What is the revenue and EPS growth rate for Perfect year over year?

What were the key takeaways from Perfect's earnings call?

What is Perfect's gross profit margin?

What factors drove the changes in Perfect's revenue and profit?

What is Perfect's latest dividend and current dividend yield?

What does Perfect do and what are its main business segments?

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What guidance did Perfect's management provide for the next earnings period?

- **Q1 2025 Financial Highlights**: Revenue up 12.1% to $16M, net income surges 264% to $2.3M, driven by AI/AR cloud solutions and mobile app subscriptions.
- **New Product Success**: Global launch of YouCam AI Chat app with 8 language supports, integrating advanced Generative AI tools.
- **WANNA Integration Progress**: Added 13+ new B2B clients, expanding into shoes and luxury fashion; 3 U.S. beauty clients exited due to macroeconomic challenges.
- **AI Skin Solution Expansion**: Partnered with a major U.S. beauty retailer to offer AI-powered skincare routines, targeting millions of North American users.
- **Cash Position Strength**: $164.6M in cash, with $4.3M positive operating cash flow, supporting R&D and growth initiatives.


**【CEO Summary Section】**
- **Revenue Growth**: Q1 2025 revenue rose 12.1% YoY to $16 million, driven by AI/AR cloud solutions and mobile app subscriptions. Net income surged 264% to $2.3 million, with adjusted net income up 33.3% to $2 million.
- **B2C Momentum**: Active paying subscribers for YouCam apps increased 7.9% to 973,000. New YouCam AI Chat app launched globally with 8 language supports, integrating Generative AI tools for image creation and summarization.
- **WANNA Integration**: Smooth team integration, with global sales teams exploring new contracts in shoes and fashion. B2B client base expanded to 801 brands (891,000 SKUs), including WANNA's shoe-related SKUs.
- **AI Skin Solutions**: Launched AI skin analysis with a major U.S. beauty retailer, enabling personalized skincare routines via smartphone scans.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: AI/AR cloud solutions & subscriptions accounted for 88% of total revenue ($14.1 million). Licensing revenue remained stable at $1.6 million but is being phased out.
- **Gross Margin**: 77.9% (down 0.4% YoY due to higher payment processing fees). Operating expenses rose 2% to $12.6 million, driven by R&D ($3.6 million vs. $3 million YoY) and WANNA-related costs.
- **Cash Flow**: $164.6 million in cash, with $4.3 million positive operating cash flow. Mobile app subscription revenue growth offset a 2.7% decline in active subscribers, reflecting pricing optimization.
- **2025 Guidance**: Revenue growth expected 13-14.5% YoY, focused on B2C premium subscriptions and B2B WANNA integration.

**【Q&A Key Takeaways】**
- **YouCam AI Chat**: Globally launched with 8 languages; early feedback positive on AI tools and personalization.
- **WANNA Synergies**: Added 13+ key clients post-acquisition, but lost 3 U.S. beauty clients due to macroeconomic pressures. Focus on luxury retailers and multi-category solutions.
- **Customer Churn**: 3 U.S. beauty clients exited due to cost-cutting; no impact on top-tier clients. Focused on retaining mid-sized brands.
- **Acquisition Strategy**: Prioritize new verticals (e.g., luxury eyewear) over competitor acquisitions. Current focus on organic growth and R&D investment.
- **Capital Allocation**: Maintain $160 million cash reserve for R&D, marketing, and selective M&A. No immediate plans for dividend distribution.


Perfect Corp. (PERF) Q1 2025 Earnings Call Transcript

- **Revenue Growth**: 12.5% YoY to $60.2M, driven by 14.3% B2C subscriber expansion to 1M.
- **AI/AR Expansion**: GenAI Hair features and Wanna acquisition target 13-14.5% 2025 revenue growth.
- **B2B Momentum**: 732 clients, 822K SKUs, but 2025 B2B contribution to drop to 30-40% of revenue.
- **Financial Health**: $165.9M cash, 18.6% adjusted net income growth, cautious 2025 margin outlook.
- **AI Innovation**: GenAI Hair, YouCam Online Editor, and AI assistants set to redefine beauty/fashion engagement.


**【CEO Summary Section】**
- **2024 Full Year Performance**: Total revenue grew 12.5% YoY to $60.2 million, with adjusted net income up 18.6% to $8.3 million. B2C mobile app subscriptions drove 14.3% YoY growth in active paying subscribers to 1 million.
- **AI/AR Innovations**: GenAI Hair features (e.g., style, color, volume) and YouCam Online Editor expanded user engagement. Acquired Wanna from Farfetch to enhance luxury fashion VTO solutions, targeting 13-14.5% YoY revenue growth in 2025.
- **B2B Expansion**: 732 brand clients onboarded with 822,000 SKUs, focusing on AI-powered skin diagnostics and makeup try-ons. 24 new clients added Q4, maintaining 151 key accounts.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: Revenue $15.9M (+12.4% YoY), AI/AR cloud solutions $15.1M (+25.4%). Gross profit $11.8M (74.1% margin), adjusted net income $2.3M (+8.2%). Full year operating cash flow $13M, cash reserves $165.9M.
- **Cost Management**: Operating expenses down 3.6% QoQ to $12.2M, driven by R&D and G&A savings. Sales & marketing up 3.6% due to app subscription growth. 2025 guidance: 13-14.5% revenue growth, balanced B2C/B2B expansion.

**【Q&A Key Highlights】**
- **B2B Growth Challenges**: B2B pipeline strong but cautious spending from luxury brands amid macro uncertainty. 2025 B2B revenue expected to be 30-40% of total, down from 40%+ in 2024.
- **Gross Margin Pressure**: Q4 B2C dominance (95% of revenue) vs. slower B2B growth caused 6% QoQ margin decline. 2025 margin recovery tied to B2B rebound.
- **Wanna Integration**: 40+ days post-acquisition, full go-to-market sync expected H2 2025. Wanna's 20+ luxury clients (e.g., Balenciaga, Gucci) complement Perfect's beauty tech leadership.
- **AI Investment**: R&D focus on GenAI models and AI assistants for B2C/B2B. Digital marketing to scale app subscriptions amid smartphone adoption.


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