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
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,79119,44317,25114,54211,6199,706
Cash and cash equivalents19,79119,44317,25114,54211,6199,706
Receivables3,9673,3174,2973,0034,0563,721
Inventory, net of allowances, customer advances and progress billings5,9005,2525,3494,9054,6894,606
Inventory5,9005,2525,3494,9054,6894,606
Prepaid expense829802777483544638
Contract with customer, asset, after allowance for credit loss163163163   
Asset, held-for-sale, not part of disposal group    1,558  
Other current assets414248365280334243
Other undisclosed current assets   15  
Total current assets:31,06429,22428,20224,78821,24218,915
Noncurrent Assets
Property, plant and equipment6,2016,2396,2926,3818,0478,131
Intangible assets, net (including goodwill)      
Goodwill      
Intangible assets, net (excluding goodwill)      
Deferred income tax assets59333146278537833
Other noncurrent assets265161164169173182
Total noncurrent assets:7,0586,7326,5036,8288,7579,146
TOTAL ASSETS:38,12235,95634,70531,61629,99928,061
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3613,3514,7122,4362,3031,936
Employee-related liabilities1,031 
Accounts payable1,499842709752745500
Accrued liabilities1,8622,5092,9721,6831,5581,436
Deferred revenue19292 329277336
Debt      
Other undisclosed current liabilities   (771)   
Total current liabilities:3,5533,4433,9402,7652,5802,272
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt42442215182225
Other liabilities42442215182225
Total noncurrent liabilities:42442215182225
Total liabilities:3,9773,8653,9552,7832,6012,297
Equity
Equity, attributable to parent34,14532,09130,75028,83327,39825,764
Common stock201919191919
Treasury stock, value(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)
Additional paid in capital53,88353,10052,45852,14352,06751,863
Retained earnings (accumulated deficit)1,611340(359)(1,961)(3,320)(4,750)
Total equity:34,14532,09130,75028,83327,39825,764
TOTAL LIABILITIES AND EQUITY:38,12235,95634,70531,61629,99928,061

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

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Revenues7,3406,5167,2636,9346,8466,696
Cost of revenue
(Cost of Goods and Services Sold)
(2,600)(2,792)(2,796)(2,879)(2,663)(2,728)
Other undisclosed gross profit    2  
Gross profit:4,7403,7244,4684,0574,1833,968
Operating expenses(3,313)(2,932)(2,170)(2,371)(2,375)(2,544)
Operating income:1,4277912,2971,6861,8081,424
Nonoperating income15413466321216
Investment income, nonoperating131116501000
Other nonoperating income231816221216
Income from continuing operations before income taxes:1,5829262,3631,7181,8201,441
Income tax expense(310)(227)(761)(359)(390)(307)
Income from continuing operations:1,2716991,6021,3591,4301,133
Income before gain (loss) on sale of properties:1,6021,3591,4301,133
Net income available to common stockholders, diluted:1,2716991,6021,3591,4301,133

Comprehensive Income ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Net income:1,2716991,6021,3591,4301,133
Comprehensive income, net of tax, attributable to parent:1,2716991,6021,3591,4301,133

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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