secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001654954-24-006074
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495424006074/0001654954-24-006074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495424006074/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006074

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