Innovative Solutions & Support (ISSC) Reports Q2 EPS of $0.08

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Go back to Innovative Solutions & Support (ISSC) Reports Q2 EPS of $0.08

Innovative Solutions & Support, Inc. Announces Significant Increase in Second Quarter Fiscal 2022 Revenues and Earnings

May 11, 2022 4:30 PM EDT

EXTON, Pa.--(BUSINESS WIRE)-- Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the second quarter and first six months of fiscal year 2022, which ended March 31, 2022.

For the second quarter of fiscal 2022, the Company reported net sales of $6.8 million, up 34% as compared to $5.1 million in the second quarter a year ago. The Company reported a 135% increase in net income to $1.4 million, or $0.08 per share, compared to the second quarter of fiscal 2021.

Shahram Askarpour, Chief Executive Officer, said, The second quarter builds on our... More