secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001654954-23-014158
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495423014158/0001654954-23-014158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495423014158/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-014158

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