---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006571"
form_type: "8-K"
ticker: "PRSO"
cik: "0000890394"
company_name: "Peraso Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:59:24.119026+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-006571
- form_type: 8-K
- ticker: PRSO
- cik: 0000890394
- company_name: Peraso Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890394/000165495423006571/0001654954-23-006571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890394/000165495423006571/prso_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006571
- JSON: https://secwatch.observer/filing/0001654954-23-006571.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006571.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/890394/000165495423006571/0001654954-23-006571-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.