<p>创新解决方案与支持（ISSC）已举行其第四季度财报电话会议。请继续阅读以了解会议的主要亮点。</p>
<h3>在这个假期季节享受 70% 的 TipRanks 折扣</h3>
<ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，最大化您的投资组合潜力</li>
</ul>
<p>创新解决方案与支持在最新财报电话会议中显示出强劲的势头，尽管面临未来的挑战</p>
<p>创新解决方案与支持的最新财报电话会议描绘了一个总体乐观的图景，管理层强调了强劲的收入增长、显著改善的盈利能力以及在 F-16 整合和新航空电子平台等关键战略项目上的稳健执行。尽管高管们承认面临即将到来的挑战，包括预计 2026 财年的收入放缓和低利润军事销售的影响，但他们强调公司的强大流动性、扩展的工程能力以及清晰的增长战略是信心的来源。</p>
<h2>通过项目执行推动强劲的收入增长</h2>
<p>第四季度收入同比激增 45%，达到 2200 万美元，标志着一个突破性的财年，总收入几乎增长 80%，达到 8400 万美元。管理层将这一表现归功于核心项目的强劲执行和交付量的增加，特别是在与国防相关的平台上。显著的收入加速表明，创新解决方案与支持成功地将其积压订单和项目胜利转化为实际销售，使公司在航空航天和国防电子领域成为高增长的名字。</p>
<h2>盈利能力随着经营杠杆的发挥而跃升</h2>
<p>盈利能力随着收入增长显著改善。第四季度净收入达到 710 万美元，或每股稀释后 0.39 美元，而调整后的 EBITDA 同比增长 71%，达到 960 万美元。全年净收入攀升至 1560 万美元，或每股稀释后 0.88 美元，调整后的 EBITDA 达到 2500 万美元，增长约 80%。这些结果展示了显著的经营杠杆，固定成本分摊在更大的收入基础上，效率提升开始在损益表中体现。</p>
<h2>F-16 项目整合强化运营基础</h2>
<p>管理层强调了将 F-16 项目生产成功整合到公司 Exton 设施的重大运营里程碑。将这项工作内部化预计将更好地控制生产、调度和质量，明确目标是随着时间的推移提高这些产品的利润率。F-16 平台今天是一个关键的收入驱动因素，而整合为更高效的执行和潜在的增量盈利奠定了基础，因为学习曲线的好处将逐渐显现。</p>
<h2>工程扩展推动创新管道</h2>
<p>公司积极扩展其工程组织，过去两年每年增加超过 50% 的员工。这一扩展是创新解决方案与支持战略的核心，支持更广泛和更快速的产品开发路线图。通过大量投资于技术人才，管理层旨在加深公司的能力，加快认证和推出时间表，并确保下一代航空电子和系统的强大管道，以支持持续增长。</p>
<h2>新航空电子平台获得 traction</h2>
<p>在新产品计划上取得了显著进展，特别是 Liberty Flight Deck 和 UMS2 平台。这些产品获得了客户的积极反馈，被视为改装和潜在前装机会的关键增长引擎。特别是 Liberty Flight Deck，扩大了公司在先进驾驶舱现代化方面的影响力，而 UMS2 则扩展了其系统平台的方法。管理层将这些产品框架为关键，以实现收入组合的多样化，减少对任何单一项目或客户的高度依赖。</p>
<h2>通过扩展信贷额度增强流动性</h2>
<p>随着签署一项新的五年期 1 亿美元信贷协议，财务灵活性得到了提升。这一扩展的信贷额度增强了流动性，并为公司提供了更大的选择权，以追求增长计划，包括潜在的战略收购。在资本密集的航空航天市场中，项目的快速增长和研发承诺可能相当可观，获得额外信贷是一种竞争优势，可以支持有机扩张和有针对性的并购。</p>
<h2>预计 2026 财年收入放缓</h2>
<p>尽管当前势头强劲，管理层警告称 2026 财年可能会看到更温和的有机收入增长。一个关键原因是与 F-16 平台相关的收入提前到 2025 财年，实际上集中了一些本可能在稍后发生的销售。尽管这一时间变化并未改变基本需求的情况，但它为更艰难的比较奠定了基础，并可能在经历了一段异常扩张后抑制增长率。</p>
<h2>一次性税收抵免提升业绩但不会重复</h2>
<p>公司的 2025 财年业绩包括来自员工保留税收抵免的非经常性收益，总额为 180 万美元（毛额）。管理层谨慎地指出这是一次性事件，投资者不应期望在未来期间继续出现。调整这一收益可以更清晰地反映基本盈利能力，并对评估未来盈利能力的可持续性至关重要。</p>
<h2>来自军事重收入的利润组合压力</h2>
<p>虽然军售是公司快速增长的重要贡献因素，但管理层强调这些合同通常比其商业业务的毛利率低。因此，当前的收入结构在短期内对整体利润潜力造成了压力。随着时间的推移，公司旨在提高 F-16 等国防项目的利润率，并逐步平衡其组合，以增加高利润率的商业业务，但投资者应认识到短期内增长与利润结构之间的权衡。</p>
<h2>指引和长期目标指向雄心勃勃的增长路径</h2>
<p>展望未来，Innovative Solutions And Support 的领导层重申了对公司发展轨迹的信心，尽管预计由于 F-16 收入提前确认，2026 财年的有机增长将更加温和。新的 1 亿美元信贷额度旨在推动内部开发和战略收购。管理层还提出了一个雄心勃勃的长期目标，即实现 2.5 亿美元的收入，并将调整后的 EBITDA 利润率维持在 25% 到 30% 之间。结合对工程、新产品和运营效率的持续投资，这一指引强调了一项旨在显著扩大业务规模并随着时间推移提高盈利能力的战略。</p>
<p>总之，财报电话会议描绘了一家处于强劲上升期的公司，交付了超出预期的收入和利润增长，有效整合了关键项目，并扩展了其创新引擎。尽管投资者必须考虑到 2026 财年可能的增长放缓以及以军售为主的收入结构对利润的影响，但强化的资产负债表、新产品的势头以及明确的长期财务目标表明，Innovative Solutions And Support 仍然处于持续创造价值的良好位置。</p>

ISSC

<p>创新解决方案与支持公司（ISSC）报告了强劲的第四季度业绩，收入同比增长 45%，达到 2200 万美元，净收入为 710 万美元。公司强调了 F-16 项目整合的成功、工程扩展以及新的航空电子平台。尽管预计 2026 财年的收入将放缓，且军售利润率较低，ISSC 仍强调其强大的流动性和增长战略</p>

