IEH Corp Q3 FY2024 revenue down 8.4% YoY; net loss widens to $0.93M

IEH Corp

2024-Q3 EPS reported -$1.41 revenue$14,598,590

Revenue fell 8.4% to $5.11M; operating loss $969K vs $857K; net loss $926K vs $838K.
Basic loss per share $0.39 vs $0.35 for Q3 FY2023.
Nine-month revenue up 5.5% to $14.6M; net loss narrowed to $3.34M from $5.19M.
CEO attributes Q3 decline to delivery delays; expects revenue to be recorded in Q4; backlog strong.
Company reapplied to OTC Market Group seeking resumption of trading on Marketplace.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IEH Corp reported fiscal quarter ended December 31, 2023 results: revenue $5,107,757, net income net loss of $926,053, EPS $.39 basic loss per share.

Period: fiscal quarter ended December 31, 2023
Revenue: $5,107,757
Net income: net loss of $926,053
EPS: $.39 basic loss per share
Result: reported results

Exact text from the filing

For the quarter ended December 31, 2023, IEH had revenues of $5,107,757 as compared to $5,571,291 for the quarter ended December 31, 2022 reflecting a 8.4% decrease; an operating loss of $969,189 for 3 rd quarter fiscal year 2024 as compared to an operating loss of $857,347 for 3 rd quarter fiscal year 2023; a net loss of $926,053 for 3 rd quarter fiscal year 2024 as compared to a net loss of $838,401 for 3 rd quarter fiscal year 2023; and a basic loss per share of $.39 for 3 rd quarter fiscal year 2024 as compared to a basic loss per share of $.35 for 3 rd quarter fiscal year 2023.

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Source: SEC EDGAR

accession 0001174947-24-000220

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