Perfect Corporation, a leading AI company in the beauty and fashion sectors, has reported its unaudited financial results for the three and six months ended June 30, 2025. The company's total revenue for the three months ended June 30, 2025, was $16.3 million, marking a 17.6% increase from $13.9 million in the same period of 2024. For the six-month period, revenue rose to $32.4 million, a 14.8% increase from $28.2 million in the prior year. AI- and AR-cloud solutions and subscription revenue were significant contributors, reaching $29.0 million for the six-month period, up 14.5% from $25.3 million in 2024. Licensing revenue also saw a boost, growing by 12.1% to $2.6 million. Gross profit for the first half of 2025 was $24.8 million, an 11.5% increase from $22.2 million in the same period of 2024, with a gross margin of 76.6%. Net income for the six-month period was $2.5 million, a substantial 79.3% increase from $1.4 million in the same period of the previous year. However, adjusted net income showed a decrease of 12.9%, totaling $2.4 million compared to $2.8 million in 2024. The company reported an operating cash flow of $8.0 million for the first half of 2025, a 44.7% increase from $5.5 million in the same period last year, highlighting its continued investment in growth and maintaining a healthy cash flow. Research and development expenses increased by 35.5% for the three months ended June 30, 2025, primarily due to the depreciation of the U.S. dollar against the New Taiwan dollar and increased headcount following the acquisition of Wannaby Inc. General and administrative expenses decreased by 18.0% for the same period, attributed to reduced corporate insurance premiums and external professional service fees.
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