IEH Corp opens Allentown plant, updates on SEC filings and revenue down 25-30%

IEH Corp

Opened 29,000 sq ft manufacturing facility in Allentown, PA to boost capacity and reduce per-unit costs for defense and aerospace markets.
Progress on getting current on SEC filings; missed prior Dec 31, 2021 deadline but working with auditors.
Revenue tracking 25-30% below Fiscal 2021 levels due to slow recovery in commercial aerospace from COVID-19.
Balance sheet strong with over $12M cash as of 12/31/21 despite facility investment.

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