New Risk • Apr 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 136% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Shareholders have been substantially diluted in the past year (136% increase in shares outstanding). Market cap is less than US$10m (US$2.90m market cap). New Risk • Mar 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Market cap is less than US$10m (US$468.2k market cap). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Mar 25
Paranovus Entertainment Technology Ltd. has filed a Follow-on Equity Offering in the amount of $5 million. Paranovus Entertainment Technology Ltd. has filed a Follow-on Equity Offering in the amount of $5 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,285,715
Price\Range: $0.35
Transaction Features: Registered Direct Offering New Risk • Mar 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 460% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Shareholders have been substantially diluted in the past year (460% increase in shares outstanding). Market cap is less than US$10m (US$2.12m market cap). Announcement • Mar 24
Paranovus Entertainment Technology Ltd. has completed a Follow-on Equity Offering. Paranovus Entertainment Technology Ltd. has completed a Follow-on Equity Offering.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,568,805
Price\Range: $6.154374
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,880,052
Transaction Features: At the Market Offering Reported Earnings • Dec 08
First half 2026 earnings released: US$0.008 loss per share (vs US$0.035 loss in 1H 2025) First half 2026 results: US$0.008 loss per share (improved from US$0.035 loss in 1H 2025). Revenue: US$12.4m (up US$12.3m from 1H 2025). Net loss: US$681.0k (loss narrowed 23% from 1H 2025). New Risk • Dec 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$5.25m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (US$72k revenue). Market cap is less than US$10m (US$5.25m market cap). Announcement • Nov 11
Paranovus Entertainment Technology Ltd., Annual General Meeting, Nov 26, 2025 Paranovus Entertainment Technology Ltd., Annual General Meeting, Nov 26, 2025. Location: 250 park avenue, 7th floor, ny 10177., new york United States Board Change • Oct 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director David Lu is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Paranovus Entertainment Technology Ltd. has filed a Follow-on Equity Offering in the amount of $100 million. Paranovus Entertainment Technology Ltd. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Aug 01
Paranovus Entertainment Technology Ltd. announced delayed 20-F filing On 07/31/2025, Paranovus Entertainment Technology Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$58.6m market cap). Buy Or Sell Opportunity • Jul 23
Now 30% overvalued Over the last 90 days, the stock has fallen 25% to US$0.98. The fair value is estimated to be US$0.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 85% over the last 3 years. Earnings per share has grown by 69%. Announcement • Jul 18
Paranovus Entertainment Technology Limited Receives Bid Deficiency Notice from Nasdaq Paranovus Entertainment Technology Limited announced on July 11, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq"), notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company's Class A ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the Company has until January 7, 2026 to regain compliance. If at any time during such 180-day period the closing bid price of the Company's Class A ordinary shares is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance. If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar days, provided that the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq except for Nasdaq Listing Rule 5550(a)(2), and provide a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary. Buy Or Sell Opportunity • Jun 11
Now 24% overvalued Over the last 90 days, the stock has fallen 29% to US$0.99. The fair value is estimated to be US$0.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 85% over the last 3 years. Earnings per share has grown by 69%. Reported Earnings • Apr 29
First half 2025 earnings released: US$0.035 loss per share (vs US$2.06 profit in 1H 2024) First half 2025 results: US$0.035 loss per share (down from US$2.06 profit in 1H 2024). Revenue: US$68.5k (down 99% from 1H 2024). Net loss: US$880.2k (down 109% from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Paranovus Entertainment Technology Receives Nasdaq Notification Letter Related to Late Filing of Form 6-K Paranovus Entertainment Technology Limited ("PAVS" or the "Company") announced that it has received a letter from the Nasdaq Stock Market LLC ("Nasdaq"), dated April 9, 2025 (the "Deficiency Letter"), notifying the Company that it is not in compliance with the requirements for continued listing set in Nasdaq Listing Rule 5250(c)(2) because it did not timely file its Form 6-K (the "Filing") for the period ended September 30, 2024, reporting interim financial information for the six-month period there ended. In accordance with Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Deficiency Letter to submit a plan to regain compliance with Nasdaq Listing Rules (the "Compliance Plan"). If Nasdaq accepts the Compliance Plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the Filing's due date, or until September 29, 2025, to regain compliance. The Company intends either to file the required Filing or submit the Compliance Plan within the prescribed 60-day period. The Deficiency Letter has no immediate impact on the listing of the Company's Class A ordinary shares on the Nasdaq Capital Market. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. New Risk • Feb 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (US$92.9m market cap). Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director David Lu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 02
Paranovus Entertainment Technology Ltd. announced delayed 20-F filing On 08/01/2024, Paranovus Entertainment Technology Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Jul 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. Market cap is less than US$10m (US$7.48m market cap). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director David Lu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director John Levy is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.82m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$25m free cash flow). Earnings have declined by 72% per year over the past 5 years. Market cap is less than US$10m (US$9.82m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Reported Earnings • Jan 15
