Aerospace and defense connectors and interconnects
Strategic Profile
FY 2026 revenue rose to $29.4 million (up 2.2%), while backlog increased to approximately $27.8 million as of March 31, 2026, driven by higher defense demand and recovering commercial aerospace activity. In January 2026, the SEC dismissed a Section 12(j) administrative proceeding against IEH, removing regulatory overhang. However, cost inflation in materials, tariffs and labor drove a net loss of $1.30 million in fiscal 2026 versus prior-year profit.
Cyborg Score Rationale
Order backlog nearly doubled to $27.78 million, signaling strong demand momentum in defense and commercial aerospace. The company maintains solid liquidity with $9.6 million in cash and $18.9 million in working capital. However, material cost inflation, tariffs and labor costs drove a net loss despite stable defense demand, with cost of sales rising 12% while revenue increased only 2.2%.
Top Insights
Backlog doubled to $27.8M as of March 2026, driven by higher defense demand and recovering commercial aerospace activity
SEC dismissed administrative proceeding in January 2026, removing regulatory overhang and supporting potential uplisting
Company upgraded to OTCQX Best Market in February 2026, improving trading visibility
Two customers represented 34% of FY2026 revenue, creating concentration risk
Named Competitors
SOURIAU — Aerospace and defense connectors and interconnects
Heilind Electronics — Aerospace and defense interconnect distributor
Phoenix Contact — Industrial and aerospace connectors and terminal systems
Recent Developments
(March 2026) FY 2026 revenue of $29.4M (up 2.2%), but net loss of $1.30M due to material cost inflation and tariffs
(March 2026) Order backlog reached $27.8M, nearly double prior year, driven by defense and recovering commercial aerospace