ISSC Secures >$50M eVTOL Avionics Deal, Cash Flow Surges 155%
ISSC has more than doubled off its 52-week low of $8.13.
Summary
ISSC's weekly recap reveals a >$50M eVTOL display/avionics contract with production starting H2 2027, adding a major growth driver beyond the recent Aydin Displays acquisition. Nine-month operating cash flow jumped 50.4% to $15.5M and free cash flow surged 155% to $12.3M, with net debt/EBITDA at a manageable 1.4x and backlog at $82.9M. This follows the Q3 beat reported Aug 13 and the $24.5M Aydin Displays deal from July. The eVTOL contract size is material relative to the company's $412M market cap and signals entry into a high-growth aviation segment.
At the time of this announcement, ISSC was trading at $23.20 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $411.7M. The 52-week trading range was $8.13 to $30.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.