IEH reports FY2024 revenue up 12.5% to $21.5M; net loss narrows 55% to $2.9M

IEH Corp

Revenue $21.5M (+12.5% YoY); net loss $2.9M (-55% YoY); basic loss per share $1.23 (vs $2.74).
Operating loss narrowed to $3.8M from $5.8M, a 35% decrease.
Q4 revenue $6.926M (+30% YoY); Q4 gross profit nearly tripled to $1.3M.
Q4 operating loss fell 67% to ~$425K from $1.3M YoY.
Backlog up 29% from April 2023; management cites positive defense and aerospace trends.

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