$IEHC β IEH Corp doubled its backlog to $27.78 million for the fiscal year ending March 31, 2026. This is a substantial gain, pointing to strong future revenue potential from defense and commercial aerospace orders. This reported figure builds on the *already flagged* record $38M backlog we saw announced just days prior in an 8-K, which projected robust $36M revenue for FY2027. We caught this momentum early.
Despite the strong order book, the company shifted to a net loss of $1.30 million, alongside negative operating cash flow of $631,130 for the year. This reflects increased raw material and labor costs outpacing modest revenue growth. We peeled this trend; the last 10-Q already signaled a widening net loss. The material weakness in internal controls also persists, flagged previously, and remains a governance concern. A recent waiver of a debt covenant breach points to financial tightness, though it prevents immediate default.
On a positive note, the SEC administrative proceeding was formally dismissed, resolving a long-standing legal overhang. Going forward, traders should monitor going concern language, debt covenant compliance, and any future share count changes or guidance updates.
Headlines are late. Filings aren't.
Source & full breakdown: Wiseek (link in bio)