Welcome to our dedicated page for Perfect news (Ticker: PERF), a resource for investors and traders seeking the latest updates and insights on Perfect stock.
Perfect Corp. (NYSE: PERF) is a transformative player in the beauty and fashion tech industries, dedicated to revolutionizing how consumers, content creators, and brands interact. The company's innovative omni-channel solutions leverage cutting-edge AI and AR technologies to provide highly personalized, interactive experiences, both online and in-store. Their flagship apps, YouCam Makeup and YouCam Perfect, have redefined virtual beauty for millions of users worldwide.
Perfect Corp. operates a global presence, with significant activities in the United States, France, Japan, and other regions. The company's technology is a game-changer across various sectors including luxury beauty, fashion brands, skincare clinics, hair care brands, and even major film studios, driving growth and enhancing customer engagement.
Recent collaborations highlight the company's impact:
- Aveda Hair Color Try-On: Aveda saw a 220% increase in website traffic after introducing an AR virtual hair color try-on tool powered by Perfect Corp.'s technology.
- Valmont Skin Analysis: Partnered with Valmont to launch the V-FIRM series, offering personalized skincare solutions through AI-driven skin analysis.
- TRESemmé Hairstyle Try-On: Enhanced online shopping with an AI-powered virtual try-on tool for various hairstyles, enriching customer experience and supporting diversity and inclusion.
- Paramount Pictures and 'Top Gun: Maverick': Utilized AR for an immersive marketing campaign, significantly contributing to the movie's promotional success.
Perfect Corp. continues to push the boundaries of technology, aiming to create a fluid environment where users can express themselves, stay updated with the latest in fashion and beauty, and gain instant access to their favorite products.
Perfect Corp. (NYSE: PERF) reported strong financial results for Q4 and full year 2024. Q4 revenue reached $15.9 million, up 12.4% YoY, driven by AI/AR cloud solutions and mobile app subscriptions. The company achieved $1.1 million in Q4 net income, though down 21.8% YoY.
Full-year 2024 highlights include:
- Revenue of $60.2 million, up 12.5% YoY
- Net income of $5.0 million
- Operating cash flow of $13.0 million
- Record high of over 1 million active YouCam app subscribers
- 732 brand clients with 822,000 digital SKUs
The company maintains a strong balance sheet with $127.1 million in cash and equivalents. Perfect recently acquired Wannaby Inc., expanding its AR capabilities in fashion. For 2025, the company projects revenue growth of 13-14.5% YoY.
Perfect Corp. (NYSE: PERF) has partnered with Skinworx, a provider of skincare and aesthetic treatments, to integrate Perfect Corp.'s Skincare Pro AI Software at Skinworx's medspa in Walnut Creek, California.
The AI-powered technology analyzes various skin concerns in seconds, enabling Skinworx professionals to accurately assess each guest's skin condition and recommend personalized treatments like Hydrafacials, Botox, and Microneedling.
Cheryl Pierce, Founder of Skinworx, emphasized their commitment to providing advanced treatments, while Alice Chang, Founder and CEO of Perfect Corp., highlighted how the technology delivers fast, detailed skin assessments for personalized treatment plans.
Perfect Corp. works with over 650 partners globally, helping brands embrace digital transformation through AI innovations including virtual try-ons, skin analyses, and personalized product recommendation tools.
Perfect Corp. (NYSE: PERF) has partnered with Inovshop Group to launch its AI Skin Analysis tool, Skincare Pro, at Amazon's first parapharmacy in Milan, which opened on February 12. The implementation features self-service mirrors equipped with iPads that analyze 15 unique skin concerns to create customized skin profiles for customers.
The technology integration includes Inovshop's 'Place & Learn' feature, where customers can place products on sensor-equipped surfaces to instantly access product information. The collaboration aims to transform traditional shopping into an immersive, tech-enhanced experience by combining AI-driven skincare diagnostics with intuitive product engagement features.
The partnership demonstrates how AI technology can reshape customer experience in retail settings, enabling Amazon's staff to provide personalized product recommendations based on AI-driven real-time skin analysis.
