Jerash Holdings(JRSH)

Search documents
Jerash Holdings(JRSH) - 2024 Q3 - Earnings Call Transcript
2024-02-09 04:32
Jerash Holdings (US), Inc. (NASDAQ:JRSH) Q3 2024 Earnings Conference Call February 8, 2024 9:00 AM ET Company Participants Roger Pondel - IR Sam Choi - Chairman and CEO Eric Tang - Executive Director Gilbert Lee - CFO Conference Call Participants Mike Baker - D.A. Davidson Mark Argento - Lake Street Todd Felte - AGES Financial Operator Greetings. Welcome to Jerash Holdings Fiscal 2024 Third Quarter Financial Results. A question-and-answer session will follow the formal presentation. Please note that this co ...
Jerash Holdings(JRSH) - 2024 Q3 - Quarterly Report
2024-02-08 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38474 Jerash Holdings (US), Inc. (Exact name of registrant as specified in its charter) Delaware 81-4701719 (State or other jurisdictio ...
Jerash Holdings(JRSH) - 2024 Q2 - Quarterly Report
2023-11-14 21:06
Part I: Financial Information [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Jerash Holdings' unaudited financial statements for Q2 and H1 FY2024 show decreased assets, revenue, and net income [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$79.1 million** by September 30, 2023, driven by a significant reduction in inventories Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2023 (Unaudited) | Mar 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $21,202 | $17,802 | | Inventories | $18,714 | $32,657 | | Total Current Assets | $50,693 | $57,284 | | Property, plant and equipment, net | $24,683 | $22,356 | | **Total Assets** | **$79,105** | **$83,719** | | **Liabilities & Equity** | | | | Accounts payable | $4,252 | $5,783 | | Total Current Liabilities | $10,211 | $14,446 | | **Total Liabilities** | **$10,875** | **$15,485** | | **Total Equity** | **$68,230** | **$68,234** | [Condensed Consolidated Statements of Income and Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20and%20Comprehensive%20Income) Revenue and net income significantly declined for both Q2 and H1 FY2024 due to lower gross margins Performance Summary (in thousands, except per share data) | Metric | Q2 2023 | Q2 2022 | Change | H1 2023 | H1 2022 | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue, net | $33,357 | $37,826 | -11.8% | $68,093 | $71,262 | -4.4% | | Gross Profit | $5,372 | $6,918 | -22.3% | $10,940 | $13,540 | -19.2% | | Income from Operations | $888 | $2,610 | -66.0% | $1,980 | $4,919 | -59.7% | | Net Income | $369 | $1,792 | -79.4% | $864 | $3,513 | -75.4% | | Basic and Diluted EPS | $0.03 | $0.14 | -78.6% | $0.07 | $0.28 | -75.0% | [Condensed Consolidated Statements of Changes in Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity) Total equity remained stable for H1 FY2024, influenced by net income, dividends, and stock-based compensation - Dividend payments of **$1,229,484** were made during the six months ended September 30, 2023[13](index=13&type=chunk) - Stock-based compensation expense for the six-month period was **$484,250**[13](index=13&type=chunk) - The company established a noncontrolling interest of **$33,281** related to its **51%** stake in the J&B joint venture[13](index=13&type=chunk)[34](index=34&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased to **$8.2 million** for H1 FY2024, with significant cash used in investing and financing Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended Sep 30, 2023 | Six Months Ended Sep 30, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $8,179 | $9,638 | | Net cash used in investing activities | ($3,459) | ($10,451) | | Net cash used in financing activities | ($1,198) | ($985) | | **Net increase (decrease) in cash** | **$3,398** | **($2,132)** | - A significant source of cash from operations was a **$13.9 million** decrease in inventories[19](index=19&type=chunk) - Investing activities included **$3.2 million** for purchases and construction of property, plant, and equipment[19](index=19&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail company structure, customer concentration, geopolitical risks, and subsequent events like a new joint venture - The company is primarily engaged in manufacturing and exporting customized sportswear and outerwear from its facilities in Jordan[31](index=31&type=chunk) - For the six months ended September 30, 2023, two customers accounted for **69%** and **13%** of total revenue, respectively[72](index=72&type=chunk) - The company has a contingency plan to relocate production to alternate regions if its shipping ports in Aqaba and Haifa are impacted by regional conflict[75](index=75&type=chunk) - On October 10, 2023, the company's subsidiary Treasure Success entered into an agreement to form a new joint venture, Jerash Newtech, to establish a fabric facility in Jordan with a forecasted capital expenditure of approximately **$29.9 million**[127](index=127&type=chunk) - On November 3, 2023, the