IA · NASDAQ · Aerospace & Defense

Innovative Aerosystems (IA)

Designs and services flight-deck and flight-guidance systems for aircraft retrofits and manufacturers.

$18.14
vs last close−0.25 (−1.36%)
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Innovative Aerosystems, Inc.IA
Industrials

Designs, manufactures, sells, and services avionics for retrofit applications and original equipment manufacturers. Its one-segment portfolio combines internally developed flight-deck and flight-guidance equipment with licensed legacy Honeywell communication, navigation, and inertial products.

Designs, develops, manufactures, sells, and services avionics systems for aircraft retrofit applications and original equipment manufacturers. Internally developed offerings include air-data and standby equipment, primary flight guidance, autothrottles, cockpit and engine displays, integrated flight-management systems, GPS receivers, and communication/navigation products.

Licensed and acquired Honeywell product lines add inertial, communication, and navigation equipment to the portfolio. Recent transactions broadened the catalogue with legacy avionics assets and license rights. The business operates as one reportable segment, pairing company-developed systems with licensed Honeywell-derived avionics. Across this combined portfolio, it sells and services equipment for retrofit installations and OEM aircraft programs.

Company facts

CEOShahram Askarpour
ListedAug 4, 2000
ExchangeNASDAQ
HeadquartersExton, PA
CountryUnited States
Employees147
CIK0000836690
ISINUS45769N1054

Market cap$329.2M
EPS (ttm)$1.05
P/E (ttm)17.51
ROE27.0%
P/B4.26
P/S3.53
Dividend yieldDiv yield
Beta2.37vs XLI 1.81

No analyst consensus on record.

EPSReportedEstimate

Dec '24Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26
Reported$0.21$0.04$0.30$0.14$0.34$0.25$0.26$0.33
Estimate$0.12$0.12$0.12$0.16$0.11$0.10$0.20$0.22
Surprise+75.0%−66.7%+150.0%−12.5%+216.9%+150.0%+30.0%+52.3%

RevenueReportedEstimate

Dec '24Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26
Reported$15.4M$16.0M$21.9M$24.1M$22.2M$21.8M$22.4M$26.7M
Estimate$16.3M$13.9M$15.4M$19.2M$18.8M$18.6M$21.6M$24.0M
Surprise−5.4%+15.0%+42.7%+26.1%+18.4%+17.5%+3.6%+11.5%
Estimate$0.22
Reported$0.33+52.3%
Estimate$24.0M
Reported$26.7M+11.5%
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Debt to equity70.40%
Current ratio297.00%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$15.4M$16.0M$21.9M$24.1M$22.2M$21.8M$22.4M$26.7M
Net income$3.2M$736.2K$5.3M$2.4M$7.1M$4.1M$3.4M$4.5M
Net margin20.7%4.6%24.3%10.1%32.0%18.6%15.4%16.8%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$4.4M$1.3M$7.0M$3.5M$8.2M$6.3M$4.9M$6.0M
YoY growth+19.5%−16.8%+325.1%+72.5%+88.5%+368.2%−29.2%+71.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $10.7M · Total debt $54.3M · Total assets $148.0M · Shareholders' equity $77.2M

Revenue
$26.7M
Operating income
$6.0M
Net income
$4.5M
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Dividend yield
Next ex-date
Annual dividend
Schedule

HistoryDividendAnnual yield

Sep '22
Dividend$0.001
Annual yield0.01%
Ex-dateSep 26
Payment date
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Institutions≈ 53.40%9.56M shares
132 holders · as of Mar 31, 2026 · largest filers plus last quarter's tail
Insiders37.64%6.74M shares
6 holders · as of Sep 2, 2026
Other≈ 8.96%1.60M shares
remainder

17.90M company shares as of Sep 5, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Christopher Scott Ginieczki, as Personal Representative of the Estate of Geoffrey S. M. HedrickInsider
19.87%3.56Mfiled Dec 28, 2022
Christopher HarborneInsider10 percent owner
8.85%1.58Mfiled Jul 1, 2025
Norman H. PessinInsider
4.81%861,825filed Sep 12, 2022
Marshall Wace, LLPInstitution
4.21%753,377as of Mar 31, 2026
Vanguard Capital Management LLCInstitution
3.50%625,775as of Mar 31, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

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  • Honeywell Aerospace

    Broad flight-deck and navigation systems for OEM and aftermarket aircraft

  • Garmin

    OEM and retrofit avionics rival in integrated flight decks and flight control

  • RTX

    Flight-deck peer in aircraft navigation, guidance and cockpit systems

  • GE Aerospace

    Flight-management and navigation-data rival for civil and military aircraft

  • Elbit Systems

    Civil and military cockpit-avionics rival in displays and flight management

Compare

CompanyPriceChange
Innovative Aerosystems$18.14−1.36%$329.2M17.517.53.5+10.7%
Honeywell Aerospace$167.85−0.70%$53.57B19.6
Garmin$280.52+0.07%$54.04B28.927.37.0+11.4%
RTX$189.81−2.33%$261.92B34.225.82.8+14.5%
GE Aerospace$318.29−0.23%$330.99B37.737.86.5+14.6%
Elbit Systems$741.59−1.21%$35.17B56.14.1+15.9%
Median35.926.55.3+14.6%