Perfect Moment Ltd. (NYSE American: PMNT), a high-performance luxury skiwear and lifestyle brand, has announced its preliminary unaudited financial results for the fiscal fourth quarter and year ended March 31, 2025. The company reported a 2.6% increase in fourth-quarter revenue to $5.0 million, despite broader market challenges in the luxury apparel sector. However, for the full fiscal year, revenue is expected to decline by 12% to $21.4 million. Excluding the impact of the terminated Hugo Boss collaboration in fiscal 2024, revenue saw an estimated 1% year-over-year increase. The company anticipates a net loss of approximately $16.0 million for FY25, influenced by the bankruptcy of a major wholesale customer, Matches Fashion, and increased investments in leadership and infrastructure. Despite these challenges, the company has noted improvements in full-price sell-through and reduced reliance on promotions, indicating stronger pricing power and consumer demand. Perfect Moment has reported significant growth in digital engagement and brand visibility, reinforcing its status as a global luxury icon. Looking forward, the company plans to expand into year-round luxury outerwear and accessories, targeting a $30 billion+ global market growing at a 6.7% CAGR. The company's strategy includes a focus on blending technical performance with fashion-led design across different seasons.
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