Paranovus FY26 net loss widens to $15.72 million; revenue rises to $14.6 million
PAVS•FY26 results show higher revenue and wider loss
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.
