Perfect Moment Ltd. (NYSE American: PMNT) reported strong fiscal Q1 2026 results with year-over-year revenue growth and a record gross margin of 60.4%.
Revenue increased by 51% to $1.5 million compared to $974,000 in Q1 FY25, driven by the successful launch of new revenue streams and continued strength in ecommerce and wholesale channels.
Gross margin improved to a record 60.4%, demonstrating substantial margin expansion driven by various strategic initiatives like diversified revenue streams and enhanced channel mix.
Record Revenue Growth
Revenue surged by 51% year-over-year, reaching $1.5 million in Q1 FY26, showcasing the company's successful revenue stream diversification.
Margin Expansion
Achieved a record gross margin of 60.4%, up from 36.6% in Q1 FY25, displaying effective cost management and product mix optimization.
Adjusted EBITDA Improvement
Adjusted EBITDA loss improved to $2.6 million from $2.9 million in Q1 FY25, indicating enhanced operational efficiency.
- The company's success in achieving significant revenue growth and margin expansion showcases the effectiveness of its strategic initiatives.
- Expansion of annual style count, introduction of tiered pricing architecture, and global market presence highlight the brand's efforts towards sustained growth and profitability.
Perfect Moment's strong financial performance in Q1 FY26 underscores the success of its growth and profitability strategy, positioning the company for continued success in the luxury skiwear and lifestyle market.