JRSH on Nasdaq

Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. is an American Apparel and Finishd Prods of Fabrics and Similar Matl company.1 It is headquartered in Rochester, New York.1 Its shares trade on Nasdaq under the symbol JRSH.1

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Last updated Oct 20, 2026.

Overview

$166.3MRevenue, fiscal 20262
$3.5MNet income, fiscal 20262

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  • TickerJRSH on Nasdaq1
  • IndustryApparel & Other Finishd Prods of Fabrics & Similar Matl1
  • HeadquartersRochester, New York1
  • Incorporated inDE3
  • Business address260 East Main Street, Suite 2706, Rochester, Ny 146043
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Garments acquired all of the outstanding stock of MK Garments. As of October 7, 2021, MK Garments became a subsidiary of Jerash Garments.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

16.1%Gross margin2
3.8%Operating margin2
2.1%Net margin2
14.0%Revenue growth, 20262
5.5%Return on equity2
0.04×Debt to equity2
-$2.6MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 83% of the revenue Jerash Holdings (US), Inc. broke down this way in fiscal 2026.

  1. United States$138.2M283%up 7% from 2025
  2. [China [Member]]$16.9M210%up 88% from 2025
  3. South Korea$7.0M24%
  4. JO$2.2M21%down 29% from 2025
  5. Other Countries$2.1M21%down 60% from 2025
Regions by year
Regions20252026
United States$128.6M$138.2M
[China [Member]]$8.9M$16.9M
South Korea$7.0M
JO$3.1M$2.2M
Other Countries$5.2M$2.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue84¢$139.5M
  • Selling, general and admin12¢$19.6M
  • Other costs2¢$2.6M
  • Income tax1¢$1.1M
  • Profit2¢$3.5M

Out of $166.3M in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending67¢$5.1M
  • Dividends paid33¢$2.5M

Out of $2.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue56789102$166.3M in 2026+96% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $85.0M$85.0M20192020: $93.0M$93.0M2020+9%2021: $90.2M$90.2M2021−3%2022: $143.4M$143.4M2022+59%2023: $138.1M$138.1M2023−4%2024: $117.2M$117.2M2024−15%2025: $145.8M$145.8M2025+24%2026: $166.3M$166.3M2026+14%
Gross profit56789102$26.8M in 2026+43% since 2019
0$10.0M$20.0M$30.0M2019: $18.8M$18.8M20192020: $18.0M$18.0M2020−4%2021: $16.0M$16.0M2021−11%2022: $27.3M$27.3M2022+71%2023: $21.8M$21.8M2023−20%2024: $16.9M$16.9M2024−22%2025: $22.3M$22.3M2025+32%2026: $26.8M$26.8M2026+20%
Operating income56789102$6.3M in 2026−0% since 2019
-$5.0M0$5.0M$10.0M$15.0M2019: $6.3M$6.3M20192020: $7.7M$7.7M2020+21%2021: $5.4M$5.4M2021−30%2022: $10.5M$10.5M2022+95%2023: $4.4M$4.4M2023−58%2024: -$665.0K-$665.0K20242025: $1.4M$1.4M20252026: $6.3M$6.3M2026+337%
Net income5789102$3.5M in 2026−31% since 2019
-$2.5M0$2.5M$5.0M$7.5M$10.0M2019: $5.1M$5.1M20192020: $6.5M$6.5M2020+27%2021: $4.1M$4.1M2021−36%2022: $7.9M$7.9M2022+91%2023: $2.4M$2.4M2023−69%2024: -$2.0M-$2.0M20242025: -$848.4K-$848.4K2025−58%2026: $3.5M$3.5M2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Revenue, net$166.3M$145.8M
Cost of goods sold$139.5M$123.5M
Gross Profit$26.8M$22.3M
Selling, general, and administrative expenses$19.6M$19.1M
Stock-based compensation expenses$904.2K$1.8M
Total Operating Expenses$20.5M$20.9M
Income from Operations$6.3M$1.4M
Interest expenses-$1.6M-$1.7M
Other income, net$45.4K$424.1K
Total other expenses, net-$1.6M-$1.3M
Net income before provision for income taxes$4.7M$151.2K
Income tax expenses$1.1M$991.1K
Net income attributable to noncontrolling interest$89.8K$8.4K
Net income (loss) attributable to Jerash Holdings (US), Inc.s Common Stockholders$3.5M-$848.4K
Net income (loss)$3.6M-$839.9K
Foreign currency translation gain (loss)$48.4K-$20.8K
Total Comprehensive Income (Loss)$3.7M-$860.7K
Comprehensive income attributable to noncontrolling interest$89.8K$8.4K
Comprehensive Income (Loss) Attributable to Jerash Holdings (US), Inc.s Common Stockholders$3.6M-$869.2K
Basic (in Dollars per share)$0.28-$0.07
Diluted (in Dollars per share)$0.27-$0.07
Basic (in Shares)12.7M shares12.3M shares
Diluted (in Shares)13.2M shares12.3M shares
Dividend per share (in Dollars per share)$0.20$0.20

