11 July 2026
Perfect Moment Ltd.
CIK: 1849221•3 Annual Reports•Latest: 2026-06-29
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.
