---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-006074"
form_type: "8-K"
ticker: "PRSO"
cik: "0000890394"
company_name: "Peraso Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:05:03.293231+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Peraso Q1 revenue $2.8M (+54% seq), GAAP net loss $2.0M; guides Q2 $3.7-4.0M

## Summary
- Q1 revenue $2.8M, up 54% sequentially from $1.8M; product revenue $2.7M.
- GAAP gross margin 46.4% vs negative 147.3% prior Q (inventory write-down); non-GAAP 66.4%.
- GAAP net loss $2.0M ($1.07/share) vs $8.9M ($12.48) prior Q; non-GAAP loss $1.6M ($0.83).
- Memory product backlog $12.6M including $2.9M EOL order; expected to generate revenue through Q1 2025.
- Q2 2024 revenue guidance $3.7M to $4.0M; CEO cites cost reductions and mmWave customer expansion.

## SEC filing metadata
- accession: 0001654954-24-006074
- form_type: 8-K
- ticker: PRSO
- cik: 0000890394
- company_name: Peraso Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890394/000165495424006074/0001654954-24-006074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890394/000165495424006074/prso_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006074
- JSON: https://secwatch.observer/filing/0001654954-24-006074.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006074.txt

## Key facts
- Earnings Releases
  Peraso Inc. reported first quarter ended March 31, 2024 results: revenue $2.8 million, net income $2.0 million, or ($1.07) per share, EPS ($1.07) per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $2.8 million
  - Net income: $2.0 million, or ($1.07) per share
  - EPS: ($1.07) per share
  - Result: reported results
  source text: Total net revenue for the first quarter of 2024 was $2.8 million, compared with $1.8 million in the prior quarter and $5.0 million in the same quarter a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890394/000165495424006074/0001654954-24-006074-index.htm

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