---
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"
generated_at: "2026-06-11T22:37:30.255305+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jerash Q1 net income drops 71% to $495k; revenue up 3.9% to $34.7M

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-064772
- JSON: https://secwatch.observer/filing/0001213900-23-064772.json
- Plain text: https://secwatch.observer/filing/0001213900-23-064772.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2024 first quarter, ended June 30, 2023
  - Revenue: $34.7 million
  - Net income: $495,000
  - EPS: $0.04 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1696558/000121390023064772/0001213900-23-064772-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.