Perfect Moment Ltd. (PMNT) reported a 21.9% revenue decline for the quarter ending June 30, 2026. Quarterly revenue fell to $1,150. This total is down from $1,472 in the previous year. The luxury apparel company posted a net loss of $3.5 million for the period.
Gross margins dropped to 54.5%. This figure represents a decline from 60.3% a year prior. The margin contraction followed the absence of prior-year partnership revenue. The company issued a going concern warning regarding its ability to continue operations.
Management cited recurring losses and negative operating cash flows as primary risks. The firm reported an accumulated deficit of over $75,000. Operations currently rely on external financing to fund activities. The NYSE American delisted the company on June 12, 2026. Shares now trade on the OTCQB Venture Market.