Record $29M+ backlog and $36M FY27 outlook at IEH Corporation (OTCQX: IEHC)
Rhea-AI Filing Summary
IEH Corporation furnished an investor slide presentation after its CEO shared it in an interview with Atrium Research, triggering a Regulation FD disclosure. The slides highlight a record order backlog of over $29M, described as 19% above the prior all‑time high and more than doubled in 12 months, driven largely by defense programs.
The presentation notes recent orders tied to systems such as PATRIOT, AMRAAM, THAAD, APKWS and LTAMDS, including $500,000 of 2026 orders for the THAAD air defense system with a seven‑year U.S. Department of Defense commitment. IEH projects fiscal 2027 revenue of $36M and emphasizes market tailwinds in defense, commercial aerospace, space and medical devices, alongside efforts to counter cost pressures from gold, tariffs and healthcare.
IEH also discloses that an SEC enforcement proceeding over late filings was dismissed in January 2026 after the company became current on its reports, and its OTCQX listing was reinstated in February 2026, improving trading market visibility for its shares.
Positive
- Record backlog and growth: Order backlog exceeds $29M, 19% above the prior record and more than doubled in 12 months, indicating strong demand and multi‑year revenue visibility.
- Improved regulatory and market status: An SEC enforcement proceeding was dismissed in January 2026 after filings were brought current, and the company’s OTCQX listing was reinstated in February 2026.
- Defense program traction: New orders across key defense platforms, including a $500K THAAD order with a seven‑year U.S. DoD commitment, expand IEH’s presence in missile and radar systems.
Negative
- Rising cost pressures: The company cites significant headwinds from higher gold prices, tariffs and health insurance costs, which could pressure margins despite strong demand if mitigation efforts underperform.
Insights
Record backlog, defense wins and cleared regulatory overhang support a stronger outlook for IEH.
IEH Corporation reports an order backlog above $29M, 19% higher than its previous record and more than doubled over 12 months. This suggests robust demand, especially from defense customers using IEH’s hyperboloid connectors in systems like PATRIOT, AMRAAM and THAAD.
The slide deck indicates projected fiscal 2027 revenue of $36M, which would rank among the company’s strongest years. It also notes a seven‑year commitment from the U.S. Department of Defense tied to THAAD, pointing to multi‑year revenue visibility, subject to program execution and delivery performance.
On the risk side, IEH flags cost headwinds from gold prices, tariffs and health insurance, and it plans greater vertical integration and cost controls in response. The dismissal of the SEC enforcement proceeding in January 2026 and OTCQX relisting in February 2026 remove a regulatory overhang and may facilitate broader investor participation, though actual impact will depend on future operating results and order conversions.
8-K Event Classification
Key Figures
Key Terms
Regulation FD regulatory
forward-looking statements regulatory
hyperboloid contact technical
OTCQX Best Market market
backlog financial
precision-guided munitions technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure |
This Current Report on Form 8-K is filed by IEH Corporation, a New York corporation (the “Company”), to disclose certain information pursuant to Regulation FD (Fair Disclosure, promulgated by the Securities and Exchange Commission (“SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
On April 21, 2026, David Offerman, Chairman of the Board, President and Chief Executive Officer of the Company gave an interview to a representative of Atrium Research Corporation, an equity research firm headquartered in Toronto, Canada. In connection with the interview, Mr. Offerman provided a Slide Presentation to the representative which contained non-public, material information about the Company on the following slides: Slides 15 (IEH Revenue Fiscal 2019-2027), 17 (Cash), 18 (Backlog), 19 (Recent Defense Programs Wins) and 25 (Why IEH Now). A copy of the Slide Presentation for Atrium Research is attached hereto as Exhibit 99.1
Forward-Looking Statements
This Current Report on Form 8-K, together with the exhibit thereto, contains not only historical information, but also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Exchange Act. In addition, forward-looking statements may be made in press releases, orally, at conferences, on the Company’s website, or otherwise, by or on behalf of the Company. Statements that are not historical are forward-looking and reflect expectations for the future performance of the Company.
You should not place undue reliance on any forward-looking statement and should consider the risks and uncertainties more fully discussed elsewhere in the Company’s public filings, including under Item 1A. Risk Factors of the Company’s Form 10-K and in any subsequent SEC filings for further information about factors that could affect such forward-looking statements.
The information furnished pursuant to Item 7.01 of this Current Report, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is attached to this Current Report on Form 8-K:
| Exhibit Number | Exhibit Title or Description | |
| 99.1 | Slide Presentation for Atrium Research Interview - April 21, 2026 | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| IEHC Corporation | ||
| By: /s/Subrata Purkayastha | ||
| Name: Subrata Purkayastha | ||
| Title: Chief Financial Officer | ||
| Date: April 21, 2026 |
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Exhibit 99.1
IEH Corporation (OTCQX: IEHC) Presentation for Atrium Research April 21, 2026 Dave Offerman President, CEO www.iehcorp.com
Forward Looking Statements This presentation may contain forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or IEH`s future financial performance. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes", "expects", "anticipates", "plans", “intends” and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or IEH`s actual results to differ materially from those indicated by the forward - looking statements. For a discussion of such risks and uncertainties, see “Risk Factors” in the company’s periodic reports filed with the SEC, including our Annual Report on Form 10 - K for the fiscal year ended March 31, 2024. In light of the risks and uncertainties inherent in the forward - looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. The forward - looking statements contained in this presentation are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating any forward - looking statements.
