Perfect - PERF STOCK NEWS

Perfect Corp. (NYSE: PERF) announces a strategic partnership with MAISON DELAROM to integrate AI skin analysis technology in the luxury skincare market. The collaboration centers on implementing Perfect Corp.'s Skincare Pro for iPad, an AI-powered solution analyzing 14 skin concerns, including wrinkles, redness, and spots.

The technology will debut at the Maison & Objet trade show from January 16-20, 2025, in Paris, followed by implementation at MAISON DELAROM's flagship showroom starting February 1, 2025. This initiative is part of MAISON DELAROM's premium repositioning strategy under CEO Frédéric Durand-Salmon, who acquired the brand in 2023.

The partnership aims to combine traditional skincare craftsmanship with advanced technology, offering personalized skin diagnostics to meet modern consumer demands while maintaining the brand's artisanal heritage.

Perfect Corp. (NYSE: PERF) has announced an agreement with Farfetch to acquire Wannaby Inc., a digital immersive experiences company specializing in virtual try-on technology for the fashion industry. The acquisition will enable Perfect Corp. to expand its offerings into new luxury market segments, including shoes, bags, and apparel.

Wannaby, which has served over 30 top-tier luxury brands, will integrate its innovative solutions with Perfect Corp.'s beauty tech solutions. Following the acquisition, Farfetch will continue using Wannaby's solutions to enhance digital shopping experiences. The deal is expected to close in the coming months, subject to customary closing conditions.

Perfect Corp. (NYSE: PERF) announces its participation at CES 2025 (January 7-9, 2025) in Las Vegas, showcasing its Beautiful AI innovations at the CES Creator Space. The company will demonstrate several B2B Generative AI solutions including Perfect GPT, AI Skin Analysis and Simulation tools, and AI Hair Solutions. For consumers, Perfect Corp. will present the YouCam Online Editor, offering AI-powered photo and video editing capabilities.

The company will showcase at the Central Hall Lobby of the Las Vegas Convention Center, where visitors can receive complimentary access to YouCam Online Editor (valued at $99). Chief Growth Officer Wayne Liu will participate in three speaking sessions discussing AI and AR in beauty and fashion industries.

Perfect Corp (NYSE: PERF) has launched new AI APIs designed to empower developers with advanced AI-powered beauty technology integration. The suite includes Generative AI APIs for virtual hairstyles, wigs, makeup transfer, and aging simulations, alongside Image Processing APIs for text-to-image generation, colorization, enhancement, and background/object removal.

The APIs are scalable for businesses of all sizes, offering seamless integration into websites, e-commerce platforms, and mobile apps. They feature high-traffic optimization and customization options for branding elements. The technology aims to simplify content creation and enhance customer engagement across beauty, e-commerce, and technology industries.

Perfect Corp. (NYSE: PERF), a leader in AI and AR beauty and fashion tech, has released key insights from its 2024 holiday retail survey. Conducted within the YouCam Apps user community, the survey highlights evolving consumer trends such as budget-conscious spending, omnichannel shopping preferences, and the growing importance of AI technology.

Key findings include:

• 66% of consumers plan to spend less this holiday season, emphasizing value and savings.
• 60% prefer a mix of in-store and online shopping for convenience.
• Top online shopping pain points are the inability to try products (34%), complicated returns (22%), and an overwhelming number of choices (15%).
• 23% seek virtual try-on tools, while 26% value AI-powered virtual assistants.
• 52% are using or planning to use AI in their shopping experiences.

Perfect Corp.'s AI and AR technologies, such as virtual try-ons and AI skin diagnostics, are transforming retail by enabling personalized and efficient customer experiences. These tools are important for brands to engage consumers and drive sales growth this holiday season and beyond.

Perfect Corp. (NYSE: PERF), the creator of YouCam apps with over 1.1 billion downloads worldwide, has launched new holiday-themed features across its suite of applications. The update includes AI-powered capabilities such as festive fashion looks, holiday scene transformations, and themed avatars.

The new features include AI Fashion for festive outfits, AI Studio for holiday scene creation, festive AI Avatars, generative AI for personalized holiday cards, new AI-powered holiday makeup looks, customizable templates, and interactive selfie experiences. These tools are designed to enhance users' holiday content creation and social media presence through advanced AI and AR technology.

Perfect Corp. (NYSE: PERF) has partnered with French skincare brand Holidermie to implement its AI-powered Skincare Pro solution in Parisian retail locations. The technology will be available through iPads at Holidermie's flagship store and Le Bon Marché Rive Gauche. The AI platform analyzes six key skin health indicators including hydration, wrinkles, dark circles, acne, radiance, and firmness to provide personalized skincare recommendations. The system will be deployed with one iPad at Holidermie's new flagship store on rue de Turenne and three iPads at Le Bon Marché, offering customers data-driven skincare consultations.

Perfect Corp. (NYSE: PERF) has partnered with the Tohoku Rakuten Golden Eagles baseball team to introduce AI-generated retro-style player images at their stadium. Using the YouCam Perfect app's AI Studio feature, the collaboration transformed current players' photos into vintage portraits inspired by Japan's Showa and Heisei eras, which were displayed on stadium screens. The initiative showcases Perfect Corp.'s AI photo-editing technology, offering fans an innovative way to experience nostalgic baseball imagery. The YouCam Perfect app features over 110 unique styles for users to create and customize their own retro-themed photos.

Perfect Corp. (NYSE: PERF) reported Q3 2024 financial results with total revenue of $16.1 million, up 10.8% year-over-year. The company's gross profit increased 9.6% to $13.0 million, while net income was $2.5 million. YouCam mobile app subscribers grew 17% to over 977,000. The company maintained 151 Key Customers and expanded its brand client base to 708 with over 806,000 digital SKUs. For the first nine months of 2024, revenue reached $44.3 million, up 12.5% year-over-year. The company projects 12-14% revenue growth for full-year 2024.