Innovative Solutions & Support (ISSC) Tops Q4 EPS by 3c

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Go back to Innovative Solutions & Support (ISSC) Tops Q4 EPS by 3c

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Fiscal 2015 Financial Results

December 16, 2015 4:30 PM EST

EXTON, Pa.--(BUSINESS WIRE)-- Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year ended September 30, 2015.

Revenues for fiscal 2015 were $20.1 million compared to $44.1 million for fiscal 2014. Operating loss for the current year was $(2.2) million, and the net loss for the current year was $(4.7) million or $(0.28) per share, which included the effect of a $3.7 million, or $(0.22) per share, non-cash valuation allowance of the Companys deferred tax assets some or all of which may be recoverable in future profitable periods. Although the... More