IEH Corporation Files Form 10-Q for Fiscal Quarter Ended December 31, 2024
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 (OTC:IEHC) ha comunicato i risultati finanziari del terzo trimestre dell'anno fiscale 2025, mostrando un aumento del 41% dei ricavi a 7,2 milioni di dollari rispetto ai 5,1 milioni del terzo trimestre dell'anno fiscale 2024. L'azienda ha ridotto la sua perdita operativa a 130.086 dollari da 969.189 dollari rispetto all'anno precedente, mentre la perdita netta è migliorata a 61.640 dollari da 926.053 dollari. La perdita base per azione è diminuita a 0,03 dollari rispetto a 0,39 dollari.
L'azienda ha sperimentato margini più bassi a causa della combinazione di prodotti e dell'aumento dei costi generali. Tuttavia, la posizione di cassa è migliorata del 83% rispetto all'anno precedente, e l'inventario è diminuito del 20% dal dicembre 2023. Sebbene l'attuale backlog sia sotto gli obiettivi, IEH riporta un solido pipeline di vendite e vede opportunità di crescita della quota di mercato nei settori legati alla difesa, lanci commerciali nello spazio e aeromobili commerciali.
IEH (OTC:IEHC) informó sus resultados financieros del tercer trimestre del año fiscal 2025, mostrando un aumento del 41% en los ingresos a 7.2 millones de dólares en comparación con 5.1 millones en el tercer trimestre del año fiscal 2024. La compañía redujo su pérdida operativa a 130,086 dólares desde 969,189 dólares en el año anterior, mientras que la pérdida neta mejoró a 61,640 dólares desde 926,053 dólares. La pérdida básica por acción disminuyó a 0.03 dólares desde 0.39 dólares.
La empresa experimentó márgenes más bajos debido a la mezcla de productos y el aumento de los costos generales. Sin embargo, la posición de efectivo mejoró un 83% interanual, y el inventario disminuyó un 20% desde diciembre de 2023. Aunque la cartera actual está por debajo de la meta, IEH informa de un sólido pipeline de ventas y ve oportunidades para el crecimiento de la cuota de mercado en negocios relacionados con la defensa, lanzamientos comerciales al espacio y sectores de aeronaves comerciales.
IEH (OTC:IEHC)는 2025 회계연도 3분기 재무 결과를 발표하며 41% 매출 증가를 기록하여 720만 달러로 2024 회계연도 3분기의 510만 달러와 비교되었다. 이 회사는 운영 손실을 130,086 달러로 줄였으며, 이는 전년 대비 969,189 달러에서 감소한 수치이다. 순손실도 61,640 달러로 개선되었으며, 전년도 926,053 달러에서 감소하였다. 기본 주당 손실은 0.03 달러로 감소했으며, 이는 0.39 달러에서 줄어든 것이다.
회사는 제품 믹스와 증가하는 간접비로 인해 마진이 낮아졌다. 그러나 현금 위치가 전년 대비 83% 개선되었고, 재고는 2023년 12월 이후 20% 감소하였다. 현재 백로그는 목표 이하이지만, IEH는 강력한 판매 파이프라인을 보고하며 방산 관련 사업, 상업적 우주 발사 및 상업 항공기 분야에서 시장 점유율 성장의 기회를보고 있다.
IEH (OTC:IEHC) a annoncé ses résultats financiers pour le troisième trimestre de l'exercice fiscal 2025, affichant une augmentation des revenus de 41% à 7,2 millions de dollars contre 5,1 millions de dollars au troisième trimestre de l'exercice fiscal 2024. L'entreprise a réduit sa perte d'exploitation à 130 086 dollars contre 969 189 dollars l'année précédente, tandis que la perte nette s'est améliorée à 61 640 dollars contre 926 053 dollars. La perte par action de base a diminué à 0,03 dollars contre 0,39 dollars.
L'entreprise a connu des marges plus faibles en raison du mélange de produits et de l'augmentation des frais généraux. Toutefois, la position de trésorerie s'est améliorée de 83% par rapport à l'année précédente, et les stocks ont diminué de 20% depuis décembre 2023. Bien que le carnet de commandes actuel soit en dessous de l'objectif, IEH rapporte un solide pipeline de ventes et constate des opportunités de croissance de part de marché dans les secteurs liés à la défense, aux lancements spatiaux commerciaux et à l'aviation commerciale.
IEH (OTC:IEHC) hat die finanziellen Ergebnisse für das dritte Quartal des Geschäftsjahres 2025 veröffentlicht und einen Umsatzanstieg von 41% auf 7,2 Millionen Dollar im Vergleich zu 5,1 Millionen Dollar im dritten Quartal des Geschäftsjahres 2024 verzeichnet. Das Unternehmen hat seinen operativen Verlust auf 130.086 Dollar von 969.189 Dollar im Vorjahr reduziert, während der Nettverlust sich auf 61.640 Dollar von 926.053 Dollar verbessert hat. Der Basisverlust pro Aktie verringerte sich auf 0,03 Dollar von 0,39 Dollar.
