Innovative Solutions & Support (ISSC) Tops Q3 EPS by 16c

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Go back to Innovative Solutions & Support (ISSC) Tops Q3 EPS by 16c

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2021 Financial Results

August 11, 2021 4:30 PM EDT

EXTON, Pa.--(BUSINESS WIRE)-- Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2021, ended June 30, 2021.

For the third quarter of fiscal 2021, the Company reported net sales of $6.2 million up 3% from the third quarter a year ago. The Company reported net income of $2.7 million, or $0.16 per share, which includes a $1.5 million tax benefit from the release of the deferred tax valuation allowance, up 108% from the third quarter of fiscal 2020.

Geoffrey Hedrick, Chairman and Chief Executive Officer of... More