$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc

$issc Overview Financials Valuation SEC Filings Company Website

2013 Q3 Form 10-Q Financial Statement

#000110465913061723 Filed on August 08, 2013

Income Statement

Concept	2013 Q3	2013 Q2	2012 Q3
Revenue	$8.037M	$8.778M	$6.928M
YoY Change	16.01%	43.1%	6.74%
Cost Of Revenue	$5.850M	$5.333M	$4.260M
YoY Change	37.33%	51.55%	28.14%
Gross Profit	$2.187M	$3.445M	$2.668M
YoY Change	-18.02%	31.73%	-15.72%
Gross Profit Margin	27.22%	39.25%	38.51%
Selling, General & Admin	$1.780M	$2.601M	$1.730M
YoY Change	2.89%	41.01%	-8.47%
% of Gross Profit	81.37%	75.48%	64.83%
Research & Development	$360.0K	$559.3K	$560.0K
YoY Change	-35.71%	34.38%	-52.54%
% of Gross Profit	16.46%	16.23%	20.99%
Depreciation & Amortization	$180.0K	$113.0K	$120.0K
YoY Change	50.0%	1.8%	-29.41%
% of Gross Profit	8.23%	3.28%	4.5%
Operating Expenses	$2.140M	$3.160M	$2.300M
YoY Change	-6.96%	39.79%	-25.32%
Operating Profit	$46.54K	$285.5K	$373.0K
YoY Change	-87.52%	-19.61%	292.82%
Interest Expense	$10.00K	$10.00K	$40.00K
YoY Change	-75.0%	8233.33%	100.0%
% of Operating Profit	21.49%	3.5%	10.72%
Other Income/Expense, Net	$10.00K	$4.924K	$10.00K
YoY Change	0.0%	-37.5%
Pretax Income	$60.00K	$299.0K	$420.0K
YoY Change	-85.71%	-22.04%	250.0%
Income Tax	-$90.00K	-$8.520K	-$2.360M
% Of Pretax Income	-150.0%	-2.85%	-561.9%
Net Earnings	$150.0K	$310.0K	$2.770M
YoY Change	-94.58%	19.23%	27600.0%
Net Earnings / Revenue	1.87%	3.53%	39.98%
Basic Earnings Per Share	$0.01	$0.02	$0.17
Diluted Earnings Per Share	$0.01	$0.02	$0.17
COMMON SHARES
Basic Shares Outstanding	16.80M shares	16.79M shares
Diluted Shares Outstanding		16.98M shares

Balance Sheet

Concept	2013 Q3	2013 Q2	2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$16.40M	$16.60M	$43.00M
YoY Change	-61.86%	-60.29%	0.94%
Cash & Equivalents	$16.39M	$16.61M	$42.98M
Short-Term Investments
Other Short-Term Assets	$291.3K	$214.9K	$259.9K
YoY Change	12.09%	-80.46%	9.73%
Inventory	$4.378M	$4.039M	$3.802M
Prepaid Expenses
Receivables	$4.489M	$5.097M	$3.979M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$34.44M	$33.39M	$54.38M
YoY Change	-36.67%	-34.79%	7.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.320M	$7.435M	$7.214M
YoY Change	1.47%	1.85%	-3.5%
Goodwill
YoY Change
Intangibles	$105.2K	$122.6K	$158.6K
YoY Change	-33.67%		-23.9%
Long-Term Investments
YoY Change
Other Assets	$221.5K	$700.0K	$158.6K
YoY Change	39.68%
Total Long-Term Assets	$8.193M	$8.225M	$8.220M
YoY Change	-0.33%	11.15%	6.96%
TOTAL ASSETS
Total Short-Term Assets	$34.44M	$33.39M	$54.38M
Total Long-Term Assets	$8.193M	$8.225M	$8.220M
Total Assets	$42.63M	$41.61M	$62.60M
YoY Change	-31.9%	-28.99%	7.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.372M	$2.017M	$1.139M
YoY Change	108.18%	404.34%	156.92%
Accrued Expenses	$3.673M	$3.681M	$2.724M
YoY Change	34.84%	75.31%	6.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00
YoY Change
Total Short-Term Liabilities	$6.493M	$6.098M	$5.290M
YoY Change	22.74%	64.81%	63.23%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$11.49K	$139.8K	$98.00K
YoY Change	-88.27%	39.77%	-48.18%
Total Long-Term Liabilities	$11.49K	$139.8K	$98.00K
YoY Change	-88.27%	39.77%	-48.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.493M	$6.098M	$5.290M
Total Long-Term Liabilities	$11.49K	$139.8K	$98.00K
Total Liabilities	$6.636M	$6.369M	$5.517M
YoY Change	20.29%	44.75%	38.03%
SHAREHOLDERS EQUITY
Retained Earnings	$6.485M	$6.330M	$29.61M
YoY Change	-78.1%		11.19%
Common Stock	$49.90M	$49.30M	$47.86M
YoY Change	4.25%		1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$20.39M	$20.39M	$20.39M
YoY Change	0.0%		4.08%
Treasury Stock Shares	1.757M shares	1.757M shares	1.757M shares
Shareholders Equity	$35.99M	$35.24M	$57.08M
YoY Change
Total Liabilities & Shareholders Equity	$42.63M	$41.61M	$62.60M
YoY Change	-31.9%	-28.99%	7.45%