Compare Jerash Holdings (US), Inc. with another company

Corporate structure

Jerash Holdings (US), Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Jerash Holdings (US), Inc.

  • Tsze Lun Ng Filed SCHEDULE 13G/A on Jerash Holdings (US), Inc., latest Feb 17, 2026
  • Ka Lun Chiu Filed SC 13G on Jerash Holdings (US), Inc., latest Jan 14, 2022
  • Kian Tjiauw Lee Filed SC 13G/A on Jerash Holdings (US), Inc., latest Jan 5, 2022
  • Lin Hung Choi Filed SC 13D/A on Jerash Holdings (US), Inc., latest Dec 21, 2021
  • Jerash Holdings (US), Inc. Rochester, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Jerash Holdings (US), Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$49.7M2 Mar 31, 2026$44.3M2 Mar 31, 2025+12.3%
Accumulated depreciation$22.4M2 Mar 31, 2026$19.3M2 Mar 31, 2025+16.1%
Property and equipment, net$27.4M2 Mar 31, 2026$25.0M2 Mar 31, 2025+9.5%
Operating-lease assets (leased space)$1.0M2 Mar 31, 2026$850.2K2 Mar 31, 2025+22.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.8M2 Mar 31, 2026$13.3M2 Mar 31, 2025−19.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$499.3K2 Mar 31, 2026$499.3K2 Mar 31, 20250%

Inventory

ItemLatestA year beforeChange
Inventory, total$30.0M2 Mar 31, 2026$27.7M2 Mar 31, 2025+8.1%
Raw materials$16.6M2 Mar 31, 2026$13.1M2 Mar 31, 2025+26.4%
Work in process$2.4M2 Mar 31, 2026$2.9M2 Mar 31, 2025−17.0%
Finished goods$11.0M2 Mar 31, 2026$11.7M2 Mar 31, 2025−6.1%

Properties, in its own words

Jerash Garments and Kawkab own three industrial buildings of approximately 136,000, 79,000 and 76,000 square feet, respectively, a dormitory building with a kitchen area of approximately 195,000 square feet, and one piece of land of approximately 133,000 square feet in Al Tajamouat Industrial City. We lease additional space totaling approximately 536,000 square feet in three industrial buildings in Al Tajamouat Industrial City. In addition, we lease space for our workers in dormitories located inside and outside of Al Tajamouat Industrial City.

Treasure Success owns an office space in Hong Kong through acquisition of Ever Winland on August 29, 2022. See “—Item 1. Business—Organizational Structure.”

The rest of Item 2

In 2018, we commenced a project to build a 54,000 square-foot factory in Al-Hasa County in the Tafilah Governorate of Jordan, which started operation in November 2019. This project is a joint project with the Jordanian Ministry of Labor and the Employment and Training Department in Jordan. The Ministry of Labor financed the building of the factory and the Employment and Training Department supported 50% of the workers’ salaries, as well as transportation and social security costs in the first 12 months following the completion of the project. We used the factory without paying rent through December 2022. We have continued to use the factory without paying rent since January 2023 as new arrangements with the Jordanian Ministry of Labor are still being made.

