secwatch.observer — SEC 8-K summary
======================================

Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001213900-23-064772
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390023064772/0001213900-23-064772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390023064772/ea183108-8k_jerashhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-064772

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