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Article: Innovative Solutions & Support, Inc. Announces Results for First Quarter 2006.
- Article from:
- Business Wire
- Article date:
- January 26, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EXTON, Pa. -- Innovative Solutions & Support, Inc. (NASDAQ:ISSC) today announced financial results for the period ended December 31, 2005, the first quarter of fiscal 2006.
For the first quarter, Flat Panel System sales were $3.1 million, a better than tenfold increase from $0.3 million in the prior year's first quarter. For the quarter, Flat Panel Systems orders were a record $9.4 million and ending Flat Panel Systems backlog a record $12.1 million. Total first quarter 2006 revenues were $5.4 million compared to $19.0 million in the prior year's first quarter.
Roman Ptakowski, President of Innovative Solutions & Support, Inc., commented, "We achieved ...