Innovative Solutions & Support (ISSC) Reports In-Line Q3 EPS

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Go back to Innovative Solutions & Support (ISSC) Reports In-Line Q3 EPS

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2023 Financial Results

August 9, 2023 5:17 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 year 2023, which ended June 30, 2023.

For the third quarter of fiscal 2023, net sales increased 14.8% to $8.0 million compared to $6.9 million in the third quarter a year ago. Gross profit in the third quarter of 2023 was $4.7 million, or 59.5% of sales, compared to $4.1 million, or 58.5% of sales in the third quarter of 2022. The Company reported net income of $1.4 million, or $0.08 per share in the third quarter, which was flat... More