Peraso Q3 revenue $3.3M (+63% YoY); Q4 guidance $3.8-$4.1M

Peraso Inc.

2022-Q3 EPS reported -$0.89 revenue$10,981,000

Total revenue $3.3M, up 63% YoY but down from Q2 $4.3M; product revenue $3.1M.
GAAP net loss $4.0M ($0.20/share); non-GAAP net loss $2.0M ($0.10/share).
$1.1M of shipments deferred to Q4 due to delayed revenue recognition with a customer.
Q4 2022 guidance $3.8-$4.1M (excl. deferred $1.1M); record order backlog.
CEO cites strong demand in fixed wireless access and new 5G mmWave beamformer IC.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Peraso Inc. reported the third quarter ended September 30, 2022 results: revenue $3.3 million, net income $4.0 million, EPS ($0.20) per share. Guidance initiated.

Period: the third quarter ended September 30, 2022
Revenue: $3.3 million
Net income: $4.0 million
EPS: ($0.20) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Total net revenue for the third quarter of 2022 was $3.3 million, compared with $4.3 million in the prior quarter and $2.0 million in the same quarter a year ago.

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001654954-22-015319

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