Perfect Corp’s fourth-quarter revenue grew 12.4%, YouCam App subscribers add records in High -Perfect (NYSE:PERF)

Wednesday, The perfect company perf Financial results were announced for the fourth quarter ended December 31, 2024.

The company reported sales in the fourth quarter rose 12.4% year-on-year to $15.9 million, compared with $14.1 million last year, slightly ignoring the $16.4 million consensus.

The increase in revenue is mainly due to the growing demand for AI- and AR-powered cloud solutions and mobile application subscriptions.

AI- and Arcloud Solutions and subscription revenue rose 25.4% to $15.1 million, while licensing revenue fell between $722,500,000 and $500,000.

Gross profit rose 2.5% to $11.8 million in the quarter, and gross margin fell 730 basis points to 74.2%.

The main reason for the decline in gross margins is the increase in third-party payment processing fees paid to digital distribution partners such as Google and Apple.

Total operating expenses fell by 3.6% to $12.2 million, while general and administrative expenses fell by 41%.

Net income for the quarter was $1.1 million, compared with $1.4 million last year.

Adjusted net income was $2.3, compared with adjusted net income of $2.1 million in 2023, an increase of 8.2%. This means adjusted revenue per share is 2 cents, a consensus of 3 cents per share is missing.

The three-month operating cash flow totaled $3.3 million. As of December 31, 2024, the company held $127.1 million in cash and equivalent value.

The company’s YouCam mobile beauty app and Web Active users grew 14.3% year-on-year, with record-breaking heights exceeding one million by the end of 2024.

As of December 31, 2024, Perfect’s cumulative customer base includes 732 brand customers, with more than 822,000 digital inventory preservation units for makeup, hair care, skin care, glasses, watches and jewelry products compared to 708 brand customers. , as of September, as of more than 806,000 figures Skus 30, 2024.

As of December 31, 2024, Perfect Corp has 151 major customers.

prospect: For fiscal 25, Perfect expects total revenue growth of 13% to 14.5% based on the growth momentum of demand for YouCam mobile applications and web subscriptions and enterprise SaaS solutions.

Price action: In the last check on Wednesday, Perf shares traded 0.52% to $1.94.

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