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
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,7068,2667,4835,9985,60812,60422,984
Cash and cash equivalents9,7068,2667,4835,9985,60812,60422,984
Receivables3,7214,0464,2942,8482,5454,3693,865
Inventory, net of allowances, customer advances and progress billings4,6064,5454,8394,6544,1814,2914,709
Inventory4,6064,5454,8394,6544,1814,2914,709
Prepaid expense638318287551577336389
Other current assets243515410285274339417
Other undisclosed current assets     11,181302
Total current assets:18,91517,69017,31314,33513,18433,12032,666
Noncurrent Assets
Property, plant and equipment8,1318,1438,2218,2868,1568,1768,226
Deferred income tax assets8331,0641,332    
Other noncurrent assets182188151174208250205
Total noncurrent assets:9,1469,3969,7048,4608,3648,4258,431
TOTAL ASSETS:28,06127,08627,01722,79621,54841,54641,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9362,0552,4802,3131,84913,3342,456
Accounts payable5006249361,054728791949
Accrued liabilities1,4361,4311,5431,2591,1221,3621,507
Interest and dividends payable     11,181 
Deferred revenue3364181,52992121313106
Total current liabilities:2,2722,4724,0082,4051,97113,6472,562
Noncurrent Liabilities
Liabilities, other than long-term debt2529 130130130132
Deferred income tax liabilities   130130130130
Other liabilities2529    2
Total noncurrent liabilities:2529 130130130132
Total liabilities:2,2972,5014,0082,5352,10113,7772,694
Stockholders' equity
Stockholders' equity attributable to parent25,76424,58523,00920,26119,44827,76938,403
Common stock19191919191919
Treasury stock, value(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)
Additional paid in capital51,86351,81751,77151,70951,50451,45952,156
Retained earnings (accumulated deficit)(4,750)(5,883)(7,413)(10,099)(10,708)(2,341)7,596
Total stockholders' equity:25,76424,58523,00920,26119,44827,76938,403
TOTAL LIABILITIES AND EQUITY:28,06127,08627,01722,79621,54841,54641,097

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

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
Revenues6,6966,8736,1805,1224,8706,2955,954
Cost of revenue
(Cost of Goods and Services Sold)
(2,728)(2,915)(2,826)(2,219)(2,304)(2,785)(2,559)
Gross profit:3,9683,9583,3552,9032,5663,5103,395
Operating expenses(2,544)(2,096)(2,159)(2,292)(2,333)(2,293)(2,150)
Operating income:1,4241,8621,1966112321,2171,244
Nonoperating income16241718171824
Investment income, nonoperating0000138
Other nonoperating income16241717161616
Income from continuing operations before income taxes:1,4411,8861,2136292501,2361,268
Income tax expense (benefit)(307)(356)1,473(20)(9)8(9)
Net income available to common stockholders, diluted:1,1331,5302,6866092401,2441,260

Comprehensive Income ($ in thousands)

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
Net income:1,1331,5302,6866092401,2441,260
Comprehensive income, net of tax, attributable to parent:1,1331,5302,6866092401,2441,260

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.

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