Perfect Corp Reports Higher Net Income Amid Improved Gross Margins
For the quarter ended June 30, Perfect Corp reported a significant increase in net income to $1.3 million from $200,000 year-over-year, driven by stronger gross margins despite flat revenue of $16.3 million. The company reduced its operating loss and cut total operating expenses by 3.2%. Gross profit rose 7.4% to $13.2 million as the firm improved operational efficiency through a shift toward standardized AI/API solutions. Perfect Corp's CEO, Alice H. Chang, emphasized continued investment in B2C and B2B AI innovation amid evolving market demands for generative and agentic AI technologies. The company also announced plans to go private via a merger with ProjectNY controlled by Chang, offering shareholders $2 per share—a 48% premium over the stock price before the initial announcement. Licensing revenue declined year-over-year as Perfect Corp transitions away from legacy non-recurring income toward growth in AI- and AR-based SaaS solutions. The company attributes its improved gross margin to engineering realignment and a strategic shift in product focus.