earnings
confidence high
sentiment positive
materiality 0.65
IEH Corp files delayed Q1 and Q2 FY2024 10-Qs; revenue up 15%, losses narrow
IEH Corp
- Q1 FY2024 revenue $4.68M (+14.7% YoY); net loss $1.32M vs. $2.90M prior year.
- Q2 FY2024 revenue $4.81M (+14.7% YoY); net loss $1.10M vs. $1.45M prior year.
- Operating losses improved: Q1 loss $1.33M vs. $2.10M; Q2 loss $1.12M vs. $1.50M.
- Basic loss per share: Q1 ($0.56) vs. ($1.23); Q2 ($0.46) vs. ($0.61).
- Backlog up 28% from start of fiscal year; company now current on SEC filings.