Innovative Solutions and Support, Inc. (ISSC) Financial Statements (2024 and earlier)

Company Profile

Business Address 720 PENNSYLVANIA DRIVE
EXTON, PA 19341
State of Incorp. PA
Fiscal Year End September 30
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,44317,2518,26612,60422,41720,391
Cash and cash equivalents19,44317,2518,26612,60422,41720,391
Receivables3,3174,2974,0464,3692,3493,451
Inventory, net of allowances, customer advances and progress billings5,2525,3494,5454,2914,4714,280
Inventory5,2525,3494,5454,2914,4714,280
Prepaid expense802777318336302258
Contract with customer, asset, after allowance for credit loss163163  80 
Other current assets248365515339340285
Other undisclosed current assets   11,181  
Total current assets:29,22428,20217,69033,12029,95828,665
Noncurrent Assets
Property, plant and equipment6,2396,2928,1438,1768,4458,787
Intangible assets, net (including goodwill)      
Goodwill      
Intangible assets, net (excluding goodwill)      
Deferred income tax assets331461,064  
Other noncurrent assets161164188250154182
Total noncurrent assets:6,7326,5039,3968,4258,5998,969
TOTAL ASSETS:35,95634,70527,08641,54638,55737,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3514,7122,05513,3342,1902,993
Interest and dividends payable 11,181  
Employee-related liabilities1,031    
Accounts payable8427096247911,0791,530
Accrued liabilities2,5092,9721,4311,3621,1111,463
Deferred revenue92 418313 
Debt      
Deferred revenue and credits357
Contract with customer, liability29 
Other undisclosed current liabilities  (771)    
Total current liabilities:3,4433,9402,47213,6472,2193,350
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt4221529130 130
Deferred tax liabilities, net130
Deferred income tax liabilities    130 
Other liabilities4221529   
Other undisclosed noncurrent liabilities     130 
Total noncurrent liabilities:4221529130130130
Total liabilities:3,8653,9552,50113,7772,3493,479
Equity
Equity, attributable to parent32,09130,75024,58527,76936,20834,154
Common stock191919191919
Treasury stock, value(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)
Additional paid in capital53,10052,45851,81751,45951,98751,784
Retained earnings (accumulated deficit)340(359)(5,883)(2,341)5,5713,720
Total equity:32,09130,75024,58527,76936,20834,154
TOTAL LIABILITIES AND EQUITY:35,95634,70527,08641,54638,55737,634

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues27,55927,74123,04521,59517,57313,850
Revenue, net13,850
Cost of revenue
(Cost of Goods and Services Sold)
(11,131)(11,066)(10,263)(9,793)(7,676)(7,312)
Other undisclosed gross profit 2     
Gross profit:16,43016,67412,78211,8029,8966,538
Operating expenses(9,848)(9,459)(8,881)(9,057)(8,368)(10,250)
Operating income (loss):6,5837,2153,9012,7451,529(3,712)
Nonoperating income24412676215323121
Investment income, nonoperating17761115525054
Other nonoperating income676575607468
Income (loss) from continuing operations before income taxes:6,8277,3423,9772,9611,852(3,590)
Income tax expense (benefit)(1,737)(1,818)1,088309(2)(64)
Income (loss) from continuing operations:5,0895,5245,0653,2701,850(3,654)
Income (loss) before gain (loss) on sale of properties:4,3915,5245,0653,2701,850(3,654)
Net income (loss) available to common stockholders, diluted:5,0895,5245,0653,2701,850(3,654)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):5,0895,5245,0653,2701,850(3,654)
Comprehensive income (loss), net of tax, attributable to parent:5,0895,5245,0653,2701,850(3,654)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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