85 Years. 4 Generations. Built to Last. • Founded 1941, New York City — publicly traded since 1954 • Hyperboloid connector licensee since the late 1960s • ~175 employees and growing; HQ Brooklyn, NY + facility Allentown, PA • Serving the defense, aerospace, space, medical and industrial markets
Hyperboloid Connectors and Contacts
What is Hyperboloid Technology
The Hyperboloid contact is an advanced design that satisfies performance requirements previously considered impossible. Unique in concept, it is used in connectors having the highest standards of performance. The distinguishing feature of the Hyperboloid socket is the hyperboloid - shaped sleeve formed by straight wires strung at an angle to the longitudinal axis. When the pin is inserted into this sleeve, the wires stretch, well within elastic limits, to accommodate it. In so doing, the wires wrap themselves around the pin providing a number of continuous line contact paths.
- Low Insertion/Extraction Forces - Impervious to Shock & Vibration - Higher Current - Carrying Capacity - Longer Life
PCB Connectors
IEH Products Power and Signal Contacts
IEH Products Custom Interconnects and Flex/Cable Assemblies
IEH Products High - Speed Connectors
IEH Products Modular Hybrid Connectors
Sector Distribution as of 3/31/26 Defense Commercial Aerospace Space Medical
Some of our Applications • Avionics Platforms • Engine Control Systems • Missiles and Torpedoes • Guidance Systems • Airborne and Ground Radars • Satellites • Rocket Launchers • Down - hole drilling equipment • Medical Devices • Industrial and Environmental Controls • Hand Held devices • Test Equipment • Fuel Management Systems • Military Radios
0 5000 10000 15000 20000 25000 30000 35000 40000 IEH Revenue Fiscal 2019 – 2027* (in thousands)
IEH Operating Income Fiscal 2019 – 2025 -8000 -6000 -4000 -2000 0 2000 4000 6000 8000 10000 2019 2020 2021 2022 2023 2024 2025
Cash 0 2000000 4000000 6000000 8000000 10000000 12000000 14000000 16000000 Account Name Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26
Backlog as of April 1, 2026 19% over it’s previous record high $0.00 $5,000,000.00 $10,000,000.00 $15,000,000.00 $20,000,000.00 $25,000,000.00 $30,000,000.00
Recent Defense Program Wins • PATRIOT Missile System $5.1M order received March 2026 — largest single order in decades; expedited delivery schedule • APKWS Precision - Guided Munition $2.4M order received in January 2026, additional $5M+ expected in Fiscal 2027 • AMRAAM Missile System $2.5M worth of orders received in 2026, additional $12M expected in next few years • PATRIOT Radar $2.9M worth of orders received in 2026 • LTAMDS Radar $2.4M worth of orders received in 2026 • THAAD Air Defense System $500K worth of orders received in 2026, 7 - year commitment from US DOD
Recent News • January 2026: SEC Enforcement Proceeding Dismissed SEC recognized IEH fully rectified its late filings; all reports current since November 2023. Matter fully closed. • February 2026: OTCQX Listing Reinstated IEH (OTCQX: IEHC) upgraded from OTCID back to OTCQX Best Market — greater liquidity, transparency and investor visibility
Cost Headwinds • Gold – Doubled in the last two years • Tariffs and Health Insurance also stressors on margins
Response • Investing in equipment to enable greater vertical integration, less reliance on outside, overseas suppliers • Larger gold volume purchases, to hedge against future increases • Tighter cost controls on inventory, SG&A • All growth in PA location
Market Tailwinds • Defense Spending at Historic Highs U.S. prioritizing equipment replenishment and readiness; demand for precision - guided munitions accelerating • Commercial Aerospace Recovery Boeing expanding 737MAX and 787 production; Airbus increasing build rates across narrowbody and widebody programs • Commercial Space Launch Ascendant Rapidly growing segment; IEH connectors qualified for high - reliability space applications • Medical Device Market Expansion Growing addressable market for high - reliability connectors in medical and industrial applications
Strategic Diversification — Beyond “Two Baskets” • Expanding further into Medical Devices High - reliability Hyperboloid connectors well - suited for demanding medical applications • Driving Growth in Commercial Space IEH already serving space launch programs; significant runway for expansion • M&A as a Growth Lever Actively exploring acquisitions to diversify product mix and accelerate market entry
Why IEH Now • Record Order Backlog: $29M+ All - time high, 19% higher than previous all - time high, more than doubled in 12 months • Revenue Recovery in Full Swing FY2025: $28.8M FY2026 projected: $29.4M — 3rd best year in company history FY2027 projected $36M • Defense Surge is Structural and Long - Term PATRIOT, AMRAAM, THAAD, APKWS, LTAMDS — all rely on IEH Hyperboloid connectors • Regulatory Overhang Fully Cleared SEC matter dismissed Jan 2026; OTCQX listing reinstated Feb 2026
Moving Forward… - Record Backlog Converting to Revenue Over 12 – 18 Months, with a pipeline to support additional 3 - 5 years of growth - Market Diversification: Medical, Industrial, Space - Lean, more Vertically - Integrated Operations with Capacity and Capital to Grow - Enhanced Investor Visibility via OTCQX Reinstatement Join us for this next Stage in our Journey!
IEHCORP.COM Thank you! Dave Offerman President, CEO www.iehcorp.com