Perfect Moment Expects FY25 Revenue To Decline 12% To $21.4M; Q4 Revenue Up 2.6% To $5M; Core Revenue Up 1% Excluding Hugo Boss Collaboration; Expects To Report A Net Loss Of A~$16M For FY25

Company Marks Beginning of Transformation with Structural Changes for Scale

Perfect Moment Ltd. (NYSE:PMNT), the high-performance luxury skiwear and lifestyle brand, reported preliminary unaudited financial results for its fiscal fourth quarter and year ended March 31, 2025.

Despite broader market softness impacting luxury apparel, in the fourth fiscal quarter Perfect Moment is expected to deliver a 2.6% increase in revenue to $5.0 million. For the full year, revenue is expected to decline 12% to $21.4 million. However, excluding the Hugo Boss collaboration which ended in fiscal 2024, revenue rose an estimated 1% year-over-year.

Revenue was lower in part due to one of the company's largest wholesale customers, Matches Fashion, filing for bankruptcy. Alongside increased investment in leadership, infrastructure, and brand positioning, this adversely impacted operating results. As a result, the company expects to report a net loss of approximately $16.0 million for FY25.