secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001654954-23-010766
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495423010766/0001654954-23-010766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495423010766/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010766

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