Perfect Moment Reports Fiscal Q4 and Full Year 2026 Results
Revenue increased double digits on a quarterly and annual basis
Gross margin and adjusted EBITDA improved significantly for the fourth consecutive quarter driven by strategic operational improvements executed throughout the year
Strong operational foundation sets stage for profitable growth in fiscal 2027 and beyond
Fiscal Q4 2026 Financial Highlights
-
Revenue up
13.4% to$5.7 million $5.0 million -
Gross margin improved significantly to
83.0% compared to32.0% in Q4 FY25. -
Total operating expenses decreased
21.9% to$6.4 million $8.2 million -
Loss from operations improved by approximately
$4.9 million $1.6 million $6.6 million -
Net loss improved by approximately
$5.8 million $1.6 million $(0.02) $7.3 million $(0.45) -
Adjusted EBITDA loss improved by approximately
$4.7 million $1.0 million $5.7 million
Fiscal Full Year 2026 Financial Highlights
-
Revenue up
9.8% to$23.6 million $21.5 million -
Gross margin improved to
67.6% , up from48.5% in the year-ago period. -
Total operating expenses decreased
12.5% to$21.2 million $24.2 million -
Loss from operations improved by approximately
$8.6 million $5.2 million $13.8 million -
Net loss improved by approximately
$8.8 million $7.1 million $(0.23) $15.9 million $(0.99) -
Adjusted EBITDA loss improved by approximately
$7.8 million $3.5 million $11.3 million
Management Commentary
“Fiscal 2026 was a defining year for Perfect Moment – one where the strategic work we’ve been executing is now clearly visible in our annual results,” said Jane Gottschalk, Co-Founder, Creative Director and President of Perfect Moment. “Growing revenue
Chath Weerasinghe, Chief Financial and Operating Officer of Perfect Moment, commented: “Our results reflect the full impact of the operational and financial discipline we have instilled across the business. Annual Wholesale channel growth of
Brand and Marketing Highlights
Perfect Moment's brand strategy is built on three pillars: aspirational positioning rooted in ski heritage, a distinctive visual identity that travels across channels, and high-impact partnerships that extend reach into new audiences. In FY2026, this strategy delivered strong results.
-
Global UVPM (Unique Visitors per Month): 16.8 billion, +
1.2% year-over-year. -
Total Social Audience (KOLs): 1.2 billion, +
28% year-over-year. -
Social Audience During Ski Season (FQ3–FQ4): 905.2 million, +
52% year-over-year.
The Company’s strategic collaboration with Alpine Formula One Team was a standout contributor, generating over 1.1 billion in global PR reach (UVPM) and delivering strong social performance across both brand channels — demonstrating the effectiveness of targeted, high-profile collaborations in amplifying visibility and engagement.
Looking ahead, there is significant runway in underpenetrated and emerging markets, where Perfect Moment's aspirational positioning and growing global media presence provide a strong foundation for continued customer acquisition.
Fiscal Q4 and Full Year 2026 Financial Summary
Fourth quarter total net revenue increased
Fourth quarter eCommerce net revenue decreased
Fourth quarter wholesale revenue increased significantly to
Fourth quarter gross profit increased significantly to
Fourth quarter total operating expenses decreased
Fourth quarter loss from operations improved by approximately
Fourth quarter net loss was
Fourth quarter adjusted EBITDA loss improved by approximately
Balance Sheet Highlights
The Company’s liquidity position at March 31, 2026, reflects accounts receivable of
Inventory of
About Perfect Moment Ltd.
Founded in Chamonix, France, Perfect Moment is a luxury outerwear and activewear brand that merges alpine heritage with fashion-forward performance. Known for its technical excellence, bold design, and versatile pieces that transition seamlessly from slopes to city, the brand is worn by athletes, tastemakers, and celebrities worldwide. Perfect Moment is traded on the OTCQB under the ticker symbol PMNT. Learn more at www.perfectmoment.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those contained in the forward-looking statements, include those risks and uncertainties described more fully in the sections titled “Risk Factors” in our Form 10-K for the fiscal year ended March 31, 2025, filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made as of this date and are based on information currently available to us. We undertake no duty to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
PERFECT MOMENT LTD. AND SUBSIDIARIES |
||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS |
||||||||
(Amounts in thousands, except share and per share data) |
||||||||
|
Year Ended March 31, 2026 |
Year Ended March 31, 2025 |
||||||
|
||||||||
Revenue, net |
$ |
23,603 |
|
$ |
21,501 |
|
||
Cost of sales |
|
7,644 |
|
|
11,072 |
|
||
Gross profit |
|
15,959 |
|
|
10,429 |
|
||
Operating expenses: |
|
|
||||||
Selling, general and administrative expenses |
|
17,965 |
|
|
20,685 |
|
||
Marketing and advertising expenses |
|
3,234 |
|
|
3,540 |
|
||
Total operating expenses |
|
21,199 |
|
|
24,225 |
|
||
Loss from operations |
|
(5,240 |
) |
|
(13,796 |
) |
||
Other income (expense), net: |
|
|
||||||
Interest expense and finance costs (including |
|
(2,280 |
) |
|
(2,046 |
) |
||
Foreign currency transactions gain (loss) |
|
4 |
|
|
(107 |
) |
||
Other income |
|
385 |
|
|
10 |
|
||
Total other expense, net |
|
(1,891 |
) |
|
(2,143 |
) |
