Fri, Jun 14, 8:26 PM (85 days ago)
**IEH Corporation Financial Summary for Fiscal Year Ended March 31, 2024** **Financial Performance:** - **Revenue:** Increased by 12.5% to $21,524,544 from $19,136,890 in FY 2023, driven by higher orders from defense and commercial aerospace sectors. - **Net Loss:** Reduced to $2,916,902 from $6,502,924 in FY 2023, primarily due to increased revenue and effective cost management. - **Operating Expenses:** Slight increase to $25,285,431 from $24,949,702 in FY 2023. - **Earnings per Share:** Basic and diluted loss per share improved to $1.23 from $2.74. **Key Financial Metrics:** - **Cost of Products Sold:** Decreased marginally to $18,257,621. - **Selling, General, and Administrative Expenses:** Increased to $6,156,191, mainly due to stock-compensation and consulting fees. - **Depreciation and Amortization:** Decreased to $871,619. - **Interest Income (Net):** Increased to $126,694. **Strategic Overview:** - **Product Development:** Continued expansion in PCB connector offerings and introduction of high-speed and hybrid power/signal connectors. - **Market Focus:** Strong emphasis on defense, commercial aerospace, and medical sectors. - **Geographic Expansion:** International sales accounted for 8.5% of total revenue. **Future Outlook:** - **Backlog:** Increased to $18,285,600 from $13,724,000, indicating strong future demand, particularly in the defense sector. - **Inflation Impact:** Expected to continue affecting operational costs. **Risk Factors:** - **Supply Chain Disruptions:** Ongoing global issues may impact raw material availability and costs. - **Regulatory and Economic Conditions:** Potential changes in defense spending and geopolitical tensions could affect future performance. **Financial Condition:** - **Cash Position:** Ended FY 2024 with $6,139,823 in cash. - **Working Capital:** Stood at $18,295,711, indicating solid liquidity to support ongoing operations and growth initiatives. **Market Position:** - **Leadership in Hyperboloid Connectors:** Maintains strong market presence with a focus on high-reliability connectors for demanding environments.