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PAVS

Paranovus Entertainment Technology Ltd.

PAVS

Paranovus Entertainment Technology Ltd. • NASDAQ
$1.05 ▲ 15.26% (+0.14)
Market Cap $70.06 M
52w High $1.50
52w Low $0.43
Dividend Yield 0%
P/E -13.12
Volume 1.97M
Outstanding Shares 66.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $3.088K ▼ $5.627M ▲ $-6.127M ▼ -198.426K% ▼ $-0.04 ▼ $-952.304K ▲
Q2-2024 $68.454K ▼ $1.166M ▼ $-1.766M ▲ -2.58K% ▲ $-0.035 ▲ $-966.738K ▲
Q4-2023 $250.854K ▼ $17.376M ▲ $-18.322M ▼ -7.304K% ▼ $-1.4 ▼ $-5.66M ▼
Q2-2023 $6.294M ▼ $10.729M ▲ $8.196M ▲ 130.216% ▲ $1.73 ▲ $9.774M ▲
Q4-2022 $6.452M $2.464M $-1.949M -30.205% $-0.2 $-2.419M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $5.02M ▼ $35.564M ▲ $6.562M ▲ $24.257M ▼
Q2-2024 $27.262M ▲ $33.438M ▲ $3.448M ▲ $29.99M ▲
Q4-2023 $944.242K ▼ $7.729M ▼ $2.56M ▲ $5.581M ▼
Q2-2023 $1.037M ▼ $11.17M ▼ $493.082K ▼ $10.677M ▼
Q4-2022 $3.355M $36.34M $22.467M $14.759M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-6.54M ▼ $-736.724K ▲ $27.268M ▲ $-26.664M ▼ $-682.887K ▲ $-1.703M ▼
Q2-2024 $-1.766M ▲ $-1.933M ▼ $-54.314M ▼ $55.67M ▲ $-839.193K ▼ $-966.366K ▼
Q4-2023 $-18.322M ▼ $-169.618K ▲ $543.042K ▼ $0 $606.916K ▲ $-169.618K ▲
Q2-2023 $8.196M ▲ $-11.706M ▲ $11.155M ▲ $0 ▼ $-1.159M ▼ $-11.706M ▲
Q4-2022 $-49M $-12.522M $174.234K $1.547M $0 $-12.522M

Five-Year Company Overview

Income Statement

Income Statement The company’s recent income statement shows a very small and shrinking traditional business with almost no recurring revenue yet from its new AI entertainment focus. Over the last several years it has consistently lost money, even on this tiny revenue base. Gross profit has been weak, operating results are negative, and net losses have been steady, though in absolute dollar terms they are small. The pattern is typical of an early-stage or “reset” business: limited sales, ongoing expenses to keep the company running, and no clear evidence yet that the new strategy is translating into meaningful revenue or profitability.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a modest base of total assets and equity. Cash has trended down from earlier years, and while the company carries no debt, its financial cushion appears thin. Equity remains positive but has shrunk over time, reflecting accumulated losses. Overall, the company looks undercapitalized for an ambitious technology and entertainment pivot, which could limit its ability to absorb setbacks or invest heavily without new funding or asset inflows.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, even if the amounts are relatively small. Free cash flow has followed the same pattern, with no real offset from investment in long-term assets because capital spending is minimal. This suggests a business that is burning cash to cover operating costs without yet generating sustainable inflows. The lack of meaningful positive cash generation means the company likely depends on external capital or transactions to support its plans until the new strategy, if successful, starts to produce cash.

Competitive Edge

Competitive Edge Paranovus is trying to reinvent itself from a small, legacy packaged-goods style business into a niche AI entertainment and social commerce player. This places it up against very large and well-funded competitors in gaming, streaming, social media, and AI. Its potential edge lies in a narrow focus on AI-driven games and TikTok-linked e-commerce, plus the acquired expertise in influencer marketing and live-streaming. However, the company’s tiny scale, limited financial resources, and early-stage products mean its current competitive position is fragile. Execution risk is high, and gaining visibility in such crowded markets will be challenging.

Innovation and R&D

Innovation and R&D On the innovation side, the company is aiming high. It is developing an AI-driven life simulation game (“10,000 Lives”) and a digital twin app (“SimTwin”) that could enable highly personalized, interactive experiences. Combined with TikTok-focused e-commerce tools from the Bomie Wookoo acquisition, Paranovus is trying to build a connected ecosystem where entertainment feeds social commerce. Conceptually, this is forward-looking and could be differentiated if the technology and user experience are strong. But these products are still emerging, details on proprietary tech are limited, and the gap between vision and proven market traction remains wide.

Summary

Paranovus is in the middle of a major transformation, moving away from its old identity and sector into AI-powered entertainment and social commerce. Financially, it is very small, loss-making, and operating with a thin asset and cash base, though it has no debt. Cash burn is modest but persistent, and there is no evidence yet of a scalable revenue engine. Strategically, the new focus on AI games, digital avatars, and TikTok e-commerce is ambitious and sits in a fast-growing but very competitive space. The key questions going forward are whether its new products can attract and retain users, whether it can effectively integrate the Bomie Wookoo capabilities, and whether it can secure enough financial and strategic support to sustain the pivot from vision to a stable, cash-generating business.