secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001213900-24-056351
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jerash Q4 net loss $3.1M ($0.25/sh); revenue down 9.3% due to Red Sea delays
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- Q4 revenue $21.6M, down from $23.8M; gross margin fell to 7.0% from 10.3% due to higher freight costs.
- Net loss of $3.1M ($0.25 per share) vs. loss of $2.0M ($0.16) in prior-year quarter.
- Full-year revenue $117.2M (down from $138.1M); net loss $2.0M vs. net income of $2.4M in FY2023.
- FY2025 Q1 revenue expected to rise 14-15% YoY; full-year revenue +15-18%; gross margin target 13-15%.
- Regular quarterly dividend of $0.05/sh declared May 21, paid June 7, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390024056351/0001213900-24-056351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390024056351/ea0208598-8k_jerash.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-056351

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