Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Q3 2024 Earnings Conference Call August 9, 2024 9:00 AM ET

Company Participants

Paul Bartolai - Partner at Vallum Advisors
Shahram Askarpour - Chief Executive Officer
Jeff DiGiovanni - Chief Financial Officer

Conference Call Participants

Sergey Golunov - Freedom Broker
Doug Ruth - Lenox Financial Services
Andrew Rem - Odinson Partners
Gowshihan Sriharan - Singular Research

Operator

Good day and welcome to the Innovative Solutions & Supports Third Quarter Fiscal Year 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Paul Bartolai, Partner at Vallum Advisors. Please go ahead.

Paul Bartolai

Thank you. Good morning, everyone, and welcome to Innovative Solutions & Supports Third Quarter 2024 Results Conference Call. Leading the call today are CEO Shahram Askarpour and CFO, Jeffrey DiGiovanni. Earlier today, we issued a press release detailing our third quarter 2024 operational and financial results. This release is publicly available in the Investor Relations section of our corporate website at www.innovative-ss.com.

I would like to remind you that management's commentary and responses to questions on today's conference call may include forward-looking statements, which by their nature are uncertain and outside of the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results could differ materially.

For a discussion of some of the factors that could cause actual results to differ, please refer to the Risk Factors section of our latest filings with the SEC. Additionally, please note that you can find reconciliations of historical non-GAAP financial measures in the press release issued earlier today.

Today's call will begin with prepared remarks from CEO Shahram Askarpour, who will provide a review of our recent business performance and an update on the progress we have made on our strategic initiatives, including the ongoing integration of the products acquired from Honeywell last year and some detail on our recent acquisition from Honeywell. This will be followed by a financial update from our CFO Jeff DiGiovanni. At the conclusion of these prepared remarks, we will open the line for your questions.

With that, I'll turn the call over to Shahram.

Shahram Askarpour

Thank you, Paul, and good morning everyone joining us on the call today. We are pleased that our recent positive business momentum continued during the third quarter as growth from our existing platforms and execution under our Honeywell product lines contributed to 48% year-over-year revenue growth during the third quarter.