---
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"
generated_at: "2026-06-06T02:52:21.892887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Innovative Solutions & Support Q1 net sales up 43% to $9.3M, net income up 51%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-023636
- JSON: https://secwatch.observer/filing/0001104659-24-023636.json
- Plain text: https://secwatch.observer/filing/0001104659-24-023636.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter of fiscal 2024 ended December 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/836690/000110465924023636/0001104659-24-023636-index.htm

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