Start Time: 20:00 January 1, 0000 9:02 PM ET

Perfect Corp. (NYSE:PERF)
Q2 2024 Earnings Conference Call
July 24, 2024, 20:00 PM ET

Company Participants

Alice Chang - Founder, Chairwoman, and CEO
Pin-Jen Chen - EVP and Chief Strategy Officer
Hsiao-Chuan Chen - VP of Finance and Accounting
Jimmy Shu - IR Director

Conference Call Participants

Brian Schwartz - Oppenheimer
Lisa Thompson - Zacks
Christopher Recouso - Partner Group
Mike Kupinski - Noble

Operator

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Perfect Corps' second quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

We will be hosting a question and answer session after management's prepared remarks. Please note that today's event is being recorded. I will now turn the conference over to the first speaker today, Mr. Jimmy Shu, IR Director of the company. Please go ahead.

Jimmy Shu

Thank you and hello, everyone. Welcome to Perfect Corp.'s Second Quarter 2024 Earnings Call. With us today are Ms. Alice Chang, our Founder, Chairwoman, and Chief Executive Officer; Mr. Louis Chen, our Executive Vice President and Chief Strategy Officer; and Ms. Iris Chen, Vice President of Finance and Accounting. You can refer to our second quarter 2024 financial results on our IR website or in the Form 6-K we filed with SEC earlier. A replay of this call will also be available on our website shortly after its conclusion.

For today's call, management will provide our prepared remarks, followed by a Q&A session. Before we continue, I would like to refer you to our Safe Harbor statement in our earnings press release. This call may contain forward-looking statements regarding performance, anticipated plans, original results, and our objectives.

Forward-looking statements are based on management's expectations and are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our call today. Perfect Corps 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 management's prepared remarks are in U.S. dollars and we will discuss non-IFRS measures today.

I will now turn the call over to our CEO, Ms. Alice Chang.

Alice Chang

Thank you, Jimmy, and welcome to Perfect Corp.'s 2024 Second Quarter Earnings Call. We have some exciting news to share today. Let's get started. Leveraging our advanced AI capabilities, we started the first half of 2024 with a strong growth reading our previous provided guidance. Our first half revenue grew by 13.5% year-over-year to 28.2 million. Our net income grew 185% year-over-year to positive 1.4 million and the adjusted net income increased 26.2% to 2.8 million compared to first half of last year.