IS&S Q4 sales $7.3M (+5.7% YoY), net income $1.6M; FY sales $27.7M (+20.4% YoY), EPS $0.32

INNOVATIVE SOLUTIONS & SUPPORT INC

Net sales $7.3M in Q4 FY2022, up 5.7% from $6.9M a year ago; net income $1.6M ($0.09 per share).
Full-year FY2022 sales $27.7M, up 20.4% from $23.0M; net income $5.5M ($0.32 per share) vs $5.1M ($0.29).
Operating income $6.0M in FY2022, up 54.5% from $3.9M; cash on hand $17.3M with no debt.
New orders in Q4 ~$6.5M; backlog $11.8M, supported by long-term programs (PC-24, King Air, KC-46A).
CEO cites fourth consecutive year of revenue and earnings growth; cash flows from operations $6.1M for FY.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNOVATIVE SOLUTIONS & SUPPORT INC reported the fiscal year ended September 30, 2022 results: revenue $27.7 million, net income $5.5 million, EPS $0.32 per share.

Period: the fiscal year ended September 30, 2022
Revenue: $27.7 million
Net income: $5.5 million
EPS: $0.32 per share
Result: reported results

Exact text from the filing

Total sales for the fiscal year ended September 30, 2022, were $27.7 million up 20.4% compared to $23.0 million for the fiscal year ended September 30, 2021. Operating income of $6.0 million was up 54.5% from $3.9 million in fiscal 2021. Net income for fiscal 2022 was $5.5 million, or $0.32 per share, compared to $5.1 million, or $0.29 per share, in fiscal 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNOVATIVE SOLUTIONS & SUPPORT INC reported the fourth quarter of fiscal 2022 ended September 30, 2022 results: revenue $7.3 million, net income $1.6 million, EPS $0.09 per share.

Period: the fourth quarter of fiscal 2022 ended September 30, 2022
Revenue: $7.3 million
Net income: $1.6 million
EPS: $0.09 per share
Result: reported results

Exact text from the filing

For the fourth quarter of fiscal 2022, IS&S reported net sales of $7.3 million, up 5.7% as compared to $6.9 million in the fourth quarter a year ago. The Company reported net income of $1.6 million, or $0.09 per share, an increase of 2.9% compared to $1.5 million, in the fourth quarter of fiscal 2021.

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Source: SEC EDGAR

accession 0001104659-22-127533

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