IEH Corporation reported a revenue of $6.3 million for the three months ending June 30, 2025, marking an 11.2% decrease from $7.1 million in the same period last year. The decline in revenue was primarily attributed to a 28% drop in defense-related sales, which the company linked to changes in customer delivery schedules. In contrast, commercial aerospace revenues saw a significant increase of 61%, driven by a recovery in the aviation sector and a rise in aircraft production by a major manufacturer.
The company's cost of products sold rose to $5.2 million, up 5.8% from $4.9 million a year earlier, largely due to lower order volumes and increased material costs, particularly for gold. Total operating expenses increased to $7.1 million from $6.8 million, resulting in an operating loss of $755,306 compared to an operating income of $332,979 in the prior year. The net loss for the quarter was $654,618, translating to a loss per share of $0.27, a stark contrast to the net income of $392,787, or $0.17 per share, reported in the same quarter of 2024.
In terms of operational metrics, the company’s backlog of orders decreased to approximately $13 million as of June 30, 2025, down from $17.3 million a year prior. This backlog is expected to be fulfilled over the next 12 to 18 months, depending on customer requirements and product availability. The company also reported a slight increase in its employee headcount, with 2,431,278 shares issued and outstanding as of June 30, 2025, compared to 2,388,251 shares at the end of the previous fiscal period.
Looking ahead, IEH Corporation anticipates that existing cash reserves, along with cash generated from operations, will be sufficient to meet its liquidity needs for the fiscal year 2026 and into 2027. However, the company acknowledged potential challenges, including inflationary pressures, geopolitical conflicts, and economic uncertainties that could impact its operations and access to capital. Management is actively monitoring these factors and is prepared to seek additional financing if necessary to support growth and respond to market dynamics.
About IEH Corp
IEH Corporation designs and manufactures high-reliability Hyperboloid connectors for defense, aerospace, medical, industrial, and space applications. Serving global markets, it provides custom interconnect solutions that meet demanding standards, leveraging specialized engineering, skilled labor, and capital equipment. The company focuses on niche, high-value products, targeting OEMs and defense contractors, with a competitive edge in innovative, rugged interconnect technology.
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