secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001213900-23-085561
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jerash Q2 FY2024 net income falls to $0.03 EPS vs $0.14 YoY; revenue down 12%
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- Revenue $33.4M vs $37.8M YoY (-11.6%); net income $369K ($0.03/diluted share) vs $1.8M ($0.14).
- Gross margin 16.1% vs 18.3% YoY; operating income $888K vs $2.6M.
- Full FY2024 revenue guidance down ~3-5%; gross margin goal 15-16%.
- Regular quarterly dividend of $0.05/share declared, payable Nov 28 to holders of record Nov 14.
- Cash $21.2M; JV with Newtech Textile expects $8-9M new orders over next 12 months from 5 committed customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390023085561/0001213900-23-085561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390023085561/ea188193-8k_jerashhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-085561

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