{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-057211","form_type":"8-K","ticker":"ISSC","cik":"0000836690","company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.401677+00:00","generated_at":"2026-06-15T15:05:44.214070+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IS&S Q2 FY2023 sales up 7.2% to $7.3M; net income $0.07 per share","bullets":["Net sales $7.3M (+7.2% YoY); gross margin 64.6% vs 61.1%.","Net income $1.3M ($0.07 EPS) vs $1.4M ($0.08) a year ago; higher G&A and R&D offset revenue growth.","Backlog rose to $14.8M (vs $7.5M prior year); new orders of $13.6M in Q2.","Cash $19.8M, no debt; Articles of Incorporation updated to enable inorganic growth.","CEO: strong aftermarket demand; expects higher production utilization to boost margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-057211","json":"https://secwatch.observer/filing/0001104659-23-057211.json","markdown":"https://secwatch.observer/filing/0001104659-23-057211.md","text":"https://secwatch.observer/filing/0001104659-23-057211.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/836690/000110465923057211/0001104659-23-057211-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/836690/000110465923057211/tm2314998d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T15:05:44.214070+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35376507bf1a92273dd1e352c8a83a89708eaab9","claim":"INNOVATIVE SOLUTIONS & SUPPORT INC reported fiscal second quarter ended March 31, 2023 results: revenue $7.3 million, net income $1.3 million, EPS $0.07 per share.","evidence_excerpt":"For the second quarter of fiscal 2023, net sales increased 7.2% to $7.3 million compared to $6.8 million in the second quarter a year ago. Gross profit in the second quarter of 2023 was $4.7 million, or 64.6% of sales, compared to $4.2 million, or 61.1% of sales in the second quarter of 2022. The Company reported net income of $1.3 million, or $0.07 per share in the second quarter, compared to $1.4 million, or $0.08 per share in the second quarter of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/836690/000110465923057211/0001104659-23-057211-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended March 31, 2023"},{"label":"Revenue","value":"$7.3 million"},{"label":"Net income","value":"$1.3 million"},{"label":"EPS","value":"$0.07 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}