Cashflow Statement

Concept	2013 Q3	2013 Q2	2012 Q3
OPERATING ACTIVITIES
Net Income	$150.0K	$310.0K	$2.770M
YoY Change	-94.58%	19.23%	27600.0%
Depreciation, Depletion And Amortization	$180.0K	$113.0K	$120.0K
YoY Change	50.0%	1.8%	-29.41%
Cash From Operating Activities	-$560.0K	$670.0K	$1.340M
YoY Change	-141.79%	-155.37%	226.83%
INVESTING ACTIVITIES
Capital Expenditures	-$50.00K	-$410.0K	-$60.00K
YoY Change	-16.67%	720.0%	0.0%
Acquisitions
YoY Change
Other Investing Activities	$20.00K	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$40.00K	-$400.0K	-$60.00K
YoY Change	-33.33%	700.0%	0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	380.0K	10.00K	-110.0K
YoY Change	-445.45%	-107.69%	-63.33%
NET CHANGE
Cash From Operating Activities	-560.0K	670.0K	1.340M
Cash From Investing Activities	-40.00K	-400.0K	-60.00K
Cash From Financing Activities	380.0K	10.00K	-110.0K
Net Change In Cash	-220.0K	280.0K	1.170M
YoY Change	-118.8%	-120.14%	2240.0%
FREE CASH FLOW
Cash From Operating Activities	-$560.0K	$670.0K	$1.340M
Capital Expenditures	-$50.00K	-$410.0K	-$60.00K
Free Cash Flow	-$510.0K	$1.080M	$1.400M
YoY Change	-136.43%	-193.1%	197.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	555495	USD
CY2012Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	493219	USD
CY2012Q3	us-gaap	Inventory Net InventoryNet	3801547	USD
CY2012Q3	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	1595436	USD
CY2012Q3	us-gaap	Prepaid Insurance PrepaidInsurance	176340	USD
CY2012Q3	us-gaap	Other Assets Current OtherAssetsCurrent	259868	USD
CY2012Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2031644	USD
CY2013Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	2730869	USD
CY2013Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1153838	USD
CY2013Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	154171	USD
CY2013Q2	us-gaap	Inventory Net InventoryNet	4038878	USD
CY2013Q2	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	5188095	USD
CY2013Q2	us-gaap	Prepaid Insurance PrepaidInsurance	157704	USD
CY2013Q2	us-gaap	Other Assets Current OtherAssetsCurrent	214921	USD
CY2013Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	5560720	USD
CY2012Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	17255166	USD
CY2012Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	10040788	USD
CY2012Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7214378	USD
CY2013Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	17677458	USD
CY2013Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	10242432	USD
CY2013Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7435026	USD
CY2013Q2	us-gaap	Depreciation Depreciation	113000	USD
CY2012Q2	us-gaap	Depreciation Depreciation	111000	USD
	us-gaap	Depreciation Depreciation	330000	USD
	us-gaap	Depreciation Depreciation	362000	USD
CY2012Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	158600	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	441637	USD
CY2013Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	122600	USD
CY2013Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	477637	USD
CY2013Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7000	USD
CY2012Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	36000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	item
	issc	Percentage Of Employees Who Were Engineers Engaged In Engineering Development Projects PercentageOfEmployeesWhoWereEngineersEngagedInEngineeringDevelopmentProjects	0.47	pure
	issc	Revenue Recognition Minimum Number Of Deliverable For Allocating Revenue To Each Deliverable RevenueRecognitionMinimumNumberOfDeliverableForAllocatingRevenueToEachDeliverable	1	item
CY2013Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	175000	USD
CY2012Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	175000	USD
CY2012Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	2752833	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	48000	USD
CY2012Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	850499	USD
CY2012Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	531862	USD
CY2012Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	330858	USD
CY2012Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	132980	USD
CY2012Q3	issc	Materials On Order Current MaterialsOnOrderCurrent	43374	USD
CY2012Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	834239	USD
CY2012Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2723812	USD
CY2013Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	689173	USD
CY2013Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	491787	USD
CY2013Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	413711	USD
CY2013Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	399870	USD
CY2013Q2	issc	Materials On Order Current MaterialsOnOrderCurrent	26583	USD
CY2012Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1660358	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16607850	USD
CY2013Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5096952	USD
CY2013Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2017351	USD
CY2013Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	399075	USD
CY2013Q2	us-gaap	Liabilities Current LiabilitiesCurrent	6097908	USD
CY2013Q2	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2012Q3	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2013Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3681482	USD
CY2013Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	-17485	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	-42302	USD
CY2013Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	38064	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	119024	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	2013-06-30
	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	Smaller Reporting Company
CY2013Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16804022	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
CY2013Q2	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	2081633	USD
CY2013Q2	us-gaap	Assets Current AssetsCurrent	33386033	USD
CY2013Q2	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	667205	USD
CY2013Q2	us-gaap	Assets Assets	41610864	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42977501	USD
CY2012Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3978512	USD
CY2012Q3	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	1588162	USD
CY2012Q3	us-gaap	Assets Current AssetsCurrent	54377366	USD
CY2012Q3	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	846887	USD
CY2012Q3	us-gaap	Assets Assets	62597231	USD
CY2013Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	131334	USD
CY2013Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	139773	USD
CY2013Q2	us-gaap	Liabilities Liabilities	6369015	USD
CY2012Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	1139464	USD
CY2012Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1426552	USD
CY2012Q3	us-gaap	Liabilities Current LiabilitiesCurrent	5289828	USD
CY2012Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	128998	USD
CY2012Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	98002	USD
CY2012Q3	us-gaap	Liabilities Liabilities	5516828	USD
CY2013Q2	us-gaap	Common Stock Value CommonStockValue	18548	USD
CY2013Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	49282989	USD
CY2013Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	6329903	USD
CY2013Q2	us-gaap	Treasury Stock Value TreasuryStockValue	20389591	USD
CY2013Q2	us-gaap	Stockholders Equity StockholdersEquity	35241849	USD
CY2013Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	41610864	USD
CY2012Q3	us-gaap	Common Stock Value CommonStockValue	18329	USD
CY2012Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	47845732	USD
CY2012Q3	us-gaap	Stockholders Equity StockholdersEquity	57080403	USD
CY2012Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	62597231	USD
CY2013Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2132812	USD
CY2013Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	2848306	USD
CY2012Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2012Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
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CY2013Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
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CY2013Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	1756807	shares
CY2013Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	6408931	USD
CY2013Q2	us-gaap	Technology Services Revenue TechnologyServicesRevenue	2369323	USD
CY2013Q2	us-gaap	Sales Revenue Net SalesRevenueNet	8778254	USD
CY2013Q2	us-gaap	Technology Services Costs TechnologyServicesCosts	2484492	USD
	us-gaap	Technology Services Costs TechnologyServicesCosts	5481559	USD
