Revenue and Sales Performance - Revenue for fiscal 2025 was $145.8 million, an increase of $28.6 million or 24% compared to $117.2 million in fiscal 2024[150]. - Sales to the U.S. increased by approximately 25% during fiscal 2025, driven by higher shipments to major customers[156]. - Aggregate sales to Jordan, China, Hong Kong, Germany, and other locations increased by 18% from approximately $14.7 million in fiscal 2024 to $17.2 million in fiscal 2025[157]. Cost and Profitability - Cost of goods sold increased by approximately $23.2 million to $123.5 million in fiscal 2025, with a decrease in the percentage of revenue to 85% from 86%[158]. - Gross profit margin improved to approximately 15% in fiscal 2025, up from 14% in fiscal 2024, due to better logistics and production planning[159]. - Selling, general, and administrative expenses rose by approximately 19% to $20.9 million in fiscal 2025, primarily due to higher shipment costs and increased share-based compensation[160]. - A net loss of $0.8 million was reported in fiscal 2025, an improvement from a net loss of $2.0 million in fiscal 2024[178]. Cash Flow and Liquidity - As of March 31, 2025, cash balance was approximately $13.3 million, up from $12.4 million as of March 31, 2024[167]. - Current ratio as of March 31, 2025, was approximately 2.7 to 1, down from 3.4 to 1 as of March 31, 2024[168]. - The company participated in supply chain financing programs, allowing for early payments on approved sales invoices, enhancing liquidity[170]. - Net cash provided by operating activities decreased to approximately $1.4 million in fiscal 2025 from $2.5 million in fiscal 2024, primarily due to lower operational efficiency[176]. - Cash and restricted cash at the end of fiscal 2025 totaled $15.1 million, an increase from $14.0 million at the end of fiscal 2024[175]. Investment and Capital Expenditures - Net cash used in investing activities was approximately $2.4 million in fiscal 2025, a decrease from $5.1 million in fiscal 2024, attributed to reduced capital expenditures for dormitory construction[176]. - Capital expenditures were approximately $2.4 million in fiscal 2025, down from $5.1 million in fiscal 2024, with significant investments in plant and machinery[183]. - Projected capital expenditures for fiscal years ending March 31, 2026 and 2027 are approximately $1.3 million and $7.8 million, respectively, aimed at enhancing production capacity[185]. Accounts Receivable and Financial Guarantees - Accounts receivable decreased by $2.4 million in fiscal 2025, contrasting with an increase of $3.0 million in fiscal 2024[178]. - The company has not entered into any financial guarantees or derivative contracts that are not reflected in its consolidated financial statements[186]. Statutory Reserve - The statutory reserve remained unchanged at $414,000 as of March 31, 2025, representing 0.66% of consolidated net assets of $62.9 million[182].

JERASH HOLDINGS (US), INC. (Nasdaq: JRSH) March 2023 FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements relating to earnings expectations and future plans regarding capital expenditures, acquisitions and manufacturing capacity. The terms and phrases "commitment, " "guidance, " "expects, " "would, " "will, " "continuing, " "drive, " "believes, " "indicate, " "look forward," "grow, " ...

Jerash (US) (JRSH) Q4 2025 Earnings Call June 23, 2025 09:00 AM ET Company Participants Roger Pondel - CEOChoi (Samuel) Lin Hung - Chairman, President, CEO & TreasurerEric Tang - Head - Operations, JordanGilbert Lee - CFOMark Argento - President, Co-Founder & Head - Institutional EquitiesIgor Novgorodtsev - Principal Conference Call Participants Michael Baker - MD & Senior Research Analyst Operator Good morning, everyone. Welcome to Girash Holdings Fiscal twenty twenty five Fourth Quarter and Full Year Fina ...

