions & Support (ISSC) click here.

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