Innovative Solutions and Support Inc
NASDAQ:ISSC
Income Statement
Earnings Waterfall
Innovative Solutions and Support Inc
Revenue
|
37.6m
USD
|
Cost of Revenue
|
-14.5m
USD
|
Gross Profit
|
23.1m
USD
|
Operating Expenses
|
-14.9m
USD
|
Operating Income
|
8.2m
USD
|
Other Expenses
|
-1.8m
USD
|
Net Income
|
6.4m
USD
|
Income Statement
Innovative Solutions and Support Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
36
N/A
|
40
+12%
|
42
+4%
|
44
+4%
|
40
-10%
|
33
-18%
|
27
-17%
|
20
-25%
|
20
-1%
|
23
+17%
|
25
+7%
|
28
+12%
|
25
-12%
|
21
-16%
|
19
-9%
|
17
-11%
|
17
-2%
|
16
-6%
|
14
-7%
|
14
-4%
|
15
+6%
|
15
+3%
|
16
+8%
|
18
+7%
|
18
+3%
|
19
+4%
|
20
+7%
|
22
+7%
|
22
+2%
|
22
+1%
|
22
+1%
|
23
+3%
|
25
+8%
|
27
+7%
|
27
+3%
|
28
+1%
|
28
-1%
|
28
+2%
|
29
+4%
|
35
+20%
|
38
+8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(23)
|
(27)
|
(29)
|
(31)
|
(27)
|
(22)
|
(18)
|
(13)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
(10)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(13)
|
(14)
|
|
Gross Profit |
13
N/A
|
13
-1%
|
13
-2%
|
14
+5%
|
13
-8%
|
10
-18%
|
9
-12%
|
7
-24%
|
7
+8%
|
12
+58%
|
14
+17%
|
16
+20%
|
15
-11%
|
11
-24%
|
10
-13%
|
8
-16%
|
8
-1%
|
7
-9%
|
7
-11%
|
7
0%
|
7
+10%
|
8
+10%
|
9
+12%
|
10
+12%
|
10
+4%
|
10
0%
|
11
+8%
|
12
+6%
|
12
0%
|
12
+5%
|
12
0%
|
13
+4%
|
14
+11%
|
15
+9%
|
16
+5%
|
17
+3%
|
16
-1%
|
17
+3%
|
18
+4%
|
21
+21%
|
23
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(10)
|
(10)
|
(14)
|
(14)
|
(13)
|
(13)
|
(11)
|
(12)
|
(13)
|
(15)
|
(14)
|
(14)
|
(9)
|
(8)
|
(8)
|
(8)
|
(11)
|
(11)
|
(10)
|
(10)
|
(9)
|
(9)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(14)
|
(15)
|
|
Selling, General & Administrative |
(8)
|
(8)
|
(7)
|
(11)
|
(11)
|
(11)
|
(10)
|
(8)
|
(9)
|
(10)
|
(10)
|
(9)
|
(9)
|
(4)
|
(4)
|
(4)
|
(3)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
|
Research & Development |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Operating Income |
3
N/A
|
3
-4%
|
3
+13%
|
(0)
N/A
|
(1)
-886%
|
(3)
-125%
|
(4)
-30%
|
(4)
+10%
|
(4)
-13%
|
(1)
+64%
|
(1)
+33%
|
2
N/A
|
1
-53%
|
2
+89%
|
1
-35%
|
(0)
N/A
|
0
N/A
|
(4)
N/A
|
(4)
-14%
|
(4)
+11%
|
(3)
+31%
|
(1)
+51%
|
0
N/A
|
2
+595%
|
2
+8%
|
2
-7%
|
2
+55%
|
3
+15%
|
3
0%
|
3
+20%
|
3
-1%
|
4
+20%
|
5
+31%
|
6
+24%
|
7
+8%
|
7
+6%
|
7
-9%
|
6
-6%
|
6
-3%
|
7
+22%
|
8
+11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
5
|
5
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
3
N/A
|
3
-4%
|
3
+13%
|
(0)
N/A
|
(1)
-1 575%
|
(3)
-128%
|
(4)
-30%
|
(4)
+11%
|
(4)
-13%
|
(1)
+65%
|
(1)
+36%
|
3
N/A
|
1
-51%
|
6
+410%
|
6
-12%
|
5
-14%
|
5
+11%
|
(3)
N/A
|
(3)
-18%
|
(4)
-5%
|
(2)
+32%
|
(1)
+55%
|
0
N/A
|
2
+311%
|
2
+10%
|
2
-4%
|
3
+39%
|
3
+9%
|
3
-2%
|
3
+17%
|
3
-2%
|
4
+20%
|
5
+30%
|
6
+23%
|
7
+8%
|
7
+7%
|
7
-7%
|
7
-4%
|
7
+1%
|
8
+15%
|
8
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(1)
|
(1)
|
0
|
1
|
2
|
(1)
|
(2)
|
(3)
|
(3)
|
(0)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
1
|
1
|
1
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
3
|
2
|
2
|
0
|
(0)
|
(1)
|
(5)
|
(6)
|
(7)
|
(5)
|
(1)
|
2
|
1
|
5
|
5
|
5
|
5
|
(2)
|
(3)
|
(4)
|
(3)
|
(1)
|
0
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
5
|
5
|
6
|
7
|
5
|
6
|
5
|
5
|
5
|
6
|
6
|
|
Net Income (Common) |
3
N/A
|
2
-13%
|
2
+8%
|
0
-92%
|
(0)
N/A
|
(1)
-518%
|
(5)
-296%
|
(6)
-9%
|
(7)
-14%
|
(5)
+29%
|
(1)
+79%
|
2
N/A
|
1
-49%
|
5
+426%
|
5
-4%
|
5
-11%
|
5
+7%
|
(2)
N/A
|
(3)
-45%
|
(4)
-6%
|
(3)
+28%
|
(1)
+58%
|
0
N/A
|
2
+320%
|
2
+10%
|
2
+12%
|
3
+33%
|
3
+8%
|
3
-3%
|
3
+5%
|
5
+43%
|
5
+6%
|
6
+18%
|
7
+14%
|
5
-20%
|
6
+1%
|
5
-8%
|
5
-3%
|
5
+1%
|
6
+21%
|
6
+6%
|
|
EPS (Diluted) |
0.16
N/A
|
0.14
-13%
|
0.15
+7%
|
0.01
-93%
|
-0.01
N/A
|
-0.08
-700%
|
-0.32
-300%
|
-0.35
-9%
|
-0.39
-11%
|
-0.28
+28%
|
-0.06
+79%
|
0.12
N/A
|
0.05
-58%
|
0.31
+520%
|
0.3
-3%
|
0.27
-10%
|
0.29
+7%
|
-0.14
N/A
|
-0.2
-43%
|
-0.22
-10%
|
-0.15
+32%
|
-0.06
+60%
|
0.03
N/A
|
0.11
+267%
|
0.12
+9%
|
0.14
+17%
|
0.18
+29%
|
0.19
+6%
|
0.18
-5%
|
0.19
+6%
|
0.28
+47%
|
0.29
+4%
|
0.36
+24%
|
0.4
+11%
|
0.32
-20%
|
0.32
N/A
|
0.29
-9%
|
0.28
-3%
|
0.28
N/A
|
0.35
+25%
|
0.36
+3%
|