| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Revenue | $23.6M | +9.8% |
| Cost of Revenue | $7.6M | -31.0% |
| Gross Profit | $16.0M | +53.0% |
| SG&A Expense | $18.0M | -13.1% |
| Operating Income | -$5.2M | +62.0% |
| Net Income | -$7.1M | +55.3% |
| EPS (Basic) | -$0.23 | +76.8% |
| EPS (Diluted) | -$0.23 | +76.8% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $1.2M | -81.3% |
| Accounts Receivable | $2.1M | +142.2% |
| Inventory | $3.9M | +148.7% |
| Current Assets | $10.1M | -20.6% |
| Total Assets | $12.2M | -8.3% |
| Current Liabilities | $6.7M | -41.3% |
| Total Liabilities | $12.9M | +12.5% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | -$9.0M | +8.8% |
| Capital Expenditures | $359K | +18.9% |
| Investing Cash Flow | -$359K | -18.9% |
| Financing Cash Flow | $3.3M | -66.0% |
| Free Cash Flow | -$9.4M | +7.9% |
Business Overview
Perfect Moment Ltd. is a high-performance luxury skiwear and lifestyle brand founded in Chamonix in 1984 that combines technical excellence with fashion-led designs. The company is executing a multi-channel growth strategy focused on direct-to-consumer digital expansion, selective wholesale partnerships, and new product category development across activewear, swimwear, and lifestyle segments. In FY2026, the company expanded into continental Europe and initiated a market entry in China via Tmall, while strengthening brand positioning through strategic collaborations and marketing initiatives.
Segment Performance
The filing does not provide specific revenue or income figures by business segment. However, performance metrics show: Global Unique Visitors per Month increased 1.2% (16.8B vs 16.6B); Total Social Audience grew 28% year-over-year to 1.2B followers; Social Audience during ski season (Q3-Q4) increased 52% to 905.2M; and Global Print Circulation decreased 62% to 9.6M (attributed to shift from casual to premium, committed readership moving online). Celebrity/influencer endorsements expanded to include Taylor Swift, Hailey Bieber, and Chloe Kim.
Forward Guidance
The company states: "In FY2027, we plan to open two concession locations in high-profile markets." It also projects: "We expect that rebalancing from wholesale to direct-to-consumer, coupled with the other margin initiatives, would result in a double-digit percentage point improvement in our gross margin over time, driven by favorable channel mix." Additionally, the company plans to "increase annual style count from approximately 75 styles to 220-240 styles" and states it will "continue to see significant opportunity in underpenetrated and emerging markets."
Key Risk Factors
Key risks include: reliance on key personnel and ability to recruit skilled talent; competition from both luxury fashion and performance-focused apparel brands in a competitive market; ability to protect intellectual property rights and avoid disputes with others' IP; protection of user information and compliance with evolving data privacy laws; and the company's ability to manage growth effectively including international expansion, particularly in emerging markets like China where joint venture structures are being evaluated.
| Stockholders' Equity |
| -$686K |
| -137.0% |