INNOVATIVE SOLUTIONS & SUPPORT INC

For the period ended Sep 30, 2024. Filed Dec 30, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Dec 30, 2024

IA$21.30+9.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations


· · For the Fiscal Year Ended September 30,
	2024		2023		2022
Net Sales:
Product		$24,279,918		$22,589,657		$22,400,159
Services		22,918,102		12,218,856		5,340,536
Total net sales		47,198,020		34,808,513		27,740,695

Cost of sales:
Product		10,570,521		9,715,517		9,402,900
Services		10,713,908		3,781,925		1,663,414
Total cost of sales		21,284,429		13,497,442		11,066,314

Gross profit		25,913,591		21,311,071		16,674,381

Operating expenses:
Research and development		4,137,985		3,129,518		2,705,140
Selling, general and administrative		12,114,069		10,822,505		6,753,915
Total operating expenses		16,252,054		13,952,023		9,459,055

Operating income		9,661,537		7,359,048		7,215,326

Interest expense		(937,309)		(393,281)		—
Interest income		127,332		518,188		61,051
Other income		—		151,317		65,232
Income before income taxes		8,851,560		7,635,272		7,341,609

Income tax expense		1,853,180		1,607,517		1,817,831

Net income		$6,998,380		$6,027,755		$5,523,778

Net income per common share:
Basic		$0.40		$0.35		$0.32
Diluted		$0.40		$0.35		$0.32

Weighted average shares outstanding:
Basic		17,459,823		17,411,684		17,256,750
Diluted		17,480,247		17,419,185		17,257,871

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.