Financial Data and Key Metrics Changes - Revenue for the fiscal twenty twenty five fourth quarter increased by 35.6% to $29.3 million from $21.6 million in the same quarter last year [13] - Gross profit for the fiscal twenty twenty five fourth quarter advanced nearly 250% to $5.2 million from $1.5 million in the same quarter of last year, with gross margin increasing to 17.9% from 7% [14] - Net loss was reduced to $144,000 or $0.01 per share for the fiscal twenty twenty five fourth quarter from a net loss of $3.1 million or $0.25 per share in the same period last year [16] - Revenue for the fiscal year ended March 31, 2025, reached a record high of $146 million [17] Business Line Data and Key Metrics Changes - The company is experiencing strong demand from existing customers and an increase in inquiries from new brands and large apparel manufacturers [4] - The strategic collaboration with Hanseltexa is expected to enhance margins compared to traditional contract manufacturing [9] - The company plans to terminate the joint venture with Brusena due to limited progress and focus on diversifying its customer base [6] Market Data and Key Metrics Changes - Global brands are actively seeking manufacturing alternatives out of China and Southeast Asia due to tariff uncertainties, positioning the company favorably [6] - The company is well-positioned to meet growing demand supported by Jordan's free trade agreements with the EU, UK, and Canada [6] Company Strategy and Development Direction - The company aims to diversify its direct customer base and expand its product mix to increase year-round capacity utilization and reduce revenue seasonality [6] - Expansion at the existing manufacturing facility in Arman is expected to increase production capacity by approximately 15% starting in the second fiscal quarter [11] - The company is assessing long-term expansion plans for manufacturing and warehousing facilities on previously purchased land [11] Management's Comments on Operating Environment and Future Outlook - Management noted that revenue remains affected by logistic disruptions due to geopolitical instability, particularly at Israel's Haifa Port [4] - The company expects revenue for the fiscal twenty twenty six first quarter to be approximately $38 million to $40 million, pending shipping conditions [17] - Management expressed confidence in maintaining healthy gross margins despite competitive pressures [56] Other Important Information - The Board of Directors approved a regular quarterly dividend of $0.05 per share payable on June 6, 2025 [18] Q&A Session Summary Question: Incremental costs of moving ports - The cost to transport goods to Aqaba is lower than to Haifa, with trucking costs being approximately 34-40% less [20][22] Question: Timing of orders and cancellations - There have been no order cancellations; the shifts in timing are due to congestion at Haifa [24][25] Question: Decision to dissolve the joint venture with Brusena - The joint venture was terminated due to limited progress, and the company can handle customers independently [26][27] Question: Impact of tariffs on sourcing - The urgency to find alternative suppliers has increased due to tariffs, with Jordan being a competitive option [41][42] Question: Long-term expansion plans - The company is holding off on new facilities due to geopolitical instability but will continue to explore options [48][49] Question: Concerns about geopolitical issues - Jordan is considered a safe and stable country, and customers have shown interest in visiting and working with the company [65][66] Question: Supply chain alternatives - The company has developed multiple routes for sourcing supplies and strengthened regional sourcing to mitigate past supply chain issues [70]

Revenue Performance - Record annual revenue of $145.8 million, up 24.4% from the prior year[12] - Fiscal 2025 fourth quarter revenue rose by 35.6% to $29.3 million from $21.6 million in the same quarter last year[7] - Revenue for the fiscal 2026 first quarter is expected to be approximately $38-$40 million, pending outbound shipping port conditions[6] Profitability - Gross profit for fiscal 2025 fourth quarter advanced by nearly 250% to $5.2 million, with a gross margin increase to 17.9% from 7.0%[8] - Operating income improved to $434,000 for the fiscal 2025 fourth quarter, compared to an operating loss of $3.0 million a year ago[10] - Net loss reduced to $144,000, or $0.01 per share, for the fiscal 2025 fourth quarter, down from a net loss of $3.1 million, or $0.25 per share, in the same period last year[11] - Net loss for the fiscal year ended March 2025 was $839,929, an improvement from a net loss of $2.04 million in March 2024[23] Cash and Working Capital - Cash and restricted cash totaled $15.1 million, and net working capital was $34.6 million as of March 31, 2025[15] - Net cash provided by operating activities was $1.36 million, down from $2.48 million in the previous year[23] - Cash and restricted cash at the end of the year totaled $15.06 million, compared to $14.04 million in the prior year, reflecting an increase of 7.3%[23] Assets and Liabilities - Total assets increased to $82.98 million in March 2025, up from $80.25 million in March 2024, representing a growth of 3.4%[22] - Current assets rose to $54.42 million, compared to $50.92 million in the previous year, marking an increase of 6.8%[22] - Total liabilities increased to $20.11 million in March 2025, up from $15.81 million in March 2024, a rise of 27.5%[22] Dividends and Retained Earnings - A regular quarterly dividend of $0.05 per share was approved and paid on June 6, 2025[15] - Retained earnings decreased to $38.40 million from $41.70 million, a decline of 7.6%[22] - The company made dividend payments of $2.46 million, consistent with the previous year[23] Production and Capacity - Expansion of existing manufacturing facilities completed, with a 15% increase in production capacity expected to contribute in the second fiscal quarter of 2026[4] Interest and Accounts Receivable - Cash paid for interest increased to $1.72 million from $1.20 million, representing a rise of 43%[23] - The company reported a significant increase in accounts receivable, which improved by $2.36 million compared to a decrease of $2.99 million in the previous year[23]

