Innovative Solutions and Support, Inc. (ISSC) Income Statement Analysis

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Complete financial analysis of Innovative Solutions and Support, Inc. (ISSC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Innovative Solutions and Support, Inc., a leading company in the Aerospace & Defense industry within the Industrials sector.

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Innovative Solutions and Support, Inc. (ISSC)

Industry: Aerospace & Defense

Sector: Industrials

Website: https://innovative-ss.com

About Innovative Solutions and Support, Inc.

Innovative Solutions and Support, Inc., a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottle, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight management systems that complement the flat panel display system upgrade for commercial air transport aircraft. The company also provides integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications. In addition, it offers digital air data computers that calculate various air data parameters, such as altitude, airspeed, vertical speed, angle of attack, and other information; integrated air data computers and display units, which calculate and convey air data information; altitude displays that convey aircraft altitude measurements; airspeed displays that convey various airspeed measurements; and altitude alerters. Further, the company offers the engine and fuel displays that convey information related to fuel and oil levels, and engine activity, including oil and hydraulic pressure and temperature; integrated global navigation systems; ThrustSense, a full regime autothrottle; and utility management systems. It serves commercial air transport carriers and corporate/general aviation companies, the Department of Defense and its commercial contractors, aircraft operators, aircraft modification centers, government agencies, and foreign militaries, as well as original equipment manufacturers. Innovative Solutions and Support, Inc. was incorporated in 1988 and is based in Exton, Pennsylvania.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	47.20M	34.81M	27.74M	23.04M	21.60M	17.57M	13.85M	16.79M	27.97M	20.07M	44.10M	31.57M	24.58M	25.74M	25.26M	36.73M	30.53M	18.35M	16.72M	63.26M	46.10M	28.17M	28.35M	34.38M	33.27M	22.49M
Cost of Revenue	21.28M	13.50M	11.07M	10.26M	9.79M	7.68M	7.31M	8.67M	11.48M	12.68M	30.51M	18.94M	14.07M	11.95M	11.52M	17.90M	20.55M	14.15M	8.63M	20.89M	15.66M	11.35M	11.29M	14.48M	14.82M	10.57M
Gross Profit	25.91M	21.31M	16.67M	12.78M	11.80M	9.90M	6.54M	8.12M	16.49M	7.39M	13.59M	12.62M	10.51M	13.79M	13.74M	18.84M	9.98M	4.19M	8.09M	42.38M	30.44M	16.82M	17.06M	19.91M	18.45M	11.92M
Gross Profit Ratio	54.90%	61.22%	60.11%	55.46%	54.65%	56.32%	47.21%	48.36%	58.95%	36.80%	30.81%	39.99%	42.76%	53.59%	54.39%	51.28%	32.69%	22.86%	48.38%	66.98%	66.02%	59.72%	60.17%	57.89%	55.46%	53.00%
Research & Development	4.14M	3.13M	2.71M	2.62M	2.96M	2.49M	3.58M	4.46M	4.87M	3.06M	2.62M	2.58M	2.69M	5.50M	5.23M	5.31M	10.30M	5.18M	6.75M	6.06M	4.81M	3.38M	4.76M	4.37M	3.27M	1.92M
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.73M	5.78M	4.95M	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	12.11M	10.41M	6.75M	6.26M	6.10M	5.88M	6.67M	3.74M	9.17M	6.55M	11.11M	8.12M	7.40M	7.68M	8.10M	8.65M	22.31M	15.84M	9.86M	8.90M	7.57M	5.89M	5.73M	5.78M	4.95M	3.33M
Other Expenses	0.00	0.00	65.23K	74.91K	60.50K	73.74K	67.72K	4.86M	78.44K	33.28K	37.76K	38.12K	65.01K	0.00	0.00	0.00	2.48M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	16.25M	13.54M	9.46M	8.88M	9.06M	8.37M	10.25M	8.20M	14.04M	9.60M	13.73M	10.70M	10.09M	13.18M	13.33M	13.96M	35.09M	21.02M	16.61M	14.96M	12.38M	9.27M	10.49M	10.15M	8.23M	5.25M
