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IEC IEC Electronics

IEC Electronics Corp. provides electronic manufacturing services to technology companies that produce products for the medical, industrial, aerospace and defense sectors. It delivers technical solutions for the custom manufacturing, product configuration, and verification testing of engineered products. The company was founded by Roger E. Main in 1966 and is headquartered in Newark, NY.

Company profile

Ticker
IEC
Exchange
CEO
Jeffrey Schlarbaum
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
133458955

IEC stock data

(
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Calendar

5 May 21
14 Jun 21
30 Sep 21
Quarter (USD)
Apr 21 Jan 21 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 391K 391K 391K 391K 391K 391K
Cash burn (monthly) (positive/no burn) (positive/no burn) 58.33K (positive/no burn) 626.67K (positive/no burn)
Cash used (since last report) n/a n/a 140.28K n/a 1.51M n/a
Cash remaining n/a n/a 250.72K n/a -1.12M n/a
Runway (months of cash) n/a n/a 4.3 n/a -1.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Mar 21 Hadeed Charles P Common Stock Grant Aquire A No No 0 1,865 0 70,641
16 Mar 21 Butler Keith M Common Stock Grant Aquire A No No 0 1,865 0 58,539
16 Mar 21 Laurence Andrew M Common Stock Grant Aquire A No No 0 1,865 0 34,391
16 Mar 21 Nowak Jeremy R Common Stock Grant Aquire A No No 0 1,865 0 54,391
16 Mar 21 Osborne Michael W Common Stock Grant Aquire A No No 0 1,865 0 20,125

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

32.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 39 32 +21.9%
Opened positions 15 5 +200.0%
Closed positions 8 2 +300.0%
Increased positions 11 8 +37.5%
Reduced positions 9 8 +12.5%
13F shares
Current Prev Q Change
Total value 305.94M 49.81M +514.2%
Total shares 3.44M 3.68M -6.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Punch & Associates Investment Management 805.5K $9.7M -10.3%
Next Century Growth Investors 544.32K $6.55M -1.9%
Vanguard 525.17K $6.32M +24.9%
Renaissance Technologies 338.91K $4.08M -3.1%
Dimensional Fund Advisors 308.23K $3.71M +8.9%
Walthausen & Co. 191.24K $2.3M -3.0%
Wilen Investment Management 133.36K $1.53M -8.3%
Geode Capital Management 86.29K $1.04M +38.9%
Cobblestone Capital Advisors 76.79K $925K -5.0%
Bridgeway Capital Management 65.05K $783K +15.4%
Largest transactions
Shares Bought/sold Change
Solas Capital Management 0 -280K EXIT
Vanguard 525.17K +104.7K +24.9%
EAM Investors 0 -97.43K EXIT
Punch & Associates Investment Management 805.5K -92.4K -10.3%
Two Sigma Investments 34.97K +34.97K NEW
Dimensional Fund Advisors 308.23K +25.31K +8.9%
Geode Capital Management 86.29K +24.15K +38.9%
JB Capital Partners 22K +22K NEW
Weber Alan W 0 -22K EXIT
Qube Research & Technologies 0 -21.73K EXIT

Financial report summary

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Competition
DucommunSpartonPlexusBenchmark Electronics
Risks
  • The COVID-19 pandemic may significantly disrupt our workforce and internal operations.
Management Discussion
  • Revenue increased 16.4%, or $25.7 million, during fiscal 2020 as compared to the prior fiscal year. The increase was driven by increases in sales in the aerospace and defense sector of $14.4 million and in the medical sector of $14.1 million, partially offset by decreases in the industrial sector of $2.8 million.
  • Various increases and decreases for our aerospace and defense customers resulted in a net increase in sales of $14.4 million for fiscal 2020 compared to fiscal 2019. Programs frequently fluctuate in demand or end and are replaced by new programs. Aggregate increases in sales in fiscal 2020 due to net increases in customer demand was $7.1 million. We also experienced an increase in sales of $14.0 million from production ramp ups. However, these increases were partially offset by ending customer relationships, contracts reaching the end of their term and other customer delays, which caused a decrease in sales of $6.7 million during fiscal 2020.
  • The net increase of $14.1 million in sales in the medical sector was primarily due to programs ramping up of $17.5 million. The remaining changes were the result of net increases in customer demand of $4.0 million, partially offset by programs ending with various customers of $7.4 million.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: aforementioned, American, COMIDA, County, evidenced, half, lien, Monroe, month, mortgage, Rescue, unchanged
Removed: California, dissolved, enhance, flat, improved, NSA