secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001654954-24-003308
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495424003308/0001654954-24-003308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495424003308/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-003308

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