IEH Corp
IEHC · Electronic Connectors · 2.5M shares · +0%/yr ↑ dilution · EDGAR filings ↗
Reference price $18.00 · est. market cap ~$44M — last insider sale, 2026-03-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D48Niche micro-cap connector maker running an operating loss with cash burn, cushioned only by a very liquid balance sheet.
Strengths
- Very liquid balance sheet — current ratio 7.02 (92nd), quick ratio 4.85 (88th)
Risks
- Operating and net losses — operating margin -5.5%, net margin -4.4%, net income -229.8% (6th)
- Cash burn — FCF -$1.6M (18th), FCF margin -5.4%
- Niche, lumpy ordering cycle and small scale per risk factors — qualitative (per 10-K)
Notable findings
- Net lossNet loss (net margin -4.4%)
- Cash burnNegative free cash flow (-1.6M)
- Customer concentration~34% of revenue from one customer/distributor — During the year ended March 31, 2026, two customers accounted for 34
- Insider sellingInsider selling — 5 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
18.9%
Operating margin
-5.5%
Net margin
-4.4%
Return on equity
-5.8%
Return on assets
-4.8%
Revenue growth (QoQ)
13.8%
Net-income growth
-229.8%
Current ratio
7.0×
Free cash flow
-$2M
EBITDA
-$860K
Tangible book value
$22M
Cash & investments
$10M
Cash runway
24q
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-18 | Chafetz Gerald E. | Sell | 498 | $18.00 |
| 2026-03-18 | Chafetz Gerald E. | Sell | 2 | $18.50 |
| 2026-03-17 | Chafetz Gerald E. | Sell | 500 | $17.39 |
| 2026-03-10 | Purkayastha Subrata | Option exercise | 15K | $5.65 |
| 2026-03-10 | Purkayastha Subrata | Tax withheld | 4.5K | $19.00 |
| 2026-03-09 | Offerman Dave | Sell | 350 | $17.27 |
| 2026-03-06 | Offerman Dave | Sell | 4.7K | $16.50 |
| 2026-02-09 | Rosenfeld Michael E | Option exercise | 5.0K | $6.01 |
| 2025-06-30 | Offerman Dave | Option exercise | 46K | $6.00 |
| 2025-06-30 | Offerman Dave | Tax withheld | 29K | $9.50 |
| 2025-06-30 | Chafetz Gerald E. | Option exercise | 2.0K | $6.00 |
| 2025-06-30 | Offerman Dave | Option exercise | 46K | $6.00 |
| 2025-06-30 | Offerman Dave | Tax withheld | 29K | $9.50 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-12 | 0001174947-26-000663 ↗ |
| 10-K | 2026-06-12 | 2026-03-31 | 0001213900-26-068122 ↗ |
| 8-K | 2026-06-08 | 2026-06-04 | 0001174947-26-000648 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0002077096-26-000129 ↗ |
| 8-K | 2026-04-22 | 2026-04-21 | 0001174947-26-000500 ↗ |
| 8-K | 2026-03-26 | 2026-03-24 | 0001174947-26-000432 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001174947-26-000279 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001174947-26-000205 ↗ |
| 8-K | 2026-02-10 | 2026-02-06 | 0001174947-26-000154 ↗ |
| 10-Q | 2026-02-06 | 2025-12-31 | 0001213900-26-013266 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0001174947-26-000054 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001213900-25-108184 ↗ |