Jerash Holdings (US), Inc.

Good morning, ladies and gentlemen, and welcome to the Juresh Holdings Fiscal 2022 Third Quarter Financial Results. At this time, all participants have been placed on a listen-only mode. It is now my pleasure to turn the floor over to your host, Roger Pondell. Sir, the floor is yours.

Thank you, Operator. Good morning, everyone, and welcome to Juresh Holdings Fiscal 2022 Third Quarter Conference Call. I'm Roger Pondell with Pondell Wilkinson, Juresh Holdings Investor Relations Firm. It will be my pleasure momentarily to introduce the company's Chairman and Chief Executive Officer, Sam Choi, along with 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 all listeners today that this 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 these forward-looking statements, and Jurasch Holdings undertakes no obligation to update any forward-looking statements except as required by law. And with that, I will turn the call over to Sam Choi. Sam?

Hi, thank you, Roger, and hello, everyone. Our fiscal 2022 third quarter results again demonstrated excellent progress. Revenue was at a record high for any third quarter in our history, reflecting robust treatments to our largest customers as a result of strong demand and our expanded manufacturing capacities. gross profit also significantly improved for the third quarter, primarily because of our higher revenue and gross profit margin performance. Our gross margin expanded to 19%, reflecting increased shipment volumes along with increased orders from higher margin branded products. I'm happy to report that the strong momentum is continuing into our fourth fiscal quarters and well into fiscal 2023. All those received year-to-date indicate that we believe will lead to a revenue run raise for fiscal 2022 that exceeds our prior record. As a result, we have increased our revenue outlook for the fourth quarter and we already are looking toward a record-setting fiscal 2023 reached for us last April. During the past quarter, we completed the acquisition of an operator of a 71,000 square foot manufacturing facility in Amman of Jordan. Our agreement to acquire the related physical premises is expected to close prior to this fiscal year end. Eric will provide more details in a moment. Our business outlook remains strong. Accordingly, to accommodate for expected growth ahead, we are continuing to explore plans to further increase capacity, both within our existing facilities, as well as looking into other means of adding capacity, possibly building new facilities and or through leasing and acquisition. I'll now turn the call over to Eric Tang, who is based in Jordan. and then Gilbert Lee will cover our financial results. Hi, Eric.