secwatch.observer — SEC 8-K summary
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Issuer:     Perfect Moment Ltd. (PMNT)
CIK:        0001849221
Form:       8-K
Filed at:   2026-08-17T21:00:28+00:00
Accession:  0001493152-26-038779
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perfect Moment Q1 FY27 revenue down 21.9% to $1.2M; net loss narrows to $3.5M
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- Revenue fell 21.9% to $1.2M vs $1.5M; wholesale up 268% to $563K, eCommerce down 40.2% to $585K.
- Net loss improved to $3.5M ($0.07/share) from $3.8M ($0.21/share); adjusted EBITDA loss widened to $3.1M.
- Gross margin fell 580bps to 54.5%; operating expenses down 1.4% to $3.89M.
- Cash $0.7M at June 30; raised $2.0M in May 2026; $6.0M drawn on $10M revolver, $1.0M more in July.
- Transitioning to full-price luxury model; September Fall/Winter 2026 launch expected to drive peak season.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226038779/0001493152-26-038779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849221/000149315226038779/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-038779

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