- October 13, 2010, 9:52 AM
Innovative Solutions and Support (IS&S) is featuring its latest integrated cockpit avionics systems at its NBAA booth (No. 4443), including new flat-panel cockpit and RNP products.
The publicly held company recently reported encouraging financial news. For 2010’s third quarter, Exton, Pa.-based IS&S reported revenue of $7.8 million, a $2.4 million increase over the preceding quarter. Third-quarter net income of $1.39 million represented a 17.8-percent profit margin and a 19.2-percent improvement over the 2009 third quarter.
Geoffrey Hedrick, the company’s chairman and CEO, commented, “We are pleased to report improvement in top- and bottom-line performance despite the continued sluggish economy. Our margins in the quarter were up from the year ago period on incrementally higher revenues.”
The publicly held company recently reported encouraging financial news. For 2010’s third quarter, Exton, Pa.-based IS&S reported revenue of $7.8 million, a $2.4 million increase over the preceding quarter. Third-quarter net income of $1.39 million represented a 17.8-percent profit margin and a 19.2-percent improvement over the 2009 third quarter.
Geoffrey Hedrick, the company’s chairman and CEO, commented, “We are pleased to report improvement in top- and bottom-line performance despite the continued sluggish economy. Our margins in the quarter were up from the year ago period on incrementally higher revenues.”
