Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
−Removed: The Company’s common stock has been traded on the NASDAQ Global Select Market(R) tier of the NASDAQ Stock Market, LLC under the symbol “ISSC” since its initial public offering on August 4, 2000.
−Removed: Many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, as a result, we are unable to estimate the total number of stockholders represented by these record holders.
−Removed: The Company did not pay cash dividends in fiscal 2022.
−Removed: The declaration and payment of any dividend in the future will be at the discretion of the Company’s Board of Directors.
−Removed: On September 4, 2020, the Company’s Board of Directors declared a special cash dividend in the amount of $0.65 per share, payable on October 1, 2020 to shareholders of record as of the close of business on September 15, 2020.
−Removed: The total dividend payment was approximately $11.2 million.
−Removed: On December 10, 2020, the Company’s Board of Directors declared a special cash dividend in the amount of $0.50 per share, payable on December 30, 2020 to shareholders of record as of the close of business on December 21, 2020.
−Removed: The total dividend payment was approximately $8.6 million.
+Added: Market Information
+Added: The Company’s common stock has been traded on the NASDAQ Global Select Market® tier of the NASDAQ Stock Market, LLC under the symbol “ISSC” since its initial public offering on August 4, 2000.
+Added: Holders of Common Stock
+Added: As of January 8, 2024, there were approximately seven registered holders of the Company’s common stock.
+Added: A substantially greater number of holders of the Company’s common stock are beneficial holders, whose shares of record are held by banks, brokers and other financial institutions in “street name.”
+Added: The Company’s Board of Directors (the “Board”) previously declared special cash dividends in the amount of $0.65 per share in fiscal 2020 and $0.50 per share in fiscal 2021.
+Added: The Company did not pay cash dividends in fiscal years 2022 and 2023.
+Added: The Company intends to retain future earnings, if any, to finance the development and growth of its business and does not anticipate paying any cash dividends in the foreseeable future.
+Added: The declaration and payment of any dividend in the future will be at the discretion of the Board and will depend on then-existing conditions, including our operating results, financial condition, business prospects and other factors the Board may deem relevant.
Selected Consolidated Financial Data .
1 unchanged sentence
The following selected consolidated financial data set forth below should be read together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and related notes to the consolidated financial statements appearing elsewhere herein.
−Removed: The selected statement of operations data for the fiscal years ended September 30, 2022, 2021 and 2020 and the balance sheet data as at September 30, 2022 and 2021 are derived from the Company’s audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The selected statements of operations data for the fiscal years ended September 30, 2019 and 2018 and the balance sheet data as at September 30, 2020, 2019 and 2018 are extracted from the Company’s audited consolidated financial statements that are not included in this Annual Report on Form 10-K.
+Added: The selected statements of operations data for the fiscal years ended September 30, 2023, 2022 and 2021 and the balance sheet data as of September 30, 2023 and 2022 are derived from the Company’s audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
+Added: The selected statements of operations data for the fiscal years ended September 30, 2020 and 2019 and the balance sheet data as of September 30, 2021, 2020 and 2019 are extracted from the Company’s audited consolidated financial statements that are not included in this Annual Report on Form 10-K.
Fiscal year ended September 30,
4 unchanged sentences
Total operating expenses
−Removed: Operating income (loss)
+Added: Operating income
+Added: Interest expense
Interest income
−Removed: Income (loss) before income taxes
+Added: Income before income taxes
Income tax expense (benefit)
−Removed: Net Income (loss)
−Removed: Net income (loss) per common share:
+Added: Net income per common share:
Cash dividends declared per common share
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.