Perfect Moment Ltd. reported its fiscal fourth-quarter and full-year 2026 results, announcing a 13.4% increase in Q4 revenue to $5.7 million and a significant improvement in gross margin. The company also successfully narrowed its operating and net losses, attributing the gains to strategic operational improvements and cost discipline throughout the year.
Despite the improved operational results, the company's annual report, also filed today, included a 'going concern' explanatory paragraph from its auditors. This warning cites the company's history of losses and raises substantial doubt about its ability to continue operating. The filing also noted its recent delisting from the NYSE American to the OTCQB market.