Cost & Expenses	37.54M	27.04M	20.53M	19.14M	18.85M	16.04M	17.56M	16.86M	25.53M	22.29M	44.24M	29.64M	24.16M	25.13M	24.85M	31.86M	55.64M	35.18M	25.24M	35.85M	28.04M	20.61M	21.78M	24.63M	23.05M	15.82M
Interest Income	127.33K	518.19K	61.05K	1.23K	154.95K	249.62K	53.56K	35.89K	33.50K	24.80K	21.76K	41.17K	101.01K	143.94K	188.17K	398.04K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	937.31K	393.28K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	598.00	1.51K	2.36K	82.28K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	2.10M	697.94K	368.50K	432.18K	433.51K	451.28K	436.21K	449.19K	493.36K	570.31K	576.48K	545.62K	529.33K	672.20K	826.75K	1.09M	1.05M	946.22K	858.64K	797.99K	729.99K	714.21K	860.94K	554.94K	391.26K	264.79K
EBITDA	11.89M	8.73M	7.71M	4.33M	3.18M	1.98M	-3.28M	371.62K	2.94M	-3.05M	433.61K	2.47M	1.11M	1.57M	1.47M	6.41M	-22.63M	-16.83M	-8.52M	28.22M	18.79M	7.56M	6.57M	10.31M	10.62M	6.93M
EBITDA Ratio	25.18%	25.07%	27.34%	16.93%	12.71%	8.70%	-26.80%	-0.46%	8.74%	-11.06%	-0.32%	6.36%	2.37%	5.53%	5.62%	17.32%	-127.34%	-86.55%	-45.83%	44.60%	40.75%	29.36%	26.21%	29.99%	31.92%	30.83%
Operating Income	9.66M	7.77M	7.22M	3.90M	2.75M	1.08M	-3.71M	-77.57K	2.44M	-2.22M	-142.87K	1.93M	416.51K	607.91K	403.47K	4.88M	-25.10M	-16.83M	-8.52M	27.42M	18.06M	7.56M	6.57M	9.76M	10.23M	6.67M
Operating Income Ratio	20.47%	22.32%	26.01%	16.93%	12.71%	6.13%	-26.80%	-0.46%	8.74%	-11.06%	-0.32%	6.11%	1.69%	2.36%	1.60%	13.28%	-82.22%	-91.71%	-50.97%	43.34%	39.17%	26.82%	23.17%	28.38%	30.74%	29.65%
Total Other Income/Expenses	-809.98K	-132.74K	126.28K	76.14K	215.45K	323.36K	121.29K	4.89M	111.94K	58.09K	59.51K	79.29K	165.42K	292.44K	235.82K	365.86K	18.72M	2.89M	3.09M	1.76M	404.73K	450.42K	722.85K	2.20M	564.56K	30.14K
Income Before Tax	8.85M	7.64M	7.34M	3.98M	2.96M	1.85M	-3.59M	4.82M	2.56M	-2.16M	-83.35K	2.01M	581.93K	900.35K	639.28K	5.24M	-6.39M	-13.94M	-5.43M	29.18M	18.46M	8.01M	7.29M	11.95M	10.79M	6.70M
Income Before Tax Ratio	18.75%	21.94%	26.47%	17.26%	13.71%	10.54%	-25.92%	28.69%	9.14%	-10.77%	-0.19%	6.36%	2.37%	3.50%	2.53%	14.27%	-20.92%	-75.98%	-32.48%	46.13%	40.05%	28.42%	25.72%	34.76%	32.44%	29.79%
Income Tax Expense	1.85M	1.61M	1.82M	-1.09M	-308.88K	1.81K	63.65K	247.92K	568.33K	2.57M	-283.62K	119.84K	-2.40M	183.76K	-109.09K	234.86K	1.51M	-5.10M	-2.55M	10.60M	6.53M	2.46M	1.88M	4.42M	4.04M	2.52M
Net Income	7.00M	6.03M	5.52M	5.06M	3.27M	1.85M	-3.65M	4.57M	1.99M	-4.73M	200.27K	1.89M	2.98M	716.59K	748.38K	5.01M	-7.90M	-8.85M	-2.88M	18.58M	11.93M	5.54M	5.41M	7.53M	6.75M	4.18M
Net Income Ratio	14.83%	17.32%	19.91%	21.98%	15.14%	10.53%	-26.38%	27.22%	7.10%	-23.57%	0.45%	5.98%	12.12%	2.78%	2.96%	13.63%	-25.86%	-48.21%	-17.24%	29.38%	25.88%	19.67%	19.09%	21.90%	20.28%	18.59%
EPS	0.40	0.35	0.32	0.29	0.19	0.11	-0.22	0.27	0.12	-0.28	0.01	0.11	0.18	0.04	0.04	0.30	-0.47	-0.52	-0.17	1.04	0.46	0.30	0.28	0.39	0.57	0.28
EPS Diluted	0.40	0.35	0.32	0.29	0.19	0.11	-0.22	0.27	0.12	-0.28	0.01	0.11	0.18	0.04	0.04	0.30	-0.47	-0.52	-0.17	1.02	0.45	0.29	0.27	0.38	0.44	0.20
Weighted Avg Shares Out	17.46M	17.41M	17.26M	17.23M	16.94M	16.87M	16.61M	16.74M	16.93M	16.76M	16.93M	16.75M	16.64M	16.78M	16.75M	16.75M	16.89M	16.87M	17.39M	17.87M	26.10M	18.39M	19.25M	19.10M	11.84M	15.17M
Weighted Avg Shares Out (Dil)	17.48M	17.42M	17.26M	17.23M	17.11M	16.94M	16.81M	16.86M	17.04M	16.92M	17.15M	16.86M	16.64M	16.82M	16.78M	16.76M	16.89M	16.87M	17.39M	18.26M	26.89M	18.74M	19.60M	19.93M	15.35M	20.70M

