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Innovative solutions & support (ISSC) ten percent owner sells $2.9m

Published 01/07/2025, 14:12
Innovative solutions & support (ISSC) ten percent owner sells $2.9m
ISSC
4.81%

Christopher Harborne, a ten percent owner of Innovative Solutions & Support INC (NASDAQ: ISSC), sold 217,008 shares of common stock for approximately $2.9 million. The sales occurred in multiple transactions between June 27 and June 30, 2025, at prices ranging from $13.5 to $13.9075 per share.

On June 27, Harborne sold 40,919 shares at $13.5 per share and 31,580 shares at $13.9075 per share. On June 30, Harborne sold 145,009 shares at $13.6882 per share. According to InvestingPro analysis, ISSC currently shows signs of being overbought, with the company maintaining a GREAT financial health score.

Following these transactions, Harborne indirectly holds 1,583,411 shares through Klear Kite LLC in the $244.35 million market cap company.

In other recent news, Innovative Solutions and Support reported impressive second quarter 2025 earnings, significantly surpassing market expectations. The company achieved an earnings per share of $0.30, well above the forecasted $0.12, and generated revenue of $21.9 million, exceeding the anticipated $14.23 million. This robust performance was largely driven by increased demand in military programs, particularly the F-16, and effective operational leverage. Net income rose to $5.3 million from $1.2 million the previous year, highlighting a notable improvement in profitability. Additionally, the company’s EBITDA saw a 260% increase year-over-year, reaching $7.6 million. Analysts have noted the company’s strong execution of strategic initiatives, contributing to its ability to capitalize on market opportunities. Innovative Solutions continues to focus on expanding production capacity and strategic acquisitions, with plans to triple production capacity at its Exton, PA facility by mid-2025. The company remains optimistic about its future prospects, targeting over 30% growth in both revenue and EBITDA for the fiscal year 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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