Filing Flows › Innovative Solutions & Support (IA) › Q4 FY24
Innovative Solutions & Support (IA) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 30, 2024
Innovative Solutions & Support (IA) reported revenue of $15.4M for the fourth quarter fiscal 2024 (Q4 FY24), +18% from a year earlier and +31% from the quarter before. Operating margin was 28.4%, net earnings $3.2M (20.7% of revenue).
Innovative Solutions & Support, Q4 FY24: revenue $15.4M (+18% year over year), operating margin 28.4%, net earnings $3.2M, operating cash flow $445K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.4M | +31% | +18% |
| Gross profit | $8.5M | +36% | +5% |
| Operating profit | $4.4M | +114% | +20% |
| Net earnings | $3.2M | +105% | +21% |
| Operating cash flow | $445K | -52% | -62% |
| Free cash flow | $299K | -59% | -71% |
What changed
Revenue was $15.4M in Q4 FY24, up 18% year over year and up 31% from the previous quarter.
Gross margin was 55.4%, down 7.0 points from a year earlier. Operating profit was $4.4M, a 28.4% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 28% margin then. Operating expenses fell 7% while revenue rose 18%. The fastest-growing cost line was Research & development (+49%). Net earnings were $3.2M, up 21% year over year. The effective tax rate was 22.1%.
Operating cash flow was $445K (down 62% year over year), 14% of net earnings. Non-cash charges added back $661K of depreciation and amortization. Working capital and other items used $3.4M. Capital expenditures of $146K left free cash flow of $299K.
Questions
What was Innovative Solutions & Support's revenue in the fourth quarter fiscal 2024?
Innovative Solutions & Support (IA) reported revenue of $15.4M for the fourth quarter fiscal 2024 (Q4 FY24), +18% from a year earlier and +31% from the quarter before.
Was Innovative Solutions & Support profitable in the fourth quarter fiscal 2024?
Operating profit was $4.4M (28.4% of revenue) and net earnings $3.2M.