Revenue and Income - Revenue for the three months ended December 31, 2024, was $35,384,737, representing a 28.5% increase from $27,520,121 in the same period of 2023[10]. - Net income for the three months ended December 31, 2024, was $6,314, compared to a net income of $232,170 in the same period of 2023, showing a significant decline[10]. - The company reported a net loss attributable to common stockholders of $5,806 for the three months ended December 31, 2024, compared to a net income of $220,713 in the same period of 2023[10]. - For the nine months ended December 31, 2024, the company reported a net loss of $695,834 compared to a net income of $1,096,229 for the same period in 2023[17]. - The net income for the three months ended December 31, 2023, was $232,170, a significant increase from the previous year's net income of $220,713[15]. Expenses and Costs - Selling, general and administrative expenses for the nine months ended December 31, 2024, were $14,650,105, up from $12,318,535 in 2023, reflecting an 18.9% increase[10]. - The cost of goods sold for the three months ended December 31, 2024, was $30.0 million, representing 85% of total revenue, compared to $23.1 million, or 84% of total revenue, for the same period in 2023[136]. - Operating expenses increased by 14%, or approximately $0.6 million, to approximately $4.7 million, primarily due to higher export logistic costs[149]. - The company incurred total operating lease expenses of $561,102 for the three months ended December 31, 2024, compared to $599,622 for the same period in 2023, showing a decrease in lease costs[87]. Assets and Liabilities - Total current assets as of March 31, 2024, were $51,114,063, slightly up from $50,919,660 as of December 31, 2023[9]. - Total liabilities increased to $16,653,474 as of March 31, 2024, from $15,814,903 as of December 31, 2023[9]. - Total assets as of March 31, 2024, were $79,836,715, a slight decrease from $80,245,566 as of December 31, 2023[9]. - As of March 31, 2024, total equity stands at $64,430,663, a decrease from $68,234,234 on March 31, 2023, reflecting a decline of approximately 5.3%[13]. Cash Flow - The company experienced a significant decrease in net cash provided by operating activities, dropping to $(581,275) from $7,866,954 in the previous year[17]. - Cash and cash equivalents increased to $13,219,109 as of March 31, 2024, compared to $12,428,369 as of December 31, 2023[9]. - Net cash used in investing activities was $(1,671,833), a decrease from $(4,263,959) in the prior year, showing reduced capital expenditures[17]. - Net cash used in operating activities was approximately $581,000 for the nine months ended December 31, 2024, compared to cash provided by operating activities of approximately $7.9 million for the same period in fiscal 2024[184]. Dividends - The company maintained a dividend per share of $0.05 for both the three and nine months ended December 31, 2024, consistent with the previous year[10]. - Dividend payments for the three months ended December 31, 2024, totaled $(1,844,226), consistent with the previous year[13]. - The company declared cash dividends of $0.05 per share of common stock, totaling $614,742 for each of the three dividends paid during the nine months ended December 31, 2024[96]. Inventory and Receivables - The company's total inventories decreased from $27,241,573 as of March 31, 2024, to $19,118,133 as of December 31, 2024, primarily due to a reduction in raw materials[83]. - Accounts receivable increased from $5,451,334 as of March 31, 2024, to $7,237,959 as of December 31, 2024, reflecting a growth in revenue[82]. - The company’s accounts receivable decreased by $1,803,392 compared to a decrease of $6,044,375 in the previous year, indicating improved collection efforts[17]. Accounting and Compliance - The Company adopted ASU 2016-13 on April 1, 2023, which changes the credit loss impairment methodology to an expected loss model, but it did not have a material impact on consolidated financial statements[44]. - The company failed to maintain effective controls over period-end financial reporting, particularly regarding income taxes and account level balances reconciliation, leading to errors[207]. - Enhanced communication with U.S. GAAP advisors is being implemented to strengthen compliance with new promulgations[207]. Future Plans and Investments - The company plans to invest approximately $29.9 million to establish a new fabric facility in Jordan through its joint venture Jerash Newtech[29]. - The company projects capital expenditures of approximately $2.2 million and $8.8 million for the fiscal years ending March 31, 2025, and 2026, respectively, to enhance production capacity[196]. Customer Concentration - For the three months ended December 31, 2024, three end-customers accounted for 58%, 13%, and 10% of the company's total revenue, indicating a significant customer concentration risk[74].

