Innovative Solutions and Support, Inc. (ISSC) financial statements (2022 and earlier)
Company profile
| Business Address |
420 LAPP RD MALVERN, PA 19355 |
| State of Incorp. | PA |
| Fiscal Year End | September 30 |
| SIC | 7371 - Computer Programming Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,706 | 8,266 | 12,604 | 22,417 | 20,391 | 24,680 | 18,768 | ||
| Cash and cash equivalents | 9,706 | 8,266 | 12,604 | 22,417 | 20,391 | 24,680 | 18,768 | ||
| Receivables | 3,721 | 4,046 | 4,369 | 2,349 | 3,451 | 4,490 | 6,216 | ||
| Inventory, net of allowances, customer advances and progress billings | 4,606 | 4,545 | 4,291 | 4,471 | 4,280 | 4,180 | 3,646 | ||
| Inventory | 4,606 | 4,545 | 4,291 | 4,471 | 4,280 | 4,180 | 3,646 | ||
| Prepaid expense | 638 | 318 | 336 | 302 | 258 | 402 | 386 | ||
| Contract with customer, asset | 80 | ✕ | ✕ | ||||||
| Other current assets | 243 | 515 | 339 | 340 | 285 | 429 | 354 | ||
| Other undisclosed current assets | 11,181 | ||||||||
| Total current assets: | 18,915 | 17,690 | 33,120 | 29,958 | 28,665 | 34,181 | 29,369 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 8,131 | 8,143 | 8,176 | 8,445 | 8,787 | 6,669 | 6,963 | ||
| Deferred income tax assets | 833 | 1,064 | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 182 | 188 | 250 | 154 | 182 | 187 | 157 | ||
| Total noncurrent assets: | 9,146 | 9,396 | 8,425 | 8,599 | 8,969 | 6,856 | 7,120 | ||
| TOTAL ASSETS: | 28,061 | 27,086 | 41,546 | 38,557 | 37,634 | 41,038 | 36,489 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,936 | 2,055 | 13,334 | 2,190 | 2,993 | 3,081 | 3,394 | ||
| Accounts payable | 500 | 624 | 791 | 1,079 | 1,530 | 1,321 | 1,504 | ||
| Accrued liabilities | 1,436 | 1,431 | 1,362 | 1,111 | 1,463 | 1,760 | 1,890 | ||
| Interest and dividends payable | 11,181 | ||||||||
| Deferred revenue | 336 | 418 | 313 | ✕ | ✕ | ✕ | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 357 | 280 | 180 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 29 | ✕ | ✕ | |||
| Total current liabilities: | 2,272 | 2,472 | 13,647 | 2,219 | 3,350 | 3,362 | 3,573 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 25 | 29 | 130 | 130 | 68 | 68 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 130 | 68 | 68 | ||
| Deferred income tax liabilities | 130 | ✕ | ✕ | ✕ | |||||
| Other liabilities | 25 | 29 | |||||||
| Other undisclosed noncurrent liabilities | 130 | ||||||||
| Total noncurrent liabilities: | 25 | 29 | 130 | 130 | 130 | 68 | 68 | ||
| Total liabilities: | 2,297 | 2,501 | 13,777 | 2,349 | 3,479 | 3,429 | 3,641 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 25,764 | 24,585 | 27,769 | 36,208 | 34,154 | 37,608 | 32,848 | ||
| Common stock | 19 | 19 | 19 | 19 | 19 | 19 | 19 | ||
| Treasury stock, value | (21,369) | (21,369) | (21,369) | (21,369) | (21,369) | (21,369) | (21,369) | ||
| Additional paid in capital | 51,863 | 51,817 | 51,459 | 51,987 | 51,784 | 51,584 | 51,392 | ||
| Retained earnings (accumulated deficit) | (4,750) | (5,883) | (2,341) | 5,571 | 3,720 | 7,374 | 2,806 | ||
| Total stockholders' equity: | 25,764 | 24,585 | 27,769 | 36,208 | 34,154 | 37,608 | 32,848 | ||
| TOTAL LIABILITIES AND EQUITY: | 28,061 | 27,086 | 41,546 | 38,557 | 37,634 | 41,038 | 36,489 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,871 | 23,045 | 21,595 | 17,573 | 13,850 | 16,787 | 27,970 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 13,850 | 16,787 | 27,970 | |
| Cost of revenue (Cost of Goods and Services Sold) | (10,687) | (10,263) | (9,793) | (7,676) | (7,312) | (8,668) | (11,482) | |
| Gross profit: | 14,184 | 12,782 | 11,802 | 9,896 | 6,538 | 8,118 | 16,487 | |
| Operating expenses | (9,091) | (8,881) | (9,057) | (8,368) | (10,250) | (8,196) | (14,044) | |
| Operating income (loss): | 5,093 | 3,901 | 2,745 | 1,529 | (3,712) | (78) | 2,443 | |
| Nonoperating income | 75 | 76 | 215 | 323 | 121 | 4,894 | 112 | |
| Investment income, nonoperating | 0 | 1 | 155 | 250 | 54 | 36 | 34 | |
| Other nonoperating income | 75 | 75 | 60 | 74 | 68 | 4,858 | 78 | |
| Income (loss) from continuing operations before income taxes: | 5,168 | 3,977 | 2,961 | 1,852 | (3,590) | 4,817 | 2,555 | |
| Income tax expense (benefit) | 790 | 1,088 | 309 | (2) | (64) | (248) | (568) | |
| Net income (loss) available to common stockholders, diluted: | 5,958 | 5,065 | 3,270 | 1,850 | (3,654) | 4,569 | 1,987 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 5,958 | 5,065 | 3,270 | 1,850 | (3,654) | 4,569 | 1,987 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 5,958 | 5,065 | 3,270 | 1,850 | (3,654) | 4,569 | 1,987 | |
Statements sources
The financial statements are based on the company's filings with the 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.