IEH files opposition to SEC motion for summary disposition; provides financial update

IEH Corp

Filed opposition to SEC motion for summary disposition to revoke registration; argues revocation unwarranted.
Expects to file 'Super-10K' aggregating past due periods in coming weeks after auditor review.
Provides expected revenue data: 12-month to Mar 2023 revenue ~$19.2M, backlog $13.5M, cash $8.2M.
Backlog up 71% since beginning of fiscal year; revenue expected to exceed initial $16-18M estimate.
Cash stabilized; company on recovery trajectory after Boeing 737Max grounding and COVID disruptions.

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