Innovative Solutions & Support (ISSC) Reports Q4 Loss of $0.01

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Go back to Innovative Solutions & Support (ISSC) Reports Q4 Loss of $0.01

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Fiscal 2017 Financial Results

December 13, 2017 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, 2017.

Revenues for fiscal 2017 were $16.8 million compared to $28.0 million in fiscal 2016. The Company reported net income of $4.6 million or $0.27 per share for fiscal 2017, compared to $2.0 million or $0.12 per share in fiscal 2016. Net income in 2017 includes $4.9 million of other income, comprised primarily of $4.1 million from the settlement of the Delta Airline, Inc. (Delta) lawsuit and from the sale of Pennsylvania State R&D tax credits.

Geoffrey Hedrick, Chairman and Chief... More