IEH Corporation Files Form 10-K for Fiscal Year Ended March 31, 2025

BROOKLYN, NY / ACCESS Newswire / June 12, 2025 / IEH Corporation (OTC PINK:IEHC) today filed with the Securities and Exchange Commission (SEC) its Annual Report on Form 10-K for the fiscal year ended March 31, 2025.

Highlights include:

• 34% Increase in Revenue over Fiscal Year 2024

• $4.34M Improvement in Operating Income

• 72% increase in cash on hand, compared to prior year

For the Fiscal Year ended March 31, 2025, IEH had revenues of $28,783,861 as compared to $21,524,544 for the Fiscal Year ended March 31, 2024 reflecting a 33.7% increase; operating income of $574,862 for Fiscal Year 2025 as compared to an operating loss of $3,760,887 for Fiscal Year 2024 reflecting a $4,335,749 improvement; net income of $999,038 for Fiscal Year 2025 as compared to a net loss of $2,916,902 for Fiscal Year 2024 reflecting a $3,915,940 improvement; and a basic earnings per share of $.42 as compared to a basic loss per share of $1.23 for Fiscal Year 2024.

Dave Offerman, President and CEO of IEH Corporation commented, "By almost any discernible metric, IEH's financial health has improved considerably this past year. Our revenue was 3^rd-highest in our history, our cash position has improved dramatically since this time last year, inventory relative to revenue is down, and we were profitable in both operating and net income. Our margins continue to be lower than desired due to the rise in our material costs, but price adjustments implemented over the last several months will bolster our gross margins going forward and be reflected in future financial statements. After declining for several months, our backlog has stabilized, and our sales pipeline remains strong. Changes in the competitive landscape offer opportunities to win market share, and we continue to intensify our marketing efforts to target new industries for our signature Hyperboloid products.

As previously noted, 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 and commercial space launch bode well for IEH in the years ahead.

So while it's possible that revenue in Fiscal Year 2026 will be slightly lower than 2025, the overall strength of our sales pipeline, along with efforts underway to improve our product mix and diversify our markets served, should lead to considerable long-term growth.