Board of Directors approved a dividend of **$0.05** per share[126](index=126&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses revenue decline, gross margin contraction, strong liquidity, and capital expenditures for expansion [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Revenue decreased by **4%** for H1 FY2024, driven by lower U.S. sales and a **3-point** decline in gross profit margin Revenue by Customer (Six Months Ended Sep 30, in thousands) | Customer | 2023 Sales | % of Total | 2022 Sales | % of Total | | :--- | :--- | :--- | :--- | :--- | | VF Corporation | $47,183 | 69% | $46,359 | 65% | | New Balance | $8,680 | 13% | $11,478 | 16% | | G-III | $4,715 | 7% | $3,952 | 6% | Revenue by Geographic Area (Six Months Ended Sep 30, in thousands) | Region | 2023 Sales | % of Total | 2022 Sales | % of Total | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | United States | $61,887 | 91% | $66,508 | 93% | -7% | | Hong Kong | $2,556 | 4% | $742 | 1% | +244% | | Germany | $1,290 | 2% | $0 | 0% | N/A | | Jordan | $625 | 1% | $2,756 | 4% | -77% | - The decrease in gross profit margin from **19%** to **16%** for the six-month period was primarily driven by a shift in customer mix with more orders that generate lower profit margin[165](index=165&type=chunk) [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$21.2 million** cash, pursuing new credit facilities, and investing in expansion - The company had cash of **$21.2 million** and net working capital of **$40.5 million** as of September 30, 2023[172](index=172&type=chunk)[175](index=175&type=chunk) - The company is finalizing a **$10 million** credit facility with Capital Bank of Jordan, which was not yet effective as of the report date[179](index=179&type=chunk) - Capital expenditures for the six months ended September 30, 2023, were approximately **$3.5 million**, mainly for the construction of a dormitory and factory expansion[189](index=189&type=chunk) - A new employee dormitory, costing approximately **$8.8 million**, is expected to be completed and ready for use by the end of 2023[192](index=192&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Jerash Holdings is exempt from providing quantitative and qualitative market risk disclosures - The company is a smaller reporting company and is not required to provide information for this item[199](index=199&type=chunk) [Item 4. Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were ineffective due to material weaknesses, with ongoing remediation efforts - The CEO and CFO concluded that disclosure controls and procedures were ineffective as of September 30, 2023[202](index=202&type=chunk) - Material weaknesses were identified in controls over period-end financial reporting (income taxes, account reconciliation) and IT general controls (user access)[206](index=206&type=chunk) - Remediation efforts are underway but require validation over a sustained period; financial statements are believed to be fairly presented despite weaknesses[203](index=203&type=chunk)[204](index=204&type=chunk) Part II: Other Information [Item 1. Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any material legal proceedings - The company reports no current material legal proceedings[208](index=208&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, Jerash Holdings is exempt from providing detailed risk factor disclosures - As a smaller reporting company, this item is not required[209](index=209&type=chunk) [Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) No unregistered sales of equity securities, use of proceeds, or issuer purchases were reported for the period - None reported for the period[210](index=210&type=chunk) [Item 6. Exhibits](index=38&type=section&id=Item%206.%20Exhibits) The report includes standard officer certifications, XBRL data, and a Shareholders' Agreement for a new joint venture - Exhibits filed include CEO/CFO certifications under SOX 302 and 906, and Inline XBRL documents[217](index=217&type=chunk) - A Shareholders' Agreement with Newtech Textile (HK) Limited, dated October 10, 2023, was incorporated by reference[217](index=217&type=chunk)
Jerash Holdings(JRSH) - 2024 Q2 - Earnings Call Transcript
2023-11-13 22:25
Financial Data and Key Metrics Changes - Revenue for the fiscal 2024 second quarter was $33.4 million, down from $37.8 million in the same period last year, primarily due to fewer shipments to major US customers [7] - Net income decreased to $369,000 or $0.03 per share, compared to $1.8 million or $0.14 per diluted share in the same period last year [8] - Gross profit was $5.4 million with a gross margin of 16.1%, down from $6.9 million and 18.3% respectively, driven by a shift in customer mix towards lower profit margin orders [38] - Operating income totaled $888,000, down from $2.6 million in the same period last year [38] - Net cash provided by operating activities was approximately $8.2 million for the six months ended September 30, 2023, compared to $9.6 million for the same period last year [39] Business Line Data and Key Metrics Changes - The joint venture with Busana is projected to generate about $8 million to $9 million in new orders over the next 12 months, with significant contributions expected starting in the fiscal fourth quarter [2][12] - Timberland has significantly increased its orders, becoming the second largest brand for the company, while the first European-based high-end apparel brand is also expected to double orders in the second half of fiscal 2024 [13][36] Market Data and Key Metrics Changes - The retail market conditions in the US and Europe have been slow to recover, impacting the company's business compared to the prior year [12] - Orders from existing customers are shifting towards lower-margin products, affecting overall revenue and margins [20][21] Company Strategy and Development Direction - The company is focusing on vertical integration and sustainable textile solutions, positioning itself as a leader in ESG textile manufacturing [3][6] - Plans to build a state-of-the-art fabric facility in Jordan are set to begin construction in 2024, with an estimated capital expenditure of $25 million to $30 million [3][22] - The company aims to maintain its workforce by accepting lower-margin orders to keep production capacity intact for when higher-margin orders return [50] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending in the US remains weak, affecting order volumes and product mix [20][21] - The company is taking a conservative approach to revenue guidance for fiscal 2024, projecting a decline of about 3% to 5% from the previous fiscal year [39] - Management expressed optimism about future growth driven by the Busana joint venture and the potential for higher-margin orders [59] Other Important Information - The company maintains a strong balance sheet with $22.8 million in cash and restricted cash, and net working capital of $40.5 million as of September 30, 2023 [8] - A quarterly dividend of $0.05 per share was approved by the Board of Directors, payable on November 28, 2023 [19] Q&A Session Summary Question: What are you hearing from your big customers in the US regarding consumer spending and holiday outlook? - Management indicated that the slow recovery of the consumer market is primarily causing results to be less than expected, with orders shifting towards lower-margin products [20][21] Question: Can you provide details on the new joint venture for textiles, including construction timelines and funding? - Construction is expected to begin in calendar year 2024, with total projected capital expenditures of $25 million to $30 million, funded proportionally by the joint venture partners [22][23] Question: What is the expected revenue from the Busana partnership in Q4? - Management projected a few million in orders from Busana in Q4, with total expected revenue from the partnership being $8 million to $9 million over the next 12 months [27][47] Question: How is the company managing production capacity and staffing? - The company is fully booked through the end of the fiscal year and is maintaining production staff by accepting lower-margin orders to ensure capacity for future higher-margin orders [49][50]
Jerash Holdings(JRSH) - 2024 Q1 - Quarterly Report
2023-08-10 20:06
[Part I - Financial Information](index=3&type=section&id=Part%20I%20Financial%20Information) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The financial statements for Q2 2023 show slight revenue growth, a significant profit decline due to higher costs, and positive operating cash flow with continued capital investments [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2023, total assets slightly decreased to **$82.4 million** due to reduced inventories, while total liabilities also decreased, and total equity remained stable at **$68.3 million** Condensed Consolidated Balance Sheet Highlights (Unaudited) | Balance Sheet Item | June 30, 2023 ($) | March 31, 2023 ($) | | :--- | :--- | :--- | | **Total Current Assets** | 54,800,520 | 57,284,226 | | Inventories | 23,800,407 | 32,656,833 | | **Total Assets** | **82,366,916** | **83,719,333** | | **Total Current Liabilities** | 13,337,565 | 14,446,442 | | **Total Liabilities** | **14,074,801** | **15,485,099** | | **Total Equity** | **68,292,115** | **68,234,234** [Condensed Consolidated Statements of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) For Q2 2023, revenue grew **3.9%** to **$34.7 million**, but a **9%** rise in COGS led to a **15.9%** gross profit decrease and a **71.2%** drop in net income to **$0.5 million** Q1 FY2024 vs Q1 FY2023 Performance (Unaudited) | Metric | Three Months Ended June 30, 2023 ($) | Three Months Ended June 30, 2022 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue, net | 34,735,657 | 33,436,561 | +3.9% | | Gross Profit | 5,567,540 | 6,622,367 | -15.9% | | Income from Operations | 1,091,820 | 2,308,847 | -52.7% | | Net Income Attributable to Common Stockholders | 496,526 | 1,721,382 | -71.2% | | Basic and Diluted EPS | 0.04 | 0.14 | -71.4% | - The company maintained its quarterly dividend at **$0.05 per share**, consistent with the prior year's quarter[12](index=12&type=chunk) [Condensed Consolidated Statements of Changes in Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity) Total equity slightly increased from **$68.23 million** to **$68.29 million**, driven by net income and stock-based compensation, partially offset by dividends and foreign currency translation losses - A cash dividend of **$614,742** was paid during the three months ended June 30, 2023[15](index=15&type=chunk) - Stock-based compensation expense for the quarter amounted to **$240,802**[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations significantly improved to **$24,772**, while investing activities used **$1.8 million** for construction, and financing provided **$2.5 million**, resulting in a net cash increase of **$0.66 million** Summary of Cash Flows (Unaudited) | Cash Flow Activity | Three Months Ended June 30, 2023 ($) | Three Months Ended June 30, 2022 ($) | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | 24,772 | (472,736) | | Net cash used in investing activities | (1,772,721) | (3,380,712) | | Net cash provided by financing activities | 2,502,595 | 213,164 | | **Net Increase (Decrease) in Cash** | **659,630** | **(3,758,136)** | - The positive operating cash flow was primarily driven by an **$8.9 million** decrease in inventories, which offset a **$4.2 million** increase in accounts receivable[17](index=17&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section details company structure, accounting policies, and financial items, noting significant customer concentration, ongoing dormitory construction, new credit facilities, and post-quarter events including a dividend and a potential new fabric facility - The company is highly dependent on a few major customers, with two customers accounting for **66%** and **21%** of total revenue for the three months ended June 30, 2023[70](index=70&type=chunk) - The company is constructing an employee dormitory in Jordan, expected to cost **$8.8 million** and be completed by the end of 2023, with approximately **$7.4 million** spent through June 30, 2023[85](index=85&type=chunk) - On August 4, 2023, the Board of Directors approved a dividend of **$0.05 per share**, and on July 12, 2023, the company entered into a non-binding MOU for the possible establishment of a fabric facility in Jordan[119](index=119&type=chunk)[120](index=120&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes **4%** revenue growth to increased U.S. shipments, but a less favorable product mix caused gross margin to decline to **16%** and net income to drop **71%**, while liquidity remains strong with **$18.5 million** cash and **$41.5 million** working capital, supporting ongoing capital expenditures [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Revenue increased **4%** to **$34.7 million**, but COGS rose **9%**, contracting gross margin to **16%** and causing net income to decline to **$0.5 million**, with VF Corporation and New Balance remaining key customers Sales by Major Customer (in thousands) | Customer | Q1 FY2024 Sales ($) | % of Total | Q1 FY2023 Sales ($) | % of Total | | :--- | :--- | :--- | :--- | :--- | | VF Corporation | 22,780 | 66% | 22,067 | 66% | | New Balance | 7,292 | 21% | 7,597 | 23% | | G-III | 2,182 | 6% | 1,470 | 4% | | Others | 2,482 | 7% | 2,303 | 7% | | **Total** | **34,736** | **100%** | **33,437** | **100%** | - The decrease in gross profit margin from **20%** to **16%** was primarily driven by a shift in product mix towards orders that generate lower profit margins[139](index=139&type=chunk) - Net income decreased by **71%** to **$0.5 million**, mainly due to the lower gross margin and increases in SG&A and interest expenses[143](index=143&type=chunk) [Liquidity and Capital Resources](index=26&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2023, the company maintained strong liquidity with **$18.5 million** cash and **$41.5 million** working capital, utilizing existing credit facilities and securing a new **$10 million** facility, with management confident in sufficient funds for the next 12 months - The company had cash of approximately **$18.5 million** and working capital of **$41.5 million** as of June 30, 2023[145](index=145&type=chunk)[148](index=148&type=chunk) - The company had approximately **$3.1 million** outstanding under its **$5.0 million** DBSHK credit facility as of June 30, 2023[152](index=152&type=chunk) - A new **$10 million** credit facility with Capital Bank of Jordan was entered into on June 1, 2023, but is not yet effective[153](index=153&type=chunk) [Capital Expenditures](index=29&type=section&id=Capital%20Expenditures) Capital expenditures for the quarter were **$1.8 million**, primarily for an employee dormitory nearing completion at an **$8.8 million** total cost, with projected expenditures of **$2.6 million** for FY2024 and **$8.5 million** for FY2025 to enhance production capacity - Capital expenditures for the quarter were approximately **$1.8 million**, mainly for the construction of a dormitory and factory expansion[163](index=163&type=chunk) - The employee dormitory is expected to be completed by the end of 2023[166](index=166&type=chunk) - Projected capital expenditures are approximately **$2.6 million** for fiscal 2024 and **$8.5 million** for fiscal 2025[167](index=167&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=30&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Jerash Holdings is exempt from providing disclosures on market risk - The company is exempt from this disclosure requirement due to its status as a smaller reporting company[172](index=172&type=chunk) [Item 4. Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were ineffective as of June 30, 2023, due to identified material weaknesses in financial reporting and IT general controls, with ongoing remediation efforts - The CEO and CFO concluded that disclosure controls and procedures were ineffective as of June 30, 2023[174](index=174&type=chunk) - Material weaknesses were identified in controls over period-end financial reporting, specifically income taxes and account reconciliations, and IT general controls, particularly user access[178](index=178&type=chunk) - Remediation efforts are underway, including improving account reconciliation, consulting with tax professionals, and implementing better password controls[175](index=175&type=chunk) [Part II - Other Information](index=31&type=section&id=Part%20II%20Other%20Information) [Item 1. Legal Proceedings](index=31&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any material legal proceedings - As of the report date, there are no material legal proceedings involving the company[180](index=180&type=chunk) [Item 1A. Risk Factors](index=31&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, Jerash Holdings is exempt from providing disclosures on risk factors - The company is exempt from this disclosure requirement due to its status as a smaller reporting company[181](index=181&type=chunk) [Item 5. Other Information](index=31&type=section&id=Item%205.%20Other%20Information) On July 12, 2023, the company's subsidiary entered a non-binding MOU with Newtech Textile (HK) Limited for a potential fabric facility in Jordan - A non-binding MOU was signed with Newtech Textile (HK) Limited on July 12, 2023, to explore setting up a fabric facility in Jordan[184](index=184&type=chunk) [Item 6. Exhibits](index=32&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the quarterly report, including officer certifications and Inline XBRL data files
Jerash Holdings(JRSH) - 2023 Q4 - Annual Report
2023-06-28 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38474 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 | | | Name of each exchange on which | | --- | --- | --- | | Title of each class | Trading Symbol(s) | registered | | Common Stock ...
Jerash Holdings(JRSH) - 2023 Q3 - Quarterly Report
2023-02-13 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38474 Jerash Holdings (US), Inc. (Exact name of registrant as specified in its charter) Delaware 81-4701719 (State or other jurisdictio ...
Jerash Holdings(JRSH) - 2023 Q3 - Earnings Call Transcript
2023-02-13 16:26
Jerash Holdings (US) Inc. (NASDAQ:JRSH) Q3 2023 Earnings Conference Call February 13, 2023 9:00 AM ET Company Participants Sam Choi - Chairman, Chief Executive Officer, President Gilbert Lee - Chief Financial Officer Eric Tang - Executive Director Roger Pondel - Investor Relations Conference Call Participants Mike Baker - DA Davidson Mark Argento - Lake Street Capital Aaron Grey - Alliance Global Partners Rommel Dionisio - Aegis Capital Operator Greetings. Welcome to Jerash Holdings’ fiscal 2023 third quart ...
Jerash Holdings(JRSH) - 2023 Q2 - Quarterly Report
2022-11-14 21:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38474 Jerash Holdings (US), Inc. (Exact name of registrant as specified in its charter) Delaware 81-4701719 (State or other jurisdicti ...
Jerash Holdings(JRSH) - 2023 Q2 - Earnings Call Transcript
2022-11-13 17:01
Jerash Holdings (US), Inc. (NASDAQ:JRSH) Q2 2023 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Roger Pondel - Investor Relations Sam Choi - Chairman and Chief Executive Officer Gilbert Lee - Chief Financial Officer Eric Tang - Chief Operating Officer Conference Call Participants Michael Baker - D.A. Davidson Mark Argento - Lake Street Aaron Grey - Alliance Global Partners Rommel Dionisio - Aegis Capital Operator Good morning, ladies and gentlemen, and welcome to the Jerash Holdi ...