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Article: Innovative Solutions & Support, Inc. Announces 49% Increase in 3rd Quarter Net Income.
- Article from:
- Business Wire
- Article date:
- July 20, 2005
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EXTON, Pa. -- Innovative Solutions & Support, Inc. (NASDAQ:ISSC) today announced the following results for the 3rd quarter and for the Fiscal Year-To-Date Periods ended June 30, 2005:
Q3 FY 2005
-- Salesup 39% to $17.1 million.
-- Net income up 49% to $4.9 million.
-- EPS, diluted (1) up 50% to $0.27 a share
Year-To-Date FY2005
-- Salesup 74% to a record $55.1 million
-- Net Income up 132% to a record $17.4 million
-- EPS, diluted (1) up 126% to a record $0.95 a share
-- Cash FlowRecord $17.4 million
-- Backlog $13.7 million ...