Perfect Moment Ltd. Files 2024 10-K

TL;DR

Perfect Moment Ltd. dropped its 2024 10-K. All the deets on revenue, costs, and future plans are in there.

AI Summary

Perfect Moment Ltd. filed its 10-K for the fiscal year ending March 31, 2024, reporting on its financial performance and business operations. The company, incorporated in Delaware and headquartered in London, operates in the apparel industry. Key financial data and operational details for the period are presented in this comprehensive annual filing.

Why It Matters

This filing provides investors and stakeholders with a detailed overview of Perfect Moment Ltd.'s financial health and strategic direction for the fiscal year 2024, crucial for understanding the company's performance and future prospects.

Risk Assessment

Risk Level: medium — As a public company filing a 10-K, there are inherent risks related to financial reporting, market conditions, and operational challenges that require careful consideration.

Key Numbers

• 2024-03-31 — Fiscal Year End (Reporting period for the 10-K)
• 2023-04-01 — Fiscal Year Start (Beginning of the reporting period)
• 0001849221 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• Perfect Moment Ltd. (company) — Filer of the 10-K
• 2024-03-31 (date) — Fiscal year end
• London (location) — Company headquarters
• Delaware (location) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value PMNT NYSE American LLC
• $1.6 billion — al luxury ski wear market was valued at $1.6 billion in 2022 and is expected to expand at a
• $2.4 billion — Growth Rate ("CAGR") of 6.35% reaching $2.4 billion by 2028. We believe the global luxury s
• $15.9 billion — l luxury outerwear market was valued at $15.9 billion in 2022 and is expected to expand at a
• $23.2 billion — d to expand at a CAGR of 6.51% reaching $23.2 billion by 2028. Again, we believe the demograp
• $8.1 billion — y $2.4 billion in 2017 to approximately $8.1 billion in 2026, and with the COVID-19 pandemic

Filing Documents

• form10-k.htm (10-K) — 2302KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• ex97-1.htm (EX-97.1) — 62KB
• 0001493152-24-025792.txt ( ) — 9395KB
• pmnt-20240331.xsd (EX-101.SCH) — 62KB
• pmnt-20240331_cal.xml (EX-101.CAL) — 79KB
• pmnt-20240331_def.xml (EX-101.DEF) — 302KB
• pmnt-20240331_lab.xml (EX-101.LAB) — 514KB
• pmnt-20240331_pre.xml (EX-101.PRE) — 441KB
• form10-k_htm.xml (XML) — 1415KB

RISK FACTORS

ITEM 1A. RISK FACTORS 12

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS 36

CYBERSECURITY

ITEM 1C. CYBERSECURITY 36

PROPERTIES

ITEM 2. PROPERTIES 36

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS 36

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 36 PART II 37

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 37

[RESERVED]

ITEM 6. [RESERVED] 37

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 37

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 53

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 53

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 53

CONTROLS AND PROCEDURES

ITEM 9A. CONTROLS AND PROCEDURES 53

OTHER INFORMATION

ITEM 9B. OTHER INFORMATION 54

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 54 PART III 54

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 54

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION 61

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 72

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 74

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 76 PART IV 76

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 76

FORM 10-K SUMMARY

ITEM 16. FORM 10-K SUMMARY 76 ii CAUTIONARY NOTE REGARDING Forward-Looking Statements This Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (this "Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements are subject to considerable risks and uncertainties. These forward-looking statements are not historical facts but rather are plans and predictions based on current expectations, estimates, and projections about our industry, our beliefs, and assumptions. Forward-looking revenue, expenses, margins, profitability, capital expenditures, liquidity, capital resources and other operating information, and can be identified by words such as "may," "will," "could," "should," "anticipate," "expect," "intend," "project," "plan," "believe," "seek," "assume," and variations of these words and similar expressions. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from those that we are currently expecting, and are subject to considerable risks and uncertainties, including without limitation: our expectations regarding our revenue, expenses, profitability and other operating results; the growth rates of the markets in which we compete; the costs and effectiveness of our marketing efforts, as well as our ability to promote our brand; our ability to provide quality products that are acceptable to our customers; our reliance on key personnel and our ability to identify, recruit and retain skilled personnel; our ability to effectively manage our growth, including offering new product categories and any internat

View Full Filing

View this 10-K filing on SEC EDGAR