---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-014158"
form_type: "8-K"
ticker: "PRSO"
cik: "0000890394"
company_name: "Peraso Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:57:41.785209+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Peraso Q3 revenue $4.5M (+87% QoQ), net loss narrows; lays off 28% of workforce

## Summary
- Q3 revenue $4.5M (+87% sequential, +36% YoY); GAAP gross margin 45.4%, non-GAAP 58.0%.
- GAAP net loss $0.6M ($0.02 loss per share) vs prior $4.1M loss; non-GAAP net loss $1.1M.
- Cash and equivalents $0.7M at Sept 30; company states need to raise additional capital.
- Laid off 19 employees (28% of workforce) on Nov 7; estimated severance charges $0.5-1.0M.
- Memory IC last-time-buy orders expected $15-20M, serving as cash source through 2024.

## SEC filing metadata
- accession: 0001654954-23-014158
- form_type: 8-K
- ticker: PRSO
- cik: 0000890394
- company_name: Peraso Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890394/000165495423014158/0001654954-23-014158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890394/000165495423014158/prso_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-014158
- JSON: https://secwatch.observer/filing/0001654954-23-014158.json
- Plain text: https://secwatch.observer/filing/0001654954-23-014158.txt

## Key facts
- Earnings Releases
  Peraso Inc. reported third quarter ended September 30, 2023 results: revenue $4.5 million, net income GAAP net loss for the third quarter of 2023 was $0.6 million, or ($0.02) per share, EPS ($0.02) per share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $4.5 million
  - Net income: GAAP net loss for the third quarter of 2023 was $0.6 million, or ($0.02) per share
  - EPS: ($0.02) per share
  - Result: reported results
  source text: source of cash as we fulfill shipments against existing backlog throughout 2024.” Third Quarter 2023 Financial Results Total net revenue for the third quarter of 2023 was $4.5 million, compared with $2.4 million in the prior quarter and $3.3 million in the same quarter a year ago. Product revenue for the third quarter of 2023 was $4.3 million, compared with
  evidence_url: https://www.sec.gov/Archives/edgar/data/890394/000165495423014158/0001654954-23-014158-index.htm

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