IEH Corporation Files Form 10-Q For Fiscal Quarter Ended September 30, 2024
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 ha riportato significativi miglioramenti finanziari per il secondo trimestre dell'anno fiscale 2025. I ricavi sono aumentati del 53%, raggiungendo $7,34 milioni rispetto ai $4,81 milioni del secondo trimestre dell'anno fiscale 2024. L'azienda ha registrato un'inversione da una perdita operativa di $1,12 milioni a un profitto operativo di $173.196, e da una perdita netta di $1,10 milioni a un profitto netto di $246.443. L'utile per azione di base è migliorato da una perdita di $0,46 a un guadagno di $0,10. La liquidità è cresciuta del 40% dall'inizio dell'anno fiscale 2025, mentre i costi SG&A sono diminuiti del 50% in percentuale rispetto ai ricavi rispetto allo stesso trimestre dell'anno precedente.
IEH reportó mejoras financieras significativas para el segundo trimestre del año fiscal 2025. Los ingresos aumentaron un 53%, alcanzando $7.34 millones en comparación con $4.81 millones en el segundo trimestre del año fiscal 2024. La compañía pasó de una pérdida operativa de $1.12 millones a una ganancia operativa de $173,196, y de una pérdida neta de $1.10 millones a una ganancia neta de $246,443. Las ganancias básicas por acción mejoraron de una pérdida de $0.46 a una ganancia de $0.10. El efectivo creció un 40% desde el inicio del año fiscal 2025, mientras que los costos de SG&A disminuyeron un 50% en porcentaje de los ingresos en comparación con el mismo trimestre del año anterior.
IEH는 2025 회계연도 2분기에 상당한 재무 개선을 보고했습니다. 수익이 53% 증가하여 $7.34백만에 도달했으며, 이는 2024 회계연도 2분기의 $4.81백만과 비교됩니다. 회사는 운영 손실이 $1.12백만에서 운영 이익 $173,196로 전환되었고, 순손실이 $1.10백만에서 순이익 $246,443로 바뀌었습니다. 기본 주당 수익은 손실 $0.46에서 수익 $0.10으로 개선되었습니다. 2025 회계연도가 시작된 이후 현금은 40% 증가했으며, SG&A 비용은 지난해 동일 분기에 비해 수익에 대한 비율로 50% 감소했습니다.
IEH a signalé des améliorations financières significatives pour le deuxième trimestre de l'exercice 2025. Les revenus ont augmenté de 53 %, atteignant 7,34 millions de dollars par rapport à 4,81 millions de dollars au cours du deuxième trimestre de l'exercice 2024. L'entreprise est passée d'une perte d'exploitation de 1,12 million de dollars à un bénéfice d'exploitation de 173 196 dollars, et d'une perte nette de 1,10 million de dollars à un bénéfice net de 246 443 dollars. Le bénéfice par action de base est passé d'une perte de 0,46 dollar à un bénéfice de 0,10 dollar. La trésorerie a augmenté de 40 % depuis le début de l'exercice 2025, tandis que les coûts SG&A ont diminué de 50 % en pourcentage des revenus par rapport au même trimestre de l'année précédente.
IEH meldete bedeutende finanzielle Verbesserungen für das zweite Quartal des Geschäftsjahres 2025. Der Umsatz stieg um 53% auf 7,34 Millionen US-Dollar im Vergleich zu 4,81 Millionen US-Dollar im zweiten Quartal des Geschäftsjahres 2024. Das Unternehmen hat sich von einem operativen Verlust von 1,12 Millionen US-Dollar zu einem operativen Gewinn von 173.196 US-Dollar gewandt und von einem Nettoverlust von 1,10 Millionen US-Dollar zu einem Nettogewinn von 246.443 US-Dollar. Der grundlegende Gewinn pro Aktie verbesserte sich von einem Verlust von 0,46 US-Dollar auf einen Gewinn von 0,10 US-Dollar. Die liquiden Mittel stiegen seit Beginn des Geschäftsjahres 2025 um 40%, während die SG&A-Kosten im Vergleich zum gleichen Quartal des Vorjahres um 50% vom Umsatzanteil gesenkt wurden.
- 53% year-over-year revenue growth to $7.34 million
- Turned operating loss into $173,196 profit
- Achieved net profit of $246,443 vs previous loss
- 40% cash growth since start of fiscal year
- 50% reduction in SG&A costs as percentage of revenue
- Revenue and net income still below pre-COVID levels
- Potential uneven growth due to commercial aircraft industry challenges
BROOKLYN, NY / ACCESSWIRE / November 8, 2024 / IEH Corporation (OTC PINK:IEHC) today filed with the Securities and Exchange Commission its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2024.
For the quarter ended September 30, 2024, IEH had revenues of
Dave Offerman, President and CEO of IEH Corporation commented, "IEH's notable improvements in our top and bottom lines continue apace. Similar to the first quarter of fiscal year 2025, IEH has experienced significant growth in this quarter compared to the same quarter of last year. Revenue, gross margins and operating income all increased considerably, our cash has grown
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 Securities and Exchange Commission ("SEC") 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
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