Perfect Moment Ltd. (NYSE American: PMNT) has reported a 51% increase in revenue for its fiscal first quarter 2026, ending June 30, 2025, reaching $1.5 million compared to $974,000 in the same period of the previous year. The company's gross margin improved significantly to a record 60.4%, up from 36.6% in Q1 FY25, driven by new revenue streams, including collaborations and partnerships, and strengthened ecommerce and wholesale channels. Despite these improvements, Perfect Moment reported a net loss of $3.8 million, compared to a net loss of $3.4 million in the year-ago period. The adjusted EBITDA loss improved to $2.6 million from $2.9 million in Q1 FY25. Significant operational highlights include expanding the annual style count from approximately 75 to over 200, enhancing value perception through a tiered pricing architecture, and increasing the company's presence to over 60 countries. Cash, cash equivalents, and restricted cash were reported at $3.0 million as of June 30, 2025, down from $7.5 million at March 31, 2025, primarily due to increased cash used in operating activities.
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