<p>Innovative Solutions And Support ((ISSC)) has held its Q4 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>创新解决方案与支持（ISSC）已举行其第四季度财报电话会议。请继续阅读以了解会议的主要亮点。</p>
</div><h3>Claim 70% Off TipRanks This Holiday Season</h3>
<div class="lb-trans"><h3>在这个假期季节享受 70% 的 TipRanks 折扣</h3>
</div><ul>
<li>Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions</li>
<li>Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential</li>
</ul>
<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，以做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，最大化您的投资组合潜力</li>
</ul>
</div><p>Innovative Solutions And Support Signals Strong Momentum Amid Future Headwinds in Latest Earnings Call</p>
<div class="lb-trans"><p>创新解决方案与支持在最新财报电话会议中显示出强劲的势头，尽管面临未来的挑战</p>
</div><p>Innovative Solutions And Support’s latest earnings call painted a broadly upbeat picture, with management underscoring powerful revenue growth, sharply improved profitability, and solid execution on key strategic programs like the F-16 integration and new avionics platforms. While executives acknowledged looming challenges, including an anticipated revenue slowdown in fiscal 2026 and the impact of lower-margin military sales, they emphasized the company’s strong liquidity, expanded engineering capabilities, and clearly articulated growth strategy as reasons for confidence.</p>
<div class="lb-trans"><p>创新解决方案与支持的最新财报电话会议描绘了一个总体乐观的图景，管理层强调了强劲的收入增长、显著改善的盈利能力以及在 F-16 整合和新航空电子平台等关键战略项目上的稳健执行。尽管高管们承认面临即将到来的挑战，包括预计 2026 财年的收入放缓和低利润军事销售的影响，但他们强调公司的强大流动性、扩展的工程能力以及清晰的增长战略是信心的来源。</p>
</div><h2>Robust Revenue Growth Driven by Program Execution</h2>
<div class="lb-trans"><h2>通过项目执行推动强劲的收入增长</h2>
</div><p>Fourth quarter revenue surged 45% year-over-year to $22 million, capping a breakout fiscal year in which total revenue climbed nearly 80% to $84 million. Management credited this performance to strong execution across core programs and increased deliveries, particularly in defense-related platforms. The steep top-line acceleration signals that Innovative Solutions And Support is successfully converting its backlog and program wins into realized sales, positioning the company as a high-growth name in the aerospace and defense electronics space.</p>
<div class="lb-trans"><p>第四季度收入同比激增 45%，达到 2200 万美元，标志着一个突破性的财年，总收入几乎增长 80%，达到 8400 万美元。管理层将这一表现归功于核心项目的强劲执行和交付量的增加，特别是在与国防相关的平台上。显著的收入加速表明，创新解决方案与支持成功地将其积压订单和项目胜利转化为实际销售，使公司在航空航天和国防电子领域成为高增长的名字。</p>
</div><h2>Profitability Jumps as Operating Leverage Kicks In</h2>
<div class="lb-trans"><h2>盈利能力随着经营杠杆的发挥而跃升</h2>
