secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001213900-23-051850
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jerash Holdings reports Q4 net loss of $2.0M; revenue down 23.2% to $23.8M
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- Revenue $23.8M (-23.2% YoY); net loss $2.0M ($0.16/sh) vs loss $131K last year.
- Gross margin fell to 10.3% from 15.1%; operating loss $1.8M vs income $126K.
- FY2023 full-year net income $2.4M ($0.19/sh) vs $7.9M ($0.67/sh) in FY2022.
- Outlook: FY2024 revenue similar to FY2023; gross margin goal 15-16%.
- Joint venture with Busana Apparel expected to start production in H2 FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390023051850/0001213900-23-051850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390023051850/ea180958-8k_jerashhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-051850

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer