Peraso Q1 revenue $5.0M (+48% YoY), net loss narrows; memory IC EOL notice issued

Peraso Inc.

2023-Q1 EPS reported -$0.15 revenue$5,033,000

Total revenue $5.0M (+29% seq, +48% YoY); product revenue record $4.9M.
GAAP net loss $3.1M ($0.15/sh) vs $14.6M loss prior Q; non-GAAP loss $2.0M.
GAAP gross margin 38.3% (down from 44.2% prior Q); non-GAAP margin 45.4%.
Memory IC sole foundry ending process in 2024; EOL notice, last-time buy deadline Dec 2023.
Adjusted EBITDA -$1.8M, improved from -$2.5M prior Q and -$4.8M YoY.

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 0.95

Peraso Inc. reported first quarter ended March 31, 2023 results: revenue $5.0 million, net income $3.1 million, EPS ($0.15) per share.

Period: first quarter ended March 31, 2023
Revenue: $5.0 million
Net income: $3.1 million
EPS: ($0.15) per share
Result: reported results

Exact text from the filing

advancing our robust pipeline of new business engagements in support of future growth.” First Quarter 2023 Financial Results Total net revenue for the first quarter of 2023 was $5.0 million, compared with $3.9 million in the prior quarter and $3.4 million in the same quarter a year ago. Product revenue for the first quarter of 2023 was $4.9 million, compared with

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Source: SEC EDGAR

accession 0001654954-23-006571

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