secwatch.observer — SEC 8-K summary
======================================

Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001654954-23-003376
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495423003376/0001654954-23-003376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495423003376/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003376

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer