Perfect Moment Reports Preliminary Fiscal Q4 and Full Year Results

Perfect Moment Ltd. (NYSE American: 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.

“This past year has been one of consolidation and transformation,” stated Perfect Moment chairman, Max Gottschalk. “We’ve taken decisive steps to meaningfully upgrade our management team, address inefficiencies and instill a culture of operational discipline. I’m extremely excited about the trajectory we are now on—and this is just the beginning.”

Under the new senior leadership, including key hires from Canada Goose, LVMH, and Timberland, the company is executing a renewed strategy focused on profitability and building long-term brand equity. While still in the early stages, these efforts have already begun to bear fruit:

• Record Wholesale Order Book: Perfect Moment has secured over $12.7 million in wholesale pre-orders for the Autumn/Winter 2025 season—a 30% increase from the prior year and the highest in company history (excluding collaborations).
• Sales Force Expansion: Five new regional agencies were signed and 50 new accounts have been opened globally since September.
• Margin Expansion and Operating Cost Savings: Major efficiency programs were implemented, including the launch of U.S. and European distribution hubs and improved logistics, resulting in reduced duties and costs.
• Reduced Discounting: Improved full-price sell-through and reduced reliance on promotions, demonstrating increasing pricing power and strong consumer demand.

“Since I joined Perfect Moment in February, we’ve made rapid progress in laying the foundation for long-term, profitable growth,” noted company CFO and COO, Chath Weerasinghe. “Our ability to increase orders, improve margins, and grow our global presence despite the macroeconomic headwinds is a testament to the strength of our brand and the capabilities of our new leadership team.”