Innovative Solutions & Support, Inc. Announces Second Quarter Fiscal 2018 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”) (ISSC) today announced its financial results for the second quarter of fiscal 2018 ended March 31, 2018. For the second quarter of fiscal 2018, the Company reported net sales of $3.7 million, compared to second quarter fiscal 2017 sales of $4.7 million. The Company reported a net loss of $1.3 million, or ($0.08) per share, for the second quarter of 2018 compared to net income of $5.9 million, or $0.35 per share, in the second quarter a year ago. Second quarter 2017 profitability benefitted from a $3.6 million reduction to selling, general and administrative expenses as well as $4.1 million in other income, both arising from the settlement of a lawsuit. Geoffrey Hedrick, Chairman and Chief Executive Officer of IS&S, said, “We continue to invest in new product research and development which we believe will
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ISSC
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- ISSC's page on the SEC website