INNOVATIVE SOLUTIONS AND SUPPORT Reports Third Quarter Financial Results for FY2023
August 22, 2023
☀️Earnings Overview
At the end of June 30 2023, INNOVATIVE SOLUTIONS AND SUPPORT ($NASDAQ:ISSC) reported their financial results for the third quarter of FY2023. The company achieved a total revenue of USD 8.0 million, which was a 14.7% increase from the same period of the previous year, and net income grew by 4.4% to USD 1.4 million.
Share Price
The company’s stock opened at $8.2 and closed at $8.1, representing a decrease of 1.6% from its previous closing price of 8.2. The decrease in stock price was likely due to investors’ reaction to the company’s financial report. The company also highlighted their investment in research and development, which had yielded successful results. They had developed several new innovative solutions including a cloud-based storage system and customer support services, both of which have been embraced by the market.
The company intends to continue these investments into further research and development in order to bring more innovative solutions and support services to market in the coming quarters. The company’s innovative solutions and support services have been well-received by customers, allowing them to generate additional cash flow despite the difficult economic climate. With continued investments in research and development, the company is well positioned to continue to innovate to bring more new products and services to market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ISSC. More…
| Total Revenues | Net Income | Net Margin |
| 29.08 | 5 | 17.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ISSC. More…
| Operations | Investing | Financing |
| 0.61 | -33.27 | 20.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ISSC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 62.35 | 26.57 | 2.05 |
Key Ratios Snapshot
Some of the financial key ratios for ISSC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.1% | 35.7% | 20.6% |
| FCF Margin | ROE | ROA |
| 1.5% | 10.7% | 6.0% |
Analysis
GoodWhale has analyzed the financials of INNOVATIVE SOLUTIONS AND SUPPORT and has assigned it a Risk Rating of ‘Medium’. This is based on our assessment of the company’s financial and business aspects. On further analysis, GoodWhale has identified two risk warnings in the income sheet and balance sheet. To access this deeper level of analysis, you will need to become a registered user. More…
Peers
Its products are used in a variety of applications, including air traffic control, ground control stations, and flight control systems. ISSI also offers a range of services, including engineering, software development, and integration. ISSI’s main competitors are Ballistic Recovery Systems Inc (BRS), Northrop Grumman Corp (NGC), and AVIC Electromechanical Systems Co Ltd (AVIC). BRS is a leading provider of parachute recovery systems for aircraft. NGC is a major defense contractor that offers a range of products and services for the aerospace and defense industries. AVIC is a leading Chinese supplier of avionics systems.
– Ballistic Recovery Systems Inc ($OTCPK:BRSI)
Ballistic Recovery Systems Inc is a publicly traded company that designs, manufactures, and sells parachute recovery systems for light aircraft. The company has a market capitalization of 4.19 million as of 2022 and a return on equity of -159.06%. The company’s products are used by private pilots, flying clubs, and military forces around the world.
– Northrop Grumman Corp ($NYSE:NOC)
Northrop Grumman Corp is an American company that specializes in aerospace and defense systems. The company has a market capitalization of $75.83 billion and a return on equity of 32.83%. Northrop Grumman is one of the world’s largest defense contractors and has been involved in some of the most technologically advanced aircraft and weapons systems ever developed. The company’s products include fighter jets, bombers, drones, and missiles.
– AVIC Electromechanical Systems Co Ltd ($SZSE:002013)
AVIC Electromechanical Systems Co Ltd has a market cap of 44.56B as of 2022, a Return on Equity of 7.46%. The company is engaged in the research, development, production and sales of electromechanical products and systems. It provides products and services for the aerospace, defense, power generation, transportation and other industries.
Summary
INNOVATIVE SOLUTIONS AND SUPPORT had a successful third quarter of FY2023, with total revenue increasing 14.7% and net income growing 4.4%. This strong performance demonstrates the company’s resilience in a challenging economic climate. Investors can be encouraged by the company’s ability to generate organic growth through its existing portfolio of products and services.
Furthermore, with the company’s focus on innovation and customer support, INNOVATIVE SOLUTIONS AND SUPPORT is well-positioned to continue to deliver results in the future. Long-term investors should consider INNOVATIVE SOLUTIONS AND SUPPORT a prime opportunity for growth.
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