IEH files delinquent reports; FY2023 net loss $6.5M, revenue down 21%

IEH Corp

2024-Q2 EPS reported -$1.02 revenue$9,490,833

FY2023 revenue $19.1M, down 21.1% from $24.3M; operating loss $5.8M vs prior loss $0.9M.
Net loss $6.5M ($2.74 loss per share) vs prior net income $1.4M ($0.61 gain per share).
Backlog up 28% from start of FY2024, highest since end of 2020; company cites recovery in commercial aerospace and defense.
CEO expects Q1 and Q2 FY2024 to show substantial improvement over prior year.

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