Perfect Moment shares surge 11.09% intraday after Q2 sales jump 24% driven by 61% wholesale revenue growth.

Perfect Moment surged 11.09% intraday after reporting a 24% sales increase to $4.8 million in Q2, driven by a 61% rise in wholesale revenues. The company attributed the growth to expanded wholesale order books and improved operational efficiency, despite a 71% decline in e-commerce revenue as it transitions to a full-price brand model. Management highlighted progress toward profitability, with reduced net losses ($1.8M vs. $2.7M YoY) and strategic expansion, including the opening of its first physical store in Switzerland. The results and forward-looking optimism about winter season momentum and new partnerships likely fueled the intraday rally.