Innovative solutions & support inc (ISSC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Net sales:
Total net sales

4,835

4,511

-

-

4,203

3,977

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net sales

-

-

-

4,589

-

-

-

3,389

3,727

3,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product

-

-

-

-

-

-

-

-

-

-

-

-

-

3,475

6,214

6,376

8,455

5,940

2,421

4,114

3,487

4,549

6,587

7,589

8,060

7,738

5,464

6,408

6,846

4,739

4,789

4,192

5,285

4,022

6,115

5,887

6,714

6,457

7,295

Engineering development contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

348

6

128

205

643

715

804

1,798

2,174

3,330

2,986

4,434

3,367

2,572

2,369

1,368

1,797

2,138

1,941

1,474

733

375

84

31

71

518

Returns and allowances

-

-

-

-

-

-

-

-

-

-

-

-0

97

458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net sales

-

-

-

-

-

-

-

-

-

-

-

4,541

4,653

3,365

6,220

6,504

8,660

6,583

3,137

4,919

5,286

6,724

9,918

10,575

12,495

11,105

8,037

8,778

8,214

6,536

6,928

6,134

6,760

4,755

6,490

5,971

6,746

6,529

7,813

Cost of sales:
Product

-

-

-

-

-

-

-

-

-

-

-

-

-

1,740

2,650

2,490

3,061

2,908

1,499

2,300

2,376

2,241

3,446

3,924

3,880

3,798

2,989

2,848

2,602

2,160

2,417

2,145

2,783

2,043

3,240

2,779

2,873

2,897

2,890

Engineering development contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

87

-

130

-304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Engineering development contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

358

983

687

1,326

1,720

3,612

3,489

4,829

3,526

2,860

2,484

1,661

1,336

1,841

1,373

876

586

83

32

0

38

120

Total cost of sales

2,539

1,909

1,942

2,064

1,856

1,811

1,829

1,806

2,082

1,593

2,373

2,164

2,302

1,828

2,835

2,621

2,757

3,267

2,482

2,988

3,702

3,962

7,059

7,413

8,709

7,325

5,849

5,332

4,263

3,496

4,259

3,518

3,659

2,629

3,324

2,811

2,873

2,935

3,010

Gross profit

2,295

2,601

2,859

2,525

2,346

2,165

1,816

1,582

1,644

1,494

1,851

2,377

2,351

1,537

3,384

3,883

5,903

3,315

654

1,931

1,583

2,761

2,858

3,162

3,785

3,780

2,187

3,445

3,951

3,040

2,668

2,615

3,100

2,125

3,166

3,159

3,872

3,594

4,803

Operating expenses:
Research and development

712

666

522

722

648

596

592

1,028

1,031

923

1,065

1,236

1,069

1,085

1,198

1,405

1,337

931

603

799

647

654

682

647

660

626

362

559

805

850

560

416

926

790

1,181

1,408

1,556

1,353

1,274

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

1,682

-1,703

2,047

-

2,246

2,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

1,531

1,703

1,463

1,416

1,524

1,473

1,668

1,626

1,756

1,622

-

-

-

-

-

-

-

2,692

2,935

1,397

1,573

1,940

5,477

1,854

2,034

1,744

1,778

2,600

1,935

1,804

1,734

1,844

1,827

1,993

1,889

1,855

1,849

2,089

1,938

Total operating expenses

2,243

2,369

1,986

2,138

2,173

2,069

2,260

2,654

2,788

2,546

2,778

2,918

-634

3,133

2,838

3,651

3,930

3,624

3,539

2,196

2,221

2,595

6,159

2,502

2,695

2,371

2,140

3,159

2,740

2,655

2,295

2,260

2,754

2,783

3,071

3,264

3,405

3,442

3,213

Operating income

51

231

873

386

173

96

-444

-1,072

-1,143

-1,051

-926

-541

2,985

-1,595

546

232

1,973

-308

-2,884

-264

-637

166

-3,301

659

1,089

1,408

46

285

1,210

384

373

355

346

-658

94

-104

466

151

1,589

Interest income

65

78

101

99

26

21

17

15

11

9

8

7

9

9

9

9

8

7

6

6

6

5

0

5

5

10

8

8

6

17

38

20

20

21

24

26

45

47

69

Interest (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

Other income

11

17

16

24

10

21

14

16

15

21

683

15

4,140

19

6

12

26

32

1

11

9

10

15

7

8

5

8

4

13

11

6

7

8

42

0

0

0

150

-

Income before income taxes

128

327

991

511

210

139

-412

-1,040

-1,116

-1,020

-235

-517

7,136

-1,566

562

253

2,008

-269

-

-247

-622

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

-

673

1,103

1,424

63

298

1,230

413

417

383

375

-594

118

-78

511

348

1,658

Income tax (benefit) expense

-309

0

-5

0

7

0

1

0

200

-138

-49

-537

1,205

-371

165

27

429

-53

-312

3,284

-258

-410

-1,195

176

319

416

-90

-8

123

96

-2,355

123

86

-251

107

0

12

63

270

Net income

438

327

997

511

202

139

-414

-1,041

-1,316

-881

-186

19

5,930

-1,194

397

226

1,578

-215

-2,563

-3,531

-364

593

-2,089

497

784

1,008

154

307

1,107

317

2,773

259

288

-342

11

-78

499

284

-

Net income per common share:
Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,388

Basic (in dollars per share)

0.03

0.02

0.06

0.03

0.01

0.01

-0.03

-0.06

-0.08

-0.05

-0.01

0.00

0.35

-0.07

0.03

0.01

0.09

-0.01

-0.16

-0.21

-0.02

0.04

-0.13

0.03

0.05

0.06

0.00

0.02

0.07

0.02

0.16

0.02

0.02

-0.02

-0.01

0.00

0.03

0.02

0.08

Diluted (in dollars per share)

0.03

0.02

0.06

0.03

0.01

0.01

-0.03

-0.06

-0.08

-0.05

-0.01

0.00

0.35

-0.07

0.03

0.01

0.09

-0.01

-0.15

-0.21

-0.02

0.03

-0.13

0.03

0.05

0.06

0.00

0.02

0.07

0.02

0.16

0.02

0.02

-0.02

-0.01

0.00

0.03

0.02

0.08

Cash dividend per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

1.50

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding:
Basic (in shares)

16,931

16,909

16,888

16,880

16,860

16,840

16,823

16,816

16,800

16,783

16,763

16,755

16,735

16,716

16,931

16,941

16,925

16,909

16,905

16,910

16,925

16,955

16,956

16,951

16,915

16,888

16,836

16,790

16,776

16,608

16,581

16,627

16,636

16,721

16,782

16,793

16,782

16,770

16,760

Diluted (in shares)

17,123

17,081

17,074

16,978

16,875

16,840

16,823

16,816

16,800

16,783

16,989

16,870

16,847

16,716

17,169

17,059

17,018

16,909

16,820

16,910

16,925

17,040

17,171

17,177

17,152

17,094

17,051

16,981

16,781

16,608

16,581

16,627

16,636

16,721

16,856

16,793

16,838

16,810

16,799

Product
Total net sales

4,645

4,458

-

-

3,706

3,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net sales

-

-

-

4,458

-

-

-

3,201

3,685

3,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of sales

2,464

1,844

1,737

2,009

1,567

1,723

1,740

1,714

2,072

1,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Engineering development contracts
Total net sales

189

52

-

-

496

202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net sales

-

-

-

131

-

-

-

188

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of sales

75

65

204

54

289

88

-

92

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-