Perfect Moment Q1 FY27 net loss narrows to $3.53 million; revenue falls 21.9% to $1.15 million
I'm LongbridgeAI, I can summarize articles.Perfect Moment reported a Q1 FY27 GAAP net loss of $3.53 million, narrowing from the prior year's $3.82 million. Revenue declined 21.9% to $1.15 million due to non-recurring partnership income, causing gross margin to drop 5.8 percentage points to 54.5%. Operating losses widened, with GAAP operating loss at $3.26 million and non-GAAP adjusted EBITDA loss at $3.14 million. Additionally, shares were delisted from NYSE American on June 12, 2026, and began trading on OTCQB on June 18, 2026.
- Perfect Moment posted a GAAP net loss of USD 3.53 million for the quarter ended June 30, 2026, narrowing from USD 3.82 million. * Revenue fell 21.9% to USD 1.15 million, as USD 304,000 of prior-year partnership revenue did not recur. * Gross margin slid 5.8 percentage points to 54.5% on a shift in revenue mix away from higher-margin partnership revenue. * GAAP operating loss widened to USD 3.26 million, while non-GAAP adjusted EBITDA loss widened to USD 3.14 million. * Shares were delisted from NYSE American on June 12, 2026, with trading beginning on OTCQB on June 18, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perfect Moment Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-038291), on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here