Innovative Solutions & Support, Inc. Announces First Quarter Fiscal 2024 Financial Results
Innovative Solutions and Support, Inc. (ISSC)
US:NASDAQ Investor Relations:
innovative-ss.com/investor-relations
Company Research
Source: Business Wire
EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal 2024, which ended December 31, 2023.For the first quarter of fiscal 2024, IS&S reported net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago. The Company reported net income of $1,057,350, or $0.06 per share, increases of 51% and 50%, respectively, compared to $698,651, or $0.04 per share, in the first quarter of fiscal 2023.Gross profit in the first quarter of 2024 was $5.5 million, or 59.3% of sales, compared to $3.7 million, or 57.1% of sales in the first quarter of 2023.Sales and earnings in the first quarter of 2024 continued to benefit from the product lines acquired from Honeywell International, Inc. (“Honeywell”) pursuant to an exclusive license and asset acquisition that closed in the third quarter of 2023.Shahram Askarpour, Chief Executive Officer of IS&S, said, “We
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News
- Innovative Solutions and Support, Inc. (NASDAQ: ISSC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- One Innovative Solutions and Support Insider Raised Stake By 14% In Previous Year [Yahoo! Finance]Yahoo! Finance
- Why We Like The Returns At Innovative Solutions and Support (NASDAQ:ISSC) [Yahoo! Finance]Yahoo! Finance
- Estimating The Fair Value Of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) [Yahoo! Finance]Yahoo! Finance
- Innovative Solutions & Support, Inc. Announces New Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
ISSC
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- ISSC's page on the SEC website