$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC

2012 Q1 Form 10-Q Financial Statement

#000110465912033238 Filed on May 04, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q3 2011 Q1
Revenue $6.760M $6.490M $6.746M
YoY Change 0.21% -13.0% 25.63%
Cost Of Revenue $3.660M $3.324M $2.873M
YoY Change 27.36% 21.76% -2.26%
Gross Profit $3.101M $3.166M $3.873M
YoY Change -19.93% -33.06% 59.37%
Gross Profit Margin 45.87% 48.78% 57.41%
Selling, General & Admin $1.828M $1.890M $1.849M
YoY Change -1.15% -11.27% -1.64%
% of Gross Profit 58.95% 59.69% 47.75%
Research & Development $926.4K $1.180M $1.557M
YoY Change -40.5% -15.11% 11.2%
% of Gross Profit 29.88% 37.27% 40.2%
Depreciation & Amortization $126.0K $170.0K $170.0K
YoY Change -25.88% -15.0% -22.73%
% of Gross Profit 4.06% 5.37% 4.39%
Operating Expenses $2.754M $3.080M $3.406M
YoY Change -19.14% -12.5% 3.84%
Operating Profit $346.5K $94.96K $466.7K
YoY Change -25.74% -92.15% -154.9%
Interest Expense $180.00 $20.00K $404.00
YoY Change -55.45% -71.43% -98.65%
% of Operating Profit 0.05% 21.06% 0.09%
Other Income/Expense, Net $8.568K $0.00 $0.00
YoY Change
Pretax Income $375.1K $120.0K $511.5K
YoY Change -26.68% -90.63% -162.38%
Income Tax $86.21K $110.0K $12.39K
% Of Pretax Income 22.99% 91.67% 2.42%
Net Earnings $290.0K $10.00K $500.0K
YoY Change -42.0% -99.2% -166.67%
Net Earnings / Revenue 4.29% 0.15% 7.41%
Basic Earnings Per Share $0.02 $0.00 $0.03
Diluted Earnings Per Share $0.02 $0.00 $0.03
COMMON SHARES
Basic Shares Outstanding 16.64M shares 16.80M shares 16.78M shares
Diluted Shares Outstanding 16.64M shares 16.84M shares

Balance Sheet

Concept 2012 Q1 2011 Q3 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.20M $42.60M $42.50M
YoY Change 1.65% 4.16% 19.05%
Cash & Equivalents $43.20M $42.63M $42.48M
Short-Term Investments
Other Short-Term Assets $900.0K $236.8K $900.0K
YoY Change 0.0% -78.47% -35.71%
Inventory $4.479M $3.509M $4.500M
Prepaid Expenses
Receivables $3.583M $3.124M $3.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $52.94M $50.57M $50.90M
YoY Change 4.01% 1.95% 9.46%
LONG-TERM ASSETS
Property, Plant & Equipment $7.337M $7.476M $7.600M
YoY Change -3.46% -3.67% -6.17%
Goodwill
YoY Change
Intangibles $161.0K $208.4K
YoY Change -5.76%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $7.498M $7.685M $7.800M
YoY Change -3.87% -3.73% -7.14%
TOTAL ASSETS
Total Short-Term Assets $52.94M $50.57M $50.90M
Total Long-Term Assets $7.498M $7.685M $7.800M
Total Assets $60.44M $58.26M $58.70M
YoY Change 2.96% 1.16% 6.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.620M $443.5K $800.0K
YoY Change 102.56% -18.45% -11.11%
Accrued Expenses $1.921M $2.551M $2.400M
YoY Change -19.95% -1.3% 9.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $5.868M $3.241M $3.600M
YoY Change 62.99% -1.7% 12.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $78.72K $189.1K $200.0K
YoY Change -60.64% 24.81% -33.33%
Total Long-Term Liabilities $78.72K $189.1K $200.0K
YoY Change -60.64% 24.81% -33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.868M $3.241M $3.600M
Total Long-Term Liabilities $78.72K $189.1K $200.0K
Total Liabilities $6.504M $3.997M $4.300M
YoY Change 51.25% -3.05% 4.88%
SHAREHOLDERS EQUITY
Retained Earnings $26.57M $26.63M
YoY Change 2.77%
Common Stock $47.51M $47.22M
YoY Change 0.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.15M $19.59M
YoY Change 1.55%
Treasury Stock Shares 1.633M shares 1.545M shares
Shareholders Equity $53.94M $54.26M $54.40M
YoY Change
Total Liabilities & Shareholders Equity $60.44M $58.26M $58.70M
YoY Change 2.96% 1.16% 6.92%

Cashflow Statement

Concept 2012 Q1 2011 Q3 2011 Q1
OPERATING ACTIVITIES
Net Income $290.0K $10.00K $500.0K
YoY Change -42.0% -99.2% -166.67%
Depreciation, Depletion And Amortization $126.0K $170.0K $170.0K
YoY Change -25.88% -15.0% -22.73%
Cash From Operating Activities $630.0K $410.0K $590.0K
YoY Change 6.78% -86.1% -177.63%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$60.00K -$60.00K
YoY Change -100.0% 100.0% 20.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 -$60.00K -$60.00K
YoY Change -100.0% 100.0% 20.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -220.0K -300.0K -10.00K
YoY Change 2100.0% 900.0% -66.67%
NET CHANGE
Cash From Operating Activities 630.0K 410.0K 590.0K
Cash From Investing Activities 0.000 -60.00K -60.00K
Cash From Financing Activities -220.0K -300.0K -10.00K
Net Change In Cash 410.0K 50.00K 520.0K
YoY Change -21.15% -98.27% -161.9%
FREE CASH FLOW
Cash From Operating Activities $630.0K $410.0K $590.0K
Capital Expenditures $0.00 -$60.00K -$60.00K
Free Cash Flow $630.0K $470.0K $650.0K
YoY Change -3.08% -84.23% -191.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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IncomeTaxesPaid
153327 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
11500 USD
CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42477085 USD
CY2010Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40916346 USD
dei Entity Registrant Name
EntityRegistrantName
INNOVATIVE SOLUTIONS & SUPPORT INC
dei Entity Central Index Key
EntityCentralIndexKey
0000836690
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16632773 shares

Files In Submission

Name View Source Status
0001104659-12-033238-index-headers.html Edgar Link pending
0001104659-12-033238-index.html Edgar Link pending
0001104659-12-033238.txt Edgar Link pending
0001104659-12-033238-xbrl.zip Edgar Link pending
a12-10445_110q.htm Edgar Link pending
a12-10445_1ex31d1.htm Edgar Link pending
a12-10445_1ex31d2.htm Edgar Link pending
a12-10445_1ex32d1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
issc-20120331.xml Edgar Link completed
issc-20120331.xsd Edgar Link pending
issc-20120331_cal.xml Edgar Link unprocessable
issc-20120331_def.xml Edgar Link unprocessable
issc-20120331_lab.xml Edgar Link unprocessable
issc-20120331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending