Jerash Holdings (US), Inc.

Good morning, and welcome to the Juresh Holdings Fiscal 2022 Second Quarter Financial Results. At this time, all participants are on a listen-only mode, and the floor will be open for your questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Roger Pondell, Investor Relations for Juresh Holdings. Sir, the floor is yours.

Thank you, Catherine, and good morning, everyone. Welcome to Juresh Holdings Fiscal 2022 Second Quarter Financial Earnings Call. I'm Roger Pondell with Pondell Wilkinson, Juresh Holdings Investor Relations Firm. It will be my pleasure momentarily to introduce you to the company's chief financial officer, Gilbert Lee, and Eric Tang, who leads the company's operations in Jordan. Sam Choi, the company's CEO, unfortunately is not able to join us today because of a prior business commitment. Before I turn the call over to Gilbert, I want to remind our listeners 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 10Q 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 these forward-looking statements, and Jerash 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 Gilbert Lee. Gilbert?

Thank you, Roger, and hello, everyone. Our fiscal 2022 second quarter results demonstrated continued strong progress. Revenue was at a record level for the second quarter, reflecting robust shipments to our largest customers as a result of strong demand and expanded capacity. Gross profit also represented a record for the second quarter, primarily due to higher revenue and gross margin performance. Our gross margin expanded to 22%, reflecting increased shipping volumes and an improved product mix in the second quarter. The robust momentum is continuing further into fiscal 2022, with orders for the year to date that we believe will lead to a revenue run rate for the year that will exceed our prior record. As a result, we have increased our revenue outlook for the full year. 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 through leases and acquisitions. We recently completed the acquisition of an operator of a 71,000 square foot manufacturing facility in Amman, Jordan. Our agreement to acquire the related physical premises is expected to close by early next year. Eric will provide more details in a moment. I will now turn the call over to Eric Tang, who is based in Jordan, and after I will cover the financial results in further detail. Eric.