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Perfect Corp (PERF)
NYSE:PERF
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2023
|% Change Since: 18.65%
|Next Earnings Date:Nov 30, 2022
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, increased subscriber numbers, and expansion into new markets. The introduction of web-based services and AI-powered product development, along with interest in PerfectGPT services, showcase strong strategic positioning. However, challenges in the B2B sales cycle and a decrease in net income were noted. Overall, the positive aspects and strategic advancements outweigh the challenges.Company Guidance
During the third quarter of 2024 earnings call, Perfect Corp reported a 12.5% year-over-year increase in revenue to $44.3 million for the first nine months, with a net income of $3.9 million and an adjusted net income growing by 23.2% to $6 million. The third quarter alone saw a revenue rise to $16.1 million from $14.5 million in the same period of 2023, marking a 10.8% year-over-year growth. The company's operating cash flow generated a net inflow of $9.8 million, supported by a robust balance sheet with $163.2 million in cash and equivalents. The quarter's net income was $2.5 million, while adjusted net income increased by 20.6% to $3.2 million. Perfect Corp's B2C mobile business achieved notable success, with active paying subscribers reaching over 977,000, a 17% increase year-over-year. The company projects full-year 2024 revenue growth of 12% to 14% compared to 2023, driven by its expanding AI and AR cloud solutions and mobile app subscription business.Revenue Growth
First 9 months revenue grew by 12.5% year-over-year to $44.3 million, driven by strong growth in mobile app subscription business under the AI/AR cloud solution.
Net Income and Cash Flow
Net income for the first 9 months was $3.9 million, with adjusted net income increasing 23.2% to $6 million. Operating cash flow generated a net inflow of $9.8 million.
Subscriber Growth
Active paying subscribers reached an all-time high of over 977,000, representing a 17% year-over-year increase.
Expansion into New Markets
Notable growth in new markets such as Brazil and Italy, validating the universal appeal of the app offering.
Introduction of Web-Based Services
New revenue stream through B2C web-based services, providing higher margins by avoiding service fees from Apple and Google stores.
AI-powered Product Development
Significant strides in AI-powered skin diagnostics and the introduction of Skincare Pro product.
B2B Client Base Growth
Enterprise customer base increased to 708 brand clients, with over 806,000 SKUs.
PerfectGPT Services Introduction
High interest from global beauty brands in AI-powered personalized beauty assistant, with commercial POC expected early next year.
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PERF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PERF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $1.93 | $1.88 | -2.59% |
| Jul 24, 2024 | $2.20 | $2.11 | -4.09% |
| Apr 24, 2024 | $2.33 | $2.27 | -2.58% |
| Feb 28, 2024 | $2.55 | $2.51 | -1.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Perfect Corp (PERF) report earnings?
Perfect Corp (PERF) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Perfect Corp (PERF) earnings time?
Perfect Corp (PERF) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PERF EPS forecast?
PERF EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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