$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc

$issc Overview Financials Valuation SEC Filings Company Website

2013 Q4 Form 10-Q Financial Statement

#000110465914008457 Filed on February 11, 2014

Income Statement

Concept	2013 Q4	2013 Q3	2012 Q4
Revenue	$11.11M	$8.037M	$6.537M
YoY Change	69.9%	16.01%	37.46%
Cost Of Revenue	$7.325M	$5.850M	$3.496M
YoY Change	109.51%	37.33%	32.95%
Gross Profit	$3.780M	$2.187M	$3.040M
YoY Change	24.35%	-18.02%	43.03%
Gross Profit Margin	34.04%	27.22%	46.51%
Selling, General & Admin	$1.745M	$1.780M	$1.805M
YoY Change	-3.32%	2.89%	-9.47%
% of Gross Profit	46.16%	81.37%	59.36%
Research & Development	$626.9K	$360.0K	$850.9K
YoY Change	-26.32%	-35.71%	7.67%
% of Gross Profit	16.58%	16.46%	27.99%
Depreciation & Amortization	$129.5K	$180.0K	$119.2K
YoY Change	8.66%	50.0%	-28.67%
% of Gross Profit	3.43%	8.23%	3.92%
Operating Expenses	$2.372M	$2.140M	$2.656M
YoY Change	-10.69%	-6.96%	-4.6%
Operating Profit	$1.409M	$46.54K	$384.6K
YoY Change	266.27%	-87.52%	-158.43%
Interest Expense	$10.00K	$10.00K	$20.00K
YoY Change	-50.0%	-75.0%	8338.82%
% of Operating Profit	0.71%	21.49%	5.2%
Other Income/Expense, Net	$5.666K	$10.00K	$11.55K
YoY Change	-50.92%	0.0%	-72.56%
Pretax Income	$1.425M	$60.00K	$413.7K
YoY Change	244.39%	-85.71%	-169.58%
Income Tax	$416.2K	-$90.00K	$96.12K
% Of Pretax Income	29.21%	-150.0%	23.23%
Net Earnings	$1.010M	$150.0K	$320.0K
YoY Change	215.63%	-94.58%	-194.12%
Net Earnings / Revenue	9.09%	1.87%	4.9%
Basic Earnings Per Share	$0.06	$0.01	$0.02
Diluted Earnings Per Share	$0.06	$0.01	$0.02
COMMON SHARES
Basic Shares Outstanding	16.89M shares	16.80M shares	16.61M shares
Diluted Shares Outstanding	17.09M shares		16.61M shares

Balance Sheet

Concept	2013 Q4	2013 Q3	2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$15.80M	$16.40M	$17.00M
YoY Change	-7.06%	-61.86%	-60.28%
Cash & Equivalents	$15.83M	$16.39M	$17.03M
Short-Term Investments
Other Short-Term Assets	$326.5K	$291.3K	$428.9K
YoY Change	-23.86%	12.09%	-57.11%
Inventory	$4.976M	$4.378M	$3.468M
Prepaid Expenses
Receivables	$4.760M	$4.489M	$4.239M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$35.69M	$34.44M	$30.09M
YoY Change	18.61%	-36.67%	-40.89%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.528M	$7.320M	$7.152M
YoY Change	5.26%	1.47%	-4.17%
Goodwill
YoY Change
Intangibles	$105.2K	$105.2K	$145.4K
YoY Change	-27.65%	-33.67%	-12.62%
Long-Term Investments
YoY Change
Other Assets	$232.0K	$221.5K	$800.0K
YoY Change	-71.0%	39.68%
Total Long-Term Assets	$7.784M	$8.193M	$7.995M
YoY Change	-2.64%	-0.33%	4.79%
TOTAL ASSETS
Total Short-Term Assets	$35.69M	$34.44M	$30.09M
Total Long-Term Assets	$7.784M	$8.193M	$7.995M
Total Assets	$43.47M	$42.63M	$38.08M
YoY Change	14.15%	-31.9%	-34.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.289M	$2.372M	$779.3K
YoY Change	193.73%	108.18%	-24.12%
Accrued Expenses	$3.703M	$3.673M	$2.609M
YoY Change	41.93%	34.84%	16.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.238M	$6.493M	$4.550M
YoY Change	37.1%	22.74%	8.5%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$11.58K	$11.49K	$77.38K
YoY Change	-85.04%	-88.27%	13.78%
Total Long-Term Liabilities	$11.58K	$11.49K	$77.38K
YoY Change	-85.04%	-88.27%	13.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.238M	$6.493M	$4.550M
Total Long-Term Liabilities	$11.58K	$11.49K	$77.38K
Total Liabilities	$6.382M	$6.636M	$4.756M
YoY Change	34.17%	20.29%	-1.44%
SHAREHOLDERS EQUITY
Retained Earnings	$7.493M	$6.485M	$4.915M
YoY Change	52.45%	-78.1%	-81.3%
Common Stock	$49.99M	$49.90M	$48.80M
YoY Change	2.43%	4.25%	3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$20.39M	$20.39M	$20.39M
YoY Change	0.0%	0.0%	2.26%
Treasury Stock Shares	1.757M shares	1.757M shares	1.757M shares
Shareholders Equity	$37.09M	$35.99M	$33.33M
YoY Change
Total Liabilities & Shareholders Equity	$43.47M	$42.63M	$38.08M
YoY Change	14.15%	-31.9%	-34.94%

Cashflow Statement

Concept	2013 Q4	2013 Q3	2012 Q4
OPERATING ACTIVITIES
Net Income	$1.010M	$150.0K	$320.0K
YoY Change	215.63%	-94.58%	-194.12%
Depreciation, Depletion And Amortization	$129.5K	$180.0K	$119.2K
YoY Change	8.66%	50.0%	-28.67%
Cash From Operating Activities	-$220.0K	-$560.0K	-$1.660M
YoY Change	-86.75%	-141.79%	-367.74%
INVESTING ACTIVITIES
Capital Expenditures	$336.6K	-$50.00K	$43.23K
YoY Change	678.54%	-16.67%	-61.37%
Acquisitions
YoY Change
Other Investing Activities		$20.00K
YoY Change
Cash From Investing Activities	-$340.0K	-$40.00K	-$40.00K
YoY Change	750.0%	-33.33%	-63.64%
FINANCING ACTIVITIES
Cash Dividend Paid			$25.01M
YoY Change
Common Stock Issuance & Retirement, Net			$695.00
YoY Change			-99.8%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	0.000	380.0K	-24.25M
YoY Change	-100.0%	-445.45%	6828.57%
NET CHANGE
Cash From Operating Activities	-220.0K	-560.0K	-1.660M
Cash From Investing Activities	-340.0K	-40.00K	-40.00K
Cash From Financing Activities	0.000	380.0K	-24.25M
Net Change In Cash	-560.0K	-220.0K	-25.95M
YoY Change	-97.84%	-118.8%	-16318.75%
FREE CASH FLOW
Cash From Operating Activities	-$220.0K	-$560.0K	-$1.660M
Capital Expenditures	$336.6K	-$50.00K	$43.23K
Free Cash Flow	-$556.6K	-$510.0K	-$1.703M
YoY Change	-67.32%	-136.43%	-435.21%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q4	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-size:10.0pt;font-family:Times New Roman;"> <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="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in;"> </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, long term contracts allowance for doubtful accounts, inventory obsolescence, product warranty cost liability, income taxes, engineering and material costs on Engineering Development Contracts (“EDC”) programs, percentage of completion on EDC, recoverability of long-lived assets, stock-based compensation expense, and contingencies. Actual results could differ materially from those estimates.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> </div>
CY2013Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16888086	shares
CY2013Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	USD
CY2012Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	119159	USD
CY2013Q4	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	184224	USD
CY2012Q4	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	133691	USD
CY2012Q4	issc	Nonvested Stock Awards Share Based Compensation Expense NonvestedStockAwardsShareBasedCompensationExpense	50018	USD
CY2013Q4	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2012Q4	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2013Q4	issc	Revenue Recognition Minimum Number Of Deliverable For Allocating Revenue To Each Deliverable RevenueRecognitionMinimumNumberOfDeliverableForAllocatingRevenueToEachDeliverable	1	item
CY2013Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	7314710	USD
CY2013Q3	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	6539442	USD
CY2013Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3624157	USD
CY2013Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1123403	USD
CY2013Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	227981	USD
CY2013Q4	us-gaap	Inventory Net InventoryNet	4975541	USD
CY2013Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3126592	USD
CY2013Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	857602	USD
CY2013Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	393319	USD
CY2013Q3	us-gaap	Inventory Net InventoryNet	4377513	USD
CY2013Q4	us-gaap	Prepaid Insurance PrepaidInsurance	186743	USD
CY2013Q3	us-gaap	Prepaid Insurance PrepaidInsurance	350913	USD
CY2013Q4	us-gaap	Other Assets Current OtherAssetsCurrent	326531	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	513274	USD
CY2013Q3	us-gaap	Other Assets Current OtherAssetsCurrent	291297	USD
CY2013Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	642210	USD
CY2013Q4	us-gaap	Depreciation Depreciation	129000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	17987311	USD
CY2013Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	17694990	USD
CY2013Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	10459727	USD
CY2013Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	10374495	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7527584	USD
CY2013Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7320495	USD
CY2012Q4	us-gaap	Depreciation Depreciation	106000	USD
CY2013Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	105200	USD
CY2013Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	105200	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	495037	USD
CY2013Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	495037	USD
CY2013Q4	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	USD
CY2012Q4	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	USD
CY2012Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	13000	USD
CY2013Q3	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	116333	USD
CY2013Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	221533	USD
CY2013Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	126781	USD
CY2013Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	231981	USD
CY2013Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	701456	USD
CY2013Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	679325	USD
CY2013Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	393570	USD
CY2013Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	337993	USD
CY2013Q3	us-gaap	Litigation Reserve Current LitigationReserveCurrent	656865	USD
CY2013Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	343272	USD
CY2013Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3672909	USD
CY2013Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	416161	USD
CY2013Q4	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-222196	USD
CY2012Q4	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1660929	USD
CY2013Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	756544	USD
CY2013Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	459288	USD
CY2013Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	357633	USD
CY2012Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16608513	shares
CY2013Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