In April 2021, we commenced construction on a 195,000-square-foot housing facility for our multi-national workforce, situated on a 49,000-square-foot site owned by us, located in Al Tajamouat Industrial City. In fiscal 2025, the construction completed and our workers have moved in. To meet increasing demand, we are also finalizing plans to construct an additional project on a nearby 133,000-square-foot parcel that we purchased in 2019 for $1.2 million, with 2/3 of the land expected to be allocated for the establishment of our seventh factory and 1/3 for housing purposes. As of the date of this annual report, we are working with engineering consultants to proceed with the architectural design of these buildings. However, the execution of this construction plan will depend on the progress of the Company’s business development and an ongoing assessment of customer order condition.

On January 1, 2021, Jiangmen Treasure Success entered into a factory lease agreement with an independent third party for a term of five years. Upon expiration of the lease, Jiangmen Treasure Success entered into a new factory lease agreement for the same property with the same independent third party on January 1, 2026. The lease has a five-year term with monthly rent amount of CNY66,353 (approximately $9,600) for the first year, and 3% further annual increments starting from the second year.

On June 24, 2021, we entered into an agreement through Jerash Garments to acquire all of the stock of MK Garments in order to operate our manufacturing facility in Al Tajamouat Industrial City located in Amman, Jordan.

On July 14, 2021, Jerash Garments and the sole shareholder of Kawkab Venus entered into an agreement, pursuant to which Jerash Garments acquired all of the outstanding stock of Kawkab Venus. Apart from the land and factory premises, Kawkab Venus had no other significant assets or liabilities and no operation activities or employees at the time of acquisition, so the acquisition was accounted for an asset acquisition. As of August 21, 2022, Kawkab Venus became a subsidiary of Jerash Garments.

On February 2, 2026, Jerash Garments received the approval from the Housing Bank of the Property Purchase Request submitted on January 20, 2026 for the purchase of Property No. 1326, from the lands of South Amman, Jordan. The purchase was completed on February 19, 2026. Property No. 1326 will be our sixth factory in Al Tajamouat Industrial City and production will be commenced in fiscal 2027.

We believe the real estate property that we own and lease is sufficient to conduct our operations as they are currently conducted.

Item 2 of the 10-K filed Jun 18, 2026.4

Leadership

Who has led Jerash Holdings (US), Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lin Hung Choi2018–2024

Chair

  1. Lin Hung Choi2018–2024

Chief financial officer

  1. Richard J. Shaw2018
  2. Gilbert K. Lee2019–now
20202025
Board members and other officers (8)

Timeline

  1. Sep 11, 20268-K Shareholder vote; Other events23
  2. Aug 10, 20268-K Results of operations24
  3. Aug 7, 20268-K Regulation FD disclosure25
  4. Jul 21, 20268-K Executive or director change26
  5. Jun 15, 20268-K Results of operations27
  6. May 4, 20268-K Regulation FD disclosure28
  7. Feb 9, 20268-K Results of operations29
  8. Feb 5, 20268-K Entered a material agreement; Other events30
  9. Feb 3, 20268-K Regulation FD disclosure31
  10. Nov 12, 20258-K Results of operations32
  11. Nov 7, 20258-K Regulation FD disclosure33
  12. Sep 17, 20258-K Shareholder vote; Other events34
  13. May 2, 2018New chief executive Lin Hung Choi becomes CEO13

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202635

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results24
  2. Jun 15, 2026Reported quarterly or annual results27
  3. Feb 9, 2026Reported quarterly or annual results29
  4. Nov 12, 2025Reported quarterly or annual results32
  5. Aug 12, 2025Reported quarterly or annual results36
  6. Jun 23, 2025Reported quarterly or annual results37
  7. Feb 11, 2025Reported quarterly or annual results38
  8. Nov 12, 2024Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

138 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 58 major events, 26 insider forms, 4 large holders, 29 other. The latest 20:

  1. Sep 11, 20268-K CURRENT REPORT EDGAR
  2. Aug 12, 202610-Q QUARTERLY REPORT EDGAR
  3. Aug 10, 20268-K CURRENT REPORT EDGAR
  4. Aug 7, 20268-K CURRENT REPORT EDGAR
  5. Jul 28, 2026ARS EDGAR
  6. Jul 28, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  7. Jul 28, 2026DEF 14A PROXY STATEMENT EDGAR
  8. Jul 21, 20268-K CURRENT REPORT EDGAR
  9. Jun 18, 202610-K ANNUAL REPORT EDGAR
  10. Jun 15, 20268-K CURRENT REPORT EDGAR
  11. May 4, 20268-K CURRENT REPORT EDGAR
  12. Apr 23, 20264 EDGAR
  13. Apr 15, 20265 EDGAR
  14. Apr 6, 20265 EDGAR
  15. Feb 17, 2026SCHEDULE 13G/A EDGAR
  16. Feb 10, 202610-Q QUARTERLY REPORT EDGAR
  17. Feb 9, 20268-K CURRENT REPORT EDGAR
  18. Feb 5, 20268-K CURRENT REPORT EDGAR
  19. Feb 3, 20268-K CURRENT REPORT EDGAR
  20. Jan 29, 20265 OWNERSHIP DOCUMENT EDGAR

The 138 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 0 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 21, 2026Lee Gilbert K.Chief Financial OfficerSale400$3.32$1.3KForm 4
Oct 6, 2025Ng Tsze LunSale112,500$3.07$345.4KForm 4
Sep 12, 2025Lee Gilbert K.Chief Financial OfficerSale1,500$3.24$4.9KForm 4
Mar 18, 2025Lee Gilbert K.Chief Financial OfficerSale1,800$3.28$5.9KForm 4
Mar 12, 2025Ng Tsze LunSale62,900$3.55$223.3KForm 4
Mar 28, 2024Lee Gilbert K.Chief Financial OfficerSale1,750$3.40$6.0KForm 4
Jan 3, 2022Lee Kian Tjiauw10% ownerSale2,065,728$4.70$9.7MForm 4
Oct 12, 2021Choi Lin HungChairman/CEO/Pres./TreasurerSale210,000$7.00$1.5MForm 4
Oct 4, 2021Choi Lin HungChairman/CEO/Pres./TreasurerSale400,000$7.00$2.8MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Tsze Lun NgSCHEDULE 13G/A, 1 filing Feb 17, 202640
  • Ka Lun ChiuSC 13G, 1 filing Jan 14, 202241
  • Kian Tjiauw LeeSC 13G/A, 1 filing Jan 5, 202242
  • Lin Hung ChoiSC 13D/A, 1 filing Dec 21, 202143

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Choi Lin Hung64$495.0K44
2026Ng Tsze Lun71$428.3K44
2026Gilbert K. Lee68$131.1K$142.1K44
2026Wei (“Kitty”) Yang43$98.3K44
2025Chief Executive OfficerPresident and Treasurer$495.0K44
2025Head of Marketing$450.0K44
2025Chief Financial Officer$131.1K$141.7K44
2025Vice President and Secretary$98.3K44

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 26. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Renaissance Technologies LLC298,282$1.4M0.0%+26,042
Marshall Wace, Llp261,731$1.3M0.0%New
Vanguard Capital Management LLC202,919$976.0K0.0%+14,620
Dimensional Fund Advisors LP102,562$493.3K0.0%+5,067
Arrowstreet Capital, Limited Partnership101,881$490.0K0.0%−119,584
Geode Capital Management, LLC65,203$314.1K0.0%+25,440
Citadel Advisors LLC49,093$236.1K0.0%−14,563
Access Investment Management LLC45,050$216.7K0.1%No change
Quadrature Capital Ltd44,036$211.8K0.0%New
Vanguard Fiduciary Trust Co37,499$180.4K0.0%No change
Goldman Sachs Group Inc33,100$159.2K0.0%−11,728
BlackRock, Inc.23,268$111.9K0.0%+5,934
State Street Corp21,705$104.4K0.0%No change
NewEdge Advisors, LLC19,665$94.6K0.0%+3,146
Two Sigma Securities, LLC19,665$94.6K0.0%New
Northern Trust Corp15,848$76.2K0.0%New
Morgan Stanley14,407$69.3K0.0%+14,405
UBS Group AG6,621$31.8K0.0%−28,579
Vanguard Global Advisers, LLC4,927$23.7K0.0%No change
Jpmorgan Chase & Co769$3.8K0.0%New
Osaic Holdings, Inc.512$2.5K0.0%+254
Tower Research Capital LLC (TRC)421$2.0K0.0%−1,513
SBI Securities Co., Ltd.369$1.8K0.0%+200
Hrt Financial LP162,601$7820.0%New
Acadian Asset Management LLC33,464$1590.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Jerash Holdings (US), Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJerash Holdings (US), Inc.1
  • CIK0001696558
  • Employer ID (EIN)81-47017194
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsMarch 311
  • Industry code (SIC)2300 Apparel & Other Finishd Prods of Fabrics & Similar Matl1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address260 East Main Street, Suite 2706, Rochester, NY 146041
  • Phone21257590851
  • Shares outstanding12,699,940 as of Aug 12, 202612
  • Public float$21.9M as of Sep 30, 20254
  • AuditorCBIZ CPAs P.C., Costa Mesa, CA PCAOB ID 199; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 31, 20171
  • Filings314 in all: 8-K (118), 4 (33), 10-Q (27), 424B3 (13), CORRESP (13), 3 (12), DEFA14A (10), 10-K (9)1
    All 39 form types

    DEF 14A (9), UPLOAD (9), EFFECT (8), S-1/A (6), S-3/A (5), 4/A (4), 5 (4), POS AM (3), S-1 (3), S-3 (3), SC 13G (3), 424B5 (2), S-8 (2), 10-K/A (1), 10-Q/A (1), 3/A (1), 8-A12B (1), 8-A12B/A (1), 8-K/A (1), ARS (1), AW (1), CERT (1), CT ORDER (1), D (1), FWP (1), PRE 14A (1), S-8 POS (1), SC 13D (1), SC 13D/A (1), SC 13G/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Jun 18, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Jul 28, 2026
    Latest 8-K (8-K) Sep 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareJRSHNasdaq

From the cover page of the 10-K filed Jun 18, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Jerash Holdings (US), Inc. names in Item 1A of its 10-K filed Jun 18, 2026: 37 risks under these headings, as written.4

