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Christopher Harborne, a significant shareholder in Innovative Solutions & Support Inc (NASDAQ:ISSC), has reported a sale of company shares. According to a recent SEC filing, Harborne sold 5,116 shares of common stock on June 11, 2025, at an average price of $11.7704 per share, totaling approximately $60,217. Following this transaction, Harborne holds 2,111,615 shares indirectly through Klear Kite LLC, a Delaware limited liability company of which he is the sole member. With ISSC’s market capitalization at $216 million, Harborne’s stake represents a significant position in the company. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Innovative Solutions and Support reported impressive financial results for the second quarter of 2025. The company exceeded market expectations with an earnings per share of $0.30, surpassing the forecasted $0.12. Revenue also outperformed projections, reaching $21.9 million compared to the anticipated $14.23 million. This strong performance was driven by increased demand in military programs and effective operational leverage. The company saw its net income rise significantly to $5.3 million from $1.2 million in the previous year. Innovative Solutions continues to focus on expanding its production capacity and strategic acquisitions to support future growth. The firm has set a target of over 30% growth in both revenue and EBITDA for the fiscal year 2025. Additionally, the ongoing facility expansion in Exton, Pennsylvania, is expected to triple production capacity, further bolstering the company’s growth prospects.
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