</div><p>Profitability improved sharply alongside the revenue growth. Fourth quarter net income reached $7.1 million, or $0.39 per diluted share, while adjusted EBITDA rose 71% to $9.6 million versus the prior year. For the full year, net income climbed to $15.6 million, or $0.88 per diluted share, and adjusted EBITDA reached $25 million, up about 80%. These results illustrate meaningful operating leverage, with fixed costs spread over a much larger revenue base and efficiency gains beginning to flow through the income statement.</p>
<div class="lb-trans"><p>盈利能力随着收入增长显著改善。第四季度净收入达到 710 万美元，或每股稀释后 0.39 美元，而调整后的 EBITDA 同比增长 71%，达到 960 万美元。全年净收入攀升至 1560 万美元，或每股稀释后 0.88 美元，调整后的 EBITDA 达到 2500 万美元，增长约 80%。这些结果展示了显著的经营杠杆，固定成本分摊在更大的收入基础上，效率提升开始在损益表中体现。</p>
</div><h2>F-16 Program Integration Strengthens Operational Base</h2>
<div class="lb-trans"><h2>F-16 项目整合强化运营基础</h2>
</div><p>Management highlighted the successful integration of the F-16 program production into the company’s Exton facility as a major operational milestone. Bringing this work in-house is expected to create better control over production, scheduling, and quality, with an explicit goal of improving margins on these products over time. The F-16 platform is a key revenue driver today, and the integration sets the stage for more efficient execution and potential incremental profitability as the learning curve benefits are realized.</p>
<div class="lb-trans"><p>管理层强调了将 F-16 项目生产成功整合到公司 Exton 设施的重大运营里程碑。将这项工作内部化预计将更好地控制生产、调度和质量，明确目标是随着时间的推移提高这些产品的利润率。F-16 平台今天是一个关键的收入驱动因素，而整合为更高效的执行和潜在的增量盈利奠定了基础，因为学习曲线的好处将逐渐显现。</p>
</div><h2>Engineering Expansion Fuels Innovation Pipeline</h2>
<div class="lb-trans"><h2>工程扩展推动创新管道</h2>
</div><p>The company has aggressively scaled its engineering organization, increasing headcount by more than 50% in each of the past two years. This expansion is central to Innovative Solutions And Support’s strategy, supporting a broader and faster-paced product development roadmap. By investing heavily in technical talent, management aims to deepen the company’s capabilities, accelerate certification and launch timelines, and ensure a robust pipeline of next-generation avionics and systems that can support sustained growth.</p>
<div class="lb-trans"><p>公司积极扩展其工程组织，过去两年每年增加超过 50% 的员工。这一扩展是创新解决方案与支持战略的核心，支持更广泛和更快速的产品开发路线图。通过大量投资于技术人才，管理层旨在加深公司的能力，加快认证和推出时间表，并确保下一代航空电子和系统的强大管道，以支持持续增长。</p>
</div><h2>New Avionics Platforms Gain Traction</h2>
<div class="lb-trans"><h2>新航空电子平台获得 traction</h2>
</div><p>Significant progress was reported on new product initiatives, notably the Liberty Flight Deck and the UMS2 platform. These offerings have received positive customer feedback and are seen as key growth engines for both retrofit and potential forward-fit opportunities. The Liberty Flight Deck, in particular, expands the company’s presence in advanced cockpit modernization, while UMS2 extends its systems platform approach. Management framed these products as critical to diversifying the revenue mix away from a heavy reliance on any single program or customer.</p>
