Peraso Q4 revenue $1.8M, GAAP net loss $8.9M; inventory write-down drives negative gross margin

Peraso Inc.

Q4 revenue $1.8M (down 60% from Q3 2023); GAAP net loss $8.9M ($12.48 per share).
GAAP gross margin negative 147.3% due to a $3.0M inventory write-down on mmWave and memory IC products.
Full year 2023 revenue $13.7M (down 8% YoY); GAAP net loss $16.8M ($26.00 per share).
Cash $1.6M at Dec 31; subsequent public offering raised ~$3.4M net proceeds.
Q1 2024 revenue guidance $2.6M-$2.9M; strategic alternatives review terminated in Jan 2024.

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 0.8

Peraso Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 18, 2024, Peraso Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-003308

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