Perfect Moment Ltd.

CIK: 18492213 Annual ReportsLatest: 2026-06-29
Revenue: $23,603,000Net Income: -$7,131,000Source 10-K
Disclaimer: AI-assisted summary of SEC Form 10-K filings. Not official company content and not investment, legal, accounting, or tax advice. See full disclaimer here.

10-K / June 29, 2026

Revenue:$23,603,000
Income:-$7,131,000

10-K / June 30, 2025

Revenue:$21,501,000
Income:-$15,939,000

10-K / July 1, 2024

Revenue:$24,443,000
Income:-$8,722,000

10-K / June 29, 2026

Perfect Moment Ltd.

Company at a glance

  • Delaware corporation operating in luxury skiwear, outerwear, swimwear, activewear and lifestyle products
  • Brand founded in Chamonix, France in 1984 by Thierry Donard
  • Core proposition: high-performance technical apparel with fashion-led, retro-modern design positioned as affordable luxury

Core business

  • Designs, develops and sells apparel and lifestyle products that combine fashion, form, function and fun
  • Product categories:
    • Skiwear and outerwear (heritage category)
    • Spring/Summer: swimwear, activewear, surfwear
    • Knitwear, lifestyle apparel and accessories
  • Distribution:
    • Direct-to-consumer (ecommerce)
    • Selective wholesale partnerships with premium multichannel retailers
    • Short-term physical retail activations (pop-ups, shop-in-shops) to test markets
  • Growth focus: expand into year-round categories and curate a selective wholesale network
  • Retail expansion: plans to open Perfect Moment owned stores, including two concession locations planned for FY2027

Markets, audience and brand strategy

  • Primary markets: United States, United Kingdom, European Union; expansion activities into wider Europe and China (Tmall tests and potential joint ventures)
  • Brand visibility approach: premium editorials, influencer and celebrity collaborations, luxury destination presence, and selective editorial placements
  • Digital emphasis: digital-first, lifestyle-driven strategy to engage luxury and active consumers

Product strategy and innovation

  • Multi-season approach to reduce seasonality: Fall/Winter lifestyle lines, Spring/Summer expansion, and a multi-season lifestyle collection
  • SKU growth: style count planned to increase from approximately 75 to 220–240 styles annually
  • Pricing architecture: Good / Better / Best tiers to broaden access while supporting luxury collaborations
  • Storytelling and technical credibility: investment in CGI and AI-augmented storytelling; endorsements by elite athletes and professionals

Intellectual property and technology

  • Trademarks: principal asset is the “Perfect Moment” trademark (registered in the US and targeted foreign jurisdictions); logos and taglines protected
  • IP protections: trademarks, domain names, copyrights, design rights/design patents, trade secrets; confidentiality agreements and licensing where required
  • Technology platform: MACH architecture with service-oriented, cloud-focused, headless components to support omnichannel operations, scalability, speed and flexible front ends

Operations and supply chain

  • Manufacturing: hybrid sourcing across Europe and Asia; high-performance partners for outerwear and agile suppliers for lifestyle products
  • Fulfillment: regional centers serving North America, the UK and continental Europe; some production in China
  • Supplier base: approximately 31 vendors (24 produced in FY2026); about 54 fabric suppliers; largest single manufacturer accounted for ~31% of products in FY2026
  • Supply and distribution risks: exposure to tariffs, trade restrictions, currency fluctuations and regulatory compliance across jurisdictions; reliance on distribution centers and third-party logistics introduces potential disruption risks
  • Compliance and ethics: supplier risk management and ESG considerations drive ongoing supplier oversight and may affect costs

People and facilities

  • Employees: 52 full-time employees as of March 31, 2026 (50 full-time employees as of March 31, 2025)
  • Offices:
    • Corporate headquarters: London, England (10-year lease starting 2026 with a break option in 2031)
    • Hong Kong office: Perfect Moment Asia Limited (Level 17, Silvercord Tower 2, 30 Canton Road, Kowloon); service agreement through February 28, 2027

Financial snapshot

  • Operating income (loss):
    • FY2026: operating loss of 5,240
    • FY2025: operating loss of 13,796
  • IPO and financing:
    • Completed IPO on February 12, 2024 with net proceeds of approximately 6,009
  • Public company status:
    • Delisted from NYSE American on June 12, 2026; began trading on the OTCQB Venture Market on June 18, 2026 (ticker: PMNT)
  • Capital plan and liquidity:
    • Company expects to rely on debt and equity financing for working capital until operating cash flows become positive; may seek additional equity or debt financings
    • History of losses and going concern considerations are reflected in the filing
    • No cash dividends planned; future equity incentives may dilute existing holders
  • Audience and marketing reach (illustrative metrics):
    • Global UVPM: ~16.8 billion in FY2026 vs ~16.6 billion in FY2025 (monthly basis)
    • Total social audience (KOLs): ~1.2 billion in FY2026 vs 934 million in FY2025
    • Social audience during ski season (Q3–Q4): ~905.2 million in FY2026 vs ~597.1 million in FY2025
    • Global print circulation: 9.6 million in FY2026 vs 25.6 million in FY2025
    • Celebrity and influencer visibility has included figures such as Taylor Swift, Hailey Bieber, Priyanka Chopra Jonas, Kim Kardashian, Emma Roberts, Anitta and Miranda Kerr

Regulatory, legal and governance

  • Subject to labor, advertising, privacy and data security laws; product imports subject to tariffs and trade rules; GDPR/UK-GDPR and CCPA considerations apply
  • Corporate provisions include anti-takeover measures and a Delaware forum selection clause
  • As a public company, ongoing compliance costs and internal control requirements (including SOX 404 considerations) are relevant

Bottom line

Perfect Moment is a digitally native luxury skiwear and lifestyle brand that combines technical materials with fashion-focused design. It operates primarily through a direct-to-consumer model supported by selective wholesale partnerships, influencer collaborations and multi-channel retail strategies, with ongoing product and geographic expansion. The company has reported operating losses for FY2025 and FY2026, completed an IPO in 2024 and currently trades on the OTCQB.