Jerash Holdings reports record FY2022 revenue of $143.4M (+58.9%); Q4 net loss of $0.01/share

Jerash Holdings (US), Inc.

Full year net income rose 90.8% to $7.9M ($0.67 EPS) from $4.1M ($0.37 EPS) in FY2021.
Q4 revenue grew 30.1% to $30.9M but net loss of $130K ($0.01 loss) vs $681K profit a year ago.
Q4 gross margin fell 445 bps to 15.1% due to fewer high-margin jacket orders and higher freight costs.
FY2023 Q1 revenue guidance: $33-35M (up from $29.9M); gross margin approx. 18% including China shutdown impact.
Cash balance $25.2M, working capital $55.7M, essentially no debt; quarterly dividend $0.05 per share.

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