NEW YORK--(BUSINESS WIRE)--Perfect Corp., the leading provider of AI and AR beauty and fashion technology solutions, today announced its participation in the DeveloperWeek 2026 Hackathon, taking place in- person at the San Jose Convention Center (February 18–20, 2026) and online from February 2–20, 2026. As part of the Global Hackathon Challenge, Perfect Corp. will award $2,500 in cash prizes to two winners who design and build immersive web or mobile experiences using Perfect's AI and AR-powere. ...

Core Insights - Perfect Corp. is set to unveil a new era of AI agents and developer-first API innovation at CES 2026, highlighting advancements in AI and AR solutions for the beauty, fashion, and retail sectors [1] Company Developments - The company will demonstrate how its AI Beauty Agent tools are evolving beyond static try-on and analysis experiences, indicating a shift towards more dynamic and personalized shopping experiences [1] Industry Impact - The introduction of intelligent AI agents and modular, scalable APIs is expected to redefine personalization, product discovery, and visual experiences for modern shoppers, showcasing a significant transformation in the retail landscape [1]

Core Insights - Perfect Corp. released a trend report titled "AI Goes Mainstream: The New Era of Holiday Shopping," highlighting the growing reliance of consumers on AI for smarter shopping and more intentional spending during the holiday season [1] Group 1: Consumer Behavior - Consumers are increasingly using AI technologies to discover products with confidence, indicating a shift in shopping habits [1] - The report emphasizes that AI is becoming a crucial tool for consumers to enhance their shopping experience [1] Group 2: Company Insights - Perfect Corp. is recognized as a leading provider of AI and AR beauty and fashion technology, showcasing its innovative solutions in the market [1] - The insights are derived from Perfect Corp.'s YouCam Suite of Apps and the Spate Popula, reflecting the company's commitment to leveraging technology for consumer engagement [1]

Core Insights - The article does not provide specific company or industry insights, focusing instead on disclosures and disclaimers related to investment positions and advice [1][2] Group 1 - There are no stock, option, or similar derivative positions held by the analyst in any mentioned companies, nor plans to initiate such positions in the near future [1] - The article expresses personal opinions of the author and does not reflect the views of Seeking Alpha as a whole [2] - No recommendations or advice are provided regarding the suitability of investments for particular investors [2]

Core Insights - Perfect Corp. is a leading provider of AI and AR beauty and fashion technology, known for its 'Beautiful AI' solutions and the YouCam suite of apps, which has surpassed 1 billion downloads globally [1] Group 1: Company Overview - Perfect Corp. has announced its 2025 Halloween activations across its YouCam apps, which include YouCam Makeup, YouCam Perfect, YouCam Video, YouCam Enhance, and YouCam AI Pro [1] - The upcoming activations will feature over 90 AI and AR-powered looks, avatars, fashion effects, and creative elements [1]

Core Insights - Perfect Corp. has announced a significant update to its Online Service for Virtual Glasses Try-On, enhancing its offerings in the AI and AR beauty and fashion technology sector [1] Group 1: Product Update - The new feature includes a comprehensive digital library of glasses products, providing brands with instant access to over 13,000 items [1] - This update significantly streamlines the onboarding process for brands [1] - The enhancement accelerates the launch of virtual try-on experiences for consumers [1]

Financial Data and Key Metrics Changes - Total revenue for 2024 grew by 12.5% year-over-year to $60.2 million, with net income at $5 million and adjusted net income increasing by 18.6% to $8.3 million compared to 2023 [8][10][32] - Operating cash flow generated a net inflow of $13 million for the full year 2024, with cash and cash equivalents exceeding $165.9 million [10][34] - Gross profit for Q4 2024 increased by 2.5% to $11.8 million, with a gross margin of 74.1%, down from 81.3% in Q4 2023 [27] Business Line Data and Key Metrics Changes - The B2C mobile app business saw a 14.3% increase in active paying subscribers, reaching over 1 million by the end of 2024 [10][35] - AI/AR cloud solutions and subscription revenue grew by 25.4% to $15.1 million, representing 95% of total revenue in Q4 2024 [25] - Licensing revenue decreased by 72.2% in Q4 2024 to $0.5 million, indicating a shift towards a recurring subscription revenue model [26] Market Data and Key Metrics Changes - Positive momentum was noted in North America, Western Europe, and developing markets like Brazil, with strong demand for AI-powered features [11] - The enterprise customer base increased by 24 brand clients, totaling 732 brand clients with over 822,000 SKUs onboarded [36] Company Strategy and Development Direction - The company aims to deepen its presence in the beauty, fashion, and skin segments while exploring cross-sell opportunities and broadening product offerings [22] - The acquisition of Wanna from Farfetch is expected to enhance market reach and expand the total addressable market, particularly in luxury brands [15][39] - The focus remains on continuous R&D in generative AI to drive user engagement and loyalty [14][76] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the B2B market, noting challenges from inflation and potential tariffs affecting client spending [44][46] - The guidance for 2025 projects total revenue growth of 13% to 14.5%, with B2C revenue expected to grow faster than B2B [23][49] Other Important Information - The company reported a decrease in operating expenses by 3.6% in Q4 2024, attributed to lower R&D and G&A expenses [28] - The adjusted net margin for the full year 2024 was 13.8%, reflecting effective cost control alongside revenue growth [33][37] Q&A Session Summary Question: What is the situation with enterprise clients regarding spending on services? - Management noted that while the B2B market remains challenging, there is still interest from brands to invest in digital solutions, although they are cautious about spending [44][46] Question: What was the B2B revenue contribution last year? - The B2B revenue contribution was approximately 40% last year, with expectations for it to drop to 30% to 40% in 2025 [52][53] Question: How will operating expenses be managed in light of reduced gross margins? - Management indicated that they will continue to invest in growth while maintaining financial discipline, ensuring that expenses do not create financial pressures [55][56] Question: What is the competitive landscape for the fashion segment post-acquisition of Wanna? - Management stated that Wanna is a leader in the fashion space with significant brand partnerships, and the acquisition strengthens their position in the market [58][60] Question: What is the timeline for the full integration of Wanna? - Integration is expected to continue through the first half of the year, with a go-to-market strategy planned for later in the year [72] Question: Where will the company focus its investments in the coming year? - The primary focus will be on R&D for generative AI, alongside digital marketing efforts to attract app users [76]