	us-gaap	Technology Services Costs TechnologyServicesCosts	2836180	USD
CY2013Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	5332798	USD
CY2012Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3518867	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	13092862	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	9808232	USD
CY2013Q2	us-gaap	Gross Profit GrossProfit	3445456	USD
CY2012Q2	us-gaap	Gross Profit GrossProfit	2615625	USD
	us-gaap	Gross Profit GrossProfit	10437101	USD
	us-gaap	Gross Profit GrossProfit	7841940	USD
CY2013Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	559297	USD
CY2012Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	416210	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2215276	USD
CY2013Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2600659	USD
CY2012Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1844253	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6340900	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5665622	USD
CY2013Q2	us-gaap	Operating Expenses OperatingExpenses	3159956	USD
CY2012Q2	us-gaap	Operating Expenses OperatingExpenses	2260463	USD
	us-gaap	Operating Expenses OperatingExpenses	7798434	USD
CY2013Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	285500	USD
CY2012Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	355162	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1880925	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	43506	USD
CY2013Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	8529	USD
CY2012Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	20557	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	32282	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	62492	USD
CY2012Q2	us-gaap	Interest Expense InterestExpense	120	USD
	us-gaap	Interest Expense InterestExpense	537	USD
CY2013Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	4924	USD
CY2012Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7879	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	29730	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	58516	USD
CY2013Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	298953	USD
CY2012Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	383478	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1942937	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	163977	USD
CY2013Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-8520	USD
CY2012Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	123507	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	210751	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-41888	USD
CY2013Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	307473	USD
CY2012Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	259971	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1732186	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	205865	USD
CY2013Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.10
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
CY2013Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
CY2012Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
CY2013Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16790484	shares
CY2012Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16627541	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16725305	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16661920	shares
CY2013Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16981285	shares
CY2012Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16627541	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16790518	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16661927	shares
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	16521	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	2265	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1118440	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-424095	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	285781	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	574084	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	3529075	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1310567	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	877887	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-58679	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	690780	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-193669	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	311453	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-503	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-1027476	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	1022097	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	555694	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	158519	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-551194	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-158519	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	696	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	691131	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	25007519	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	775405	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	9803	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-24232810	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-700934	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-26369651	USD
	us-gaap	Interest Paid InterestPaid	538	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	230000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	153327	USD
CY2011Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42625854	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	41807160	USD
CY2013Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.03	pure
CY2012Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.32	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.11	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.26	pure
CY2013Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	235000	USD
CY2012Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	175000	USD
CY2013Q2	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-4000	USD
CY2012Q2	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-1000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	679000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	465000	USD
	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-17000	USD
	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-2000	USD
	issc	Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans	3	item
CY2013Q2	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2013Q2	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	0.00
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	175	shares
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	3.96
CY2013Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	0	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	696	USD
CY2013Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	808000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	278000	shares
CY2012Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	issc	Right To Avoid Payments Before Filing Of Bankruptcy Petition Period RightToAvoidPaymentsBeforeFilingOfBankruptcyPetitionPeriod	P90D
CY2012Q2	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	39400	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	180501	shares
CY2012Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	130817	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	687503	USD
CY2012Q2	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	3.32
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	3.81
CY2013Q2	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	250000	shares
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
	issc	Expected Loss Relating To Product Designing And Service Contract ExpectedLossRelatingToProductDesigningAndServiceContract	0	USD
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	USD
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	USD
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.50
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used in accounting for, among other items, the allowance for doubtful accounts, inventory obsolescence, product warranty cost liability, income taxes, and contingencies. Actual results could differ materially from those estimates.</font></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in;"> </p> </div>
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-627	USD
	us-gaap	Inventory Write Down InventoryWriteDown	48450	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	4500	USD
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	4096	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	658000	shares