Perfect Corp. (NYSE: PERF), a global leader in AR and AI SaaS solutions for beauty and fashion industries, has announced its plans to release financial results for the full year 2024 before U.S. markets open on February 26, 2025. The company will host a conference call at 7:30 p.m. Eastern Time on the same day (8:30 a.m. Taipei Standard Time on February 27, 2025) to discuss financial results and latest developments. Interested participants must register in advance to receive dial-in details and access PIN. A live and archived webcast will be available on Perfect's investor relations website.
RenewMD Wellness has implemented Perfect Corp.'s Skincare Pro SaaS Platform across three California medspa locations to enhance guest experience. The AI-driven technology can identify up to 14 skin concerns in just seven seconds, providing precise skincare analysis and personalized recommendations.
The platform enables providers to deliver streamlined consultations with accurate skin assessments, visualizations of skin conditions, and tailored skincare regimens. Dr. Simran Sethi, Founder and Medical Director of RenewMD Wellness, emphasized their commitment to combining state-of-the-art technology with expert care. Perfect Corp.'s CEO Alice Chang highlighted how the technology revolutionizes med spa guest experiences through fast and detailed skin assessments.
Perfect Corp. (PERF) has launched its new AI Frizzy Hair Analyzer, expanding its AI Hair Analysis suite. The tool analyzes hair frizz levels in seconds using three photos (front, left, right views) and categorizes frizz into four levels: smooth, slightly frizzy, moderately frizzy, and extremely frizzy.
The analyzer is trained on 10,000 ethnically diverse hair images, ensuring accuracy across different hair types. The technology enables brands to provide personalized product recommendations for anti-frizz solutions, including serums, shampoos, conditioners, and styling creams.
Key benefits include enhanced customer experience through personalized recommendations, increased sales potential, streamlined operations by eliminating in-person consultations, and seamless integration across digital platforms including websites and mobile apps.
Perfect Corp. (NYSE: PERF) has successfully completed its acquisition of Wannaby Inc., a transaction that was initially announced last month. The acquisition aims to strengthen Perfect Corp.'s position in the beauty and fashion tech sector while expanding its capabilities, product offerings, and customer reach.
CEO Alice Chang expressed enthusiasm about welcoming the Wannaby team and highlighted that combining their strengths and resources will enhance customer value delivery and accelerate long-term growth strategy. The integration process will commence immediately, focusing on ensuring a smooth transition for existing customers and employees.
Perfect Corp. (NYSE: PERF) announces a strategic partnership with MAISON DELAROM to integrate AI skin analysis technology in the luxury skincare market. The collaboration centers on implementing Perfect Corp.'s Skincare Pro for iPad, an AI-powered solution analyzing 14 skin concerns, including wrinkles, redness, and spots.
The technology will debut at the Maison & Objet trade show from January 16-20, 2025, in Paris, followed by implementation at MAISON DELAROM's flagship showroom starting February 1, 2025. This initiative is part of MAISON DELAROM's premium repositioning strategy under CEO Frédéric Durand-Salmon, who acquired the brand in 2023.
The partnership aims to combine traditional skincare craftsmanship with advanced technology, offering personalized skin diagnostics to meet modern consumer demands while maintaining the brand's artisanal heritage.
Perfect Corp. (NYSE: PERF) has announced an agreement with Farfetch to acquire Wannaby Inc., a digital immersive experiences company specializing in virtual try-on technology for the fashion industry. The acquisition will enable Perfect Corp. to expand its offerings into new luxury market segments, including shoes, bags, and apparel.
Wannaby, which has served over 30 top-tier luxury brands, will integrate its innovative solutions with Perfect Corp.'s beauty tech solutions. Following the acquisition, Farfetch will continue using Wannaby's solutions to enhance digital shopping experiences. The deal is expected to close in the coming months, subject to customary closing conditions.
Perfect Corp. (NYSE: PERF) announces its participation at CES 2025 (January 7-9, 2025) in Las Vegas, showcasing its Beautiful AI innovations at the CES Creator Space. The company will demonstrate several B2B Generative AI solutions including Perfect GPT, AI Skin Analysis and Simulation tools, and AI Hair Solutions. For consumers, Perfect Corp. will present the YouCam Online Editor, offering AI-powered photo and video editing capabilities.
The company will showcase at the Central Hall Lobby of the Las Vegas Convention Center, where visitors can receive complimentary access to YouCam Online Editor (valued at $99). Chief Growth Officer Wayne Liu will participate in three speaking sessions discussing AI and AR in beauty and fashion industries.
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