Perfect Moment Ltd. Files 10-Q for Period Ending December 31, 2023

AI Summary

Perfect Moment Ltd. (PMNT) filed a Quarterly Report (10-Q) with the SEC on March 25, 2024. Perfect Moment Ltd. filed its 10-Q for the period ending December 31, 2023. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on March 31st. Perfect Moment Ltd. is incorporated in Delaware. The company's principal business address is in London, UK.

Why It Matters

For investors and stakeholders tracking Perfect Moment Ltd., this filing contains several important signals. This filing provides investors with the latest financial performance data for Perfect Moment Ltd., crucial for assessing the company's current health and future prospects. Understanding the details within this 10-Q is essential for stakeholders to make informed investment decisions regarding Perfect Moment Ltd.

Risk Assessment

Risk Level: low — Perfect Moment Ltd. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant new disclosures that would suggest a high-risk profile based solely on the header information.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the full 10-Q filing to understand revenue trends, profitability, and any significant operational changes.

Key Numbers

• 2023-12-31 — Period End Date (Conformed period of report)
• 2024-03-25 — Filing Date (Filed as of date)
• 0331 — Fiscal Year End (Fiscal year end)
• 2300 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Perfect Moment Ltd. (company) — Filer name
• 2023-12-31 (date) — Conformed period of report
• 2024-03-25 (date) — Filed as of date
• DE (state) — State of incorporation
• London (location) — Business address city
• W10 5BN (zip_code) — Business address zip
• 4402045588849 (phone_number) — Business phone
• 001-41930 (sec_file_number) — SEC file number

FAQ

Industry Context

Perfect Moment Ltd. operates within the apparel industry, specifically focusing on finished products made from fabrics.

Regulatory Implications

The company is subject to standard SEC reporting requirements for publicly traded companies, including the filing of quarterly reports (10-Q).

What Investors Should Do

1. Analyze the revenue breakdown by segment (Wholesale, Ecommerce) for the reported periods.
2. Examine the balance sheet for changes in assets, liabilities, and equity compared to prior periods.
3. Review the cash flow statement to understand the company's cash generation and usage.

Key Dates

• 2023-12-31: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-03-25: Filing Date — Date the 10-Q report was officially submitted to the SEC.
• 2024-03-31: Fiscal Year End — Indicates the end of the company's fiscal year.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending December 31, 2023, and no prior filing data is available in this extract for comparison.

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 PMNT NYSE American LLC Indicate b

Filing Documents

• form10-q.htm (10-Q) — 1540KB
• ex31-1.htm (EX-31.1) — 20KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-011153.txt ( ) — 7196KB
• pmnt-20231231.xsd (EX-101.SCH) — 45KB
• pmnt-20231231_cal.xml (EX-101.CAL) — 71KB
• pmnt-20231231_def.xml (EX-101.DEF) — 316KB
• pmnt-20231231_lab.xml (EX-101.LAB) — 410KB
• pmnt-20231231_pre.xml (EX-101.PRE) — 389KB
• form10-q_htm.xml (XML) — 1023KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 2

Condensed Financial Statements (Unaudited)

Item 1. Condensed Financial Statements (Unaudited) 2 Condensed Consolidated Balance Sheets – December 31, 2023 and March 31, 2023 (Audited) 2 Condensed Consolidated Statements of Operations and Comprehensive Loss – Three and Nine Months Ended December 31, 2023 and 2022 3 Condensed Consolidated Statements of Shareholders' Equity – Three and Nine Months Ended December 31, 2023 and 2022 4 Condensed Consolidated Statements of Cash Flows –Nine Months Ended December 31, 2023 and 2022 6 Notes to Condensed Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 40

Controls and Procedures

Item 4. Controls and Procedures 40

- OTHER INFORMATION

PART II - OTHER INFORMATION 41

Legal Proceedings

Item 1. Legal Proceedings 41

Risk Factors

Item 1A. Risk Factors 41

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 65

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 65

Other Information

Item 5. Other Information 65

Exhibits

Item 6. Exhibits 66

Signatures

Signatures 67 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, business strategy, and plans and objectives of management for future operations are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "toward," "will," or "would," or the negative of these words or other similar terms or expressions. These forward-looking 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 international expansion; our ability to maintain the security and availability of our software; our ability to protect our intellectual property rights and avoid disputes in connection with the use of intellectual property rights of others; our ability to protect our users' information and comply with growing and evolving data privacy laws and regulations; future investments in our business, our anti

View Full Filing

View this 10-Q filing on SEC EDGAR