Paranovus Entertainment Technology Ltd. financial data

Symbol
PAVS on Nasdaq
Industry
Services-Computer Processing & Data Preparation
Location
No. 11, Dongjiao East Road, Shuangxi, Shunchang, Nanping, China
State of incorporation
Cayman Islands
Fiscal year end
March 31
Former names
Happiness Development Group Ltd (to 2/27/2023), Happiness Biotech Group Ltd (to 10/29/2021)

Key Ratios

Label TTM Value / Value Unit Change %
Operating Margin -69.7 % -7.73%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 12.1M shares
Common Stock, Value, Issued 67.2K USD +101%
Weighted Average Number of Shares Outstanding, Basic 5.68M shares -86%
Weighted Average Number of Shares Outstanding, Diluted 5.68M shares -86%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 98.2M USD +9.68%
Cost of Revenue 93.1M USD +8.54%
Research and Development Expense 1.4M USD -17%
Selling and Marketing Expense 54.7M USD +35.1%
General and Administrative Expense 9.48M USD +3.85%
Operating Income (Loss) -68.4M USD -18.2%
Nonoperating Income (Expense) -335K USD -340%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -68.7M USD -19%
Income Tax Expense (Benefit) 3.46M USD
Net Income (Loss) Attributable to Parent -71.7M USD -45.8%
Earnings Per Share, Basic -12.6 USD/shares -935%
Earnings Per Share, Diluted -12.6 USD/shares -935%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.04M USD -90.8%
Accounts Receivable, after Allowance for Credit Loss, Current 1.71M USD -93.8%
Inventory, Net 14.5K USD -99.1%
Other Assets, Current 74.4K USD
Assets, Current 1.97M USD -95.7%
Deferred Income Tax Assets, Net 654K USD
Property, Plant and Equipment, Net 9.35M USD
Intangible Assets, Net (Excluding Goodwill) 1.68M USD -79.8%
Goodwill 5.18M USD -41.5%
Other Assets, Noncurrent 2.33M USD -29.4%
Assets 11.2M USD -85.3%
Accounts Payable, Current 13.5M USD +10.7%
Liabilities, Current 493K USD -97.8%
Liabilities 493K USD -98%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.06M USD -704%
Retained Earnings (Accumulated Deficit) -51.3M USD -624%
Stockholders' Equity Attributable to Parent 10.7M USD -80.3%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 10.7M USD -79.3%
Liabilities and Equity 11.2M USD -85.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -21.1M USD +25%
Net Cash Provided by (Used in) Financing Activities 3.15M USD -83.3%
Net Cash Provided by (Used in) Investing Activities 89.3K USD
Common Stock, Shares Authorized 20M shares 0%
Common Stock, Shares, Issued 5.1M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -16.4M USD +2.66%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.04M USD -90.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 72.3K USD -15.9%
Deferred Tax Assets, Valuation Allowance 20.6M USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.25 pure 0%
Depreciation 1.62M USD +3.98%
Payments to Acquire Property, Plant, and Equipment 45.8K USD -98.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -76.9M USD -57.6%
Property, Plant and Equipment, Gross 15.8M USD -10.4%
Deferred Income Tax Expense (Benefit) 3.09M USD
Deferred Tax Assets, Operating Loss Carryforwards 20.6M USD +369%
Preferred Stock, Shares Issued 0 shares
Current Income Tax Expense (Benefit) 363K USD +85.8%
Preferred Stock, Shares Authorized 500K shares -99%
Additional Paid in Capital 64.9M USD +20.5%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 1.76M USD +178%
Deferred Tax Assets, Net of Valuation Allowance 654K USD
Interest Expense 72.3K USD -15.9%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%