INNOVATIVE SOLUTIONS AND SUPPORT, INC.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.8M | $10.7M | $9.3M | $13.0M | $8.0M | $7.3M | $6.5M | $7.3M |
| Cost of Revenue | $5.5M | $5.2M | $3.8M | $4.9M | $3.2M | $2.6M | $2.8M | $2.8M |
| Gross Profit | $6.3M | $5.6M | $5.5M | $8.1M | $4.7M | $4.7M | $3.7M | $4.5M |
| Gross Margin | 53.4% | 52.0% | 59.3% | 62.4% | 59.5% | 64.6% | 57.1% | 61.5% |
| Operating Expenses | ||||||||
| Research & Development | $1.1M | $1.0M | $901.1K | $741.6K | $851.3K | $866.2K | $670.4K | $642.2K |
| SG&A Expense | $3.1M | $2.9M | $3.0M | $3.7M | $2.4M | $2.4M | $2.3M | $1.5M |
| Operating Income | $2.0M | $1.6M | $1.6M | $3.7M | $1.5M | $1.4M | $791.5K | $2.3M |
| Operating Margin | 17.3% | 15.3% | 17.4% | 28.1% | 18.7% | 19.4% | 12.1% | 31.6% |
| Interest Expense | $172.8K | $171.5K | $360.0K | — | — | — | — | — |
| Pretax Income | $1.9M | $1.5M | $1.4M | $3.4M | $1.8M | $1.6M | $925.6K | $2.4M |
| Income Tax Expense | $330.5K | $325.9K | $295.0K | $730.2K | $340.0K | $310.4K | $226.9K | $761.5K |
| Net Income | $1.6M | $1.2M | $1.1M | $2.6M | $1.4M | $1.3M | $698.7K | $1.6M |
| Net Margin | 13.2% | 11.3% | 11.4% | 20.3% | 17.9% | 17.3% | 10.7% | 22.1% |
| EPS (Basic) | $0.09 | $0.07 | $0.06 | $0.16 | $0.08 | $0.07 | $0.04 | $0.09 |
| EPS (Diluted) | $0.09 | $0.07 | $0.06 | $0.16 | $0.08 | $0.07 | $0.04 | $0.09 |
| Shares Outstanding (Basic) | 17.5M | 17.5M | 17.5M | 17.4M | 17.6M | 17.4M | 17.3M | 17.3M |
| Shares Outstanding (Diluted) | 17.5M | 17.5M | 17.5M | 17.4M | 17.6M | 17.4M | 17.3M | 17.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |