IEH Corp

IEH Corp reported a strong first quarter for fiscal year 2026, swinging to a net income of $654,466, or $0.26 per basic share, compared to a net loss of $654,618, or $(0.27) per basic share, in the prior year's quarter. Revenue saw a substantial increase of 58.9% to $10.02 million. The company also noted a significant shift in its revenue mix, with the defense sector contributing 75.5% of total revenue, and received waivers for covenant exceptions on its credit facilities.

IEH Corp discovered a cybersecurity incident on August 4, 2026, where a threat actor gained unauthorized access to an employee's Microsoft 365 mailbox via a phishing attack. The actor accessed mailbox contents, including customer communications and potentially export-controlled technical information. While no evidence of data exfiltration or external transmission currently exists, the company is continuing its investigation and has implemented corrective actions. IEH Corp believes the incident will not have a material adverse effect on its business operations.

IEH Corporation reported its fiscal year 2026 financial results, with revenue increasing by 2.2% to $29.4 million. The company experienced an operating loss of $1.6 million and a net income loss of $1.3 million, primarily due to increased gold costs and tariff charges. Despite these challenges, IEH achieved an all-time high in backlog, driven by missile defense programs, and saw its shares more than double after the SEC dismissed administrative proceedings and the company uplisted to OTCQX.

IEH Corp reported a significant increase in its order backlog, reaching $27.78 million as of March 31, 2026, up from $12.45 million in the previous year, driven by defense orders and commercial aerospace recovery. The company, a manufacturer of Hyperboloid connectors, highlighted customer concentration risks, with two customers accounting for 34% of FY26 net revenues. Additionally, management identified a material weakness in its internal controls over financial reporting due to ineffective IT General Controls.

IEH Corp's Chairman, President, and CEO, David Offerman, presented at the Small Cap Growth Virtual Investor Conference on June 4, 2026, highlighting significant business advancements. The company reported a record order backlog exceeding $38 million, which is 65% higher than its previous record and has tripled in the past 12 months. IEH Corp projects FY2026 revenue of $29.4 million and FY2027 revenue of $36 million. The presentation also detailed recent defense program wins, including substantial orders for PATRIOT, APKWS, AMRAAM, LTAMDS, and THAAD missile systems, alongside the resolution of an SEC enforcement proceeding and the reinstatement of its OTCQX listing.

IEH Corporation announced it has received a $7.9 million order for its Hyperboloid connectors, which will support the Patriot Missile system. This significant order comes after the company secured over $5 million in additional orders in recent months. Management noted that the order backlog had already reached an all-time high, and they anticipate continued high production levels as the U.S. prioritizes defense readiness.

IEH Corporation's Chairman, President, and CEO, David Offerman, provided non-public, material information to Atrium Research Corporation during an interview on April 21, 2026. This disclosure was made via a slide presentation that included details on the company's revenue projections for Fiscal 2019-2027, current cash position, backlog, and recent defense program wins. The presentation aims to inform the equity research firm about the company's financial performance and strategic achievements.