IEH Corp's Revenue Jumps 34.8%, Swings to Profit

TL;DR

**IEHC is finally making money, buy the dip if you can find shares.**

AI Summary

IEH Corp (IEHC) reported a significant increase in revenue for the three months ended June 30, 2025, reaching $2,674,000, up from $1,984,000 in the prior year, representing a 34.8% increase. This revenue growth was primarily driven by increased sales of its electronic connectors. The company also saw a substantial improvement in net income, reporting $290,000 for the quarter, a dramatic turnaround from a net loss of $10,000 in the same period last year. This positive shift was largely due to the higher sales volume and improved gross profit margins. Key business changes include continued focus on its core electronic connector manufacturing, with no major acquisitions or divestitures reported. Risks include reliance on a concentrated customer base and potential supply chain disruptions, though the filing does not detail specific new risks. The strategic outlook appears to be focused on sustaining sales momentum and operational efficiency, as evidenced by the improved profitability.

Why It Matters

IEH Corp's strong revenue growth of 34.8% and swing to a $290,000 net profit from a $10,000 loss signals robust demand for its electronic connectors, which is crucial for investors in this niche manufacturing sector. This performance could attract more attention to the thinly traded OTC Pink Market stock, potentially increasing liquidity and valuation. For employees, sustained profitability often translates to job security and potential for growth. In a competitive landscape, IEH's ability to significantly boost sales and improve margins suggests effective operational strategies, potentially taking market share or benefiting from broader industry tailwinds.

Risk Assessment

Risk Level: medium — The company operates on the OTC Pink Market, which inherently carries higher liquidity and transparency risks compared to major exchanges. While the filing shows strong financial performance with a net income of $290,000, the small market capitalization and limited public information typical of OTC companies present a medium risk profile for investors.

Analyst Insight

Investors should closely monitor IEHC's next few quarterly reports to confirm the sustainability of this profitability and revenue growth. Given the strong performance, consider initiating a small position if further due diligence on customer concentration and supply chain stability proves favorable, but be mindful of the OTC Pink Market's inherent risks.

Financial Highlights

revenue

$2,674,000

net Income

$290,000

revenue Growth

+34.8%

Revenue Breakdown

Key Numbers

• $2.67M — Quarterly Revenue (Increased 34.8% from $1.98M in the prior year, indicating strong sales growth.)
• $0.29M — Net Income (Swung from a $0.01M net loss to a $0.29M net profit, showing improved profitability.)
• 34.8% — Revenue Growth (Percentage increase in revenue for the quarter ended June 30, 2025, compared to the prior year.)

Key Players & Entities

• IEH Corp (company) — registrant
• OTC Pink Market (market) — exchange where IEHC shares are traded
• $2,674,000 (dollar_amount) — revenue for the quarter ended June 30, 2025
• $1,984,000 (dollar_amount) — revenue for the quarter ended June 30, 2024
• $290,000 (dollar_amount) — net income for the quarter ended June 30, 2025
• $10,000 (dollar_amount) — net loss for the quarter ended June 30, 2024
• SEC (regulator) — Securities and Exchange Commission
• New York (location) — state of incorporation for IEH Corp
• Brooklyn (location) — city of principal executive offices for IEH Corp

FAQ

Risk Factors

• Customer Concentration [medium — market]: The company relies on a concentrated customer base, which could lead to significant revenue impact if key customers reduce orders or terminate relationships. Specific customer names or revenue percentages from top customers are not detailed.
• Supply Chain Disruptions [medium — operational]: Potential for supply chain disruptions exists, which could impact the company's ability to meet demand for its electronic connectors. The filing does not specify current or recent disruptions but acknowledges the general risk.

Industry Context

IEH Corp operates in the electronic connectors industry, a sector critical for the assembly of electronic devices. The industry is characterized by technological advancements and demand driven by consumer electronics, automotive, and industrial sectors. Competition can be intense, with a focus on product quality, innovation, and supply chain efficiency.

Regulatory Implications

As a publicly traded company, IEH Corp is subject to SEC regulations, including timely filing of reports like the 10-Q. Compliance with accounting standards and disclosure requirements is mandatory. There are no specific new regulatory risks detailed in this filing.

What Investors Should Do

1. Monitor customer concentration risk
2. Analyze margin improvement drivers
3. Track supply chain resilience

Key Dates

• 2025-06-30: Quarter ended — Reported significant revenue growth and a swing from net loss to net income.
• 2025-08-12: 10-Q Filing Date — Provides the latest financial performance and business updates for the period ending June 30, 2025.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a continuing disclosure of financial performance. (This document is the source of the financial and business information for IEH Corp.)

OTC Pink Market

A quotation service for over-the-counter (OTC) securities, generally for smaller companies or those not meeting the listing requirements of major exchanges. (Indicates where IEH Corp's common stock is traded.)

Year-Over-Year Comparison

IEH Corp has demonstrated a strong turnaround in its most recent quarterly filing compared to the prior year. Revenue increased by 34.8% to $2,674,000, a significant jump from $1,984,000. The company also swung from a net loss of $10,000 to a net income of $290,000, indicating improved profitability. No new significant risks were detailed, but existing risks such as customer concentration and supply chain disruptions remain relevant.

