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 MRQ | 9/30/2023 | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,097 | 19,443 | 17,251 | 8,266 | 12,604 | 22,417 | |||
| Cash and cash equivalents | 3,097 | 19,443 | 17,251 | 8,266 | 12,604 | 22,417 | |||
| Receivables | 9,744 | 3,317 | 4,297 | 4,046 | 4,369 | 2,349 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,140 | 5,252 | 5,349 | 4,545 | 4,291 | 4,471 | |||
| Inventory | 6,140 | 5,252 | 5,349 | 4,545 | 4,291 | 4,471 | |||
| Prepaid expense | 623 | 802 | 777 | 318 | 336 | 302 | |||
| Contract with customer, asset, after allowance for credit loss | 487 | 163 | 163 | 80 | |||||
| Asset, held-for-sale, not part of disposal group | 2,064 | ||||||||
| Other current assets | 450 | 248 | 365 | 515 | 339 | 340 | |||
| Other undisclosed current assets | 12,069 | 11,181 | |||||||
| Total current assets: | 34,674 | 29,224 | 28,202 | 17,690 | 33,120 | 29,958 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 7,892 | 6,239 | 6,292 | 8,143 | 8,176 | 8,445 | |||
| Intangible assets, net (including goodwill) | 19,743 | ||||||||
| Goodwill | 3,558 | ||||||||
| Intangible assets, net (excluding goodwill) | 16,185 | ||||||||
| Deferred income tax assets | 456 | 331 | 46 | 1,064 | |||||
| Other noncurrent assets | 192 | 161 | 164 | 188 | 250 | 154 | |||
| Total noncurrent assets: | 28,284 | 6,732 | 6,503 | 9,396 | 8,425 | 8,599 | |||
| TOTAL ASSETS: | 62,957 | 35,956 | 34,705 | 27,086 | 41,546 | 38,557 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,256 | 3,351 | 4,712 | 2,055 | 13,334 | 2,190 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 11,181 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,031 | |||||
| Accounts payable | 1,337 | 842 | 709 | 624 | 791 | 1,079 | |||
| Accrued liabilities | 2,918 | 2,509 | 2,972 | 1,431 | 1,362 | 1,111 | |||
| Deferred revenue | 143 | 92 | 418 | 313 | |||||
| Debt | 2,000 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 29 | ||
| Other undisclosed current liabilities | (771) | ||||||||
| Total current liabilities: | 6,399 | 3,443 | 3,940 | 2,472 | 13,647 | 2,219 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,500 | ||||||||
| Long-term debt, excluding current maturities | 17,500 | ||||||||
| Liabilities, other than long-term debt | 422 | 422 | 15 | 29 | 130 | ||||
| Deferred income tax liabilities | 130 | ||||||||
| Other liabilities | 422 | 422 | 15 | 29 | |||||
| Other undisclosed noncurrent liabilities | 130 | ||||||||
| Total noncurrent liabilities: | 17,922 | 422 | 15 | 29 | 130 | 130 | |||
| Total liabilities: | 24,320 | 3,865 | 3,955 | 2,501 | 13,777 | 2,349 | |||
| Equity | |||||||||
| Equity, attributable to parent | 38,637 | 32,091 | 30,750 | 24,585 | 27,769 | 36,208 | |||
| Common stock | 20 | 19 | 19 | 19 | 19 | 19 | |||
| Treasury stock, value | (21,369) | (21,369) | (21,369) | (21,369) | (21,369) | (21,369) | |||
| Additional paid in capital | 54,317 | 53,100 | 52,458 | 51,817 | 51,459 | 51,987 | |||
| Retained earnings (accumulated deficit) | 5,669 | 340 | (359) | (5,883) | (2,341) | 5,571 | |||
| Total equity: | 38,637 | 32,091 | 30,750 | 24,585 | 27,769 | 36,208 | |||
| TOTAL LIABILITIES AND EQUITY: | 62,957 | 35,956 | 34,705 | 27,086 | 41,546 | 38,557 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 34,809 | 27,559 | 27,741 | 23,045 | 21,595 | 17,573 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (13,497) | (11,131) | (11,066) | (10,263) | (9,793) | (7,676) | ||
| Other undisclosed gross profit | 2 | |||||||
| Gross profit: | 21,311 | 16,430 | 16,674 | 12,782 | 11,802 | 9,896 | ||
| Operating expenses | (13,952) | (9,848) | (9,459) | (8,881) | (9,057) | (8,368) | ||
| Operating income: | 7,359 | 6,583 | 7,215 | 3,901 | 2,745 | 1,529 | ||
| Nonoperating income | 670 | 244 | 126 | 76 | 215 | 323 | ||
| Investment income, nonoperating | 518 | 177 | 61 | 1 | 155 | 250 | ||
| Other nonoperating income | 151 | 67 | 65 | 75 | 60 | 74 | ||
| Interest and debt expense | (393) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before income taxes: | 7,635 | 6,827 | 7,342 | 3,977 | 2,961 | 1,852 | ||
| Income tax expense (benefit) | (1,608) | (1,737) | (1,818) | 1,088 | 309 | (2) | ||
| Income from continuing operations: | 6,028 | 5,089 | 5,524 | 5,065 | 3,270 | 1,850 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 4,391 | 5,524 | 5,065 | 3,270 | 1,850 | |
| Net income available to common stockholders, diluted: | 6,028 | 5,089 | 5,524 | 5,065 | 3,270 | 1,850 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 6,028 | 5,089 | 5,524 | 5,065 | 3,270 | 1,850 | ||
| Comprehensive income, net of tax, attributable to parent: | 6,028 | 5,089 | 5,524 | 5,065 | 3,270 | 1,850 | ||
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.