secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001213900-24-067917
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jerash Q1 FY2025 revenue up 18% to $40.9M, but net loss of $1.4M due to Red Sea shipping disruptions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390024067917/0001213900-24-067917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390024067917/ea0211044-8k_jerash.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-067917

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