  • Risks Related to Our Business and Our Industry
  • We rely on one key customer for a large portion of our revenue. We cannot assure you that this customer or any other customer will continue to buy our products in the same volumes or on the same terms.
  • Any adverse change in our relationship with VF Corporation and its owned brands, or with their strategies or reputation, would have a material adverse effect on our results of operations.
  • If we lose our key customer and are unable to attract new customers, then our business, results of operations, and financial condition would be adversely affected.
  • If we lose our larger brand name customers, or the customers fail to purchase our products at anticipated levels, our sales and operating results will be adversely affected.
  • If the market share of our customers declines, our sales and earnings may decline.
  • A natural disaster, catastrophe, pandemic, or other unexpected events could adversely affect our financial conditions and business operations.
  • We may require additional financing to fund our operations and capital expenditures.
  • We may have conflicts of interest with our affiliates and related parties, and in the past we have engaged in transactions and entered into agreements with affiliates that were not negotiated at arms’ length.
  • We are dependent on a product segment comprised of a limited number of products.
  • Our revenue and cash requirements are affected by the seasonal nature of our business.
  • Changes in our product mix and the geographic destination of our products or source of our supplies may impact our cost of goods sold, net income, and financial position.
The other 26 risks
  • Our direct and indirect customers are in the clothing retail industry, which is subject to substantial cyclical variations and could have a material adverse effect on our results of operations.
  • The clothing retail industry is subject to changes in fashion preferences. If our customers misjudge a fashion trend or the price which consumers are willing to pay for our products decreases, our revenue could be adversely affected.
  • If we experience product quality or late delivery problems, or if we experience financial problems, our business will be negatively affected.
  • We face intense competition in the worldwide apparel manufacturing industry.
  • We have entered into joint ventures with third parties, and we may continue to do so in the future. This may subject us to various risks, including limited decision-making authority, reliance on our joint venture partners’ financial condition, the risk of disputes with our joint venture partners, and the risk of failing to achieve profitability through such business.
  • Our results of operations are subject to fluctuations in currency exchange rates.
  • We are subject to the risks of doing business abroad.
  • Our business could suffer if we violate labor laws or fail to conform to generally accepted labor standards or the ethical standards of our customers.
  • Our products may not comply with various industry and governmental regulations and our customers may incur losses in their products or operations as a consequence of our non-compliance.
  • We depend on our suppliers for machinery and maintenance of machinery. We may experience delays or additional costs satisfying our production requirements due to our reliance on these suppliers.
  • We are a holding company and rely on dividends, distributions, and other payments, advances, and transfers of funds from our subsidiaries to meet our obligations.
  • Periods of sustained economic adversity and uncertainty could negatively affect our business, results of operations, and financial condition.
  • Risks Related to Operations in Jordan
  • We are affected by conditions to, and possible reduction of, free trade agreements.
  • Our results of operations would be materially and adversely affected in the event we are unable to operate our principal production facilities in Jordan.
  • Our operations in Jordan may be adversely affected by social and political uncertainties or change, military actions, health-related risks, acts of terrorism, or other geopolitical instability.
  • We may face interruption of production and services due to increased security measures in response to terrorism.
  • We are subject to regulatory and political uncertainties in Jordan.
  • If we violate applicable anti-corruption laws or our internal policies designed to ensure ethical business practices, we could face financial penalties and reputational harm that would negatively impact our financial condition and results of operations.
  • Our stockholders may face difficulties in protecting their interests and exercising their rights as a stockholder of ours because we conduct substantially all of our operations in Jordan and certain of our officers and directors reside outside of the United States.
  • If we fail to comply with the continuing listing standards of the Nasdaq, our common stock could be delisted from the exchange.
  • Future sales and issuances of our common stock or rights to purchase common stock could result in additional dilution of the percentage ownership of our stockholders and could cause the market price of our common stock to decline.
  • If securities or industry analysts do not publish research or reports about us, or if they adversely change their recommendations regarding our common stock, our stock price and trading volume of our common stock could decline.
  • The requirements of being a public company, including compliance with the reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the requirements of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley Act”), may strain our resources, increase our costs, and distract management, and we may be unable to comply with these requirements in a timely or cost-effective manner.
  • If we fail to establish and maintain an effective system of internal controls, we may not be able to report our financial results accurately. Any inability to report and file our financial results accurately and timely could harm our business and adversely affect the trading price of our common stock.
  • We incur and will continue to incur increased costs and demands upon management as a result of being a public company.
  • We may be adversely affected by the effects of inflation and a potential recession.

Legal proceedings

We are not currently involved in any material legal proceedings. From time-to-time we are, and we anticipate that we will be, involved in legal proceedings, claims, and litigation arising in the ordinary course of our business and otherwise. The ultimate costs to resolve any such matters could have a material adverse effect on our financial statements. We could be forced to incur material expenses with respect to these legal proceedings, and in the event that there is an outcome in any that is adverse to us, our financial position and prospects could be harmed.

The opening of Item 3, Legal Proceedings.4

Sources

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  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44