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Innovative Solutions and Support Inc (ISSC) Files 10-K for the Fiscal Year Ended on September ...

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Innovative Solutions and Support Inc (ISSC) files its latest 10-K with SEC for the fiscal year ended on September 30, 2018. Innovative Solutions and Support Inc is a systems integrator that manufactures, sells, & services air data equipment, engine display systems, standby equipment, primary flight guidance & cockpit display systems for retrofit applications & OEM. Innovative Solutions and Support Inc has a market cap of $35.710 million; its shares were traded at around $2.12 with and P/S ratio of 2.46.


For the last quarter Innovative Solutions and Support Inc reported a revenue of $3.65 million, compared with the revenue of $4.23 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $13.9 million, a decrease of 17.5% from the previous year. For the last five years Innovative Solutions and Support Inc had an average revenue decline of 17.4% a year.

The reported loss per diluted share was 22 cents for the year, compared with the earnings per share of $0.12 in the previous year. The Innovative Solutions and Support Inc had an operating margin of -26.8%, compared with the operating margin of -0.46% a year before. The 10-year historical median operating margin of Innovative Solutions and Support Inc is 1.65%. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Innovative Solutions and Support Inc has the cash and cash equivalents of $20.4 million, compared with $24.7 million in the previous year. The company had no long term debt. The interest coverage to the debt is 8.5. Innovative Solutions and Support Inc has a financial strength rank of 10 (out of 10).

At the current stock price of $2.12, Innovative Solutions and Support Inc is traded at 13.1% discount to its historical median P/S valuation band of $2.44. The P/S ratio of the stock is 2.46, while the historical median P/S ratio is 2.84. The stock lost 22.57% during the past 12 months.

For the complete 20-year historical financial data of ISSC, click here.

This article first appeared on GuruFocus.