<p>創新解決方案與支持（ISSC）已舉行其第四季度財報電話會議。請繼續閲讀以瞭解會議的主要亮點。</p>
<h3>在這個假期季節享受 70% 的 TipRanks 折扣</h3>
<ul>
<li>解鎖對沖基金級別的數據和強大的投資工具，以做出更聰明、更精準的決策</li>
<li>通過最新的新聞和分析保持市場領先，最大化您的投資組合潛力</li>
</ul>
<p>創新解決方案與支持在最新財報電話會議中顯示出強勁的勢頭，儘管面臨未來的挑戰</p>
<p>創新解決方案與支持的最新財報電話會議描繪了一個總體樂觀的圖景，管理層強調了強勁的收入增長、顯著改善的盈利能力以及在 F-16 整合和新航空電子平台等關鍵戰略項目上的穩健執行。儘管高管們承認面臨即將到來的挑戰，包括預計 2026 財年的收入放緩和低利潤軍事銷售的影響，但他們強調公司的強大流動性、擴展的工程能力以及清晰的增長戰略是信心的來源。</p>
<h2>通過項目執行推動強勁的收入增長</h2>
<p>第四季度收入同比激增 45%，達到 2200 萬美元，標誌着一個突破性的財年，總收入幾乎增長 80%，達到 8400 萬美元。管理層將這一表現歸功於核心項目的強勁執行和交付量的增加，特別是在與國防相關的平台上。顯著的收入加速表明，創新解決方案與支持成功地將其積壓訂單和項目勝利轉化為實際銷售，使公司在航空航天和國防電子領域成為高增長的名字。</p>
<h2>盈利能力隨着經營槓桿的發揮而躍升</h2>
<p>盈利能力隨着收入增長顯著改善。第四季度淨收入達到 710 萬美元，或每股稀釋後 0.39 美元，而調整後的 EBITDA 同比增長 71%，達到 960 萬美元。全年淨收入攀升至 1560 萬美元，或每股稀釋後 0.88 美元，調整後的 EBITDA 達到 2500 萬美元，增長約 80%。這些結果展示了顯著的經營槓桿，固定成本分攤在更大的收入基礎上，效率提升開始在損益表中體現。</p>
<h2>F-16 項目整合強化運營基礎</h2>
<p>管理層強調了將 F-16 項目生產成功整合到公司 Exton 設施的重大運營里程碑。將這項工作內部化預計將更好地控制生產、調度和質量，明確目標是隨着時間的推移提高這些產品的利潤率。F-16 平台今天是一個關鍵的收入驅動因素，而整合為更高效的執行和潛在的增量盈利奠定了基礎，因為學習曲線的好處將逐漸顯現。</p>
<h2>工程擴展推動創新管道</h2>
<p>公司積極擴展其工程組織，過去兩年每年增加超過 50% 的員工。這一擴展是創新解決方案與支持戰略的核心，支持更廣泛和更快速的產品開發路線圖。通過大量投資於技術人才，管理層旨在加深公司的能力，加快認證和推出時間表，並確保下一代航空電子和系統的強大管道，以支持持續增長。</p>
<h2>新航空電子平台獲得 traction</h2>
<p>在新產品計劃上取得了顯著進展，特別是 Liberty Flight Deck 和 UMS2 平台。這些產品獲得了客户的積極反饋，被視為改裝和潛在前裝機會的關鍵增長引擎。特別是 Liberty Flight Deck，擴大了公司在先進駕駛艙現代化方面的影響力，而 UMS2 則擴展了其系統平台的方法。管理層將這些產品框架為關鍵，以實現收入組合的多樣化，減少對任何單一項目或客户的高度依賴。</p>
<h2>通過擴展信貸額度增強流動性</h2>
<p>隨着簽署一項新的五年期 1 億美元信貸協議，財務靈活性得到了提升。這一擴展的信貸額度增強了流動性，併為公司提供了更大的選擇權，以追求增長計劃，包括潛在的戰略收購。在資本密集的航空航天市場中，項目的快速增長和研發承諾可能相當可觀，獲得額外信貸是一種競爭優勢，可以支持有機擴張和有針對性的併購。</p>
<h2>預計 2026 財年收入放緩</h2>
<p>儘管當前勢頭強勁，管理層警告稱 2026 財年可能會看到更温和的有機收入增長。一個關鍵原因是與 F-16 平台相關的收入提前到 2025 財年，實際上集中了一些本可能在稍後發生的銷售。儘管這一時間變化並未改變基本需求的情況，但它為更艱難的比較奠定了基礎，並可能在經歷了一段異常擴張後抑制增長率。</p>
<h2>一次性税收抵免提升業績但不會重複</h2>
<p>公司的 2025 財年業績包括來自員工保留税收抵免的非經常性收益，總額為 180 萬美元（毛額）。管理層謹慎地指出這是一次性事件，投資者不應期望在未來期間繼續出現。調整這一收益可以更清晰地反映基本盈利能力，並對評估未來盈利能力的可持續性至關重要。</p>
<h2>來自軍事重收入的利潤組合壓力</h2>
<p>雖然軍售是公司快速增長的重要貢獻因素，但管理層強調這些合同通常比其商業業務的毛利率低。因此，當前的收入結構在短期內對整體利潤潛力造成了壓力。隨着時間的推移，公司旨在提高 F-16 等國防項目的利潤率，並逐步平衡其組合，以增加高利潤率的商業業務，但投資者應認識到短期內增長與利潤結構之間的權衡。</p>
<h2>指引和長期目標指向雄心勃勃的增長路徑</h2>
<p>展望未來，Innovative Solutions And Support 的領導層重申了對公司發展軌跡的信心，儘管預計由於 F-16 收入提前確認，2026 財年的有機增長將更加温和。新的 1 億美元信貸額度旨在推動內部開發和戰略收購。管理層還提出了一個雄心勃勃的長期目標，即實現 2.5 億美元的收入，並將調整後的 EBITDA 利潤率維持在 25% 到 30% 之間。結合對工程、新產品和運營效率的持續投資，這一指引強調了一項旨在顯著擴大業務規模並隨着時間推移提高盈利能力的戰略。</p>
