secwatch.observer — SEC 8-K summary
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Issuer:     Perfect Moment Ltd. (PMNT)
CIK:        0001849221
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001493152-24-046326
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perfect Moment Q2 revenue falls 35% on end of Hugo Boss collab; net loss widens
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- Total net revenue down 35% to $3.8M; largely from end of Hugo Boss collab ($2M decline).
- Net loss widened to $2.7M ($0.17/sh) from $0.8M ($0.29/sh); adj EBITDA -$2.0M vs -$958k.
- eCommerce net revenue up 8% to $1.2M; wholesale down 4% to $2.7M on timing.
- Gross margin 54.0% vs 55.7%; cash dropped to $2.6M from $4.0M at Q1 end.
- Opened first seasonal retail store in NYC SoHo and US fulfillment center; new biz dev head.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849221/000149315224046326/0001493152-24-046326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849221/000149315224046326/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046326

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer