PERF: Perfect Corp. reports solid Q1 as going private transaction progresses
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Perfect Corp. (NYSE: PERF) reported Q1 revenues of $17.9 million, a 12% increase. The company improved its gross and operating margins, achieving an operating margin of 8.2% (9.9% excluding credit loss charge), compared to a loss of 1.0% last year. It holds $176 million in cash, equating to $1.73 per share. However, mobile subscriber numbers fell by 12% year over year to 864,000.
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