CY2013Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2012Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2013Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	243633	USD
CY2013Q4	us-gaap	Litigation Reserve Current LitigationReserveCurrent	481060	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	251277	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3703053	USD
CY2013Q4	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	116260	USD
CY2013Q4	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	61172	USD
CY2013Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.29	pure
CY2012Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.23	pure
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000	shares
CY2013Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2013Q4	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	234000	USD
CY2012Q4	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	184000	USD
CY2013Q4	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-147000	USD
CY2012Q4	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	-10000	USD
CY2013Q4	issc	Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans	3	item
CY2013Q4	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	250000	shares
CY2013Q2	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	250000	shares
CY2012Q4	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	3.96
CY2012Q4	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	175	shares
CY2012Q4	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	696	USD
CY2013Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1008596	USD
CY2012Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	317589	USD
CY2013Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	206260	shares
CY2013Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17094346	shares
CY2012Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16608507	shares
CY2012Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	6	shares
CY2012Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2013Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	779834	shares
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	651600	shares
CY2013Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	84598	shares
CY2012Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	800645	shares
CY2012Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	11545	USD
CY2013Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1424757	USD
CY2012Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	413708	USD
CY2012Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	96119	USD
CY2013Q4	dei	Entity Registrant Name EntityRegistrantName	INNOVATIVE SOLUTIONS & SUPPORT INC
CY2013Q4	dei	Entity Central Index Key EntityCentralIndexKey	0000836690
CY2013Q4	dei	Document Type DocumentType	10-Q
CY2013Q4	dei	Document Period End Date DocumentPeriodEndDate	2013-12-31
CY2013Q4	dei	Amendment Flag AmendmentFlag	false
CY2013Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2013Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2013Q4	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16894531	shares
CY2013Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2013Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2013Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4489434	USD
CY2013Q3	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	2002679	USD
CY2013Q3	us-gaap	Assets Current AssetsCurrent	34437485	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4759853	USD
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	2297334	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	35688151	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15827439	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16386207	USD
CY2013Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	24447	USD
CY2013Q4	us-gaap	Assets Assets	43472163	USD
CY2013Q3	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	650998	USD
CY2013Q3	us-gaap	Assets Assets	42630511	USD
CY2013Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	245727	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	6237751	USD
CY2013Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	447525	USD
CY2013Q3	us-gaap	Liabilities Current LiabilitiesCurrent	6492571	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2288971	USD
CY2013Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	2372137	USD
CY2013Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	132401	USD
CY2013Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11579	USD
CY2013Q4	us-gaap	Liabilities Liabilities	6381731	USD
CY2013Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	132202	USD
CY2013Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11491	USD
CY2013Q3	us-gaap	Liabilities Liabilities	6636264	USD
CY2013Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q3	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2013Q4	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	18645	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	49968147	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7493230	USD
CY2013Q4	us-gaap	Treasury Stock Value TreasuryStockValue	20389590	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	37090432	USD
CY2013Q3	us-gaap	Common Stock Value CommonStockValue	18632	USD
CY2013Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	49880571	USD
CY2013Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	6484634	USD
CY2013Q3	us-gaap	Treasury Stock Value TreasuryStockValue	20389590	USD
CY2013Q3	us-gaap	Stockholders Equity StockholdersEquity	35994247	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	43472163	USD
CY2013Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	42630511	USD
CY2013Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2013Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2012Q4	us-gaap	Cost Of Goods Sold CostOfGoodsSold	2160448	USD
CY2013Q4	us-gaap	Technology Services Costs TechnologyServicesCosts	3526518	USD
CY2013Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	18644893	shares
CY2013Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	1756807	shares
CY2013Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	18632328	shares
CY2013Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1756807	shares
CY2013Q4	us-gaap	Technology Services Revenue TechnologyServicesRevenue	3367197	USD