<p>總之，財報電話會議描繪了一家處於強勁上升期的公司，交付了超出預期的收入和利潤增長，有效整合了關鍵項目，並擴展了其創新引擎。儘管投資者必須考慮到 2026 財年可能的增長放緩以及以軍售為主的收入結構對利潤的影響，但強化的資產負債表、新產品的勢頭以及明確的長期財務目標表明，Innovative Solutions And Support 仍然處於持續創造價值的良好位置。</p>

ISSC

<p>創新解決方案與支持公司（ISSC）報告了強勁的第四季度業績，收入同比增長 45%，達到 2200 萬美元，淨收入為 710 萬美元。公司強調了 F-16 項目整合的成功、工程擴展以及新的航空電子平台。儘管預計 2026 財年的收入將放緩，且軍售利潤率較低，ISSC 仍強調其強大的流動性和增長戰略</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>創新解決方案與支持（ISSC）已舉行其第四季度財報電話會議。請繼續閲讀以瞭解會議的主要亮點。</p>
</div><h3>Claim 70% Off TipRanks This Holiday Season</h3>
<div class="lb-trans"><h3>在這個假期季節享受 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>解鎖對沖基金級別的數據和強大的投資工具，以做出更聰明、更精準的決策</li>
<li>通過最新的新聞和分析保持市場領先，最大化您的投資組合潛力</li>
</ul>
</div><p>Innovative Solutions And Support Signals Strong Momentum Amid Future Headwinds in Latest Earnings Call</p>
<div class="lb-trans"><p>創新解決方案與支持在最新財報電話會議中顯示出強勁的勢頭，儘管面臨未來的挑戰</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>創新解決方案與支持的最新財報電話會議描繪了一個總體樂觀的圖景，管理層強調了強勁的收入增長、顯著改善的盈利能力以及在 F-16 整合和新航空電子平台等關鍵戰略項目上的穩健執行。儘管高管們承認面臨即將到來的挑戰，包括預計 2026 財年的收入放緩和低利潤軍事銷售的影響，但他們強調公司的強大流動性、擴展的工程能力以及清晰的增長戰略是信心的來源。</p>
</div><h2>Robust Revenue Growth Driven by Program Execution</h2>
<div class="lb-trans"><h2>通過項目執行推動強勁的收入增長</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%，達到 2200 萬美元，標誌着一個突破性的財年，總收入幾乎增長 80%，達到 8400 萬美元。管理層將這一表現歸功於核心項目的強勁執行和交付量的增加，特別是在與國防相關的平台上。顯著的收入加速表明，創新解決方案與支持成功地將其積壓訂單和項目勝利轉化為實際銷售，使公司在航空航天和國防電子領域成為高增長的名字。</p>
</div><h2>Profitability Jumps as Operating Leverage Kicks In</h2>
<div class="lb-trans"><h2>盈利能力隨着經營槓桿的發揮而躍升</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>盈利能力隨着收入增長顯著改善。第四季度淨收入達到 710 萬美元，或每股稀釋後 0.39 美元，而調整後的 EBITDA 同比增長 71%，達到 960 萬美元。全年淨收入攀升至 1560 萬美元，或每股稀釋後 0.88 美元，調整後的 EBITDA 達到 2500 萬美元，增長約 80%。這些結果展示了顯著的經營槓桿，固定成本分攤在更大的收入基礎上，效率提升開始在損益表中體現。</p>
</div><h2>F-16 Program Integration Strengthens Operational Base</h2>
<div class="lb-trans"><h2>F-16 項目整合強化運營基礎</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>管理層強調了將 F-16 項目生產成功整合到公司 Exton 設施的重大運營里程碑。將這項工作內部化預計將更好地控制生產、調度和質量，明確目標是隨着時間的推移提高這些產品的利潤率。F-16 平台今天是一個關鍵的收入驅動因素，而整合為更高效的執行和潛在的增量盈利奠定了基礎，因為學習曲線的好處將逐漸顯現。</p>
</div><h2>Engineering Expansion Fuels Innovation Pipeline</h2>
<div class="lb-trans"><h2>工程擴展推動創新管道</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>公司積極擴展其工程組織，過去兩年每年增加超過 50% 的員工。這一擴展是創新解決方案與支持戰略的核心，支持更廣泛和更快速的產品開發路線圖。通過大量投資於技術人才，管理層旨在加深公司的能力，加快認證和推出時間表，並確保下一代航空電子和系統的強大管道，以支持持續增長。</p>
