PERFECT MOMENT LTD Stock Price, News & Analysis

Perfect Moment (NYSE American: PMNT) has launched its new Autumn/Winter 2024 (AW24) collection, featuring high-performance, luxury skiwear and accessories. The collection includes four distinct stories: Chamonix, Trojena, St. Moritz, and Sun Valley, each blending classic styles with innovative designs. Key features include:

- Upgraded fabrications with enhanced four-way stretch capabilities
- 100% Merino wool knitwear and seamless base layers
- Signature Aurora ski pant available in three fits and two lengths
- New accessories line including oversized and jumbo padded totes
- Introduction of an AI-generated 'perfect' ski resort scene print

The launch will be supported by an expanded multi-channel approach, including the opening of Perfect Moment's first seasonal retail location in New York City's SoHo later this month.

Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, is set to open its first retail store in New York City's SoHo district. The seasonal store, located at 42 Crosby Street, will open in October 2024 and operate through April, featuring the brand's Fall/Winter 2024 collection of high-performance skiwear and accessories.

The store's design will reflect Perfect Moment's blend of style and heritage, with cool-toned metallic surfaces, translucent elements, and the brand's iconic bright red accents. Fitting rooms will showcase AI-generated alpine ski resort backdrops. This move into brick-and-mortar retail follows the brand's record growth in eCommerce and success with multi-brand high-end retailers.

The SoHo location will serve as a hub for brand engagement, hosting exclusive events and marketing campaigns to connect with the local audience and enhance the overall brand experience.

Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, has been invited to present at the 26th Annual H.C. Wainwright Global Investment Conference in New York City from September 9-11, 2024. CEO Mark Buckley and CFO Jeff Clayborne will conduct virtual one-on-one meetings with investors and analysts on September 10 and 11.

Management will discuss the company's market leadership as a top luxury ski brand. Perfect Moment recently partnered with Quiet Platforms, a subsidiary of American Eagle Outfitters, to establish U.S. distribution centers. The company also launched its Ibiza-inspired Summer Capsule Collection and secured its first seasonal retail location in New York's SoHo, set to open in October.

Perfect Moment (NYSE American: PMNT) reported fiscal Q1 2025 results, highlighting a 43% increase in gross revenue to $1.9 million. Despite this, total net revenue remained relatively flat at $974,000 due to increased returns from end-of-season discounting. The company launched new initiatives, including a Summer Capsule Collection and a product resale program. Perfect Moment's social media following grew 19% year-over-year to 387,000 followers. The company partnered with Quiet Platforms to establish U.S. distribution centers and secured its first pop-up retail location in New York City. However, the company reported a net loss of $3.4 million or $(0.22) per share, compared to a $2.7 million loss in the year-ago period. Cash and equivalents stood at $4.0 million as of June 30, 2024.

Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, has partnered with Quiet Platforms to establish distribution and order fulfillment centers across the U.S. This move aims to meet growing global multichannel demand and improve margins. The company expects to lower fulfillment costs and enhance customer experience through localized U.S. fulfillment.

Key benefits include:

• Paying duties based on transfer prices instead of higher retail prices
• Reduced shipping costs
• Improved eCommerce margins in the second half of the fiscal year
• Enhanced shipping and returns processing

Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, reported financial results for fiscal 2024.

Total net revenue rose 4% to $24.4 million, driven by a 21% increase in eCommerce sales, reaching a record $10.4 million. Gross profit improved to 37.8%, while operating expenses decreased 3% to $16.9 million. Net loss narrowed to $8.7 million from $10.3 million the previous year. IPO proceeds of $6.0 million and $12 million debt conversion strengthened the balance sheet.

Brand awareness grew significantly, with digital media coverage reaching over 7.5 billion unique visitors per month. The company also launched new product lines, expanded its social media presence, and engaged new corporate governance members. Perfect Moment aims to continue expanding eCommerce, enhance gross margins, and enter the broader luxury outerwear market.

Perfect Moment (NYSE American: PMNT), known for its high-performance luxury skiwear, has launched its Ibiza Summer Capsule Collection 2024. Drawing inspiration from Ibiza, the collection features swimwear, beachwear, and versatile separates with a function-meets-fashion approach. Highlighted in British Vogue with a photo shoot by Grace Burns, the collection captures Ibiza's energy through coordinating separates made from sustainable materials like 100% regenerated nylon and organic cotton. The new line is available exclusively on perfectmoment.com and aims to expand Perfect Moment's reach beyond skiwear into the global luxury lifestyle market.