{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-064772","form_type":"8-K","ticker":"JRSH","cik":"0001696558","company_name":"Jerash Holdings (US), Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.889772+00:00","generated_at":"2026-06-11T22:37:30.255305+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Jerash Q1 net income drops 71% to $495k; revenue up 3.9% to $34.7M","bullets":["Net income fell to $495k ($0.04 EPS) from $1.7M ($0.14) a year ago; gross margin slipped to 16.0% from 19.8%.","Revenue rose 3.9% YoY to $34.7M, driven by higher shipments to major U.S. customers.","Interest expense jumped to $389k from $88k due to supply chain financing programs.","Quarterly dividend of $0.05 declared, payable August 23, 2023 to holders of record August 16, 2023.","FY 2024 revenue expected flat vs FY 2023; gross margin guided at 15-16%."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-064772","json":"https://secwatch.observer/filing/0001213900-23-064772.json","markdown":"https://secwatch.observer/filing/0001213900-23-064772.md","text":"https://secwatch.observer/filing/0001213900-23-064772.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1696558/000121390023064772/0001213900-23-064772-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1696558/000121390023064772/ea183108-8k_jerashhold.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:37:30.255305+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e875f854c4a268b8e2c17d7cc6679e2aab1b4d3","claim":"Jerash Holdings (US), Inc. reported fiscal 2024 first quarter, ended June 30, 2023 results: revenue $34.7 million, net income $495,000, EPS $0.04 per share. Guidance reaffirmed.","evidence_excerpt":"and will further reduce dependency on suppliers in South East and Eastern Asia,” Choi added. Fiscal 2024 First Quarter Results Fiscal 2024 first quarter revenue advanced to $34.7 million, up 3.9 percent, from $33.4 million in the same period last year, reflecting an increase in shipments to some of the Company’s major U.S. customers. Gross profit was $5.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1696558/000121390023064772/0001213900-23-064772-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter, ended June 30, 2023"},{"label":"Revenue","value":"$34.7 million"},{"label":"Net income","value":"$495,000"},{"label":"EPS","value":"$0.04 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}