Innovative solutions & support Inc: Christopher Harborne sells $391k in ISSC

Published 23/06/2025, 16:20
Innovative solutions & support Inc: Christopher Harborne sells $391k in ISSC

Christopher Harborne, a ten percent owner of Innovative Solutions & Support INC (NASDAQ: ISSC), sold 31,953 shares of common stock at a price of $12.25 on June 20, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the transaction amounted to $391,424.

Following the transaction, Harborne directly holds 2,040,655 shares through Klear Kite LLC, a Delaware limited liability company, whose sole member is Christopher Harborne. The company maintains impressive gross profit margins above 50% and boasts a GREAT financial health score. InvestingPro subscribers can access 12 additional key insights about ISSC’s financial performance and insider trading patterns.

In other recent news, Innovative Solutions and Support reported impressive financial results for the second quarter of 2025, exceeding market expectations. The company achieved an earnings per share (EPS) of $0.30, significantly surpassing the projected $0.12. Revenue also exceeded forecasts, reaching $21.9 million against an expected $14.23 million. This strong performance was primarily driven by increased demand in military programs, particularly the F-16, and effective operational leverage. The company’s net income rose to $5.3 million from $1.2 million in the previous year, showcasing a significant improvement in profitability. Innovative Solutions is also focused on expanding its production capacity and strategic acquisitions, with ongoing facility expansion in Exton, PA, expected to triple production capacity. The company remains optimistic about its future prospects, targeting over 30% growth in both revenue and EBITDA for the fiscal year 2025. Analysts from Singular Research and Lennox Financial Services have engaged with the company, reflecting interest in the company’s strategic direction and growth potential.

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