Perfect Corp (NYSE:PERF) Q4 2023 Results Conference Call February 28, 2024 7:00 PM ET

Company Participants

Jennifer Wu - IR Manager

Alice Chang - Founder, Chairwoman of the Board & CEO

Pin-Jen Chen - Executive VP & Chief Strategy Officer

Conference Call Participants

Timothy Zhao - Goldman Sachs

Clarke Jeffries - PSC

Operator

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Perfect Corp.'s Earnings Conference Call. [Operator Instructions] Please note that today's event is being recorded.

I will now turn the conference over to the first speaker today, Ms. Jennifer Wu, IR Manager of the company. Please go ahead.

Jennifer Wu

Thank you, and hello, everyone, and welcome to Perfect Corp.'s earnings call. With us today are Ms. Alice Chang, our Founder and Chairwoman and Chief Executive Officer; Mr. Louis Chen, Executive Vice President and Chief Strategy Officer; and Ms. Iris Chen, Vice President of Finance and Accounting.

You can refer to our fourth quarter and full year 2023 financial results on our IR website or in the Form 6-K we filed with SEC earlier. You can later access a replay of this call on our IR website shortly after the conclusion of this call.

For today's call, management will provide their prepared remarks first, and then we will host a question-and-answer session.

Before we continue, I would like to refer you to our safe harbor statement in our earnings press release, which also applies to this call, as this call may contain forward-looking statements regarding Perfect Corp.'s performance, anticipated plans, operational results and objectives. Forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied on our call today.

Perfect Corp. undertakes no obligation to update any forward-looking statements, except as required by law after the date of this call. Please note that all numbers stated in the following management's prepared remarks are in U.S. dollar terms, and we will discuss non-IFRS measures today.

Without further ado, I will now turn the call to our first speaker today, our CEO, Ms. Alice Chang.

Alice Chang

Hi. Thank you very much, and welcome to Perfect Corp.'s 2023 fourth quarter earnings call. We have some very good news to share with you today. Let's get started.

We ended 2023 with a strong fourth quarter. Our fourth quarter revenue grew by 27.6% year-over-year to $14.1 million, and our net income was positive at $1.4 million. Our full year results was promising too, as our full year 2023 revenue increased by 13.1% year-over-year to $53.5 million, and our full year 2023 net income was positive at $5.4 million.