Perfect Moment (PMNT) investor relations material

Executive summary

• Revenue for the quarter ended June 30, 2026, was $1.2 million, down 21.9% year-over-year, mainly due to non-recurring partnership revenue and lower eCommerce sales as the company transitions to a full-price model.

• Net loss improved to $3.5 million from $3.8 million year-over-year, reflecting lower interest expense and margin contraction.

• The company was delisted from NYSE American and began trading on the OTCQB Venture Market in June 2026.

• Wholesale revenue surged 268% to $563,000, offsetting some of the eCommerce decline.

• Management is focused on brand repositioning, technology upgrades, and disciplined growth ahead of the peak winter season.

Financial highlights

• Gross margin declined to 54.5% from 60.3% year-over-year, mainly due to revenue mix shift.

• Adjusted EBITDA loss increased to $3.1 million from $2.6 million, driven by lower gross profit and higher operating costs.

• Cash and cash equivalents were $0.7 million as of June 30, 2026, with an accumulated deficit of $75.6 million.

• Operating expenses decreased 1.4% to $3.89 million.

• Operating cash outflow was $3.2 million for the quarter.

Outlook and guidance

• Management expects continued operating losses and negative cash flows as investments in growth persist.

• Liquidity is expected to be sufficient for at least the next 12 months, excluding production financing needs; additional capital may be sought.

• Focus is on the September launch of the Fall/Winter 2026 collection and ramping up eCommerce and marketing to drive full-price sales during the peak season.

• Inventory is well positioned for the upcoming winter season, supporting expectations for stronger sell-through.