earnings
confidence high
sentiment negative
materiality 0.70
Jerash Q1 FY2025 revenue up 18% to $40.9M, but net loss of $1.4M due to Red Sea shipping disruptions
Jerash Holdings (US), Inc.
2025-Q1 EPS
reported -$0.11
vs consensus $0.01
▼ miss
(-1178.4%)
- Revenue $40.9M (+17.8% YoY); net loss $1.4M ($0.11 loss/share) vs net income $495K ($0.04 EPS) last year.
- Gross margin fell to 11.3% from 16.0% due to ~440 bps negative impact from Red Sea shipping crisis and related costs.
- Operating loss $829K vs operating income $1.1M in prior year; higher expenses from overtime, stock comp, and sampling.
- Guidance: Q2 revenue growth 11-13%, full-year growth 20-25%; gross margin target 12-14% for FY2025.
- Board approved $0.05 quarterly dividend payable Aug 23, 2024 to holders of record Aug 16, 2024.