secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001104659-23-127737
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IS&S Q4 net sales up 79% to $13M; FY2023 revenue $34.8M (+26%); cash over $8M
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- Q4 net sales $13.0M (+79% YoY); net income $2.6M ($0.15 EPS) vs $1.6M ($0.09 EPS) a year ago.
- FY2023 revenue $34.8M (+26% YoY); net income $6.0M ($0.35 EPS) vs $5.5M ($0.32 EPS) prior year.
- Cash on hand >$8M as of Dec 19, 2023, up from $3.1M at Sep 30, 2023; aided by receivables and aircraft sale.
- Honeywell acquisition integration on track; expected to boost annualized revenues ~40% from pre-acquisition levels in FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465923127737/0001104659-23-127737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465923127737/tm2333406d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127737

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