Jerash Holdings (US), Inc.

Greetings. Welcome to Drash Holdings' fiscal 2021 fourth quarter and full year results call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero from your telephone keypad. Please note that this conference is being recorded. At this time, we'll now turn the conference over to Roger Pondell with Pondell Wilkinson. Mr. Pondell, you may now begin.

Thanks very much, Operator, and good morning, everyone, and welcome to Jurasch Holdings' fiscal 2021 fourth quarter and full year conference call. I'm Roger Pondell with Pondell Wilkinson. We are Jurasch Holdings' new investor relations firm. We are very happy to be aboard and look forward to meeting with you and speaking with you over the coming months. It will be my pleasure momentarily to introduce the company's chairman and chief executive officer, Sam Choi, its chief financial officer, Gilbert Lee, and Eric Tang, who leads the company's operations in Jordan. Before I turn the call over to Sam, I want to remind you that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set forth in the risk factor section of the company's most recent Form 10-K and Form 10-Q as filed with the Securities and Exchange Commission, copies of which are available on the SEC's website at www.sec.gov. along with other company filings made with the SEC from time to time. Actual results could differ materially from any forward-looking statements, and Jurasch Holdings undertakes no obligation to update any forward-looking statements except as required by law. And with that, it is my pleasure to turn the call over to CEO Sam Choi. Sam?

Thank you, Roger, and hello to everyone. Our fiscal 2021 fourth quarter results demonstrated excellent progress in our recovery from the COVID-19 pandemic. As we noted in our third quarter earnings call, we expected to see at least a 38% increase in fourth quarter revenue based on orders connected in the period. As you can see in today's press release, We exceeded this rate of growth, with actual fourth quarter revenues increasing nearly 65% year over year. Our mix of products improved substantially as well, leading to gross margin in the high teens in the fourth quarter. As a result of our strong fourth quarter performance, we achieved a full recovery from last year's second half, with full-year revenue of $19 million exceeding our $85 million target for the year. Moreover, our robust momentum is continuing thus far into fiscal 2022, with orders for the first nine months of the year leading to a revenue run range in that period that would exceed our prior record. This will keep us on track to achieve guidance of $100 million and $102 million in revenue in fiscal 2022 We continue to advance plans to increase capacity in our existing facilities and secure additional capacity to meet our customers' needs, both by building new facilities and possibly through leases and acquisitions. We will keep you apprised of that progress. As previously announced, We also anticipate starting construction later this year of an additional facility on a parcel that we purchased in 2019. I'm now turning the call over to Eric Tan, who is based in Jordan, and then to Gilbert Lee, who is based in New York. We'll cover our financial results. Eric.