<div class="lb-trans"><p>在新产品计划上取得了显著进展，特别是 Liberty Flight Deck 和 UMS2 平台。这些产品获得了客户的积极反馈，被视为改装和潜在前装机会的关键增长引擎。特别是 Liberty Flight Deck，扩大了公司在先进驾驶舱现代化方面的影响力，而 UMS2 则扩展了其系统平台的方法。管理层将这些产品框架为关键，以实现收入组合的多样化，减少对任何单一项目或客户的高度依赖。</p>
</div><h2>Strengthened Liquidity Through Expanded Credit Facility</h2>
<div class="lb-trans"><h2>通过扩展信贷额度增强流动性</h2>
</div><p>Financial flexibility took a step up with the signing of a new five-year, $100 million credit agreement. This expanded facility enhances liquidity and gives the company greater optionality to pursue growth initiatives, including potential strategic acquisitions. In capital-intensive aerospace markets where program ramps and R&amp;D commitments can be sizable, access to additional credit is a competitive advantage that can support both organic expansion and targeted M&amp;A.</p>
<div class="lb-trans"><p>随着签署一项新的五年期 1 亿美元信贷协议，财务灵活性得到了提升。这一扩展的信贷额度增强了流动性，并为公司提供了更大的选择权，以追求增长计划，包括潜在的战略收购。在资本密集的航空航天市场中，项目的快速增长和研发承诺可能相当可观，获得额外信贷是一种竞争优势，可以支持有机扩张和有针对性的并购。</p>
</div><h2>Anticipated Revenue Slowdown in Fiscal 2026</h2>
<div class="lb-trans"><h2>预计 2026 财年收入放缓</h2>
</div><p>Despite the current momentum, management cautioned that fiscal 2026 will likely see more modest organic revenue growth. A key reason is the pull-forward of revenues tied to the F-16 platform into fiscal 2025, effectively concentrating some sales that might otherwise have occurred later. While this timing shift does not change the underlying demand picture, it sets up a tougher comparison and may temper growth rates after a period of exceptional expansion.</p>
<div class="lb-trans"><p>尽管当前势头强劲，管理层警告称 2026 财年可能会看到更温和的有机收入增长。一个关键原因是与 F-16 平台相关的收入提前到 2025 财年，实际上集中了一些本可能在稍后发生的销售。尽管这一时间变化并未改变基本需求的情况，但它为更艰难的比较奠定了基础，并可能在经历了一段异常扩张后抑制增长率。</p>
</div><h2>One-Time Tax Credit Boosts Results but Won’t Repeat</h2>
<div class="lb-trans"><h2>一次性税收抵免提升业绩但不会重复</h2>
</div><p>The company’s fiscal 2025 results included a non-recurring benefit from the employee retention tax credit totaling $1.8 million on a gross basis. Management was careful to flag this as a one-time event that investors should not expect to continue in future periods. Adjusting for this benefit gives a cleaner view of underlying profitability and is important for assessing the sustainability of earnings power going forward.</p>
<div class="lb-trans"><p>公司的 2025 财年业绩包括来自员工保留税收抵免的非经常性收益，总额为 180 万美元（毛额）。管理层谨慎地指出这是一次性事件，投资者不应期望在未来期间继续出现。调整这一收益可以更清晰地反映基本盈利能力，并对评估未来盈利能力的可持续性至关重要。</p>
