Peraso Q2 revenue drops to $2.4M; engaged investment bank for strategic alternatives

Peraso Inc.

2023-Q2 EPS reported -$0.32 revenue$7,436,000

Q2 revenue $2.4M, down 52% QoQ and 44% YoY; product revenue $2.2M.
GAAP net loss $4.1M ($0.17 per share); non-GAAP net loss $3.0M ($0.12 per share).
Cash and short-term investments $2.7M at June 30; company expects need to raise additional capital.
Engaged investment bank to explore strategic alternatives including merger or asset sale.
Memory IC end-of-life: initial forecasts for last-time buys expected $15-20M, shipments beginning in 2023.

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 second quarter ended June 30, 2023 results: revenue total net revenue for the second quarter of 2023 was $2.4 million, net income gaap net loss for the second quarter of 2023 was $4.1 million, EPS ($0.17) per share.

Period: second quarter ended June 30, 2023
Revenue: total net revenue for the second quarter of 2023 was $2.4 million
Net income: gaap net loss for the second quarter of 2023 was $4.1 million
EPS: ($0.17) per share
Result: reported results

Exact text from the filing

Total net revenue for the second quarter of 2023 was $2.4 million, compared with $5.0 million in the prior quarter and $4.3 million in the same quarter a year ago.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Peraso Inc. reported six months ended June 30, 2023 results: revenue $2.4 million.

Period: six months ended June 30, 2023
Revenue: $2.4 million
Result: reported results

Exact text from the filing

focus of diversifying our customer base to drive renewed and more predictable growth.” Second Quarter 2023 Financial Results Total net revenue for the second quarter of 2023 was $2.4 million, compared with $5.0 million in the prior quarter and $4.3 million in the same quarter a year ago. Product revenue for the second quarter of 2023 was $2.2 million, compared with

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Source: SEC EDGAR

accession 0001654954-23-010766

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