Innovative Solutions and Support, Inc. (ISSC) CEO Shahram Askarpour on Q1 2022 Results - Earnings Call Transcript

February 10, 2022seekingalpha.com

Innovative Solutions and Support, Inc. (ISSC) CEO Shahram Askarpour on Q1 2022 Results - Earnings Call Transcript

Innovative Solutions & Support, Inc. Announces Significant Increase in First Quarter Fiscal 2022 Revenues and Earnings

February 9, 2022businesswire.com

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal year 2022, which ended December 31, 2021. For the first quarter of fiscal 2022, the Company...

Innovative Solutions & Support, Inc. Announces Significant Increase in First Quarter Fiscal 2022 Revenues and Earnings

February 9, 2022businesswire.com

Innovative Solutions & Support Announces First Quarter 2022 Earnings Conference Call

January 27, 2022businesswire.com

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the first quarter 2022 (period ended December 31, 2021) on Wednesday, February 9, 2022, after the market closes. The Company will host...

Innovative Solutions & Support, Inc. Appoints Shahram Askarpour as Chief Executive Officer

January 14, 2022businesswire.com

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Company's President, to the role of Chief Executive Officer. Dr. Askarpour's appointment follows yesterday's announcement of the untimely...

Innovative Solutions & Support, Inc. Mourns Death of Chairman & CEO Geoff Hedrick

January 13, 2022businesswire.com

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today issued the following statement: “It is with great sadness that we announce that Geoffrey S. M. Hedrick, our founder, Chairman of the Board and Chief Executive Officer, has passed away...

Innovative Solutions and Support, Inc. (ISSC) CEO Geoffrey Hedrick on Q4 2021 Results - Earnings Call Transcript

December 9, 2021seekingalpha.com

Innovative Solutions and Support, Inc. (ISSC) CEO Geoffrey Hedrick on Q4 2021 Results - Earnings Call Transcript

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results

December 8, 2021businesswire.com

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year 2021 ended September 30, 2021. For the fourth quarter of fiscal 2021, the Company...

Innovative Solutions & Support Announces the Release Date of Fourth Quarter and Fiscal Year 2021 Earnings and Conference Call Information

December 1, 2021businesswire.com

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the fourth quarter 2021 (period ended September 30, 2021) on Wednesday, December 8, 2021 after the market closes. The Company will host...