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 investments9,7068,26612,60422,41720,39124,68018,768
Cash and cash equivalents9,7068,26612,60422,41720,39124,68018,768
Receivables3,7214,0464,3692,3493,4514,4906,216
Inventory, net of allowances, customer advances and progress billings4,6064,5454,2914,4714,2804,1803,646
Inventory4,6064,5454,2914,4714,2804,1803,646
Prepaid expense638318336302258402386
Contract with customer, asset   80 
Other current assets243515339340285429354
Other undisclosed current assets  11,181    
Total current assets:18,91517,69033,12029,95828,66534,18129,369
Noncurrent Assets
Property, plant and equipment8,1318,1438,1768,4458,7876,6696,963
Deferred income tax assets8331,064  
Other noncurrent assets182188250154182187157
Total noncurrent assets:9,1469,3968,4258,5998,9696,8567,120
TOTAL ASSETS:28,06127,08641,54638,55737,63441,03836,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9362,05513,3342,1902,9933,0813,394
Accounts payable5006247911,0791,5301,3211,504
Accrued liabilities1,4361,4311,3621,1111,4631,7601,890
Interest and dividends payable  11,181    
Deferred revenue336418313 
Deferred revenue and credits357280180
Contract with customer, liability29 
Total current liabilities:2,2722,47213,6472,2193,3503,3623,573
Noncurrent Liabilities
Liabilities, other than long-term debt2529130 1306868
Deferred tax liabilities, net1306868
Deferred income tax liabilities  130 
Other liabilities2529     
Other undisclosed noncurrent liabilities   130   
Total noncurrent liabilities:25291301301306868
Total liabilities:2,2972,50113,7772,3493,4793,4293,641
Stockholders' equity
Stockholders' equity attributable to parent25,76424,58527,76936,20834,15437,60832,848
Common stock19191919191919
Treasury stock, value(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)(21,369)
Additional paid in capital51,86351,81751,45951,98751,78451,58451,392
Retained earnings (accumulated deficit)(4,750)(5,883)(2,341)5,5713,7207,3742,806
Total stockholders' equity:25,76424,58527,76936,20834,15437,60832,848
TOTAL LIABILITIES AND EQUITY:28,06127,08641,54638,55737,63441,03836,489

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
Revenues24,87123,04521,59517,57313,85016,78727,970
Revenue, net13,85016,78727,970
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:14,18412,78211,8029,8966,5388,11816,487
Operating expenses(9,091)(8,881)(9,057)(8,368)(10,250)(8,196)(14,044)
Operating income (loss):5,0933,9012,7451,529(3,712)(78)2,443
Nonoperating income75762153231214,894112
Investment income, nonoperating01155250543634
Other nonoperating income75756074684,85878
Income (loss) from continuing operations before income taxes:5,1683,9772,9611,852(3,590)4,8172,555
Income tax expense (benefit)7901,088309(2)(64)(248)(568)
Net income (loss) available to common stockholders, diluted:5,9585,0653,2701,850(3,654)4,5691,987

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):5,9585,0653,2701,850(3,654)4,5691,987
Comprehensive income (loss), net of tax, attributable to parent:5,9585,0653,2701,850(3,654)4,5691,987

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.

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