Perfect Moment Reports Preliminary Fiscal Q4 & Full Year Results, Raises $3M in Stock Sale

Perfect Moment Ltd. (NYSE American: PMNT), the high-performance luxury skiwear and lifestyle brand, reported preliminary unaudited financial results for its fiscal fourth quarter and year ended March 31, 2025.

Despite broader market softness impacting luxury apparel, in the fourth fiscal quarter Perfect Moment is expected to deliver a 2.6% increase in revenue to $5.0 million. For the full year, revenue is expected to decline 12% to $21.4 million. However, excluding the Hugo Boss collaboration which ended in fiscal 2024, revenue rose an estimated 1% year-over-year.

Perfect Moment, Ltd. also raised gross proceeeds of $3 million before deducting underwriting discounts and offering expenses in a stock sale.

The London-based skiwear and activewear company reported that it sold 10 million shares for $0.30 a share. In addition, the company has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares to cover over-allotments

Perfect Moment intends to use the net proceeds from the offering primarily for repayment of debt, working capital and general corporate purposes.

ThinkEquity is acting as the sole book-running manager for the offering.

Revenue was lower in part due to one of the company’s largest wholesale customers, Matches Fashion, filing for bankruptcy. Alongside increased investment in leadership, infrastructure, and brand positioning, this adversely impacted operating results. As a result, the company expects to report a net loss of approximately $16.0 million for FY25.

“This past year has been one of consolidation and transformation,” stated Perfect Moment chairman, Max Gottschalk. “We’ve taken decisive steps to meaningfully upgrade our management team, address inefficiencies and instill a culture of operational discipline. I’m extremely excited about the trajectory we are now on—and this is just the beginning.”

Under the new senior leadership, including key hires from Canada Goose, LVMH, and Timberland, the company is executing a renewed strategy focused on profitability and building long-term brand equity. While still in the early stages, these efforts have already begun to bear fruit:

Record Wholesale Order Book: Perfect Moment has secured over $12.7 million in wholesale pre-orders for the Autumn/Winter 2025 season—a 30% increase from the prior year and the highest in company history (excluding collaborations).
Sales Force Expansion: Five new regional agencies were signed and 50 new accounts have been opened globally since September.
Margin Expansion and Operating Cost Savings: Major efficiency programs were implemented, including the launch of U.S. and European distribution hubs and improved logistics, resulting in reduced duties and costs.
Reduced Discounting: Improved full-price sell-through and reduced reliance on promotions, demonstrating increasing pricing power and strong consumer demand.
“Since I joined Perfect Moment in February, we’ve made rapid progress in laying the foundation for long-term, profitable growth,” noted company CFO and COO, Chath Weerasinghe. “Our ability to increase orders, improve margins, and grow our global presence despite the macroeconomic headwinds is a testament to the strength of our brand and the capabilities of our new leadership team.”

Perfect Moment also reported exceptional growth in digital engagement and brand visibility—further reinforcing the brand’s positioning as a global luxury icon well ahead of its current revenue base:

• 934M+ Social Audience Reached: Content posted by celebrities, fashion models, and global influencers (KOLs) organically reached more than 934 million people in FY25, reinforcing Perfect Moment’s status in the cultural zeitgeist.
• 16.6 Billion+ Monthly Unique Visitors (UVPM): Global digital media coverage drove more than 16.6 billion monthly unique visitors aggregated over a 12-month period, a 108% year-over-year increase and placing Perfect Moment on par with leading global lifestyle brands such as Apple and Nike.
• Social Media Growth: Followers across Instagram, Facebook, and TikTok exceeded 440,000, a 15% YoY increase, highlighting Perfect Moment’s growing community of highly engaged customers and advocates.
• Fiscal 2025 also included a successful high-profile collaboration with Diageo’s Johnnie Walker Blue Label and the recently announced BWT Alpine Formula 1 Team which elevate the company’s brand prestige across the performance and fashion spheres.

Looking ahead, the company plans to further expand beyond ski into year-round luxury outerwear and accessories, addressing a $30 billion+ global market that is growing at a 6.7% CAGR.

“Our strategy is clear: to expand from slope to après, blending technical performance with fashion-led design across seasons,” said Jane Gottschalk, president and chief creative officer. “We have built a community, not just a customer base, and we are ready to take our brand to the next level.”