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IS Innovative SSolutions & Support Exhibit 99.1 Innovative Solutions & Support , Inc. Announces First Quarter Fiscal 2021 Financial Results Exton , PA . - February 10 , 2021- Innovative Solutions & Support , Inc. ( " IS & S " or the " Company " ) ( NASDAQ : ISSC ) _today announced its financial results for the first quarter of fiscal 2021 , ended December 31 , 2020 . For the first quarter of fiscal 2021 , the Company reported net sales of $ 4.9 million , up from net sales of $ 4.5 million in the first quarter a year ago . The Company reported operating income of $ 232,000 and net income of $ 240,000 , or $ 0.01 per share , in the first quarter of fiscal 2021 , compared to operating income of $ 232,000 buoyed by interest income to a net income of $ 328,000 , or $ 0.02 per share , in the first quarter of fiscal 2020 . Geoffrey Hedrick , Chairman and Chief Executive Officer of IS & S , said , “ The results for the first quarter of fiscal 2021 reflect revenue growth , and positive cash flow compared to the year ago quarter . I am very pleased with the continued success we are experiencing growing our portfolio of production contracts for both retrofit and new production aircraft in spite of the Pandemic's impact on our anticipated exponential market demand . However , continued demand is providing a solid base of recurring revenue on which to build . We are also experiencing healthy demand for our Boeing 757 and 767 Flat Panel Upgrade system and Eclipse software upgrade . Innovative Solutions and Support remains focused on creating value for our shareholders through the continued development of the industry's leading price - for - performance technology in the Commercial Air Transport , Military and General Aviation markets . "