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Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2019 Financial Results

Innovative Solutions and Support, Inc. (ISSC)  More Company Research Source: Business Wire
US:NASDAQ Investor Relations: innovative-ss.com/investor-relations
EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (ISSC) today announced its financial results for the fourth quarter and full year fiscal 2019, ended September 30, 2019.For the fourth quarter of fiscal 2019, the Company reported net sales of $4.8 million, up 33% from $3.6 million in the fourth quarter a year ago. The Company reported fourth quarter net income of $1.0 million, or $0.06 per share, compared to a net loss of $414,000, or ($0.03) per share, in the fourth quarter of fiscal 2018. Revenues were also up sequentially for the seventh time in the last eight quarters.Geoffrey Hedrick, Chairman and Chief Executive Officer of IS&S, said, “The fourth quarter was a strong finish to a year in which we generated growth in revenues, earnings and cash flow. For the year, revenues were up 27%. These results reflect the strategy I discussed last year to focus on fewer, but potentially more lucrative, growth opportunities. We also ended fiscal 2 [Read more]
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Stockreport

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2019 Financial Results

Innovative Solutions and Support, Inc.  (ISSC) 
More Company Research Source: Business Wire
US:NASDAQ Investor Relations: innovative-ss.com/investor-relations
EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (ISSC) today announced its financial results for the fourth quarter and full year fiscal 2019, ended September 30, 2019.For the fourth quarter of fiscal 2019, the Company reported net sales of $4.8 million, up 33% from $3.6 million in the fourth quarter a year ago. The Company reported fourth quarter net income of $1.0 million, or $0.06 per share, compared to a net loss of $414,000, or ($0.03) per share, in the fourth quarter of fiscal 2018. Revenues were also up sequentially for the seventh time in the last eight quarters.Geoffrey Hedrick, Chairman and Chief Executive Officer of IS&S, said, “The fourth quarter was a strong finish to a year in which we generated growth in revenues, earnings and cash flow. For the year, revenues were up 27%. These results reflect the strategy I discussed last year to focus on fewer, but potentially more lucrative, growth opportunities. We also ended fiscal 2 [Read more]
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