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Exhibit 99.1 IS Innovative SSolutions & Support Innovative Solutions & Support , Inc. Announces Second Quarter Fiscal 2021 Financial Results EXTON , Pa .-- ( May 12 , 2021 ) -- Innovative Solutions & Support , Inc. ( " IS & S " or the " Company " ) ( NASDAQ : ISSC ) today announced its financial results for the second quarter of fiscal 2021 , ended March 31 , 2021 . For the second quarter of fiscal 2021 the Company reported net sales of $ 5.1 million compared to $ 4.8 million in the second quarter a year ago . The Company reported net income of $ 0.6 million , or $ 0.04 per share , compared to $ 0.4 million or $ 0.03 per share , in the second quarter of fiscal 2020 . Geoffrey Hedrick , Chairman and Chief Executive Officer of IS & S , said , “ Over the past three months we grew revenues , generated positive cash flow and reported another profitable quarter , achieving the ongoing objectives that we believe increase the value of Innovative Solutions . Results in the second quarter were once again driven by our strategy to increasingly diversify our end markets , targeting both OEM production programs as well as retrofit opportunities in the commercial air transport , military , and general aviation markets . Sales of our ThrustSense® AutoThrottle continue to grow . The growing air cargo market is creating opportunities for our Boeing 757 and 767 Flat Panel Display Systems as evidenced by orders received from Amazon . Additionally , we have announced a new lower cost AutoThrottle that we believe enhances our offering in an expanding market . As the pandemic recedes , we remain confident that over the longer term the capabilities and price - for - performance characteristics of our technology will strengthen our brand globally . "