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 28.6% to $35.4 million from $27.5 million in the same quarter last year, despite being impacted by approximately $6 million due to shipping delays [18][24] - Gross profit rose by 20.6% to $5.4 million, with a gross margin of 15.2%, down from 16.2% in the same quarter last year, primarily due to higher logistics costs [19][20] - Operating income increased by 88.3% to $708,000 from $376,000 in the same quarter last year [22] - Net income was $6,000, or zero per share, compared to $232,000, or $0.02 per diluted share, in the same quarter last year [24] Business Line Data and Key Metrics Changes - The company reported a significant increase in inquiries from new and existing customers looking to add manufacturing partners in tariff-free countries like Jordan [6][8] - The expansion of two existing manufacturing facilities is expected to increase processing capacity by 15% by June 2025 [10][11] Market Data and Key Metrics Changes - Export trade rules have improved since late January 2025, leading to more timely shipments [7][12] - The company is experiencing growing interest from international apparel companies, particularly from Europe and the Persian Gulf region [8][14] Company Strategy and Development Direction - Jerash Holdings aims to diversify its customer base and expand its product mix, leveraging its competitive advantage in Jordan [9][10] - The company is actively working with the Jordanian government to expand its facilities, which could add an additional 5% to 10% of production capacity by the end of 2025 [11][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business growth, with factories fully booked through August 2025 and expected revenue growth of 50% to 53% in Q4 2025 [25] - The geopolitical situation in the region has improved, which is expected to positively impact logistics and shipping costs [12][63] Other Important Information - The Board of Directors approved a regular quarterly dividend of $0.05 per share, payable on February 25, 2025 [26] - The company is considering various financing options, including debt and equity markets, to support its long-term expansion plans [78][79] Q&A Session Summary Question: Impact of tariffs on customer conversations - Management noted an increase in conversations with customers due to tariff concerns, with new orders anticipated to be limited by capacity growth [28][29] Question: Conversion rate from test orders to full production - The conversion rate from test orders to full production is high, with most customers placing bulk orders after trial orders, typically within six months [35][44] Question: Demand related to U.S. consumer and apparel inventories - Approximately 60% of customers have absorbed high inventory levels and are ready to place new orders, indicating a positive demand outlook [46][48] Question: Timing of delayed shipments and their impact on growth - Delayed shipments are expected to contribute to the anticipated growth of 50% to 53% in Q4 2025, with most unshipped products already shipped in January [51][52] Question: SG&A costs outlook - SG&A costs are expected to stabilize around the low $4 million range, influenced by sales volume [57][58] Question: Logistics improvements and gross margin impact - Improved logistics are expected to enhance gross margins, which are targeted to remain around 15% to 16% going forward [63][68] Question: Joint venture with Busana - The joint venture is progressing slowly due to regional turmoil, but there is potential for high-volume orders from high-end customers [71][75] Question: Financing for long-term expansion - The company is open to various financing opportunities, including potential debt and equity markets, to support its expansion plans [78][79]

Revenue and Income - Revenue for fiscal 2025 third quarter increased by 28.6% to $35.4 million, compared to $27.5 million in the same quarter last year[8] - Operating income increased by 88.3% to $708,000 in the fiscal 2025 third quarter, compared to $376,000 in the same quarter last year[11] - Net income for the fiscal 2025 third quarter was $6,000, or $0.00 per diluted share, compared to $232,000, or $0.02 per diluted share, in the same quarter last year[13] - Revenue for the fiscal 2025 fourth quarter is expected to increase by 50-53% from $21.6 million in the same quarter last year[7] Expenses and Losses - Gross profit for the fiscal 2025 third quarter rose by 20.6% to $5.4 million, with a gross margin of 15.2%, down from 16.2% in the same quarter last year[9] - Operating expenses for the fiscal 2025 third quarter totaled $4.7 million, up from $4.1 million in the same quarter last year[10] - Comprehensive loss attributable to common stockholders for the first nine months of fiscal 2025 was $820,000, compared to comprehensive income of $1.0 million for the same period last year[17] - Net loss for the nine months ended December 31, 2024, was $695,834, compared to a net income of $1,096,229 for the same period in 2023[30] Cash