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IEH Corporation Filed Form 10-Q for Fiscal Quarter Ended June 30, 2025
IEH Corporation Filed Form 10-Q for Fiscal Quarter Ended June 30, 2025.
About this update from Ieh Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n IEH Corporation Filed Form 10-Q for Fiscal Quarter Ended June 30, 2025\r\n \r\n \r\n\r\n\r\nIEH Corporation Filed Form 10-Q for Fiscal Quarter Ended June 30, 2025\r\n\r\n\r\n\r\n\r\n\r\nBROOKLYN, NY / ACCESS Newswire / August 13, 2025 / IEH Corporation (OTC:IEHC) yesterday filed with the Securities and Exchange Commission (SEC) its quarterly report on Form 10-Q for the 1st fiscal quarter ended June 30, 2025.\r\n Highlights include:\r\n \r\n 11% Decrease in Revenue as compared to first quarter of Fiscal Year 2025\r\n $755,306 loss in Operating Income\r\n Cash 43% higher than first quarter of Fiscal Year 2025\r\n Backlog increase of 25% since beginning of Fiscal Year 2026\r\n Over $2.5 million in orders supporting missile defense programs booked in recent weeks\r\n \r\n For the quarter ended June 30, 2025, IEH had revenues of $6,308,155 as compared to $7,104,977 for the quarter ended June 30, 2024 reflecting an 11% decrease; an operating loss of $755,306 for 1st quarter fiscal year 2026 as compared to an operating gain of $332,979 for 1st quarter fiscal year 2025; a net loss of $654,618 for 1st quarter fiscal year 2026 as compared to a net gain of $392,787 for 1st quarter fiscal year 2025; and a basic loss per share of $.27 for 1st quarter fiscal year 2026 as compared to a basic gain per share of $.17 for 1st quarter fiscal year 2025.\r\n Dave Offerman, President and CEO of IEH Corporation commented, \"As forecasted in prior communications, while our long-term trajectory continues to trend upwards, our results from one quarter to the next may be uneven. This is reflected in our first quarter, as revenue was lower than the last few quarters due primarily to customer schedule delays, along with the still slow recovery of the commercial aircraft sector.\r\n However, the long-term projections, especially in our largest sector, defense, remain strong. Indeed, we recently booked over $2.5 million in orders in support of various missile defense programs, including PATRIOT, AMRAAM, LTMADS and others. Our sales pipeline indicates more orders are on the horizon. Our commercial space launch business continues to grow, and we continue to eagerly anticipate a return to pre-COVID levels of business in the commercial aerospace sector. Initiatives to grow our product lines and markets served via organic and inorganic growth con...