secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001104659-22-088657
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ISSC Q3 fiscal 2022 sales $6.9M (+12%), operating income up 41%; backlog $12.6M
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- Net sales $6.9M (+12% YoY); net income $1.4M ($0.08/sh) vs $2.7M ($0.16/sh) last year which included $1.5M tax benefit.
- Operating income rose 41% to $1.7M; nine-month operating income up 138% to $4.9M.
- Cash on hand $14.5M, up from $8.3M at fiscal year end; net cash from ops $6.4M YTD.
- New orders $12M in Q3; backlog $12.6M, up from $7.5M at March 31, 2022.
- Appointed new CFO Michael Linacre and added two board members with aviation experience.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465922088657/0001104659-22-088657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465922088657/tm2222931d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-088657

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer