Jerash Holdings(JRSH) - 2026 Q3 - Quarterly Results

Revenue and Income - Revenue for the fiscal 2026 third quarter increased by 18.0% to $41.8 million, up from $35.4 million in the same quarter last year[7] - Net income rose to $1.2 million, or $0.09 per diluted share, compared to $6,000, or $0.00 per diluted share, in the same quarter last year[12] - Net income for the nine months ended December 31, 2025, was $1,959,393, a significant improvement from a net loss of $695,834 in the same period of 2024[24] Gross Margin and Operating Income - Gross margin improved by 170 basis points to 16.9%, compared to 15.2% in the prior year quarter[7] - Operating income nearly tripled to $1.9 million, from $708,000 in the same quarter last year[7] Future Revenue Expectations - Revenue for the fiscal 2026 fourth quarter is expected to increase by 23% to 26% over $29.3 million in the prior-year quarter[7] Expenses and Cash Flow - Operating expenses totaled $5.1 million in the fiscal 2026 third quarter, compared to $4.7 million in the same quarter last year[10] - The company reported a net cash used in operating activities of $3,491,495 for the nine months ended December 31, 2025, compared to $581,275 in the same period of 2024[24] Assets and Liabilities - Cash and restricted cash totaled $13.2 million, and net working capital was $36.4 million as of December 31, 2025[17] - Total current assets increased to $56,769,635 as of December 31, 2025, compared to $54,420,209 on March 31, 2025, reflecting a growth of 4.3%[23] - Accounts receivable increased to $7,831,553 as of December 31, 2025, compared to $3,076,074 on March 31, 2025, indicating a rise of 154%[23] - Total liabilities rose to $20,563,722 as of December 31, 2025, up from $20,106,417 on March 31, 2025, marking an increase of 2.3%[23] - Total equity increased to $63,651,208 as of December 31, 2025, from $62,869,109 on March 31, 2025, reflecting a growth of 1.2%[23] Dividend Information - A regular quarterly dividend of $0.05 per share was approved, payable on February 20, 2026[17] - The company made dividend payments totaling $1,904,991 during the nine months ended December 31, 2025, compared to $1,844,226 in the same period of 2024[24] Depreciation and Interest - The company incurred depreciation expenses of $2,274,388 for the nine months ended December 31, 2025, compared to $1,968,992 in the same period of 2024[24] - Cash paid for interest was $1,242,520 for the nine months ended December 31, 2025, slightly lower than $1,348,291 in the same period of 2024[24] Production Capacity - The acquisition of a bank-owned manufacturing building is expected to increase production capacity by at least 40%[5] Comprehensive Income - Comprehensive income attributable to common stockholders advanced to $1.2 million in the fiscal 2026 third quarter, from a comprehensive loss of $147,000 in the same quarter last year[12]