IEH Corporation posted a strong year-over-year uptick in QQ1 2025 revenue and profits, signaling a positive turn in demand for its PCB connectors and custom interconnects. Revenue of $7.10 million rose 51.8% year over year, while gross profit reached $2.02 million for a gross margin of 28.46%. Operating income of $0.33 million and net income of $0.39 million translated into an approximate net margin of 5.53% and an EPS of $0.17 (GAAP) for the quarter. The company also generated solid operating cash flow of $1.19 million and free cash flow of $1.13 million, leaving IEHC with a strong balance sheet and a net cash position of about $4.64 million after accounting for debt (net debt negative). The liquidity metrics remain robust (current ratio ~8x, quick ratio ~4.9x, cash ratio ~2.6x), and cash at period-end stood at roughly $7.15 million.
However, management commentary is not included in the provided transcript data, and several line-item anomalies in the 1Q2025 segment data (notably an enormous “otherExpenses” and unusually high interest-related figures in some periods) warrant caution when assessing quarterly mechanics. Taken together, IEH’s QQ1 2025 results suggest improving top-line momentum and leaner cost structure, but investors should monitor working capital dynamics, any one-off charges, and the sustainability of margin expansion as the company scales.