regulatory
confidence high
sentiment negative
materiality 0.75
IEH corrects revenue typo; files SEC opposition, provides expected financials
IEH Corp
- Corrected expected 12MO Dec 2020 revenue from $3.1M to $31.9M; other table data unchanged.
- Filed opposition brief to SEC Division Enforcement's Motion for Summary Disposition on March 15, 2023.
- Expects to file 'Super-10K' in coming weeks; nearly completed inventory accounting reconciliation.
- Expected revenue for 12MO Mar 2023: $19.2M; backlog rose 71% YTD to $13.5M.
- Cash stable at $8.2M; company cites recovery from Boeing 737MAX grounding and COVID disruptions.