Paranovus Entertainment Technology Ltd.PAVS
What Paranovus Entertainment Technology Ltd. does.
We are a holding company incorporated in Cayman Islands with no material operations of our own. Currently, our operation is conducted through our 51% owned subsidiary, BW, in the U.S. Historically, through our operating subsidiaries in the PRC, we engaged in the (i) nutraceutical and dietary supplements business (divested in August 2023), (ii) e-commerce business (suspended in September 2023), (iii) internet information and advertising business (suspended in September 2023) and (iv) automobile sale business (divested in July 2024).
On March 25, 2025, we closed an acquisition transaction of 51% equity interests of BW for a total consideration of $22,440,000 in cash. BW operates through its two wholly owned subsidiaries, Bomie US LLC in New Jersey and WooKoo LLC in Texas, engaging in e-commerce business on TikTok as well as providing e-commerce solutions to customers. This acquisition aligns with the Company’s strategy to expand into marketing-commerce field. By securing a majority interest in BW, the Company aims to capitalize on the growing interests demand for TikTok-driven e-commerce and related solutions.
BW, through its wholly owned subsidiaries, Bomie US LLC (“Bomie US”) and WooKoo LLC (“Wookoo”), engages in product sales through offline and e-commerce channels and provides TikTok-related e-commerce solutions to customers.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $71.5M | $20.8M | $0 | $0 | $71,542 | $14.6M |
| Net income | $786,356 | -$48.8M | -$71.7M | -$10.1M | -$7.9M | -$12.7M |
| Free cash flow | $121,026 | -$10.8M | -$20.7M | -$13.1M | -$2.7M | -$1.4M |
More on PAVS.
- Paranovus Entertainment Technology Ltd. summary
- Paranovus Entertainment Technology Ltd. financial statements
- Paranovus Entertainment Technology Ltd. key metrics
- Paranovus Entertainment Technology Ltd. health scores and style box
- Paranovus Entertainment Technology Ltd. earnings
- Paranovus Entertainment Technology Ltd. dividends
- Paranovus Entertainment Technology Ltd. valuation
- Paranovus Entertainment Technology Ltd. ownership and insiders
- Paranovus Entertainment Technology Ltd. peers
Figures from Paranovus Entertainment Technology Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.