secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001104659-24-061118
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IS&S Q2 fiscal 2024 sales up 46% to $10.7M; net income $0.07 per share
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- Net sales $10.7M, up 46% from $7.3M; net income $1.2M ($0.07 EPS) vs $1.3M ($0.07) prior year.
- Includes ~$500K amortization and one-time costs from Honeywell acquisition; profitability rose excluding those items.
- First-half operating cash flow $4.4M positive despite integration costs; new orders $6.6M and backlog $10.4M.
- Backlog excludes long-term OEM programs (Pilatus PC-24, Textron King Air, Boeing T-7, KC-46A).
- CEO cited double-digit sales momentum; welcomed new CFO Jeff DiGiovanni.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465924061118/0001104659-24-061118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465924061118/tm2414479d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-061118

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