Peraso Q4 product revenue up >100% YoY but GAAP net loss $14.6M on $9.9M goodwill impairment

Peraso Inc.

Q4 total net revenue $3.9M vs $1.9M YoY; product revenue $3.8M (+25% seq, >100% YoY).
GAAP net loss $14.6M ($0.71/sh) includes $9.9M goodwill impairment; non-GAAP net loss $2.8M ($0.13/sh).
FY2022 total net revenue $14.9M (+160% YoY); GAAP net loss $32.4M ($1.61/sh).
Company implemented cost reductions targeting ~$5.0M annual OpEx savings.
Guides Q1 2023 total net revenue $4.7M-$5.0M.

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 year ended December 31, 2022 results: revenue $14.9 million, net income $32.4 million, EPS ($1.61) per share. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $14.9 million
Net income: $32.4 million
EPS: ($1.61) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Total net revenue for 2022 was $14.9 million compared to $5.7 million in the prior year, which included only two weeks of revenue contribution from memory products.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Peraso Inc. reported the fourth quarter ended December 31, 2022 results: revenue $3.9 million, net income $14.6 million, EPS ($0.71) per share. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $3.9 million
Net income: $14.6 million
EPS: ($0.71) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Total net revenue for the fourth quarter of 2022 was $3.9 million, compared with $3.3 million in the prior quarter and $1.9 million in the same quarter a year ago.

View on SEC.gov

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

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-003376

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.