||
Net Loss |
|
(7,131 |
) |
|
(15,939 |
) |
||
Dividends on Series AA Convertible Preferred Stock |
|
(506 |
) |
|
- |
|
||
Net loss attributable to common stockholders |
$ |
(7,637 |
) |
$ |
(15,939 |
) |
||
Basic and diluted loss per share attributable to common stockholders |
$ |
(0.23 |
) |
$ |
(0.99 |
) |
||
Basic and diluted weighted-average number of shares outstanding |
|
33,074,619 |
|
|
16,095,138 |
|
||
Other comprehensive loss |
|
|
||||||
Net loss |
$ |
(7,131 |
) |
$ |
(15,939 |
) |
||
Foreign currency translation (loss) gain |
|
(283 |
) |
|
62 |
|
||
Comprehensive loss |
$ |
(7,414 |
) |
$ |
(15,877 |
) |
||
PERFECT MOMENT LTD. AND SUBSIDIARIES |
||||||||
CONSOLIDATED BALANCE SHEETS |
||||||||
(Amounts in thousands, except share and per share data) |
||||||||
|
March 31, 2026 |
March 31, 2025 |
||||||
ASSETS |
|
|
||||||
|
|
|
||||||
Current assets: |
|
|
||||||
Cash and cash equivalents |
$ |
1,151 |
|
$ |
6,159 |
|
||
Restricted cash |
|
- |
|
|
1,350 |
|
||
Accounts receivable, net |
|
2,146 |
|
|
886 |
|
||
Inventories, net |
|
3,897 |
|
|
1,567 |
|
||
Prepaid and other current assets |
|
2,950 |
|
|
2,812 |
|
||
Total current assets |
|
10,144 |
|
|
12,774 |
|
||
Long term assets: |
|
|
||||||
Operating lease right-of-use assets |
|
1,003 |
|
|
44 |
|
||
Property and equipment, net |
|
499 |
|
|
483 |
|
||
Other non-current assets |
|
582 |
|
|
36 |
|
||
Total assets |
$ |
12,228 |
|
$ |
13,337 |
|
||
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |
|
|
||||||
Current liabilities: |
|
|
||||||
Trade payables |
$ |
3,601 |
|
$ |
2,594 |
|
||
Accrued expenses |
|
2,859 |
|
|
4,233 |
|
||
Trade finance facility |
|
- |
|
|
2,495 |
|
||
Short-term borrowings, net |
|
- |
|
|
1,851 |
|
||
Operating lease obligations, current |
|
37 |
|
|
44 |
|
||
Deferred revenue |
|
245 |
|
|
264 |
|
||
Total current liabilities |
|
6,742 |
|
|
11,481 |
|
||
Long term liabilities: |
|
|
||||||
Line of credit from related party, non-current |
|
5,140 |
|
|
- |
|
||
Operating lease obligations, non-current |
|
1,032 |
|
|
- |
|
||
Total liabilities |
|
12,914 |
|
|
11,481 |
|
||
Commitments and contingencies (see Note 14) |
|
- |
|
|
- |
|
||
Stockholders’ (deficit) equity: |
|
|
||||||
Series AA convertible preferred stock, |
|
- |
|
|
- |
|
||
Common stock; |
|
4 |
|
|
2 |
|
||
Additional paid-in-capital |
|
71,663 |
|
|
66,793 |
|
||
Accumulated other comprehensive loss |
|
(306 |
) |
|
(23 |
) |
||
Accumulated deficit |
|
(72,047 |
) |
|
(64,916 |
) |
||
Total stockholders’ (deficit) equity |
|
(686 |
) |
|
1,856 |
|
||
Total liabilities and stockholders’ (deficit) equity |
$ |
12,228 |
|
$ |
13,337 |
|
||
Use Of Non-GAAP Measures
In addition to our results under generally accepted accounted principles (“GAAP”), we present Adjusted EBITDA as a supplemental measure of our performance. However, Adjusted EBITDA is not a recognized measurement under GAAP and should not be considered as an alternative to net income, income from operations or any other performance measure derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of liquidity. We define Adjusted EBITDA as net income (loss), plus interest expense, depreciation and amortization, stock-based compensation, financing costs and changes in fair value of derivative liability.
Management considers our core operating performance to be that which our managers can affect in any particular period through their management of the resources that affect our underlying revenue and profit generating operations in that period. Non-GAAP adjustments to our results prepared in accordance with GAAP are itemized below. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating Adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.
Adjusted EBITDA
|
For the Year Ended March 31, 2026 |
For the Year Ended March 31, 2025 |
||||||
|
||||||||
Net loss, as reported |
$ |
(7,131 |
) |
$ |
(15,939 |
) |
||
|
|
|
||||||
Adjustments: |
|
|
||||||
Interest expense |
|
2,280 |
|
|
2,046 |
|
||
Stock compensation expense |
|
476 |
|
|
1,334 |
|
||
Amortization of stock-based marketing services |
|
558 |
|
|
910 |
|
||
Depreciation and amortization |
|
323 |
|
|
342 |
|
||
Adjusted EBITDA |
$ |
(3,494 |
) |
$ |
(11,307 |
) |
||
We present adjusted EBITDA because we believe it assists investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Adjusted EBITDA in developing our internal budgets, forecasts, and strategic plan; in analyzing the effectiveness of our business strategies in evaluating potential acquisitions; and in making compensation decisions and in communications with our board of directors concerning our financial performance. Adjusted EBITDA has limitations as an analytical tool, which includes, among others, the following:
- Adjusted EBITDA does not reflect our cash expenditures, or future requirements, for capital expenditures or contractual commitments;
- Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;
- Adjusted EBITDA does not reflect future interest expense, or the cash requirements necessary to service interest or principal payments, on our debts; and
- Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and the Adjusted EBITDA does not reflect any cash requirements for such replacements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260629878680/en/
Investor Relations Contact:
Gateway Group
Cody Slach, Greg Robles
949.574.3860
PMNT@gateway-grp.com
Press Contact:
press@perfectmoment.com
Source: Perfect Moment Ltd.