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)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0972,57219,79119,44317,25114,542
Cash and cash equivalents3,0972,57219,79119,44317,25114,542
Receivables9,7445,9443,9673,3174,2973,003
Inventory, net of allowances, customer advances and progress billings6,1405,7435,9005,2525,3494,905
Inventory6,1405,7435,9005,2525,3494,905
Prepaid expense623615829802777483
Contract with customer, asset, after allowance for credit loss487252163163163 
Asset, held-for-sale, not part of disposal group 2,064    1,558
Other current assets450775414248365280
Other undisclosed current assets12,06910,036   15
Total current assets:34,67425,93731,06429,22428,20224,788
Noncurrent Assets
Property, plant and equipment7,89210,0466,2016,2396,2926,381
Intangible assets, net (including goodwill)19,74325,523    
Goodwill3,5584,608    
Intangible assets, net (excluding goodwill)16,18520,915    
Deferred income tax assets45664459333146278
Other noncurrent assets192198265161164169
Total noncurrent assets:28,28436,4117,0586,7326,5036,828
TOTAL ASSETS:62,95762,34938,12235,95634,70531,616
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2566,0423,3613,3514,7122,436
Employee-related liabilities1,031
Accounts payable1,3377671,499842709752
Accrued liabilities2,9185,2751,8622,5092,9721,683
Deferred revenue14310319292 329
Debt2,0002,000    
Other undisclosed current liabilities     (771) 
Total current liabilities:6,3998,1453,5533,4433,9402,765
Noncurrent Liabilities
Long-term debt and lease obligation 17,50018,000    
Long-term debt, excluding current maturities 17,50018,000    
Liabilities, other than long-term debt4224214244221518
Other liabilities4224214244221518
Total noncurrent liabilities:17,92218,4214244221518
Total liabilities:24,32026,5663,9773,8653,9552,783
Equity
Equity, attributable to parent38,63735,78334,14532,09130,75028,833
Common stock202020191919
Treasury stock, value(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)
Additional paid in capital54,31754,09853,88353,10052,45852,143
Retained earnings (accumulated deficit)5,6693,0341,611340(359)(1,961)
Total equity:38,63735,78334,14532,09130,75028,833
TOTAL LIABILITIES AND EQUITY:62,95762,34938,12235,95634,70531,616

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

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Revenues12,9937,9597,3406,5167,2636,934
Cost of revenue
(Cost of Goods and Services Sold)
(4,880)(3,225)(2,600)(2,792)(2,796)(2,879)
Other undisclosed gross profit      2
Gross profit:8,1124,7354,7403,7244,4684,057
Operating expenses(4,460)(3,247)(3,313)(2,932)(2,170)(2,371)
Operating income:3,6531,4881,4277912,2971,686
Nonoperating income1062761541346632
Investment income, nonoperating861861311165010
Other nonoperating income209023181622
Interest and debt expense      
Other undisclosed loss from continuing operations before equity method investments, income taxes (393)     
Income from continuing operations before income taxes:3,3651,7631,5829262,3631,718
Income tax expense(730)(340)(310)(227)(761)(359)
Income from continuing operations:2,6351,4231,2716991,6021,359
Income before gain (loss) on sale of properties:1,6021,359
Net income available to common stockholders, diluted:2,6351,4231,2716991,6021,359

Comprehensive Income ($ in thousands)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Net income:2,6351,4231,2716991,6021,359
Comprehensive income, net of tax, attributable to parent:2,6351,4231,2716991,6021,359

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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