Perfect Moment announced on Friday sales for the second quarter surged 24% to $4.8 million, on the back of strong wholesale revenues at the après skiwear brand.

The London-based company said wholesale revenues skyrocketed 61% for the three months ending September 30, thanks to growth across its wholesale order book and improved operational execution, according to a press release.

However, e-commerce revenue decreased 71%, as the company shifts away from discounted online sales and transitions toward a full-price brand model. Historically, a large amount of e-commerce revenue came from promotional activity, the company added.

For the quarter, net loss was $1.8 million, or a loss of $0.06 per diluted share, compared to a net loss of $2.7 million, or a loss of $0.17 per diluted share, in t

See Full Page