Innovative Solutions & Support Reports Q1 EPS of $.02

Innovative Solutions & Support, Inc.

today announced its financial results for the first quarter of fiscal 2011, ending December 31, 2010. Net revenues for the first quarter of fiscal 2011 were $6.5 million, up 42% compared to $4.6 million in the first quarter of fiscal 2010. The Company reported fiscal first quarter 2011 net income of $285,000, or $0.02 per fully diluted share, compared to a net loss of ( $1.1) million, or ($0.07) per fully diluted share, in the same quarter a year ago.