Innovative Aerosystems Reports Q1 Revenue of $21.81M
Reports Q1 revenue $21.81M, consensus $18.82M. "We delivered a strong start to the year, driven by significant organic growth in revenue, Adjusted EBITDA, and margins, supported by continued momentum within the commercial aviation market," stated Shahram Askarpour, Chief Executive Officer of Innovative Aerosystems. "First quarter revenue grew 37% versus the prior-year period on increased commercial aftermarket demand and service activity, while Adjusted EBITDA grew 141%, reflecting a more favorable revenue mix and improved operating leverage."
