---
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"
generated_at: "2026-06-15T15:05:44.214070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IS&S Q2 FY2023 sales up 7.2% to $7.3M; net income $0.07 per share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-057211
- JSON: https://secwatch.observer/filing/0001104659-23-057211.json
- Plain text: https://secwatch.observer/filing/0001104659-23-057211.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal second quarter ended March 31, 2023
  - Revenue: $7.3 million
  - Net income: $1.3 million
  - EPS: $0.07 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/836690/000110465923057211/0001104659-23-057211-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.