and Assets - Cash and restricted cash totaled $14.8 million, with net working capital of $34.8 million as of December 31, 2024[19] - Cash and restricted cash at the end of the period was $14,782,918, down from $21,226,414, representing a decrease of about 30.5%[30] - Total assets decreased slightly from $80,245,566 to $79,836,715, a decline of approximately 0.5%[28] Liabilities and Receivables - Total current liabilities increased from $14,779,151 to $16,309,062, an increase of about 10.3%[28] - Accounts receivable increased from $5,417,513 to $7,237,959, reflecting a rise of approximately 33.6%[28] Inventory and Cash Flow - Inventories decreased significantly by 29.8% from $27,241,573 to $19,118,133[28] - Operating cash flow turned negative with net cash used in operating activities of $581,275, compared to cash provided of $7,866,954 in the previous year[30] Tax and Interest - The effective tax rate for the fiscal 2025 third quarter was 98.6%, compared to 14.2% for the same period in fiscal 2024[12] - Cash paid for interest increased to $1,348,291 from $983,156, marking a rise of approximately 37.2%[30] Stock and Dividends - Dividend payments remained consistent at $1,844,226 for both periods[30] - The company reported a significant increase in stock-based compensation expenses, rising to $1,417,111 from $727,698, an increase of about 94.8%[30] Future Plans - The company plans to expand two existing manufacturing facilities, increasing capacity by 15%, expected to be completed by June 2025[5]

Revenue and Income - Revenue for the three months ended September 30, 2024, was $40,240,127, representing a 20.4% increase from $33,357,108 in the same period of 2023[6] - Net income attributable to Jerash Holdings (US), Inc.'s common stockholders for the three months ended September 30, 2024, was $655,288, compared to $365,617 for the same period in 2023, reflecting an increase of 79.2%[6] - Net income for the three months ended September 30, 2024, was $664,000, an increase of 80% from $369,000 for the same period in 2023[134] - For the six months ended September 30, 2024, total revenue was $81.2 million, up from $68.1 million in the same period in 2023, reflecting a growth of approximately 19%[122] - The net loss for the six months ended September 30, 2024, is $702,148, compared to a net income of $864,059 for the same period in 2023, indicating a significant shift in performance[7] Profitability Metrics - Gross profit for the six months ended September 30, 2024, was $11,697,754, compared to $10,939,571 for the same period in 2023, indicating a 6.9% increase[6] - The company reported a gross profit margin of 17.5% for the three months ended September 30, 2024, compared to 16.1% for the same period in 2023[6] - Gross profit for the three months ended September 30, 2024, was $7,057,883, compared to $5,372,031 for the same period in 2023, indicating a gross margin improvement[6] - Gross profit margin improved to 18% for the three months ended September 30, 2024, up from 16% in the same period of 2023[142] Expenses - Selling, general, and administrative expenses for the six months ended September 30, 2024, totaled $10,449,130, up from $8,475,506 in the same period of 2023, indicating a 23.2% increase[6] - Operating expenses increased by 32% to approximately $5,900,000, primarily due to higher export logistics costs[143] - Selling, general, and administrative expenses increased by 29% to $5.5 million for the three months ended September 30, 2024, compared to $4.2 million for the same period in 2023[134] Assets and Liabilities - Total current assets as of September 30, 2024, were $51,583,883, up from $50,919,660 as of March 31, 2024[5] - Total liabilities increased to $16,889,385 as of September 30, 2024, from $15,814,903 as of March 31, 2024[5] - Total assets as of September 30, 2024, were $80,347,935, slightly up from $80,245,566 as of March 31, 2024[5] - Cash balance as of September 30, 2024, was $16,338,578, an increase from $12,428,369 as of March 31, 2024[5] Equity and Retained Earnings - As of September 30, 2024, total equity for Jerash Holdings is $63,458,550, a decrease from $68,229,924 as of September 30, 2023, reflecting a decline of approximately 1.1%[7] - Retained earnings decreased to $39,784,826 as of September 30, 2024, down from $45,804,741 as of September 30, 2023, representing a decline of approximately 13.2%[7] - Total comprehensive income for the three months ended September 30, 2024, was $672,132, compared to $309,103 for the same period in 2023[6] Cash Flow - For the six months ended September 30, 2024, the net cash provided by operating activities was $2,426,620, a decrease from $8,178,880 in the same period of the previous year[15] - The cash and restricted cash at the end of the period was $17,884,035, down from $22,809,716 at the end of the previous period[15] - Net cash provided by operating activities was approximately $2.4 million for the six months ended September 30, 2024, down from approximately $8.2 million for the same