Thu, Jun 12, 8:58 PM (31 days ago)
### Financial Summary for IEH Corporation (IEHC) **Ticker:** IEHC **Market:** OTC Pink Market **Financial Performance (in thousands):** - **Revenue:** $28,783,861 (FY 2025) vs. $21,524,544 (FY 2024) - **Net Income:** $999,038 (FY 2025) vs. $(2,916,902) (FY 2024) - **Operating Income:** $574,862 (FY 2025) vs. $(3,760,887) (FY 2024) - **Earnings per Share (EPS):** $0.42 (FY 2025) vs. $(1.23) (FY 2024) **Operating Expenses:** - **Cost of Products Sold:** $21,309,983 (FY 2025) vs. $18,257,621 (FY 2024) - **Selling, General, and Administrative Expenses:** $6,154,214 (FY 2025) vs. $6,156,191 (FY 2024) - **Depreciation and Amortization:** $744,802 (FY 2025) vs. $871,619 (FY 2024) **Strategic Overview:** - **Business Model:** Designs and manufactures Hyperboloid connectors for defense, aerospace, medical, and industrial applications. - **Market Position:** Leader in Hyperboloid connectors, with a focus on high-reliability and rugged environments. - **Product Innovation:** Continues to expand PCB connector offerings and introduce high-speed connectors for data transmission and hybrid power/signal connectors. **Future Outlook:** - **Growth Opportunities:** Increasing orders from defense customers and growth in commercial space exploration. - **Challenges:** Navigating production, labor, and regulatory issues in the commercial aerospace industry. **Risk Factors:** - **Market Risks:** Dependence on a few key customers and suppliers, exposure to economic and geopolitical risks. - **Operational Risks:** Supply chain disruptions, inflationary pressures, and potential labor issues. - **Financial Risks:** Need for additional financing, potential impact of SEC administrative proceedings. **Financial Condition:** - **Liquidity:** Strong cash position with $10,539,828 in cash and cash equivalents as of March 31, 2025. - **Capital Resources:** Adequate working capital and cash flow from operations to meet short-term needs. **Market Position Changes:** - **Customer Concentration:** Two customers accounted for 31.9% of net revenues in FY 2025. - **Supplier Concentration:** Three vendors accounted for 34.0% of purchases in FY 2025. **Key Metrics:** - **Backlog:** $12,445,000 as of March 31, 2025, down from $18,285,600 in FY 2024 due to defense orders and commercial aerospace issues. - **Dividends:** No regular dividends expected in the foreseeable future. **Management and Governance:** - **Executive Compensation:** Significant bonuses and stock options for key executives. - **Board Composition:** Seven directors, with a mix of independent and executive members. **Stock Information:** - **Trading Volume:** Limited and volatile, with significant price fluctuations. - **Market Capitalization:** Approximately $14,835,600 based on a closing price of $9.90 per share. **Conclusion:** IEH Corporation shows strong financial performance in FY 2025 with significant revenue and net income growth. However, it faces challenges related to customer concentration, supply chain disruptions, and potential regulatory risks. The company's strategic focus on innovation and market expansion positions it well for future growth, but it must navigate operational and financial risks carefully.