Perfect Corp. (PERF)
Perfect Corp. (PERF) is a technology company specializing in augmented reality (AR), artificial intelligence (AI), and 3D scanning solutions. The company develops innovative beauty and retail augmented reality platforms, providing virtual try-on experiences for cosmetics, skincare, and fashion products. Perfect Corp. aims to enhance consumer engagement and digital shopping through its advanced AR and AI technologies.
Company News
The customized hair care market is projected to grow at a CAGR of 10.0% from 2024 to 2034, driven by rising consumer demand for personalized beauty solutions, technological advancements, and a focus on sustainability.
Perfect Corp reported a 9.6% year-over-year increase in Q2 2024 revenue, reaching $13.9 million. The company's net income was $0.8 million, compared to a net loss of $0.2 million in the previous year. The growth was driven by AI- and AR-cloud solutions and mobile app subscriptions, with the YouCam app reaching a record high of over 919,000 active subscribers.
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