</div><h2>New Avionics Platforms Gain Traction</h2>
<div class="lb-trans"><h2>新航空電子平台獲得 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>在新產品計劃上取得了顯著進展，特別是 Liberty Flight Deck 和 UMS2 平台。這些產品獲得了客户的積極反饋，被視為改裝和潛在前裝機會的關鍵增長引擎。特別是 Liberty Flight Deck，擴大了公司在先進駕駛艙現代化方面的影響力，而 UMS2 則擴展了其系統平台的方法。管理層將這些產品框架為關鍵，以實現收入組合的多樣化，減少對任何單一項目或客户的高度依賴。</p>
</div><h2>Strengthened Liquidity Through Expanded Credit Facility</h2>
<div class="lb-trans"><h2>通過擴展信貸額度增強流動性</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>隨着簽署一項新的五年期 1 億美元信貸協議，財務靈活性得到了提升。這一擴展的信貸額度增強了流動性，併為公司提供了更大的選擇權，以追求增長計劃，包括潛在的戰略收購。在資本密集的航空航天市場中，項目的快速增長和研發承諾可能相當可觀，獲得額外信貸是一種競爭優勢，可以支持有機擴張和有針對性的併購。</p>
</div><h2>Anticipated Revenue Slowdown in Fiscal 2026</h2>
<div class="lb-trans"><h2>預計 2026 財年收入放緩</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>儘管當前勢頭強勁，管理層警告稱 2026 財年可能會看到更温和的有機收入增長。一個關鍵原因是與 F-16 平台相關的收入提前到 2025 財年，實際上集中了一些本可能在稍後發生的銷售。儘管這一時間變化並未改變基本需求的情況，但它為更艱難的比較奠定了基礎，並可能在經歷了一段異常擴張後抑制增長率。</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業績但不會重複</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 財年業績包括來自員工保留税收抵免的非經常性收益，總額為 180 萬美元（毛額）。管理層謹慎地指出這是一次性事件，投資者不應期望在未來期間繼續出現。調整這一收益可以更清晰地反映基本盈利能力，並對評估未來盈利能力的可持續性至關重要。</p>
</div><h2>Margin Mix Pressure from Military-Heavy Revenue</h2>
<div class="lb-trans"><h2>來自軍事重收入的利潤組合壓力</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>雖然軍售是公司快速增長的重要貢獻因素，但管理層強調這些合同通常比其商業業務的毛利率低。因此，當前的收入結構在短期內對整體利潤潛力造成了壓力。隨着時間的推移，公司旨在提高 F-16 等國防項目的利潤率，並逐步平衡其組合，以增加高利潤率的商業業務，但投資者應認識到短期內增長與利潤結構之間的權衡。</p>
</div><h2>Guidance and Long-Term Targets Point to Ambitious Growth Path</h2>
<div class="lb-trans"><h2>指引和長期目標指向雄心勃勃的增長路徑</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>展望未來，Innovative Solutions And Support 的領導層重申了對公司發展軌跡的信心，儘管預計由於 F-16 收入提前確認，2026 財年的有機增長將更加温和。新的 1 億美元信貸額度旨在推動內部開發和戰略收購。管理層還提出了一個雄心勃勃的長期目標，即實現 2.5 億美元的收入，並將調整後的 EBITDA 利潤率維持在 25% 到 30% 之間。結合對工程、新產品和運營效率的持續投資，這一指引強調了一項旨在顯著擴大業務規模並隨着時間推移提高盈利能力的戰略。</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>總之，財報電話會議描繪了一家處於強勁上升期的公司，交付了超出預期的收入和利潤增長，有效整合了關鍵項目，並擴展了其創新引擎。儘管投資者必須考慮到 2026 財年可能的增長放緩以及以軍售為主的收入結構對利潤的影響，但強化的資產負債表、新產品的勢頭以及明確的長期財務目標表明，Innovative Solutions And Support 仍然處於持續創造價值的良好位置。</p>
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Innovative Solutions And Support 公司交出了強勁的盈利表現