Perfect Corp. reports FY22 revenue $47.3M, consensus $52.19M

Alice H. Chang, the Founder, Chairwoman, and Chief Executive Officer of Perfect, commented, "We finished 2022 with steady revenue growth, an expanded customer base, and positive cash flow, despite the worsening macro climate and elongated sales cycles in the second half of the year. Proactively responding to these challenges, we optimized our expenses, channeled our resources to boost uptake of our digital solutions, further explored categories beyond beauty, and invested into promising new geographies. We remain ideally positioned to seize growth opportunities generated by the intensifying digitalization of the beauty and fashion industries, brands’ pivot to online retail, and the rapid growth in use cases for AR/AI technology. Going forward, we remain committed to driving top-line growth while focusing on profitability in the face of an increasingly challenging environment, as we continue executing on our mission to transform the world with our digital tech innovations."