IEH Corporation Releases Third Quarter Financial Results

IEH Corporation has filed its Form 10-Q for the fiscal quarter ending December 31, 2024, showing a notable 41% increase in revenue to $7.2 million, compared to $5.1 million the previous year. Despite this growth, the company reported a reduced operating loss of $130,086, improved from last year's $969,189 loss. Net loss also decreased from $926,053 to $61,640 this quarter.

President and CEO Dave Offerman highlighted the improvement in financial health, citing increased cash reserves and reduced inventory. While challenges remain, such as margins affected by product mix and rising costs, the company is adjusting pricing strategies to address these issues.

IEH's outlook for various sectors including defense and commercial aerospace remains positive, despite slow industry production. The company's strategic focus includes intensifying marketing efforts and targeting new industries for its Hyperboloid products.