Perfect (PERF) Q1 Virtual Investor Summit Event earnings summary

Company overview and business model

• Leading provider of AI and AR solutions for beauty and fashion tech, with B2B and B2C segments.

• Operates globally with development in Taiwan and offices in 12 cities across 10 countries.

• Over 350 employees, nearly half focused on AI/AR development.

• B2B SaaS model offers virtual try-on modules to brands; B2C apps monetize via premium subscriptions.

• B2C business now slightly exceeds half of total revenue, driven by high-frequency app usage.

Market position and customer base

• Hosts over 732 brands and 822,000 makeup SKUs for virtual try-on.

• Major clients include Estée Lauder, Dior, MAC, Shiseido, and more.

• Revenue distribution: over 50% from the U.S., 25-27% from Europe, and 20% from Asia (mainly Japan).

• B2B contracts are mostly annual, with some strategic accounts on multi-year terms.

• Technology reduces friction in online sales, increasing conversion and basket size.

Strategic acquisition and synergies

• Acquired WANNA from FARFETCH in January, expanding into virtual try-on for shoes, bags, and clothing.

• WANNA brings top fashion clients and a team of 30 professionals in Europe.

• Acquisition enables cross-selling, product diversification, and enhanced research capabilities.