Rochester, NY 8/6/2009 7:09:51 PM
Pre-Market - Innovative Solutions & Support Inc., ISSC - Innovative Solutions & Support, Inc. Reports Fiscal 2009 Quarter Financial Results
Innovative Solutions & Support Inc.
Innovative Solutions & Support, Inc. released company’s financial results for the third quarter of fiscal 2009 ending June 30, 2009.
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The Company gained a net income of $1.3 million, or $0.07 per share, compared to a net loss of ($4.3) million, or ($0.25) per diluted share in 2008. Net sales for the third quarter of fiscal 2009 were $7.8 million, compared to $8.8 million in the third quarter of fiscal 2008. Cash flow from operations in the quarter was $1.9 million.
"We are pleased to report our third consecutive profitable quarter keeping us on track to achieve our FY 2009 financial objectives: of growing revenues, achieving profitability and generating positive cash flow," said Geoffrey S. M. Hedrick, Chairman and Chief Executive Officer of Innovative Solutions & Support, Inc.
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