Perfect Moment Q3 net income $1.2M, revenue down 21% to $12.7M; eCommerce up 23%

Perfect Moment Ltd.

Q3 net income $1.2M ($0.08 diluted EPS) vs $3.3M a year ago; revenue $12.7M, down 21%.
eCommerce revenue rose 23% to record $3.8M; wholesale down 32% to $9.0M on shipment timing.
Nine-month revenue record $19.6M (+1%); net loss narrowed to $3.0M from $7.8M.
Gross margin improved to 39.0% for nine months; Q3 adjusted EBITDA $1.7M vs $4.1M.
IPO on Feb 8, 2024 raised net $6.4M; pro forma cash $9.8M, no long-term debt.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Perfect Moment Ltd. reported three and nine months ended December 31, 2023 results: net income Net income totaled $1.2 million, or $0.23 per basic share and $0.08 per diluted share.

Period: three and nine months ended December 31, 2023
Net income: Net income totaled $1.2 million, or $0.23 per basic share and $0.08 per diluted share
Result: reported results

Exact text from the filing

On March 25, 2024, Perfect Moment Ltd. issued a press release reporting its financial results for the three and nine months ended December 31, 2023.

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Perfect Moment Ltd. filing history →

Source: SEC EDGAR

accession 0001493152-24-011184

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