Loading...
Docoh

Iec Electronics (IEC)

IEC Electronics is a provider of electronic manufacturing services ('EMS') to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, and aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking. As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2015, AS9100D, ISO 13485, and is Nadcap accredited. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM.

Company profile

Ticker
IEC
Exchange
CEO
Jeffrey Schlarbaum
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
IEC Analysis & Testing Laboratory, LLC ...
IRS number
133458955

IEC stock data

Calendar

12 Aug 21
26 Jun 22
30 Sep 22
Quarter (USD) Jul 21 Apr 21 Jan 21 Sep 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
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 116K 116K 116K 116K 116K 116K
Cash burn (monthly) 91.67K (no burn) (no burn) (no burn) 1.45M 322.33K
Cash used (since last report) 1.09M n/a n/a n/a 17.12M 3.82M
Cash remaining -969.16K n/a n/a n/a -17.01M -3.7M
Runway (months of cash) -10.6 n/a n/a n/a -11.8 -11.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Oct 21 Thomas L Barbato Common Stock Dispose U No No 0 7,500 0 0
5 Oct 21 Thomas L Barbato RSU Common Stock Sale back to company Dispose D No No 0 8,812 0 0
5 Oct 21 Thomas L Barbato RSU Common Stock Sale back to company Dispose D No No 0 14,603 0 0
5 Oct 21 Thomas L Barbato RSU Common Stock Sale back to company Dispose D No No 0 21,819 0 0
5 Oct 21 Thomas L Barbato RSU Common Stock Sale back to company Dispose D No No 0 2,203 0 0
5 Oct 21 Thomas L Barbato RSU Common Stock Sale back to company Dispose D No No 0 2,921 0 0
5 Oct 21 Thomas L Barbato RSU Common Stock Sale back to company Dispose D No No 0 3,637 0 0
5 Oct 21 Thomas L Barbato Stock Option Common Stock Sale back to company Dispose D No No 9.92 100,000 992K 0
5 Oct 21 Butler Keith M Common Stock Dispose U No No 0 45,539 0 0
5 Oct 21 Schlarbaum Jeffrey T Common Stock Dispose U No No 0 92,996 0 0
13F holders Current Prev Q Change
Total holders 0 46 EXIT
Opened positions 0 18 EXIT
Closed positions 46 14 +228.6%
Increased positions 0 9 EXIT
Reduced positions 0 10 EXIT
13F shares Current Prev Q Change
Total value 0 61.11M EXIT
Total shares 0 3.79M EXIT
Total puts 0 97.4K EXIT
Total calls 0 109.7K EXIT
Total put/call ratio 0.9
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change
Beryl Capital Management 0 -729.76K EXIT
Vanguard 0 -492.08K EXIT
Punch & Associates Investment Management 0 -442.11K EXIT
Next Century Growth Investors 0 -353.02K EXIT
Dimensional Fund Advisors 0 -325.08K EXIT
Samson Rock Capital 0 -200K EXIT
MNGPF Man 0 -175.65K EXIT
Renaissance Technologies 0 -152.59K EXIT
Wilen Investment Management 0 -132.46K EXIT
Ergoteles 0 -121.96K EXIT

Financial report summary

?
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

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: abandonment, absence, acquisition, advisor, announcement, antitrust, attorney, August, authority, authorization, challenging, competing, connection, consummate, consummated, consummating, consummation, Creation, CTI, decide, decline, defending, delay, delayed, desirable, diligence, discourage, dispose, divert, diverted, employment, encourage, enjoin, entitled, extension, facilitate, faith, foregoing, fourteen, Guarantor, IA, impose, impression, injunction, key, longer, match, merger, merit, motivate, negotiate, notify, notwithstanding, occupied, ongoing, owe, ownership, Parent, past, pendency, pending, prevail, professional, prohibiting, proposal, proposed, receipt, recommendation, recommending, regulatory, repurchase, respond, responding, satisfaction, settling, Shareholder, solicit, solicitation, strategy, structured, superior, tender, thereof, timeframe, unanimously, undertaken, unsolicited, waiting, waiver
Removed: amounting, contemplating, ramping, recent, schedule, securing, sheltered, varying