William H. Craig
the resignation of Mr. William H. Craig as Chief Financial Officer and Treasurer of the Company
Highest-materiality recent filing
IEH reports record Q1 revenue of $10M, up 59% YoY; swings to profit
Revenue $10,021,446 vs $6,308,155 prior year, up 59% YoY; record quarterly revenue.
IEH Corp FY2026 revenue up 2.2% to $29.4M; operating loss $1.6M vs income $0.6M last year
Operating loss $1.625M vs operating income $0.575M in FY2025; net loss $1.33M vs net income $1.0M.
IEH Corporation receives $7.9M order for Hyperboloid connectors for Patriot Missile system
$7.9 million order received in last two weeks for Hyperboloid connectors supporting the Patriot Missile system.
IEH receives $5.1M order for Hyperboloid connectors in Patriot Missile program
$5.1 million order for Hyperboloid connectors to support the Patriot Missile system.
IEH Corporation announces record order backlog exceeding $23M driven by defense demand
Backlog reached all-time high >$23M, more than doubled in 12 months, up ~30% in first two months of 2026.
IEH Q3 net loss of $660K; revenue up 3.9% to $7.5M; backlog at 5-year high on missile defense
Revenue of $7,497,879, up 3.9% YoY; net loss of $660,286 vs. $61,640 loss a year ago.
SEC dismisses proceeding to revoke IEH's securities registration; company plans uplisting
SEC denied Division of Enforcement's motion for summary disposition and granted IEH's cross-motion, dismissing the proceeding.
IEH Q2 rev down 3.6%, $104k operating loss; $7M missile defense orders lift backlog
Revenue $7.08M, down 3.6% YoY; operating loss $104k vs $173k gain prior year.
IEH Q1 revenue down 11% to $6.3M; swings to $655K net loss vs $393K profit YoY
Operating loss of $755K vs operating gain of $333K in same quarter last year.
IEH Corporation reports fiscal 2025 revenue up 34% to $28.8M; net income of $999K vs loss prior year
Revenue of $28.8M, up 33.7% YoY; operating income of $574.9K vs operating loss of $3.8M prior year.
IEH Corp Q3 FY2025 revenue up 41% to $7.2M; net loss narrows to $62K
Revenue $7,217,616 (+41% YoY); net loss $61,640 vs $926,053 loss in Q3 FY2024.
IEH Corp enters employment agreement with CEO David Offerman; base salary $491,745, options grant
Base salary of $491,745 per annum; eligible for annual bonus up to 100% of base salary.
IEH posts Q2 FY2025 net profit of $246K vs year-ago loss; revenue up 53% to $7.34M
Revenue $7.34M, up 53% YoY from $4.81M; operating profit $173K vs. $(1.12M) loss.
IEH Corp Q1 net profit $393K vs $1.3M loss; EPS $0.17 vs -$0.56; revenue +52%
Revenue of $7,104,977, up 52% from $4,679,845 in prior-year quarter.
IEH reports FY2024 revenue up 12.5% to $21.5M; net loss narrows 55% to $2.9M
Revenue $21.5M (+12.5% YoY); net loss $2.9M (-55% YoY); basic loss per share $1.23 (vs $2.74).
IEH Corporation books over $5M in new orders for Hyperboloid connectors for US military programs
Booked over $5 million in new orders in past 8 weeks for Hyperboloid connectors supporting US military programs.
IEH Corp files delayed Q1 and Q2 FY2024 10-Qs; revenue up 15%, losses narrow
Q1 FY2024 revenue $4.68M (+14.7% YoY); net loss $1.32M vs. $2.90M prior year.
IEH files delinquent reports; FY2023 net loss $6.5M, revenue down 21%
FY2023 revenue $19.1M, down 21.1% from $24.3M; operating loss $5.8M vs prior loss $0.9M.
IEH Corp receives over $2M in new orders for APKWS connector program
Booked over $2 million in new orders for hyperboloid connectors supporting the US military APKWS program.
IEH Corp announces over $1M in new orders for Boeing 737Max hyperboloid connectors
Booked over $1 million in new orders for hyperboloid connectors supporting Boeing 737Max.
Errors from migration to new enterprise accounting system led to understated cost of goods sold, overstated income tax expense and net income for FY2020.
IEH CFO exits; Controller appointed interim CFO and Treasurer
William H. Craig resigned as CFO and Treasurer effective May 17, 2023; no disagreement with company.
IEH corrects revenue typo; files SEC opposition, provides expected financials
Corrected expected 12MO Dec 2020 revenue from $3.1M to $31.9M; other table data unchanged.
IEH files opposition to SEC motion for summary disposition; provides financial update
Filed opposition to SEC motion for summary disposition to revoke registration; argues revocation unwarranted.
SEC initiates administrative proceedings to potentially suspend/revoke IEH Corp's registration
SEC alleges IEH repeatedly failed to file timely periodic reports since Form 10-K for period ended March 31, 2020.
IEH Corp common stock to move to OTC Pink No Information tier on Sept 28 due to SEC rule change
Effective Sept 28, 2021, broker-dealers cannot provide quotes for IEHC common stock; trades limited to Expert market.
the resignation of Mr. William H. Craig as Chief Financial Officer and Treasurer of the Company
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.
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.
the Board elected Mr. John P. Spiezio to fill the vacancy created by the resignation of Dr. Marciano effective immediately.
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.
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.
the appointment of Ms. Purkayastha, effective immediately, to serve as Chief Financial Officer and Treasurer of the Company, on an interim basis.
Max materiality 0.90 · Median 0.65 · Most common event other_material