period in fiscal 2024[173] Dividends - The company declared a dividend of $0.05 per share for the three months ended September 30, 2024, consistent with the same period in 2023[6] - Dividend payments remained consistent at $1,229,484 for both the six months ended September 30, 2024, and 2023[7] - The company declared cash dividends of $0.05 per share, totaling $614,742 for each of the two dividends paid during the six months ended September 30, 2024[100] Inventory and Supply Chain - Total inventories decreased to $20,206,799 as of September 30, 2024, down from $27,241,573 as of March 31, 2024, with 99.9% tied to actual sales orders[85] - The total inventories decreased to $7,034,774 from $13,942,970 year-over-year, indicating a significant reduction in stock levels[15] Foreign Currency and Tax - The company reported a foreign currency translation loss of $154,500 for the six months ended September 30, 2023, while a gain of $16,496 was recorded for the same period in 2024[7] - The Company’s income tax rate in Jordan increased to 20% effective January 1, 2024, plus a 1% social contribution[53] Other Financial Metrics - The effective tax rate for the three months ended September 30, 2024, was 13.7%, while for the six months it was (44.9%), primarily due to GILTI adjustments and foreign tax rate differentials[127] - The accumulated other comprehensive loss increased to $(475,823) as of September 30, 2024, compared to $(277,729) as of September 30, 2023[7] Strategic Initiatives - The company plans to invest approximately $29.9 million to establish a new fabric facility in Jordan through its joint venture Jerash Newtech[26] - The company has established multiple subsidiaries in Jordan and Hong Kong to expand its manufacturing and trading capabilities in the garment industry[16][17][18][19][20][21][22][23][24][25][28]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 increased by 20.6% to $40.2 million from $33.4 million in the same quarter last year [11] - Gross profit rose by 31.4% to $7.1 million from $5.4 million in the prior year [11] - Gross margin improved to 17.5% from 16.1% year-over-year and from 11.3% in the previous quarter [6][11] - Net income increased by 80.1% to $665,000 from $369,000 in the same quarter last year [13] - Operating income rose to $1.1 million from $888,000 in the same period last year [12] Business Line Data and Key Metrics Changes - The company is producing garments for over 20 brands and expanding its product mix [8] - Current annual production capacity is approximately 20 million pieces, with facilities fully booked through the first half of 2025 [9] - The company is exploring production capacity expansion to meet increasing demand [6][9] Market Data and Key Metrics Changes - Purchase orders for export shipments to customers in the U.S. and Europe have been steadily increasing [5] - The geopolitical environment has stabilized, benefiting profitability and export trade routes [5] Company Strategy and Development Direction - The company aims to attract new global brands and diversify its customer base, focusing on producing a wider selection of garments [6][9] - Plans for potential expansion of manufacturing capacity are underway to support future growth [6][9] - The company is considering building a new factory and warehouse to enhance production capabilities [20][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the order book and the potential for growth, particularly in light of geopolitical shifts and tariff changes [27][28] - The company anticipates revenue growth of 30% to 35% for the full fiscal year 2025 [14][19] - Management is closely monitoring interest expenses and exploring ways to reduce costs while increasing sales [31] Other Important Information - A regular quarterly dividend of $0.05 per share was approved, payable on November 29, 2024 [14] - The company has cash and restricted cash of $17.9 million and net working capital of $35.2 million as of September 30, 2024 [13] Q&A Session Summary Question: Revenue opportunity based on current production capacity - Management indicated that full capacity could translate to approximately $155 million to $160 million in revenue, depending on product mix [16][19] Question: Expansion plans and associated costs - The company is analyzing expansion needs and may utilize existing land for a new factory, with initial plans for a warehouse to save on rental costs [20][22] Question: Impact of U.S. tariffs on sourcing from China - Management noted that increased tariffs on China could accelerate the trend of customers seeking to diversify sourcing to Jordan [27][28] Question: Utilization of cash and interest expenses - Management is focused on reducing interest expenses while managing working capital needs through supply chain financing programs [31][32] Question: Opportunities arising from instability in Bangladesh - The company has been approached by manufacturers in Bangladesh seeking cooperation, indicating potential opportunities for business growth [34][35]