Perfect Stock Price, News & Analysis

Perfect Corp. has unveiled innovative AI-powered virtual try-on technology for necklaces, enhancing online jewelry shopping. This advancement utilizes cutting-edge AI and AR to create hyper-realistic necklace renderings, allowing consumers to visualize products in real-time. The technology incorporates Physically Based Rendering and 3D AR, ensuring accurate representations and realistic motion dynamics. This solution aims to boost purchasing confidence and satisfaction by personalizing the shopping experience for users, available on both mobile and desktop browsers.

Perfect Corp. (NYSE: PERF) reported unaudited financial results for the nine months ending September 30, 2022, showcasing a 22.1% revenue growth to $36.2 million. Gross profit rose to $31.1 million, yielding an 85.7% margin. Notably, net income shifted to $28.5 million from a loss of $3.1 million the previous year. Adjusted net income also improved to $4.1 million, along with a positive adjusted EBITDA of $4.2 million. The company faced challenges like macroeconomic uncertainties impacting new business expansion.

Perfect Corp. (NYSE: PERF) has announced plans to release its financial results for the nine months ending September 30, 2022 on November 30, 2022, before U.S. markets open. A conference call is scheduled for 7:00 a.m. Eastern Time to discuss these results and company updates. Participants must register in advance to obtain access details. The company provides AR and AI SaaS solutions for the beauty and fashion industries, aiming to enhance consumer experiences and improve brand engagement.

Perfect Corp. (NYSE: PERF) has released its Global Beauty Trend Report, "The Rise of AI Skin Technology", highlighting a surge in consumer interest in skincare and the effectiveness of AI in dermatology. The report cites a study by Dr. Steven Feldman from Wake Forest School of Medicine that shows Perfect Corp.’s AI Skin technology achieves 95% test-retest reliability and correlates highly with physician assessments. In 2022, over 19 million interactions were recorded with the skin score quiz in Perfect Corp.'s YouCam Makeup app, reflecting growing consumer engagement in skin health.

Perfect Corp. (NYSE: PERF) collaborates with French jewelry brand REZA to launch WORLDOFREZA.COM, utilizing its AI and AR technology for an immersive online shopping experience. This innovative platform allows customers to virtually try on REZA's luxury jewelry, enhancing the digital retail experience in alignment with the brand's move to New York. The AgileHand® technology provides realistic hand tracking, meeting the growing demand for online luxury shopping.

Perfect Corp. (NYSE: PERF) has launched the YouCam for Business AI Skincare PRO, an iPad-compatible skin diagnostic tool tailored for skincare professionals. This advanced SaaS solution utilizes over 70,000 medical-grade images and delivers quick assessments for up to eight skin conditions, generating a full skin health report in two seconds. The platform is HIPAA-compliant and verified by dermatologists, ensuring secure handling of private information. This release aims to empower med spas and skincare businesses by enhancing client experiences with personalized consultations.

Perfect Corp. (NYSE: PERF) announced a collaboration with country pop star Becca Bowen, launching an AR virtual try-on feature showcasing her 'Country Glam' style. This interactive experience coincides with the release of Bowen's debut album, Like You’ve Never Been Loved. The AR technology allows users to try on makeup, hair color, and accessories reflective of Bowen’s signature look. Perfect Corp. aims to enhance user engagement through innovative tech solutions in beauty and fashion, spotlighting empowering artists.

Perfect Corp. (NYSE: PERF) partners with Decorté to launch the ‘Purple Power’ AR filter on the YouCam Makeup app, promoting the Purple Ribbon Project to combat violence against women. This initiative coincides with the International Day of Elimination of Violence Against Women on November 25. Users can download the filter until November 26 to support the cause and also purchase a limited-edition Purple Ribbon Gift Set, with 50% of proceeds going to Win, a non-profit aiding women affected by domestic violence.

Perfect Corp., a leader in AR and AI SaaS solutions for the beauty sector, has completed its business combination with Provident Acquisition Corp. The newly listed company begins trading on the NYSE under ticker symbols PERF and PERF WS as of October 31, 2022. With partnerships involving over 400 beauty brands and support from blue-chip investors like CHANEL and Shiseido, Perfect aims to further its market leadership. This marks CCV's second successful IPO this year, showing a strong performance in venture capital investments.