First half 2024 earnings released: EPS: US$2.06 (vs US$0.053 loss in 1H 2023) First half 2024 results: EPS: US$2.06 (up from US$0.053 loss in 1H 2023). Revenue: US$6.29m (down 63% from 1H 2023). Net income: US$9.75m (up US$11.9m from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 9 percentage points per year, which is a significant difference in performance. Announcement • Sep 07
Paranovus Entertainment Technology Ltd. (NasdaqCM:PAVS) entered into a non-binding letter of intent to acquire 100% of Blueline Studios Inc. from Caravan Digital L.P. Paranovus Entertainment Technology Ltd. (NasdaqCM:PAVS) entered into a non-binding letter of intent to acquire 100% of Blueline Studios Inc. from Caravan Digital L.P. on September 5, 2023. Under the terms of the LOI, BlueLine will have a right of first offer for any talent-related game development projects from Caravan for five years following the closing of the acquisition. Transaction is subject to customary closing conditions and, dependent on the results of due diligence and negotiation of the definitive documents between the parties, may require material modifications to the terms set forth in the LOI. Reported Earnings • Jul 31
Full year 2023 earnings released: US$253 loss per share (vs US$24.30 loss in FY 2022) Full year 2023 results: US$253 loss per share (further deteriorated from US$24.30 loss in FY 2022). Revenue: US$98.2m (up 9.7% from FY 2022). Net loss: US$71.7m (loss widened 46% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Jun 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 81% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$20.9m market cap). Announcement • May 19
Paranovus Entertainment Technology Ltd., Annual General Meeting, Jun 30, 2023 Paranovus Entertainment Technology Ltd., Annual General Meeting, Jun 30, 2023, at 10:00 US Eastern Standard Time. Location: No. 11, Dongjiao East Road, Shunchang County, Nanping Fujian Province China Agenda: To consider the election of each of the five directors named in the notice to shareholders to hold office until the next annual meeting of shareholders and until his/her respective successor is elected and duly qualified; to consider the ratification of the appointment of TPS Thayer LLC as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2023; and to approve the proposed sale of the subsidiaries, Fujian Happiness Biotech Co., Limited (“Fujian Happiness”) and its subsidiaries Shunchang Happiness Nutraceutical Co., Ltd., Fujian Shennong Jiagu Development Co., Ltd., and Fuzhou Hekangyuan Trading Co., Ltd. to Fujian Hengda Beverage Co., Ltd, a PRC company, in exchange for cash consideration of RMB 78 million, approximately $11.3 million. Reported Earnings • Feb 20
First half 2023 earnings released: US$9.57 loss per share (vs US$0.37 loss in 1H 2022) First half 2023 results: US$9.57 loss per share (further deteriorated from US$0.37 loss in 1H 2022). Revenue: US$53.0m (up 13% from 1H 2022). Net loss: US$19.4m (loss widened 93% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 11
First half 2023 earnings released: US$9.57 loss per share (vs US$0.37 loss in 1H 2022) First half 2023 results: US$9.57 loss per share (further deteriorated from US$0.37 loss in 1H 2022). Revenue: US$53.0m (up 13% from 1H 2022). Net loss: US$19.4m (loss widened 93% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Board Change • Nov 01
High number of new directors Independent Director Lun Liu was the last director to join the board, commencing their role in 2021. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Chairman & CEO Xuezhu Wang is the most experienced director on the board, commencing their role in 2018. Independent Director John Levy was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Jan 09
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: US$0.37 loss per share (down from US$0.13 profit in 1H 2021). Revenue: US$46.9m (up 114% from 1H 2021). Net loss: US$10.1m (down 416% from profit in 1H 2021). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 12% compared to a 15% growth forecast for the industry in the US. Board Change • Nov 03
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director John Levy is the most experienced director on the board, commencing their role in 2019. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 16% share price gain to US$1.23, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Personal Products industry in the US. Total loss to shareholders of 39% over the past year. Reported Earnings • Aug 05
Full year 2021 earnings released: EPS US$0.03 (vs US$0.53 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: US$71.5m (up 9.9% from FY 2020). Net income: US$786.4k (down 94% from FY 2020). Profit margin: 1.1% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$2.11, the stock is trading at a trailing P/E ratio of 7x, down from the previous P/E ratio of 8.6x. This compares to an average P/E of 20x in the Personal Products industry in the US. Total return to shareholders over the past year is a loss of 55%. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 17% share price gain to US$2.40, the stock is trading at a trailing P/E ratio of 8x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 21x in the Personal Products industry in the US. Total return to shareholders over the past year is a loss of 33%. Is New 90 Day High Low • Feb 10
New 90-day high: US$2.40 The company is up 30% from its price of US$1.84 on 11 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is up 18% over the same period. Reported Earnings • Jan 25
First half 2021 earnings released: EPS US$0.13 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: US$21.9m (down 30% from 1H 2020). Net income: US$3.18m (down 62% from 1H 2020). Profit margin: 15% (down from 27% in 1H 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 25% share price gain to US$2.12, the stock is trading at a trailing P/E ratio of 4x, up from the previous P/E ratio of 3.2x. This compares to an average P/E of 19x in the Personal Products industry in the US. Total return to shareholders over the past year is a loss of 52%. Is New 90 Day High Low • Jan 12
New 90-day high: US$2.12 The company is up 18% from its price of US$1.79 on 13 October 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Personal Products industry, which is up 26% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: US$1.68 The company is down 33% from its price of US$2.49 on 31 July 2020. The American market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: US$1.93 The company is down 32% from its price of US$2.85 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 10.0% over the same period.