</div><h2>Margin Mix Pressure from Military-Heavy Revenue</h2>
<div class="lb-trans"><h2>来自军事重收入的利润组合压力</h2>
</div><p>While military sales have been an important contributor to the company’s rapid growth, management emphasized that these contracts generally carry lower gross margins than its commercial business. The current revenue mix, therefore, weighs on overall margin potential in the near term. Over time, the company aims to improve margins on defense programs like the F-16 and to gradually balance its portfolio with higher-margin commercial work, but investors should recognize the near-term trade-off between growth and margin mix.</p>
<div class="lb-trans"><p>虽然军售是公司快速增长的重要贡献因素，但管理层强调这些合同通常比其商业业务的毛利率低。因此，当前的收入结构在短期内对整体利润潜力造成了压力。随着时间的推移，公司旨在提高 F-16 等国防项目的利润率，并逐步平衡其组合，以增加高利润率的商业业务，但投资者应认识到短期内增长与利润结构之间的权衡。</p>
</div><h2>Guidance and Long-Term Targets Point to Ambitious Growth Path</h2>
<div class="lb-trans"><h2>指引和长期目标指向雄心勃勃的增长路径</h2>
</div><p>Looking ahead, Innovative Solutions And Support’s leadership reiterated their confidence in the company’s trajectory despite expecting more modest organic growth in fiscal 2026 due to F-16 revenue pull-forwards. The new $100 million credit facility is intended to fuel both internal development and strategic acquisitions. Management also outlined an ambitious long-term target of reaching $250 million in revenue with adjusted EBITDA margins in the 25% to 30% range. Combined with ongoing investments in engineering, new products, and operational efficiency, this guidance underscores a strategy aimed at scaling the business significantly while expanding profitability over time.</p>
<div class="lb-trans"><p>展望未来，Innovative Solutions And Support 的领导层重申了对公司发展轨迹的信心，尽管预计由于 F-16 收入提前确认，2026 财年的有机增长将更加温和。新的 1 亿美元信贷额度旨在推动内部开发和战略收购。管理层还提出了一个雄心勃勃的长期目标，即实现 2.5 亿美元的收入，并将调整后的 EBITDA 利润率维持在 25% 到 30% 之间。结合对工程、新产品和运营效率的持续投资，这一指引强调了一项旨在显著扩大业务规模并随着时间推移提高盈利能力的战略。</p>
</div><p>In sum, the earnings call portrayed a company in a strong upswing, delivering outsized revenue and profit growth, integrating key programs effectively, and expanding its innovation engine. While investors must factor in a likely growth moderation in fiscal 2026 and the impact of a military-heavy revenue mix on margins, the strengthened balance sheet, new product momentum, and clear long-term financial targets suggest that Innovative Solutions And Support remains well positioned for continued value creation.</p>
<div class="lb-trans"><p>总之，财报电话会议描绘了一家处于强劲上升期的公司，交付了超出预期的收入和利润增长，有效整合了关键项目，并扩展了其创新引擎。尽管投资者必须考虑到 2026 财年可能的增长放缓以及以军售为主的收入结构对利润的影响，但强化的资产负债表、新产品的势头以及明确的长期财务目标表明，Innovative Solutions And Support 仍然处于持续创造价值的良好位置。</p>
</div>

Innovative Solutions And Support 公司交出了强劲的盈利表现