Peraso preliminary Q2 revenue ~$4.2M, above guidance; mmWave DUNE platform order in hand

Peraso Inc.

2024-Q2 EPS reported -$2.75 revenue$7,054,000

Preliminary Q2 2024 revenue ~$4.2M, exceeding guidance range of $3.7–$4.0M.
Revenue growth >50% sequential and >70% year-over-year.
Increase driven by EOL memory IC shipments and first volume production order for mmWave DUNE platform from a South African service provider.
CEO expects additional orders from this customer and continued growth in H2 2024.

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