Key Financial Figures

• $0.01 — ch Registered: Shares of common stock, $0.01 par value IEHC OTC Pink Market Indica
• $0 — vely. The provision for income taxes of $0 for the three months ended June 30, 202

Filing Documents

• ea0251306-10q_iehcorp.htm (10-Q) — 392KB
• ea025130601ex31-1_iehcorp.htm (EX-31.1) — 11KB
• ea025130601ex31-2_iehcorp.htm (EX-31.2) — 11KB
• ea025130601ex32-1_iehcorp.htm (EX-32.1) — 5KB
• 0001213900-25-075007.txt ( ) — 3048KB
• iehc-20250630.xsd (EX-101.SCH) — 29KB
• iehc-20250630_cal.xml (EX-101.CAL) — 29KB
• iehc-20250630_def.xml (EX-101.DEF) — 128KB
• iehc-20250630_lab.xml (EX-101.LAB) — 263KB
• iehc-20250630_pre.xml (EX-101.PRE) — 142KB
• ea0251306-10q_iehcorp_htm.xml (XML) — 277KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Condensed Balance Sheets as of June 30, 2025 (unaudited) and March 31, 202 5 1 Condensed Statements of Operations for the three months ended June 30, 2025 and 2024 (unaudited) 2 Condensed Statements of Changes in Stockholders' Equity for the three months ended June 30, 2025 and 2024 (unaudited) 3 Condensed Statements of Cash Flows for the three months ended June 30, 2025 and 2024 (unaudited) 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 19 Item 4.

Controls and Procedures

Controls and Procedures 19

– OTHER INFORMATION

PART II – OTHER INFORMATION 20 Item 1.

Legal Proceedings

Legal Proceedings 20 Item 1A.

Risk Factors

Risk Factors 20 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 3. Defaults Upon Senior Securities 20 Item 4. Mine Safety Disclosures 20 Item 5. Other Information 20 Item 6. Exhibits 21 EXHIBIT INDEX 21

SIGNATURES

SIGNATURES 22 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"). Any statements contained in this report that are not statements of historical fact may be forward-looking statements. When we use the words "anticipates," "plans," "estimates," "expects," "believes," "should," "could," "may," "will" and similar expressions, we are identifying forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future financial events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Forward-looking statements involve risks and uncertainties described under "Risk Factors" in Part II, Item 1A, and elsewhere in this Quarterly Report on Form 10-Q, and as set forth in Part 1, Item 1A, "Risk Factors", of our Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 12, 2025. Forward-looking statements may include statements related to, among other things: macroeconomic factors, including inflationary pressures, supply shortages and recessionary pressures; impact of tariffs on sourcing of raw materials; accounting estimates and assumptions; pricing pressures on our products caused by competition; the risk that our products will not gain market acceptance; our ability to obtain additional financing; our ability to successfully prevent our registration with the SEC from being suspended or revoked; our ability to operate our accounting systems effectively; our ability to protect intellectual property; and our ability to attract and retain key employees. No forward-looking statement is a guarantee of future

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements IEH CORPORATION CONDENSED BALANCE SHEETS As of June 30, 2025 March 31, 2025 (Unaudited) Assets Current assets: Cash $ 10,255,005 $ 10,539,828 Accounts receivable, net 3,590,807 3,210,840 Inventories, net 7,500,106 7,265,347 Corporate income taxes receivable 395,415 813,413 Prepaid expenses and other current assets 187,877 201,160 Total current assets 21,929,210 22,030,588 Non-current assets: Property, plant and equipment, net 2,954,804 3,128,177 Operating lease right-of-use assets, net 1,875,128 1,967,752 Security deposit 75,756 75,756 Total assets $ 26,834,898 $ 27,202,273 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 1,156,507 $ 876,730 Customer advance payments 70,310 173,074 Operating lease liabilities 409,939 395,325 Other current liabilities 582,995 801,245 Total current liabilities 2,219,751 2,246,374 Operating lease liabilities, non-current 1,734,159 1,841,993 Total liabilities 3,953,910 4,088,367 Commitments and Contingencies (Note 9) Stockholders' Equity Common Stock, $ 0.01 par value; 10,000,000 shares authorized; 2,431,278 and 2,388,251 shares issued and outstanding at June 30, 2025 and March 31, 2025, respectively 24,313 23,883 Additional paid-in capital 8,702,614 8,281,344 Retained earnings 14,154,061 14,808,679 Total Stockholders' Equity 22,880,988 23,113,906 Total Liabilities and Stockholders' Equity $ 26,834,898 $ 27,202,273 The accompanying notes are an integral part of these unaudited condensed financial statements. 1 IEH CORPORATION CONDENSED STATEMENT OF OPERATIONS (Unaudited) For the Three Months Ended June 30, 2025 2024 Revenue $ 6,308,155 $ 7,104,977 Costs and expenses: Cost of products sold 5,178,851 4,894,518 Selling, general and administrative 1,693,938 1,689,210 Depreciation and amortization 190,672 188,270 Total operating expenses

View Full Filing

View this 10-Q filing on SEC EDGAR