Files In Submission

Name	View Source	Status
0001104659-13-061723-index-headers.html	Edgar Link	pending
0001104659-13-061723-index.html	Edgar Link	pending
0001104659-13-061723.txt	Edgar Link	pending
0001104659-13-061723-xbrl.zip	Edgar Link	pending
a13-13593_110q.htm	Edgar Link	pending
a13-13593_1ex31d1.htm	Edgar Link	pending
a13-13593_1ex31d2.htm	Edgar Link	pending
a13-13593_1ex32d1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
issc-20130630.xml	Edgar Link	completed
issc-20130630.xsd	Edgar Link	pending
issc-20130630_cal.xml	Edgar Link	unprocessable
issc-20130630_def.xml	Edgar Link	unprocessable
issc-20130630_lab.xml	Edgar Link	unprocessable
issc-20130630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R1.xml	Edgar Link	unprocessable
R10.htm	Edgar Link	pending
R10.xml	Edgar Link	unprocessable
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R11.xml	Edgar Link	unprocessable
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R12.xml	Edgar Link	unprocessable
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R13.xml	Edgar Link	unprocessable
R14.htm	Edgar Link	pending
R14.xml	Edgar Link	unprocessable
R15.htm	Edgar Link	pending
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R16.htm	Edgar Link	pending
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R17.htm	Edgar Link	pending
R17.xml	Edgar Link	unprocessable
R18.htm	Edgar Link	pending
R18.xml	Edgar Link	unprocessable
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R2.htm	Edgar Link	pending
R2.xml	Edgar Link	unprocessable
R20.htm	Edgar Link	pending
R20.xml	Edgar Link	unprocessable
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R21.xml	Edgar Link	unprocessable
R22.htm	Edgar Link	pending
R22.xml	Edgar Link	unprocessable
R23.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
R25.xml	Edgar Link	unprocessable
R3.htm	Edgar Link	pending
R3.xml	Edgar Link	unprocessable
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R5.htm	Edgar Link	pending
R5.xml	Edgar Link	unprocessable
R6.htm	Edgar Link	pending
R6.xml	Edgar Link	unprocessable
R7.htm	Edgar Link	pending
R7.xml	Edgar Link	unprocessable
R8.htm	Edgar Link	pending
R8.xml	Edgar Link	unprocessable
R9.htm	Edgar Link	pending
R9.xml	Edgar Link	unprocessable
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc

2013 Q3 Form 10-Q Financial Statement

#000110465913061723 Filed on August 08, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ISSC INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc

2013 Q3 Form 10-Q Financial Statement

#000110465913061723 Filed on August 08, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc