Innovative Solutions & Support, Inc. reported its actual financial results for the second quarter of fiscal 2025, highlighting significant growth. The company achieved a net revenue of $21.9 million, marking a 104% increase compared to the same period last year. Net income rose to $5.3 million, a substantial increase from $1.2 million in the prior year period. Earnings per share $(EPS)$ for the quarter were reported at $0.30 per diluted share, compared to $0.07 per diluted share in the previous year's second quarter. The adjusted EBITDA for the second quarter was $7.7 million, representing a 219% increase from $2.4 million in the same quarter of the previous year. Additionally, new orders during the quarter totaled $20.8 million, contributing to a backlog of $79.6 million as of March 31, 2025. The backlog includes only purchase orders in-hand and excludes additional orders from long-term programs with OEM customers such as Pilatus PC-24, Textron King Air, Boeing T-7 Red Hawk, Boeing KC-46A, and Lockheed F-16. The company's balance sheet showed total long-term debt of $27.4 million and cash and cash equivalents at $1.2 million, resulting in net debt of $26.2 million. IS&S had total cash and availability under its credit line of approximately $8.8 million.
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