Perfect Corp. Wins Two Innocos Biohackers’ Beauty Awards for Best Skincare Diagnostic and Best Haircare Diagnostic with its Beautiful AI solutions (Photo: Business Wire)Perfect Corp. Wins Two Innocos Biohackers’ Beauty Awards for Best Skincare Diagnostic and Best Haircare Diagnostic with its Beautiful AI solutions (Photo: Business Wire)NEW YORK--(BUSINESS WIRE)--Perfect Corp., the leading AI and AR beauty and fashion technology provider and developer of ‘Beautiful AI’ solutions, today proudly announced that ...

NEW YORK--(BUSINESS WIRE)--Perfect Corp., the leading AI and AR beauty and fashion technology provider and developer of ‘Beautiful AI’ solutions, proudly announces that its groundbreaking ‘AI Selfie’ tool within the YouCam Apps has been honored with the prestigious 2024 BIG Innovation Award. This recognition by the BIG Innovation Awards acknowledges Perfect Corp.'s commitment to redefining self-expression through cutting-edge Generative AI technology in its pursuit of creating ‘Beautiful AI’ solutions. R ...

Table of Contents Exhibit 99.1 INDEX TO FINANCIAL STATEMENTS | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------|---------| | | | | Unaudited Interim Financial Statements: | Page(s) | | Unaudited Condensed Interim Consolidated Balance Sheets as of December 31, 2022 And June 30, 2023 | F-2 | | Unaudited Condensed Interim Consolidated Statements Of Comprehensive Income For The Six Months | F-4 | | Ended June 30, 2022 An ...

Revenue Growth - Total revenue increased from $29.9 million in 2020 to $47.3 million in 2022, representing a CAGR of 25.8%[257] - Total revenue increased by $6.5 million, or 16.0%, from $40.8 million in 2021 to $47.3 million in 2022, driven by a 25.3% increase in AR/AI cloud solutions and subscription revenue[391] - Total revenue increased by $10.9 million, or 36.4%, from $29.9 million in 2020 to $40.8 million in 2021[402] Customer Base and Retention - The number of Key Customers grew from 99 in 2020 to 152 in 2022, at a CAGR of 23.9%[257] - Key Customers accounted for approximately 43.5% of total revenue in 2022[263] - The average Net Dollar Retention Rate (NDRR) was 122% from 2020 to 2022, with a 94% average retention rate among Key Customers[263] - Revenue from Key Customers accounted for 43.5% of total revenue in 2022, down from 65.3% in 2020[358] - Revenue from non-Key Customers increased from 34.7% in 2020 to 56.5% in 2022[360] Geographic Revenue Distribution - Approximately 51% of revenue in 2022 came from the United States, followed by 10% from Japan and 7% from France[253] - Revenue from the United States increased by 20.4% from $20.2 million in 2021 to $24.3 million in 2022[392] - Revenue from the United States increased by 35% from $15.0 million in 2020 to $20.2 million in 2021[403] Technology and Innovation - The company has developed proprietary AR- and AI-technologies with over 200 points of real-time facial landmarks and supports over 89,969 skin tones[266] - The AI foundation shade finder utilizes a deep learning database with over 10 million sample models to provide accurate foundation matching[289] - The AI skin analysis solution, launched in 2017, analyzes skin conditions using over 70,000 medical-grade images, ensuring high accuracy[290] - The AR- and AI-makeup solution has become one of the most popular offerings since its launch in 2015, enhancing consumer experiences with virtual makeup try-ons[287] - The company has invested significantly in R&D, employing 165 AR- and AI-specialists and holding 25 patents as of December 31, 2022[319] Market Presence and Partnerships - The company has established long-term relationships with major beauty brands, covering 90% of the top 20 global beauty groups[250] - The company currently covers 103 brands within the top 20 beauty groups, with approximately 406,000 SKUs dedicated to these groups[271] - 100% of the top 20 beauty groups have integrated AR- and AI-technologies into their business models, with 18 of them as customers[283] - The company formed strategic partnerships with major tech platforms, including Alibaba, Google, and Snap, to enhance its virtual try-on solutions[312][313] User Engagement - The average monthly active users (MAUs) across all apps were approximately 17.8 million in 2022, with the two flagship apps having around 17.3 million MAUs[252] - In 2022, the YouCam platform achieved over one billion downloads globally and approximately 17.8 million average monthly active users (MAUs) for its apps[308] - The company launched virtual try-ons for nails and men's grooming products in 2021, enhancing the shopping experience for consumers[294] Financial Performance - The net loss increased from $156.9 million in 2021 to $161.7 million in 2022, primarily due to one-off transaction costs and non-cash fair value adjustments[257] - Adjusted net income improved to $4.1 million in 2022 from an adjusted net loss of $1.8 million in 2021[400] - Adjusted EBITDA turned positive at $3.1 million in 2022, compared to negative $0.9 million in 2021[401] - General and administrative expenses increased significantly by $71.3 million, or 1444.1%, from $4.9 million in 2021 to $76.2 million in 2022, mainly due to one-off transaction costs[396] Operational Challenges and Future Outlook - The company anticipates challenges in 2023 due to high inflation, elongated sales cycles, and geopolitical tensions, but remains confident in long-term growth prospects[433] - The company expects continued growth in revenue and operating expenses as it scales operations and invests in technology[380] - The company is committed to enhancing digital solutions, expanding the customer base, and optimizing operating efficiency despite macroeconomic challenges[433] Workforce and Diversity - As of December 31, 2022, the company employed 134 technology staff, representing 45.1% of its workforce, focused on platform improvement and new feature development[268] - The company employs a global team of 297 employees, with 134 in R&D, and 90% of the R&D team holding a master's degree or higher[340] - The company has a diverse workforce, with 53% men and 47% women, and 44% of managers and executives identifying as female[341]

Exhibit 99.1 Perfect Corp. Reports Unaudited Financial Results for the Full Year 2022 New York – March 6, 2023 – Perfect Corp. (NYSE: PERF) ("Perfect" or the "Company"), a global leader in providing augmented reality ("AR") and artificial intelligence ("AI") Software-as-a-Service ("SaaS") solutions to beauty and fashion industries, today announced its unaudited financial results for the full year ended December 31, 2022. Highlights for the Full Year of 2022 • Total revenues grew to $47.3 million, up 16.0% y ...