Innovative Solutions and Support rises after upbeat Q4 results

Innovative Solutions and Support

20/12/2024 17:18

** Shares of flight guidance and cockpit display systems
maker Innovative Solutions and Support  ISSC.O  up as much as
13.3% to a nearly 10-month high of $8.50
    ** The company reported fourth-quarter results after market
close on Thursday
    ** It reported a revenue rise of 18.4% to $15.4 mln for Q4
    ** Says revenue growth was driven by momentum from new
military programs, revenue synergies from acquired Honeywell
product lines and incremental revenues from recently acquired
platforms
    ** ISSC also posted Q4 adjusted EBITDA of $5.6 mln, up from
$4.8 mln a year ago
    ** Including session moves, the stock has fallen ~3% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))