Innovative Solutions & Support, Inc. Announces Significant Increase in Second Quarter Fiscal 2022 Revenues and Earnings
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.
- 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.
- New orders in the second quarter of fiscal 2022 were approximately $8.2 million and backlog as of March 31, 2022, was $7.5 million.