Quarterly ResultApr 28, 2026, 07:02 AM
PERF Q1 Revenue +12% to $17.9M; Going Private Proposal
AI Summary
Perfect Corp. reported unaudited financial results for Q1 2026, with total revenue increasing 12.0% to $17.9 million and net income rising 2.6% to $2.4 million. The company also achieved a gross profit of $14.7 million, up 17.8%, and shifted from an operating loss to an operating income of $1.5 million. Additionally, Perfect Corp. announced recent developments regarding a preliminary non-binding "Going Private" proposal received on March 18, 2026, for which a special committee has been formed and advisors appointed.
Key Highlights
- Preliminary non-binding "Going Private" proposal received March 18, 2026.
- Q1 2026 total revenue increased 12.0% to $17.9 million.
- Q1 2026 gross profit increased 17.8% to $14.7 million.
- Q1 2026 operating income was $1.5 million, up from a $0.2 million loss.
- Q1 2026 net income increased 2.6% to $2.4 million.
- AI- and AR- cloud solutions revenue grew 9.8% to $15.5 million.
- Operating cash flow was $4.2 million, a 1.9% decrease YoY.
- Active subscribers decreased 4.8% to 864,000 due to higher pricing.