IEH Corp reported fiscal year ended March 31, 2026 results: revenue $29,417,600, net income $1,333,285, EPS $.53.
“For the Fiscal Year ended March 31, 2026, IEH had revenues of $29,417,600 as compared to $28,783,861 for the Fiscal Year ended March 31, 2025, reflecting a 2.2% increase; an operating loss of $1,625,634 for Fiscal Year 2026 as compared to operating income of $574,862 for Fiscal Year 2025; a net income loss of $1,333,285 as compared to net income of $999,038 for Fiscal Year 2025; and a basic loss per share of $.53 as compared to a basic earnings per share of $.42 for Fiscal Year 2025.”
Auditor Changes
IEH Corp engaged CBIZ CPAs P.C. as its auditor.
“On March 18, 2025, Marcum resigned as the Company’s independent registered public accounting firm, and CBIZ CPAs was engaged to serve as the independent registered public accounting firm for the Company for the fiscal year ending March 31, 2025, effective immediately.”
Auditor Changes
Marcum LLP resigned as auditor of IEH Corp.
“On March 18, 2025, Marcum resigned as the Company’s independent registered public accounting firm, and CBIZ CPAs was engaged to serve as the independent registered public accounting firm for the Company for the fiscal year ending March 31, 2025, effective immediately.”
William H. Craig resigned as Chief Financial Officer and Treasurer at IEH Corp.
“the resignation of Mr. William H. Craig as Chief Financial Officer and Treasurer of the Company”
Earnings Releases
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.
“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.”
Subrata Purkayastha changed role as Chief Financial Officer at IEH Corp.
“On October 26, 2023, the Company agreed to promote Subrata Purkayastha from interim Chief Financial Officer to permanent Chief Financial Officer and to execute a new employment agreement effective as of November 1, 2023.”
Brian Glenn was elected as Director at IEH Corp.
“On October 11, 2023, the Board met via conference telephone call and elected Mr. Brian Glenn to the Board of Directors to fill a newly created directorship previously authorized by the Board.”
John P. Spiezio was elected as Director at IEH Corp.
“the Board elected Mr. John P. Spiezio to fill the vacancy created by the resignation of Dr. Marciano effective immediately.”
Sonia Marciano resigned as Director at IEH Corp.
“On July 31, 2023, Dr. Sonia Marciano, a member of the Board of Directors (the “Board”) of IEH Corporation (the “Company”) notified Dave Offerman, the Chairman of the Board of Directors of her decision to resign from the Board effective immediately.”
Auditor Changes
IEH Corp reported that prior financial statements should not be relied upon.
“On January 26, 2023, the Company’s management, the Audit Committee and the Board determined that the Company’s previously audited financial statements and related disclosures for the fiscal year ended March 31, 2020 and for the period then ended should no longer be relied upon because of material errors contained in those financial statements.”
Subrata Purkayastha was appointed as Chief Financial Officer and Treasurer at IEH Corp.
“the appointment of Ms. Purkayastha, effective immediately, to serve as Chief Financial Officer and Treasurer of the Company, on an interim basis.”
William H. Craig resigned as Chief Financial Officer and Treasurer at IEH Corp.
“William H. Craig (“Mr. Craig”), who served as the Chief Financial Officer and Treasurer of IEH Corporation (the “Company”) informed Mr. Dave Offerman, the President and Chief Executive Officer of the Company, that he was resigning from his position as Chief Financial Officer and Treasurer of the Company, effective May 17, 2023.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.