Paranovus FY26 net loss widens to $15.72 million; revenue rises to $14.6 million

Reuters2026/08/14 12:32

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Paranovus posted revenue of $14.6 million, up from $71,542, while net loss widened to $15.72 million.
Operating loss widened to $14.66 million, driven by $6.56 million of goodwill impairment and $4.73 million of asset impairment.
Gross profit rose to $2.41 million, lifting gross margin to 16.5% from 12.6%.
Cash and cash equivalents climbed to about $10.3 million, while short-term investments totaled about $4.95 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paranovus Entertainment Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-26-000454), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Paranovus FY26 net loss widens to $15.72 million; revenue rises to $14.6 million

You may also like

Crypto prices