Innovative Solutions & Support (ISSC) Reports Breakeven Q4 Results, Offers FY12 Revenue Outlook
Innovative Solutions & Support (NASDAQ: ISSC) reported Q4 EPS of $0.00, versus $0.07 reported last year. Revenue for the quarter came in at $6.49 million, versus $7.5 million reported last year.
For the fiscal year ending September 30, 2012, the Company expects revenues to increase modestly relative to fiscal 2011, notwithstanding potential disruptions that may arise from current market conditions.
The Company’s new product and expanded platform initiatives are expected to increase the proportion of revenues and margins generated by engineering modification and development sales in fiscal 2012
For the fiscal year ending September 30, 2012, the Company expects revenues to increase modestly relative to fiscal 2011, notwithstanding potential disruptions that may arise from current market conditions.
The Company’s new product and expanded platform initiatives are expected to increase the proportion of revenues and margins generated by engineering modification and development sales in fiscal 2012