---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010766"
form_type: "8-K"
ticker: "PRSO"
cik: "0000890394"
company_name: "Peraso Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:36:36.546883+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-010766
- form_type: 8-K
- ticker: PRSO
- cik: 0000890394
- company_name: Peraso Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890394/000165495423010766/0001654954-23-010766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890394/000165495423010766/prso_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010766
- JSON: https://secwatch.observer/filing/0001654954-23-010766.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010766.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890394/000165495423010766/0001654954-23-010766-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/890394/000165495423010766/0001654954-23-010766-index.htm

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