Paranovus Entertainment Technology Ltd. (PAVS) Form 20-F — Aug 14, 2026
Paranovus Entertainment Technology (PAVS) filed its FY2026 annual report showing revenue of $14,602,369 for the year ended March 31, 2026, up from just $71,542 a year earlier, driven by the first full year of its 51%-owned TikTok e-commerce unit BW. Net loss widened to $15,715,049 from $8,305,429, weighed down by a $6,563,746 goodwill impairment, a $4,725,428 asset impairment, and $1,238,844 of income tax expense. The company has fully transformed from its China-based legacy operations — nutraceuticals, e-commerce, internet advertising, and auto sales were all divested or suspended between 2023 and 2024, and AI entertainment projects SimTwin and 10,000 Lives were discontinued in March 2025.
Key figures
- Revenue
- 14602369
- Revenue Yoy
- up from $71,542 in FY2025 (first full year of BW consolidation)
- Reverse split 1
- 1-for-12 effective March 31, 2026
- Reverse split 2
- 1-for-100 effective June 29, 2026
- Asset impairment
- 4725428
- Income tax expense
- 1238844
- Bw acquisition date
- March 25, 2025
- Goodwill impairment
- 6563746
- Bw ownership percent
- 51%
- Heyviva closing date
- August 5, 2026
- Bw full time employees
- 29
- Heyviva purchase price
- 33000000
- Class a shares outstanding
- 78732
- Class b shares outstanding
- 321
- Bw acquisition consideration
- 22440000
- Prior year discontinued ops loss
- 1302782
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