CY2012Q4	us-gaap	Technology Services Revenue TechnologyServicesRevenue	1797286	USD
CY2013Q4	us-gaap	Sales Revenue Net SalesRevenueNet	11105811	USD
CY2012Q4	us-gaap	Sales Revenue Net SalesRevenueNet	6536734	USD
CY2013Q4	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	7738614	USD
CY2012Q4	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	4739448	USD
CY2013Q4	us-gaap	Cost Of Goods Sold CostOfGoodsSold	3798857	USD
CY2012Q4	us-gaap	Technology Services Costs TechnologyServicesCosts	1336034	USD
CY2013Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	7325375	USD
CY2012Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3496482	USD
CY2013Q4	us-gaap	Gross Profit GrossProfit	3780436	USD
CY2012Q4	us-gaap	Gross Profit GrossProfit	3040252	USD
CY2013Q4	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	626921	USD
CY2012Q4	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	850852	USD
CY2013Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1744891	USD
CY2012Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1804809	USD
CY2013Q4	us-gaap	Operating Expenses OperatingExpenses	2371812	USD
CY2012Q4	us-gaap	Operating Expenses OperatingExpenses	2655661	USD
CY2013Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	1408624	USD
CY2012Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	384591	USD
CY2013Q4	us-gaap	Investment Income Interest InvestmentIncomeInterest	10467	USD
CY2012Q4	us-gaap	Investment Income Interest InvestmentIncomeInterest	17572	USD
CY2013Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5666	USD
CY2012Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.50
CY2013Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	129484	USD
CY2013Q4	issc	Nonvested Stock Awards Share Based Compensation Expense NonvestedStockAwardsShareBasedCompensationExpense	50029	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42977501	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17027886	USD
CY2013Q4	us-gaap	Inventory Write Down InventoryWriteDown	25000	USD
CY2013Q4	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	332096	USD
CY2012Q4	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	53869	USD
CY2013Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	270419	USD
CY2012Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	260114	USD
CY2013Q4	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	775268	USD
CY2012Q4	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	1412335	USD
CY2013Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	623028	USD
CY2012Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-333853	USD
CY2013Q4	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-128936	USD
CY2012Q4	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	225749	USD
CY2013Q4	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	10448	USD
CY2013Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-83166	USD
CY2012Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-360176	USD
CY2013Q4	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	124502	USD
CY2013Q4	us-gaap	Income Taxes Paid IncomeTaxesPaid	325000	USD
CY2012Q4	us-gaap	Income Taxes Paid IncomeTaxesPaid	130000	USD
CY2012Q4	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-57963	USD
CY2013Q4	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-94272	USD
CY2012Q4	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-77447	USD
CY2013Q4	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-201798	USD
CY2012Q4	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-265020	USD
CY2013Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	336572	USD
CY2012Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	43231	USD
CY2012Q4	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	695	USD
CY2012Q4	us-gaap	Payments Of Dividends PaymentsOfDividends	25007519	USD
CY2013Q4	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-336572	USD
CY2012Q4	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-43231	USD
CY2012Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	762759	USD
CY2012Q4	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-24245455	USD
CY2012Q4	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-25949615	USD
CY2013Q4	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-558768	USD
CY2013Q4	issc	Nonvested Stock Awards Share Based Compensation Tax Benefit NonvestedStockAwardsShareBasedCompensationTaxBenefit	-146664	USD
CY2012Q4	issc	Nonvested Stock Awards Share Based Compensation Tax Benefit NonvestedStockAwardsShareBasedCompensationTaxBenefit	-10304	USD
CY2013Q4	issc	Percentage Of Employees Who Were Engineers Engaged In Engineering Development Projects PercentageOfEmployeesWhoWereEngineersEngagedInEngineeringDevelopmentProjects	0.40	pure
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2013Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2013Q4	issc	Engineering Development Contracts Program Costs Current EngineeringDevelopmentContractsProgramCostsCurrent	1153618	USD
CY2013Q3	issc	Engineering Development Contracts Program Costs Current EngineeringDevelopmentContractsProgramCostsCurrent	560428	USD
CY2013Q4	issc	Number Of Banks NumberOfBanks	2	item

Files In Submission

Name	View Source	Status
0001104659-14-008457-index-headers.html	Edgar Link	pending
0001104659-14-008457-index.html	Edgar Link	pending
0001104659-14-008457.txt	Edgar Link	pending
0001104659-14-008457-xbrl.zip	Edgar Link	pending
a14-3977_110q.htm	Edgar Link	pending
a14-3977_1ex31d1.htm	Edgar Link	pending
a14-3977_1ex31d2.htm	Edgar Link	pending
a14-3977_1ex32d1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
issc-20131231.xml	Edgar Link	completed
issc-20131231.xsd	Edgar Link	pending
issc-20131231_cal.xml	Edgar Link	unprocessable
issc-20131231_def.xml	Edgar Link	unprocessable
issc-20131231_lab.xml	Edgar Link	unprocessable
issc-20131231_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.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

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc

2013 Q4 Form 10-Q Financial Statement

#000110465914008457 Filed on February 11, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ISSC INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc

2013 Q4 Form 10-Q Financial Statement

#000110465914008457 Filed on February 11, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ISSC
INNOVATIVE SOLUTIONS & SUPPORT INC Stock $issc