secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001654954-23-006571
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495423006571/0001654954-23-006571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495423006571/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006571

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