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]
Jerash Holdings(JRSH) - 2025 Q3 - Quarterly Results