Das Unternehmen verzeichnete niedrigere Margen aufgrund der Produktmix und steigender Gemeinkosten. Dennoch hat sich die Liquiditätsposition um 83% im Vergleich zum Vorjahr verbessert, und der Lagerbestand ist um 20% seit Dezember 2023 gesunken. Obwohl der aktuelle Auftragsbestand unter dem Ziel liegt, berichtet IEH von einer soliden Vertriebspipeline und sieht Möglichkeiten für das Wachstum des Marktanteils in der verteidigungsbezogenen Wirtschaft, im gewerblichen Weltraumstart und im kommerziellen Luftfahrtsektor.
- Revenue increased 41% YoY to $7.2M
- Operating loss reduced by 87% YoY
- Net loss decreased by 93% YoY
- Cash position improved 83% YoY
- Inventory reduced by 20% since Dec 2023
- Operating loss of $130,086 in Q3 FY2025
- Net loss of $61,640 in Q3 FY2025
- Lower margins due to product mix and increasing costs
- Backlog below target levels
BROOKLYN, NY / ACCESS Newswire / February 11, 2025 / IEH Corporation (OTC PINK:IEHC) today filed with the Securities and Exchange Commission (SEC) its quarterly report on Form 10-Q for the 3rd fiscal quarter ended December 31, 2024.
For the quarter ended December 31, 2024, IEH had revenues of
Dave Offerman, President and CEO of IEH Corporation commented, "Although we experienced a small loss in this past quarter, IEH's overall improvements in our financial health over the past few years continue. Our margins this quarter were lower than the prior two quarters due primarily to product mix, and increasing overhead and indirect costs. We continue to adjust pricing to compensate for the rise in our input costs, but it takes time for those adjustments to materialize in our statements as margin improvements. In the meantime, our cash has risen
So as evidenced by this quarter's results, growth and improvements may still be uneven from one quarter to the next while the commercial aircraft industry continues to produce below their target levels, but our long-term forecasts for that sector, along with strong growth projections in our defense-related business, commercial space launch and other markets we serve, bode well for IEH in the years ahead.
On behalf of the management team and staff of IEH, we again wish to express our sincere gratitude for the support of our valued shareholders. We look forward to sharing more positive news in the coming months and quarters."
About IEH Corporation
For over 80 years and 4 generations of family-run management, IEH Corporation has designed, developed, and manufactured printed circuit board (PCB) connectors, custom interconnects and contacts for high performance applications. With its signature Hyperboloid technology, IEH supplies the most durable, reliable connectors for the most demanding environments. The Company markets primarily to companies in defense, aerospace, medical, space and industrial applications, in the United States, Canada, Europe, Southeast and Central Asia and the Mideast. The Company was founded in 1941 and is headquartered in Brooklyn, New York.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this press release, and in related comments by the Company's management, include "forward-looking statements." All statements, other than statements of historical facts, including, without limitation, statements or expectations regarding our financial condition, statements or expectations regarding our revenues, cash and backlog, expectations regarding future cash requirements, revenue and revenue recovery, including for fiscal year 2025 and beyond, projected timelines for making our SEC filings or successfully preventing our registration from suspension or revocation and expectations regarding our efforts and ability to resolve our inventory accounting issues are forward-looking statements. These statements often include words such as "believe," "expect," "estimate," "plan," "will," "may," "would," "should," "could," or similar expressions, although not all forward-looking statements contain such identifying words. These statements are based on certain assumptions that the Company has made on its current expectations and projections about future events. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and you should not place undue reliance on any forward-looking statements. The Company's actual performance or results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, as they will depend on many factors about which we are unsure, including many factors beyond our control. Among other items, such factors could include: any claims, investigations or proceedings arising as a result of our past due periodic reports, including changes in the proceedings related to the SEC's Order Instituting Administrative Proceedings and Notice of Hearing pursuant to Section 12(j) of the Securities and Exchange Act of 1934, as amended; our ability to remediate our inventory accounting issue; our ability to reduce costs or increase revenue; changes in the macroeconomic environment or in the finances of our customers; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates; our ability to attract and retain key employees and key resources; and other risk factors discussed from time to time in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, filed with the SEC on June 14, 2024, and in subsequent reports filed with or furnished to the SEC. Additional information concerning these and other factors can be found in our filings with the SEC. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. Except as may be required by applicable law, we do not undertake or intend to update or revise our forward-looking statements, and we assume no obligation to update any forward-looking statements contained in this press release as a result of new information or future events or developments. Thus, you should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. You should carefully review and consider the various disclosures we make in our filings with the SEC that attempt to advise interested parties of the risks, uncertainties and other factors that may affect our business.
Contact:
Dave Offerman
IEH Corporation
dave@iehcorp.com
718-492-4448
SOURCE: IEH Corporation
View the original press release on ACCESS Newswire
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