Innovative Solutions & Support (NASDAQ:ISSC) announced its quarterly earnings results on Monday. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $3.65 million during the quarter. Innovative Solutions & Support had a negative return on equity of 10.26% and a negative net margin of 26.38%.
Shares of Innovative Solutions & Support stock opened at $2.16 on Wednesday. Innovative Solutions & Support has a 12-month low of $2.02 and a 12-month high of $3.80.
An institutional investor recently raised its position in Innovative Solutions & Support stock. Gabelli Funds LLC boosted its position in Innovative Solutions & Support Inc (NASDAQ:ISSC) by 100.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the aerospace company’s stock after acquiring an additional 20,000 shares during the period. Gabelli Funds LLC owned 0.24% of Innovative Solutions & Support worth $116,000 at the end of the most recent reporting period. 25.78% of the stock is currently owned by hedge funds and other institutional investors.
Innovative Solutions & Support Company Profile
Innovative Solutions and Support, Inc, a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It offers flat panel display systems that could replicate the display of analog or digital displays on one screen and could replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; flight management systems that complement the IS&S flat panel display system upgrade for commercial air transport aircraft; and integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications.
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