Ieh Corp - IEHC STOCK NEWS

IEH (OTC Pink: IEHC) has announced its participation in the upcoming 15th Annual LD Micro Invitational, scheduled for April 9-10, 2025, at the Westin Grand Central in New York. David Offerman, President and CEO, will represent the company and deliver a presentation on April 10, 2025, at 8:30 AM ET.

The two-day investor event will feature over 50 presenting companies, with presentations running in half-hour increments. The event includes keynote speeches, private investor meetings, and networking opportunities, including a happy hour at the CBIZ Offices Rooftop and the LD Micro Moneyball Afterparty at the Knickerbocker Hotel.

IEH (OTC:IEHC) reported its Q3 FY2025 financial results, showing a 41% revenue increase to $7.2 million compared to $5.1 million in Q3 FY2024. The company reduced its operating loss to $130,086 from $969,189 year-over-year, while net loss improved to $61,640 from $926,053. Basic loss per share decreased to $0.03 from $0.39.

The company experienced lower margins due to product mix and increasing overhead costs. However, cash position improved by 83% year-over-year, and inventory decreased by 20% since December 2023. While current backlog is below target, IEH reports a strong sales pipeline and sees opportunities for market share growth in defense-related business, commercial space launch, and commercial aircraft sectors.

IEH reported significant financial improvements for Q2 FY2025. Revenue increased 53% to $7.34 million compared to $4.81 million in Q2 FY2024. The company turned around from an operating loss of $1.12 million to an operating profit of $173,196, and from a net loss of $1.10 million to a net profit of $246,443. Basic earnings per share improved from a loss of $0.46 to earnings of $0.10. Cash grew 40% since the start of FY2025, while SG&A costs decreased 50% as a percentage of revenue compared to the same quarter last year.

IEH (OTC PINK:IEHC) has filed its quarterly report on Form 10-Q for the fiscal quarter ending June 30, 2024. The company reported significant growth and improvement compared to the same quarter last year:

• Revenue increased by 52% to $7,104,977
• Operating profit of $332,979, compared to a loss of $1,334,392
• Net profit of $392,787, compared to a loss of $1,315,902
• Basic earnings per share of $0.17, compared to a loss of $0.56

CEO Dave Offerman noted that while results don't yet match pre-COVID levels, the company has achieved profitability after two years of losses. He expressed optimism for long-term growth in commercial aerospace and defense-related business.

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.