secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001213900-22-046613
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jerash Q1 revenue up 12% to $33.4M; net income slips to $0.14 share; Q2 guide below prior year
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- Revenue of $33.4M (+11.9% YoY); gross margin 19.8% (+100 bps); net income $1.7M ($0.14/sh) vs $1.9M ($0.17/sh).
- Q2 FY2023 revenue guided at $41M-$43M vs $45.7M in prior-year Q2; FY2023 gross margin target 16%-18%.
- Quarterly dividend of $0.05/sh declared, payable Aug 24 to holders of record Aug 17.
- Cash $21.5M; net working capital $55.6M; $3M share repurchase program authorized, no shares bought as of June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390022046613/0001213900-22-046613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390022046613/ea164184-8k_jerash.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-046613

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