Perfect Corp

NYSE:PERFUnited States

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• Perfect Corp. Reports Unaudited Financial Results for the Three Months Ended March 31, 2024, from 19 hours ago by Business Wire

  19 hours ago by Business Wire
  Companies Mentioned: PERF

  Perfect Corp. (NYSE: PERF) ("Perfect" or the "Company"), a global leader in providing artificial intelligence ("AI") and augmented reality ("AR") Software-as-a-Service ("SaaS") solutions to beauty and fashion industries, today announced its unaudited financial results for the three months ended March 31, 2024.

• Perfect Corp. Reports Unaudited Financial Results for the Three Months Ended March 31, 2024, from 19 hours ago by Dow Jones

  19 hours ago by Dow Jones
  Companies Mentioned: PERF
  ---------- -------- Total current liabilities 28,900 31,099 ---------- -------- Non-current liabilities Non-current financial liabilities at fair value through profit or loss 1,566 1,670 Non-current lease liabilities 387 266 Net defined benefit liability, non-current 79 80 Guarantee deposits received 25 25 ---------- -------- Total non-current liabilities 2,057 2,041 ---------- -------- Total liabilities 30,957 33,140 ---------- -------- Equity Capital stock Perfect Class A Ordinary Shares, $0.1 (in dollars) par value 8,513 8,506 Perfect Class B Ordinary Shares, $0.1 (in dollars) par value 1,679 1,679 Capital surplus Capital surplus 510,399 511,000 Retained earnings Accumulated deficit (380,472) (379,842) Other equity interest Other equity interest (523) (663) Treasury shares (190) -- ---------- -------- Total equity 139,406 140,680 ---------- -------- Total liabilities and equity $ 170,363 $ 173,820 ========== ======== PERFECT CORP. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2024 (Expressed in thousands of United States dollars) Three months ended March 31 ----------------------------------- 2023 2024 ----------- ---------- Items Amount Amount ---------------------------------- ------------------- -------------- Revenue $ 12,145 $ 14,289 Cost of sales and services (2,569) (3,095) ----------- ---------- Gross profit 9,576 11,194 Operating expenses Sales and marketing expenses (6,027) (7,170) General and administrative expenses (2,413) (2,175) Research and development expenses (2,629) (3,035) ----------- ---------- Total operating expenses (11,069) (12,380) ----------- ---------- Operating loss (1,493) (1,186) ----------- ---------- Non-operating income and expenses Interest income 2,198 1,969 Other income 2 2 Other gains and losses 15 (316) Finance costs (2) (5) ----------- ---------- Total non-operating income and expenses 2,213 1,650 ----------- ---------- Income before income tax 720 464 Income tax benefit (expense) (25) 166 ----------- ---------- Net income $ 695 $ 630 =========== ========== Other comprehensive income (loss) Components of other comprehensive income (loss) that will be reclassified to profit or loss Exchange differences arising on translation of foreign operations $ 2 $ (140) ----------- ---------- Other comprehensive income (loss), net $ 2 $ (140) =========== ========== Total comprehensive income $ 697 $ 490 =========== ========== Net income, attributable to: Shareholders of the parent $ 695 $ 630 =========== ========== Total comprehensive income attributable to: Shareholders of the parent $ 697 $ 490 =========== ========== Earnings per share (in dollars) Basic earnings per share of Class A and Class B Ordinary Shares $ 0.006 $ 0.006 =========== ========== Diluted earnings per share of Class A and Class B Ordinary Shares $ 0.006 $ 0.006 =========== ========== PERFECT CORP. AND SUBSIDIARIES UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL MEASURES -- ADJUSTED NET INCOME CALCULATION FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2024 (Expressed in thousands of United States dollars) Three months ended March 31 --------------------------------- 2023 2024 --------------------- ---------- Items Amount Amount ------------------------------------ --------------------- ---------- Net Income (Loss) $ 695 $ 630 One-off Transaction Costs 33 -- Non-Cash Equity-Based Compensation 650 784 Non-Cash Valuation (Gain)/Loss of financial liabilities (52) 104 ---- ----------- --------- Adjusted Net Income (Loss)(1) $ 1,326 $ 1,518 ==== =========== =========
  

• Press Release: Perfect Corp. Reports Unaudited Financial Results for the Three Months Ended March 31, 2024, from 19 hours ago by Dow Jones

  19 hours ago by Dow Jones
  Companies Mentioned: PERF