---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-090434"
form_type: "8-K"
ticker: "ISSC"
cik: "0000836690"
company_name: "INNOVATIVE SOLUTIONS & SUPPORT INC"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:58:53.725919+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IS&S Q3 net sales up 14.8% to $8.0M; Honeywell license acquisition to boost revenue 40% annually

## Summary
- Net sales $8.0M (+14.8% YoY); gross profit $4.7M (59.5% of sales); net income $1.4M ($0.08 per share) flat YoY.
- Completed exclusive license and asset acquisition of Honeywell product lines June 30, 2023; expects 40% revenue boost, ~75% EBITDA increase integrated in 2024.
- Secured $20M term loan to strengthen financial position; cash on hand $2.6M after acquisition funding.
- Backlog $13.8M vs $12.6M a year ago; new orders $6.9M in Q3.
- Generated $6.4M cash from operations in first nine months of fiscal 2023.

## SEC filing metadata
- accession: 0001104659-23-090434
- form_type: 8-K
- ticker: ISSC
- cik: 0000836690
- company_name: INNOVATIVE SOLUTIONS & SUPPORT INC
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/836690/000110465923090434/0001104659-23-090434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836690/000110465923090434/tm2323540d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-090434
- JSON: https://secwatch.observer/filing/0001104659-23-090434.json
- Plain text: https://secwatch.observer/filing/0001104659-23-090434.txt

## Key facts
- Earnings Releases
  INNOVATIVE SOLUTIONS & SUPPORT INC reported third quarter of fiscal year 2023, which ended June 30, 2023 results: revenue $8.0 million, net income $1.4 million, EPS $0.08 per share.
  - Period: third quarter of fiscal year 2023, which ended June 30, 2023
  - Revenue: $8.0 million
  - Net income: $1.4 million
  - EPS: $0.08 per share
  - Result: reported results
  source text: Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal year 2023, which ended June 30, 2023. For the third quarter of fiscal 2023, net sales increased 14.8% to $8.0 million compared to $6.9 million in the third quarter a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/836690/000110465923090434/0001104659-23-090434-index.htm

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