IEH CORP - IEHC STOCK NEWS

IEH (OTC:IEHC) has filed its Annual Report on Form 10-K for the fiscal year ending March 31, 2024. The company reported a 12.5% increase in revenue, reaching $21.52M, compared to $19.14M in the previous fiscal year. Operating losses decreased by 35%, down to $3.76M from $5.81M, and net losses fell by 55% to $2.92M from $6.50M. Basic loss per share was reduced to $1.23 from $2.74. Q4 2024 revenue jumped 30% to $6.93M, with a gross profit nearly tripling to $1.28M. The backlog is up 29% year-over-year, and the company notes positive market trends in defense and commercial aerospace. Challenges in cost management persist, but the company is implementing price initiatives to counteract these pressures.

IEH Corp (IEHC) has secured over $5 million in new orders for its Hyperboloid connectors to support various US military programs and overseas allies, boosting munitions reserves. President and CEO Dave Offerman highlights the importance of IEH's connectors in critical defense systems amid global tensions, expecting increased demand following recent congressional funding approval.

IEH Corporation (IEHC) reports a decrease in revenue for the 3rd quarter of fiscal year 2024 compared to the same period in 2023, along with operating and net losses. However, the company anticipates revenue recovery in the current quarter, aiming to outperform last year's total revenue and reduce losses. Cost-cutting measures and backlog strength are expected to drive margin improvement and growth in fiscal 2025. Despite challenges, IEH remains on a recovery path, focusing on defense and commercial aerospace markets, with plans for expansion into other industries.

IEH Corporation (IEHC) has filed its quarterly reports on Form 10-Q for the fiscal quarters ending June 30, 2023, and September 30, 2023. The company reported a 14.7% increase in revenues for both quarters compared to the same periods in the previous year. However, there were operating and net losses for both quarters, with a basic loss per share of $.56 for the first quarter of fiscal year 2024 and $.46 for the second quarter of fiscal year 2024. IEH's President and CEO, Dave Offerman, highlighted the improvement in financial metrics but acknowledged that the company has not yet reached pre-COVID revenue and net income levels. Offerman also mentioned a 28% higher backlog and the company's up-to-date SEC filings, expressing gratitude to shareholders for their patience and support.

IEH Corporation (IEHC) appoints Subrata Purkayastha as permanent Chief Financial Officer, after her successful completion of the Super 10-K audit and publication. The company expresses excitement about her leadership and looks forward to continued recovery and growth.

IEH Corporation announces the addition of Brian Glenn to its board of directors.

IEH Corporation files 10-Qs and 10-K for fiscal year ended March 31, 2023

IEH Corporation announces the addition of John Spiezio to its board of directors and the resignation of Sonia Marciano from the board. Spiezio brings extensive experience in the aerospace and defense industries. Marciano served on the board for seven years.

IEH Corporation (OTC:IEHC) Announces $2 Million in New Orders for Hyperboloid Connectors in Support of US Military's APKWS Program