{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-023636","form_type":"8-K","ticker":"ISSC","cik":"0000836690","company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.032265+00:00","generated_at":"2026-06-06T02:52:21.892887+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Innovative Solutions & Support Q1 net sales up 43% to $9.3M, net income up 51%","bullets":["Net sales $9.3M (+43% YoY); net income $1.06M / $0.06 EPS (+51% from $0.04).","Gross margin improved to 59.3% from 57.1%; debt reduced $8.9M to $10.6M.","Cash from operations $4.2M; new orders $10.4M, backlog $14.6M.","Honeywell product line integration progressing, contributing to growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-023636","json":"https://secwatch.observer/filing/0001104659-24-023636.json","markdown":"https://secwatch.observer/filing/0001104659-24-023636.md","text":"https://secwatch.observer/filing/0001104659-24-023636.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/836690/000110465924023636/0001104659-24-023636-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/836690/000110465924023636/tm246253d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:52:21.892887+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":"d42a5e2178f0549f027e642d14c0929a199a19cc","claim":"INNOVATIVE SOLUTIONS & SUPPORT INC reported first quarter of fiscal 2024 ended December 31, 2023 results: revenue net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago, net income net income of $1,057,350, or $0.06 per share, EPS or $0.06 per share.","evidence_excerpt":"Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announced its financial results for the first quarter of fiscal 2024, which ended December 31, 2023. For the first quarter of fiscal 2024, IS&S reported net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago. The Company reported net income of $1,057,350, or $0.06 per share, increases of 51% and 50%, respectively, compared to $698,651, or $0.04 per share, in the first quarter of fiscal 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/836690/000110465924023636/0001104659-24-023636-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024 ended December 31, 2023"},{"label":"Revenue","value":"net sales of $9.3 million, up 43% from $6.5 million in the first quarter a year ago"},{"label":"Net income","value":"net income of $1,057,350, or $0.06 per share"},{"label":"EPS","value":"or $0.06 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"}